eGain (NASDAQ:EGAN) Stock Rating Lowered by Wall Street Zen

eGain (NASDAQ:EGAN) was downgraded by stock analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a research report issued on Saturday.

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

eGain Stock Performance

Shares of NASDAQ EGAN opened at $5.98 on Friday. The company’s fifty day moving average price is $5.21 and its 200 day moving average price is $5.47. The company has a market capitalization of $163.56 million, a PE ratio of 42.71 and a beta of 0.37. eGain has a 1 year low of $4.34 and a 1 year high of $7.62.

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 company had revenue of $21.01 million for the quarter, compared to analysts’ expectations of $21.24 million. eGain had a net margin of 4.86% and a return on equity of 7.41%. On average, equities analysts expect that eGain will post 0.05 EPS for the current year.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Strs Ohio acquired a new stake in eGain during the 1st quarter worth approximately $250,000. Acadian Asset Management LLC grew its stake in shares of eGain by 0.7% in 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 in the last quarter. Jane Street Group LLC grew its stake in shares of eGain by 53.7% in the first quarter. Jane Street Group LLC now owns 47,726 shares of the technology company’s stock valued at $231,000 after buying an additional 16,678 shares in the last quarter. Nuveen LLC bought a new position in shares of eGain in the first quarter valued at $296,000. Finally, Jefferies Financial Group Inc. bought a new position in shares of eGain in the first quarter valued at $83,000. 53.94% of the stock is currently 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.