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

eGain (NASDAQ:EGAN) was upgraded by equities research analysts at StockNews.com from a “buy” rating to a “strong-buy” rating in a report issued on Friday.

Separately, Roth Mkm reiterated a “buy” rating and set a $10.00 target price (down previously from $12.00) on shares of eGain in a research report on Friday, February 14th.

eGain Stock Up 3.6%

Shares of EGAN opened at $5.24 on Friday. The stock has a market cap of $147.41 million, a price-to-earnings ratio of 37.43 and a beta of 0.43. The company has a 50-day moving average price of $4.86 and a two-hundred day moving average price of $5.42. eGain has a 12 month low of $4.34 and a 12 month high of $7.62.

eGain (NASDAQ:EGAN) last released its quarterly earnings results on Wednesday, May 14th. The technology company reported $0.03 earnings per share for the quarter, beating analysts’ consensus estimates of $0.01 by $0.02. eGain had a return on equity of 7.41% and a net margin of 4.86%. The firm had revenue of $21.01 million during the quarter, compared to analysts’ expectations of $21.24 million. Equities research analysts expect that eGain will post 0.05 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in EGAN. Kanen Wealth Management LLC grew its holdings in shares of eGain by 6.9% during the fourth quarter. Kanen Wealth Management LLC now owns 2,659,823 shares of the technology company’s stock worth $16,571,000 after buying an additional 171,451 shares in the last quarter. Barclays PLC lifted its stake in eGain by 48.5% in the 3rd quarter. Barclays PLC now owns 60,513 shares of the technology company’s stock valued at $308,000 after purchasing an additional 19,772 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in shares of eGain by 382.4% during the 4th quarter. JPMorgan Chase & Co. now owns 74,688 shares of the technology company’s stock worth $465,000 after acquiring an additional 59,207 shares during the period. O Shaughnessy Asset Management LLC boosted its position in eGain by 37.5% during the fourth quarter. O Shaughnessy Asset Management LLC now owns 27,009 shares of the technology company’s stock worth $168,000 after purchasing an additional 7,373 shares during the period. Finally, Wells Fargo & Company MN grew its stake in eGain by 36.8% in the 4th quarter. Wells Fargo & Company MN now owns 8,173 shares of the technology company’s stock valued at $51,000 after buying an additional 2,197 shares during the last quarter. 53.94% of the stock is owned by institutional investors and hedge funds.

About eGain

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 eGain Knowledge Hub, which helps businesses to centralize knowledge, policies, procedures, situational expertise, best-practices, while delivering guided, and personalized solutions to customers and agents; eGain Conversation Hub for digital-first, omnichannel interaction management within a modern, purpose-built desktop; and eGain Analytics Hub enables clients to measure, manage, and optimize omnichannel service operations and knowledge.