eGain (NASDAQ:EGAN) Board of Directors Announces Share Buyback Program

eGain (NASDAQ:EGAN) declared that its Board of Directors has initiated a stock repurchase plan on Thursday, September 4th, RTT News reports. The company plans to repurchase $20.00 million in shares. This repurchase authorization permits the technology company to buy up to 11.7% of its shares through open market purchases. Shares repurchase plans are often a sign that the company’s leadership believes its shares are undervalued.

eGain Price Performance

Shares of NASDAQ:EGAN opened at $6.17 on Friday. The company’s 50-day moving average price is $6.32 and its two-hundred day moving average price is $5.58. eGain has a one year low of $4.34 and a one year high of $7.33. The stock has a market capitalization of $168.75 million, a PE ratio of 68.56 and a beta of 0.30.

eGain (NASDAQ:EGAN) last issued its quarterly earnings results on Thursday, September 4th. The technology company reported $0.07 EPS for the quarter, hitting the consensus estimate of $0.07. eGain had a net margin of 3.30% and a return on equity of 5.24%. eGain has set its FY 2026 guidance at 0.300-0.360 EPS. Q1 2026 guidance at 0.110-0.140 EPS. On average, analysts anticipate that eGain will post 0.05 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Separately, Wall Street Zen lowered shares of eGain from a “buy” rating to a “hold” rating in a research note on Saturday, August 2nd. One investment analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $8.50.

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.