Wall Street Zen Downgrades eGain (NASDAQ:EGAN) to Hold

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

eGain Stock Performance

EGAN opened at $5.82 on Friday. The company has a market cap of $159.18 million, a PE ratio of 64.67 and a beta of 0.45. The stock has a 50-day moving average of $6.24 and a 200-day moving average of $5.59. eGain has a 52-week low of $4.34 and a 52-week 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 (EPS) for the quarter, topping the consensus estimate of $0.01 by $0.02. The company had revenue of $21.01 million during the quarter, compared to the consensus estimate of $21.24 million. eGain had a return on equity of 5.24% and a net margin of 3.30%. On average, research analysts predict that eGain will post 0.05 earnings per share for the current year.

Institutional Trading of eGain

Several hedge funds have recently added to or reduced their stakes in EGAN. JPMorgan Chase & Co. boosted its stake in eGain by 382.4% during the 4th quarter. JPMorgan Chase & Co. now owns 74,688 shares of the technology company’s stock valued at $465,000 after purchasing an additional 59,207 shares during the period. O Shaughnessy Asset Management LLC boosted its stake in eGain by 37.5% during the 4th quarter. O Shaughnessy Asset Management LLC now owns 27,009 shares of the technology company’s stock valued at $168,000 after purchasing an additional 7,373 shares during the period. Integrated Quantitative Investments LLC bought a new stake in eGain during the 4th quarter valued at approximately $236,000. Wells Fargo & Company MN boosted its stake in 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 purchasing an additional 2,197 shares during the period. Finally, Dimensional Fund Advisors LP boosted its stake in 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 purchasing an additional 1,820 shares during the period. Institutional investors 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.