eGain Co. (NASDAQ:EGAN) Shares Sold by Two Sigma Advisers LP

Two Sigma Advisers LP decreased its stake in shares of eGain Co. (NASDAQ:EGAN) by 3.1% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 71,300 shares of the technology company’s stock after selling 2,300 shares during the period. Two Sigma Advisers LP owned 0.25% of eGain worth $444,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of EGAN. Wells Fargo & Company MN grew its stake in shares of eGain by 36.8% during 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 period. Occudo Quantitative Strategies LP acquired a new position in eGain in the fourth quarter valued at $71,000. Stoneridge Investment Partners LLC grew its position in eGain by 23.8% during the fourth quarter. Stoneridge Investment Partners LLC now owns 14,409 shares of the technology company’s stock valued at $90,000 after acquiring an additional 2,771 shares during the period. O Shaughnessy Asset Management LLC increased its stake 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 acquiring an additional 7,373 shares during the last quarter. Finally, Legato Capital Management LLC raised its holdings in shares of eGain by 60.6% in the 4th quarter. Legato Capital Management LLC now owns 29,573 shares of the technology company’s stock worth $184,000 after purchasing an additional 11,155 shares during the period. Institutional investors and hedge funds own 53.94% of the company’s stock.

Analyst Upgrades and Downgrades

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

eGain Price Performance

NASDAQ:EGAN opened at $5.57 on Thursday. The business’s 50-day moving average is $5.03 and its two-hundred day moving average is $5.43. The firm has a market capitalization of $152.35 million, a PE ratio of 39.79 and a beta of 0.43. eGain Co. has a 12 month low of $4.34 and a 12 month high of $7.62.

eGain (NASDAQ:EGAN) last announced its earnings results on Wednesday, May 14th. The technology company reported $0.03 EPS for the quarter, beating the consensus estimate of $0.01 by $0.02. The business had revenue of $21.01 million for the quarter, compared to the consensus estimate of $21.24 million. eGain had a return on equity of 7.41% and a net margin of 4.86%. Equities analysts anticipate that eGain Co. will post 0.05 EPS for the current year.

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.