Acadian Asset Management LLC Has $2.76 Million Holdings in eGain Corp (EGAN)

Acadian Asset Management LLC boosted its position in eGain Corp (NASDAQ:EGAN) by 67.1% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 340,833 shares of the technology company’s stock after purchasing an additional 136,906 shares during the period. Acadian Asset Management LLC owned about 1.22% of eGain worth $2,761,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. BlackRock Inc. boosted its position in eGain by 224.1% in the first quarter. BlackRock Inc. now owns 197,030 shares of the technology company’s stock valued at $1,566,000 after buying an additional 136,241 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in eGain by 98.3% in the first quarter. Dimensional Fund Advisors LP now owns 147,541 shares of the technology company’s stock valued at $1,173,000 after buying an additional 73,147 shares in the last quarter. Millennium Management LLC boosted its position in eGain by 197.0% in the first quarter. Millennium Management LLC now owns 219,927 shares of the technology company’s stock valued at $1,748,000 after buying an additional 145,881 shares in the last quarter. Allianz Asset Management GmbH acquired a new position in shares of eGain during the first quarter worth approximately $1,123,000. Finally, PenderFund Capital Management Ltd. lifted its position in shares of eGain by 275.1% during the second quarter. PenderFund Capital Management Ltd. now owns 146,713 shares of the technology company’s stock worth $2,553,000 after purchasing an additional 107,596 shares in the last quarter. 75.07% of the stock is currently owned by institutional investors and hedge funds.

Several equities research analysts have commented on the stock. BidaskClub downgraded shares of eGain from a “strong-buy” rating to a “buy” rating in a research note on Thursday, September 6th. Zacks Investment Research raised shares of eGain from a “hold” rating to a “strong-buy” rating and set a $9.25 target price for the company in a research note on Friday, November 16th. Six analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. eGain currently has an average rating of “Buy” and an average price target of $13.31.

NASDAQ:EGAN traded up $0.11 during trading hours on Monday, hitting $7.54. The stock had a trading volume of 160,531 shares, compared to its average volume of 236,280. eGain Corp has a one year low of $3.50 and a one year high of $19.05. The company has a market capitalization of $207.08 million, a PE ratio of 247.67, a PEG ratio of 24.77 and a beta of -0.05.

eGain (NASDAQ:EGAN) last released its quarterly earnings results on Thursday, November 8th. The technology company reported $0.03 EPS for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.04. eGain had a negative net margin of 1.31% and a negative return on equity of 11.80%. The business had revenue of $15.70 million for the quarter, compared to analyst estimates of $15.71 million. As a group, equities analysts forecast that eGain Corp will post 0.01 earnings per share for the current year.

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eGain Profile

eGain Corporation operates as a software-as-a service provider of customer engagement solutions in the United States, the United Kingdom, India, and internationally. It provides eGain solution, a unified cloud software solution to automate, augment, and orchestrate customer engagement, including digital-first, Omni channel desktop, artificial intelligence (AI) and knowledge, and analytics and machine learning applications, as well as platform APIs and pre-built third-party connectors.

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Institutional Ownership by Quarter for eGain (NASDAQ:EGAN)

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