Assenagon Asset Management S.A. Increases Holdings in eGain Corporation (NASDAQ:EGAN)

Assenagon Asset Management S.A. boosted its holdings in shares of eGain Corporation (NASDAQ:EGAN) by 6.1% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 42,630 shares of the technology company’s stock after purchasing an additional 2,446 shares during the period. Assenagon Asset Management S.A. owned about 0.15% of eGain worth $207,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Mackenzie Financial Corp lifted its position in eGain by 263.0% in the 4th quarter. Mackenzie Financial Corp now owns 90,688 shares of the technology company’s stock valued at $565,000 after acquiring an additional 65,708 shares in the last quarter. Occudo Quantitative Strategies LP bought a new position in shares of eGain during the 4th quarter valued at $71,000. Bank of America Corp DE lifted its holdings in shares of eGain by 8.9% during the 4th quarter. Bank of America Corp DE now owns 30,886 shares of the technology company’s stock valued at $192,000 after buying an additional 2,525 shares during the period. Dimensional Fund Advisors LP lifted its holdings in shares of eGain by 0.3% during the 4th 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. Finally, Wells Fargo & Company MN lifted its holdings 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. Hedge funds and other institutional investors own 53.94% of the company’s stock.

eGain Price Performance

NASDAQ EGAN opened at $6.41 on Friday. The business’s fifty day moving average price is $5.36 and its 200-day moving average price is $5.50. The stock has a market capitalization of $175.31 million, a price-to-earnings ratio of 71.22 and a beta of 0.37. eGain Corporation has a 1-year low of $4.34 and a 1-year 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 the consensus estimate of $0.01 by $0.02. The firm had revenue of $21.01 million for the quarter, compared to analysts’ expectations of $21.24 million. eGain had a return on equity of 5.24% and a net margin of 3.30%. Equities research analysts anticipate that eGain Corporation will post 0.05 EPS for the current year.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen cut eGain from a “buy” rating to a “hold” rating in a report on Saturday, June 14th.

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.