Two Sigma Investments LP Trims Holdings in eGain Co. (NASDAQ:EGAN)

Two Sigma Investments LP lessened its holdings in shares of eGain Co. (NASDAQ:EGAN) by 22.1% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 60,532 shares of the technology company’s stock after selling 17,196 shares during the period. Two Sigma Investments LP owned about 0.21% of eGain worth $377,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Legato Capital Management LLC boosted its position in eGain by 60.6% during the 4th quarter. Legato Capital Management LLC now owns 29,573 shares of the technology company’s stock valued at $184,000 after acquiring an additional 11,155 shares in the last quarter. Seizert Capital Partners LLC boosted its position in shares of eGain by 55.9% in the 4th quarter. Seizert Capital Partners LLC now owns 59,340 shares of the technology company’s stock worth $370,000 after purchasing an additional 21,272 shares in the last quarter. JPMorgan Chase & Co. boosted its position in shares of eGain by 382.4% in the 4th quarter. JPMorgan Chase & Co. now owns 74,688 shares of the technology company’s stock worth $465,000 after purchasing an additional 59,207 shares in the last quarter. O Shaughnessy Asset Management LLC boosted its position in shares of eGain by 37.5% in the 4th 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 in the last quarter. Finally, Integrated Quantitative Investments LLC bought a new stake in shares of eGain in the 4th quarter worth approximately $236,000. Hedge funds and other institutional investors own 53.94% of the company’s stock.

Wall Street Analyst Weigh In

EGAN has been the topic of a number of analyst reports. Wall Street Zen raised eGain from a “hold” rating to a “buy” rating in a research report on Friday, June 6th. Roth Mkm reissued a “buy” rating and issued a $10.00 price target (down from $12.00) on shares of eGain in a research report on Friday, February 14th.

eGain Stock Up 2.0%

Shares of EGAN opened at $6.05 on Wednesday. The business’s 50 day moving average price is $5.12 and its 200-day moving average price is $5.46. eGain Co. has a 52 week low of $4.34 and a 52 week high of $7.62. The stock has a market cap of $165.47 million, a P/E ratio of 43.21 and a beta of 0.37.

eGain (NASDAQ:EGAN) last released its quarterly earnings data on Wednesday, May 14th. The technology company reported $0.03 earnings per share (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 analysts’ expectations of $21.24 million. eGain had a return on equity of 7.41% and a net margin of 4.86%. On average, equities analysts anticipate that eGain Co. will post 0.05 EPS for the current year.

eGain Company Profile

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.