eGain (NASDAQ:EGAN) Issues Q4 2022 Earnings Guidance

eGain (NASDAQ:EGANGet Rating) updated its fourth quarter 2022 earnings guidance on Monday. The company provided EPS guidance of -$0.02-0 for the period, compared to the consensus EPS estimate of -$0.04. The company issued revenue guidance of $23.10 million-$23.50 million, compared to the consensus revenue estimate of $23.79 million.

Several research firms have commented on EGAN. Zacks Investment Research raised shares of eGain from a sell rating to a hold rating in a research note on Wednesday, April 6th. StockNews.com upgraded shares of eGain from a buy rating to a strong-buy rating in a research report on Sunday, May 8th.

Shares of eGain stock traded up $0.07 on Monday, hitting $9.47. 11 shares of the company traded hands, compared to its average volume of 123,560. The company has a 50-day moving average price of $11.09 and a 200 day moving average price of $10.85. The company has a quick ratio of 1.71, a current ratio of 1.75 and a debt-to-equity ratio of 0.05. eGain has a 12-month low of $9.15 and a 12-month high of $13.70. The company has a market cap of $301.34 million, a PE ratio of 313.33 and a beta of 0.45.

A number of hedge funds have recently added to or reduced their stakes in the business. Meros Investment Management LP lifted its stake in shares of eGain by 7.6% in the first quarter. Meros Investment Management LP now owns 353,040 shares of the technology company’s stock valued at $4,088,000 after buying an additional 24,820 shares during the period. Renaissance Technologies LLC increased its holdings in shares of eGain by 4.4% during the first quarter. Renaissance Technologies LLC now owns 790,493 shares of the technology company’s stock worth $9,154,000 after buying an additional 33,666 shares in the last quarter. Lazard Asset Management LLC increased its holdings in shares of eGain by 17.9% during the first quarter. Lazard Asset Management LLC now owns 7,705 shares of the technology company’s stock worth $89,000 after buying an additional 1,168 shares in the last quarter. Prudential Financial Inc. increased its holdings in shares of eGain by 181.9% in the first quarter. Prudential Financial Inc. now owns 130,334 shares of the technology company’s stock valued at $1,509,000 after purchasing an additional 84,100 shares in the last quarter. Finally, Sei Investments Co. increased its holdings in shares of eGain by 69.3% in the first quarter. Sei Investments Co. now owns 137,595 shares of the technology company’s stock valued at $1,598,000 after purchasing an additional 56,327 shares in the last quarter. Institutional investors own 53.97% of the company’s stock.

About eGain (Get Rating)

eGain Corporation develops, licenses, implements, and supports customer service infrastructure software solutions in North America, Europe, the Middle East, Africa, and the Asia Pacific. It provides unified cloud software solutions to automate, augment, and orchestrate customer engagement. It also offers subscription services that provides customers with access to its software on a cloud-based platform; and professional services, such as consulting, implementation, and training services.

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