eGain (NASDAQ:EGAN) Upgraded by Wall Street Zen to “Buy” Rating

eGain (NASDAQ:EGAN) was upgraded by equities researchers at Wall Street Zen from a “hold” rating to a “buy” rating in a research note issued on Saturday.

eGain Trading Down 6.7%

EGAN opened at $6.31 on Friday. eGain has a 12-month low of $4.34 and a 12-month high of $7.62. The firm has a market capitalization of $172.58 million, a PE ratio of 70.11 and a beta of 0.41. The firm has a 50 day moving average of $5.88 and a two-hundred day moving average of $5.60.

eGain (NASDAQ:EGAN) last issued its quarterly earnings data on Wednesday, May 14th. The technology company reported $0.03 EPS for the quarter, topping analysts’ consensus estimates 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 net margin of 3.30% and a return on equity of 5.24%. As a group, analysts predict that eGain will post 0.05 EPS for the current fiscal year.

Institutional Investors Weigh In On eGain

Hedge funds and other institutional investors have recently made changes to their positions in the company. Assenagon Asset Management S.A. grew its stake in eGain by 6.1% in the 1st quarter. Assenagon Asset Management S.A. now owns 42,630 shares of the technology company’s stock valued at $207,000 after acquiring an additional 2,446 shares during the period. Bank of America Corp DE grew its stake in eGain by 8.9% in the 4th quarter. Bank of America Corp DE now owns 30,886 shares of the technology company’s stock valued at $192,000 after acquiring an additional 2,525 shares during the period. JPMorgan Chase & Co. grew its stake in eGain by 382.4% in the 4th quarter. JPMorgan Chase & Co. now owns 74,688 shares of the technology company’s stock valued at $465,000 after acquiring an additional 59,207 shares during the period. O Shaughnessy Asset Management LLC grew its stake in eGain by 37.5% in the 4th quarter. O Shaughnessy Asset Management LLC now owns 27,009 shares of the technology company’s stock valued at $168,000 after acquiring an additional 7,373 shares during the period. Finally, Wells Fargo & Company MN grew its stake in eGain by 36.8% in the 4th quarter. Wells Fargo & Company MN now owns 8,173 shares of the technology company’s stock valued at $51,000 after acquiring an additional 2,197 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.