eGain (NASDAQ:EGAN) Stock Price Crosses Above 200 Day Moving Average – What’s Next?

eGain Co. (NASDAQ:EGAN)’s share price crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $5.43 and traded as high as $5.85. eGain shares last traded at $5.53, with a volume of 50,441 shares trading hands.

Analysts Set New Price Targets

A number of brokerages have issued reports on EGAN. Roth Mkm restated a “buy” rating and set a $10.00 price target (down previously from $12.00) on shares of eGain in a research note on Friday, February 14th. Wall Street Zen upgraded shares of eGain from a “buy” rating to a “strong-buy” rating in a research note on Friday, May 16th.

eGain Stock Down 1.2%

The stock has a market cap of $151.25 million, a price-to-earnings ratio of 39.50 and a beta of 0.43. The stock’s 50 day moving average price is $4.94 and its two-hundred day moving average price is $5.43.

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

Institutional Trading of eGain

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Acadian Asset Management LLC grew its position in eGain by 0.7% during the first quarter. Acadian Asset Management LLC now owns 980,840 shares of the technology company’s stock valued at $4,753,000 after buying an additional 6,429 shares during the period. Dimensional Fund Advisors LP grew its position in eGain by 0.3% during the fourth quarter. Dimensional Fund Advisors LP now owns 690,317 shares of the technology company’s stock valued at $4,300,000 after buying an additional 1,820 shares during the period. Bank of New York Mellon Corp grew its position in eGain by 8.1% during the first quarter. Bank of New York Mellon Corp now owns 139,684 shares of the technology company’s stock valued at $677,000 after buying an additional 10,486 shares during the period. Mackenzie Financial Corp grew its position in eGain by 263.0% during the fourth quarter. Mackenzie Financial Corp now owns 90,688 shares of the technology company’s stock valued at $565,000 after buying an additional 65,708 shares during the period. Finally, JPMorgan Chase & Co. grew its position in eGain by 382.4% during the fourth quarter. JPMorgan Chase & Co. now owns 74,688 shares of the technology company’s stock valued at $465,000 after buying an additional 59,207 shares during the period. Institutional investors and hedge funds own 53.94% of the company’s stock.

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.