eGain (NASDAQ:EGAN) Rating Increased to Strong-Buy at StockNews.com

StockNews.com upgraded shares of eGain (NASDAQ:EGANGet Rating) from a buy rating to a strong-buy rating in a report published on Monday morning.

Separately, Craig Hallum decreased their target price on eGain from $18.00 to $14.00 and set a buy rating for the company in a research report on Friday.

eGain Stock Up 5.8 %

NASDAQ EGAN opened at $8.01 on Monday. eGain has a fifty-two week low of $7.36 and a fifty-two week high of $13.70. The stock has a market cap of $254.89 million, a price-to-earnings ratio of -100.13 and a beta of 0.31. The business has a fifty day moving average of $9.37 and a 200-day moving average of $10.07.

Institutional Investors Weigh In On eGain

Several large investors have recently modified their holdings of the stock. Amalgamated Bank purchased a new stake in shares of eGain during the first quarter worth $34,000. BNP Paribas Arbitrage SA grew its position in eGain by 81.0% during the second quarter. BNP Paribas Arbitrage SA now owns 4,813 shares of the technology company’s stock worth $47,000 after buying an additional 2,154 shares in the last quarter. Lazard Asset Management LLC grew its position in eGain by 47.3% during the fourth quarter. Lazard Asset Management LLC now owns 6,537 shares of the technology company’s stock worth $65,000 after buying an additional 2,099 shares in the last quarter. Counterpoint Mutual Funds LLC acquired a new stake in eGain during the first quarter worth about $67,000. Finally, MetLife Investment Management LLC bought a new position in eGain during the first quarter worth about $132,000. 55.42% of the stock is owned by institutional investors.

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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