Connor Clark & Lunn Investment Management Ltd. lowered its stake in eGain Corp (NASDAQ:EGAN) by 32.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 23,025 shares of the technology company’s stock after selling 11,209 shares during the quarter. Connor Clark & Lunn Investment Management Ltd. owned about 0.08% of eGain worth $151,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Bank of Montreal Can lifted its position in shares of eGain by 1.9% during the fourth quarter. Bank of Montreal Can now owns 8,567,298 shares of the technology company’s stock worth $56,288,000 after purchasing an additional 161,585 shares in the last quarter. Renaissance Technologies LLC lifted its holdings in shares of eGain by 6.1% during the third quarter. Renaissance Technologies LLC now owns 1,958,700 shares of the technology company’s stock worth $15,865,000 after purchasing an additional 112,500 shares during the period. Vanguard Group Inc lifted its holdings in shares of eGain by 82.7% during the third quarter. Vanguard Group Inc now owns 1,350,983 shares of the technology company’s stock worth $10,943,000 after purchasing an additional 611,577 shares during the period. Vanguard Group Inc. lifted its holdings in shares of eGain by 82.7% during the third quarter. Vanguard Group Inc. now owns 1,350,983 shares of the technology company’s stock worth $10,943,000 after purchasing an additional 611,577 shares during the period. Finally, AQR Capital Management LLC lifted its holdings in shares of eGain by 938.9% during the third quarter. AQR Capital Management LLC now owns 1,091,213 shares of the technology company’s stock worth $8,838,000 after purchasing an additional 986,177 shares during the period. 77.48% of the stock is currently owned by institutional investors.
EGAN has been the subject of several recent research reports. Roth Capital reaffirmed a “buy” rating on shares of eGain in a report on Friday, February 8th. Zacks Investment Research downgraded eGain from a “buy” rating to a “hold” rating in a report on Thursday. Finally, BidaskClub raised eGain from a “strong sell” rating to a “sell” rating in a report on Saturday. One analyst has rated the stock with a sell rating, one has issued a hold rating and four have issued a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $13.31.
eGain stock traded down $0.21 during midday trading on Monday, reaching $10.21. 181,996 shares of the company were exchanged, compared to its average volume of 353,934. The stock has a market cap of $292.11 million, a PE ratio of 94.46, a P/E/G ratio of 2.66 and a beta of 0.51. eGain Corp has a 1 year low of $5.40 and a 1 year high of $19.05.
eGain (NASDAQ:EGAN) last posted its quarterly earnings results on Thursday, February 7th. The technology company reported $0.07 EPS for the quarter, beating the consensus estimate of ($0.01) by $0.08. The company had revenue of $17.70 million during the quarter, compared to analysts’ expectations of $16.28 million. eGain had a negative return on equity of 57.09% and a net margin of 3.04%. The firm’s revenue was up 14.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.02 EPS. Equities research analysts predict that eGain Corp will post 0.13 EPS for the current fiscal year.
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eGain Company 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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