eGain (NASDAQ:EGAN) Upgraded by StockNews.com to Strong-Buy

eGain (NASDAQ:EGANGet Rating) was upgraded by investment analysts at StockNews.com from a “buy” rating to a “strong-buy” rating in a research report issued on Thursday.

Separately, Craig Hallum dropped their price objective on eGain from $18.00 to $14.00 and set a “buy” rating for the company in a research note on Friday, September 9th.

eGain Price Performance

EGAN stock opened at $7.53 on Thursday. eGain has a 1-year low of $7.36 and a 1-year high of $13.70. The business has a fifty day moving average price of $9.05 and a 200-day moving average price of $9.90. The stock has a market capitalization of $240.47 million, a P/E ratio of -94.13 and a beta of 0.31.

Hedge Funds Weigh In On eGain

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Strs Ohio boosted its holdings in shares of eGain by 23.9% during the 1st quarter. Strs Ohio now owns 58,500 shares of the technology company’s stock worth $677,000 after purchasing an additional 11,300 shares during the last quarter. Bullseye Asset Management LLC boosted its stake in eGain by 566.7% in the first quarter. Bullseye Asset Management LLC now owns 426,622 shares of the technology company’s stock valued at $4,940,000 after acquiring an additional 362,628 shares in the last quarter. Meros Investment Management LP purchased a new stake in shares of eGain in the fourth quarter valued at about $3,276,000. Forager Funds Management Pty Ltd raised its holdings in eGain by 5.5% during the first quarter. Forager Funds Management Pty Ltd now owns 374,257 shares of the technology company’s stock worth $4,334,000 after purchasing an additional 19,371 shares in the last quarter. Finally, Westerly Capital Management LLC increased its holdings in eGain by 0.7% in the first quarter. Westerly Capital Management LLC now owns 302,000 shares of the technology company’s stock valued at $3,497,000 after buying an additional 2,000 shares in the last quarter. Hedge funds and other institutional investors own 55.42% 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 Knowledge Hub solutions to automate, augment, and orchestrate customer engagement. The company also offers subscription services that provides customers with access to its software on a cloud-based platform; and professional services, such as consulting and implementation, training, and managed services.

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