eGain (NASDAQ:EGAN) Share Price Crosses Above 200 Day Moving Average – Time to Sell?

eGain Corporation (NASDAQ:EGAN)’s stock price crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $8.48 and traded as high as $10.15. eGain shares last traded at $9.61, with a volume of 471,860 shares traded.

Analysts Set New Price Targets

EGAN has been the subject of several recent research reports. Zacks Research cut shares of eGain from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, November 4th. Wall Street Zen raised shares of eGain from a “hold” rating to a “buy” rating in a research note on Sunday, November 16th. Weiss Ratings restated a “hold (c+)” rating on shares of eGain in a report on Tuesday, October 14th. Finally, Roth Capital reaffirmed a “buy” rating and set a $20.00 target price (up from $10.00) on shares of eGain in a report on Thursday, November 13th. Two analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $15.00.

eGain Price Performance

The business’s fifty day simple moving average is $12.26 and its 200 day simple moving average is $8.48. The firm has a market capitalization of $259.96 million, a price-to-earnings ratio of 8.36 and a beta of 0.50.

eGain (NASDAQ:EGAN) last issued its earnings results on Wednesday, November 12th. The technology company reported $0.17 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.11 by $0.06. The company had revenue of $23.51 million for the quarter, compared to analysts’ expectations of $23.22 million. eGain had a return on equity of 5.41% and a net margin of 36.47%. eGain has set its Q2 2026 guidance at 0.070-0.080 EPS. FY 2026 guidance at 0.290-0.340 EPS. Equities research analysts expect that eGain Corporation will post 0.05 earnings per share for the current fiscal year.

eGain declared that its board has approved a stock buyback program on Thursday, September 4th that permits the company to buyback $20.00 million in outstanding shares. This buyback authorization permits the technology company to reacquire up to 11.7% of its shares through open market purchases. Shares buyback programs are often an indication that the company’s leadership believes its shares are undervalued.

Insider Activity at eGain

In related news, CFO Eric Smit sold 5,000 shares of eGain stock in a transaction on Monday, November 3rd. The stock was sold at an average price of $14.44, for a total transaction of $72,200.00. Following the sale, the chief financial officer directly owned 129,187 shares in the company, valued at approximately $1,865,460.28. This trade represents a 3.73% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 38.70% of the company’s stock.

Institutional Investors Weigh In On eGain

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Strs Ohio purchased a new position in eGain during the 1st quarter valued at about $250,000. Nuveen LLC bought a new stake in shares of eGain during the 1st quarter worth $296,000. Ritholtz Wealth Management bought a new position in eGain in the second quarter valued at $194,000. Acadian Asset Management LLC raised its position in eGain by 0.7% during the first quarter. Acadian Asset Management LLC now owns 980,840 shares of the technology company’s stock valued at $4,753,000 after purchasing an additional 6,429 shares in the last quarter. Finally, Jefferies Financial Group Inc. bought a new stake in eGain during the first quarter worth about $83,000. 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.