eGain (EGAN) Stock Rating Lowered by ValuEngine

ValuEngine cut shares of eGain (NASDAQ:EGAN) from a buy rating to a hold rating in a research report sent to investors on Thursday morning, ValuEngine reports.

Several other equities analysts also recently commented on EGAN. Roth Capital reissued a buy rating on shares of eGain in a research report on Friday, February 8th. BidaskClub downgraded shares of eGain from a sell rating to a strong sell rating in a research report on Wednesday, April 3rd. Finally, Zacks Investment Research downgraded shares of eGain from a buy rating to a hold rating in a research report on Thursday, April 11th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of Hold and an average target price of $13.75.

eGain stock opened at $9.63 on Thursday. The firm has a market cap of $268.70 million, a price-to-earnings ratio of 92.82, a price-to-earnings-growth ratio of 2.62 and a beta of 0.51. eGain has a one year low of $5.40 and a one year high of $19.05.

eGain (NASDAQ:EGAN) last posted its earnings results on Thursday, February 7th. The technology company reported $0.07 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.01) by $0.08. The firm had revenue of $17.70 million for the quarter, compared to the consensus estimate of $16.28 million. eGain had a net margin of 3.04% and a negative return on equity of 57.09%. The business’s quarterly revenue was up 14.9% on a year-over-year basis. During the same period in the prior year, the business posted $0.02 earnings per share. Equities analysts anticipate that eGain will post 0.13 EPS for the current fiscal year.

In other news, Director Brett A. Shockley sold 61,524 shares of the firm’s stock in a transaction dated Thursday, February 21st. The stock was sold at an average price of $11.58, for a total value of $712,447.92. Following the sale, the director now directly owns 986,213 shares of the company’s stock, valued at $11,420,346.54. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Brett A. Shockley sold 48,684 shares of the firm’s stock in a transaction dated Tuesday, February 19th. The shares were sold at an average price of $11.56, for a total value of $562,787.04. Following the completion of the sale, the director now directly owns 1,316 shares in the company, valued at $15,212.96. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 142,208 shares of company stock worth $1,630,075. 38.60% of the stock is currently owned by company insiders.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in EGAN. Bank of America Corp DE lifted its stake in shares of eGain by 44.3% in the fourth quarter. Bank of America Corp DE now owns 21,589 shares of the technology company’s stock valued at $142,000 after buying an additional 6,628 shares during the period. Rhumbline Advisers lifted its stake in shares of eGain by 48.1% in the fourth quarter. Rhumbline Advisers now owns 23,667 shares of the technology company’s stock valued at $155,000 after buying an additional 7,688 shares during the period. Jane Street Group LLC bought a new stake in shares of eGain in the third quarter valued at about $163,000. Teachers Advisors LLC lifted its stake in shares of eGain by 26.2% in the third quarter. Teachers Advisors LLC now owns 28,399 shares of the technology company’s stock valued at $230,000 after buying an additional 5,894 shares during the period. Finally, Deutsche Bank AG lifted its stake in shares of eGain by 7.7% in the fourth quarter. Deutsche Bank AG now owns 38,288 shares of the technology company’s stock valued at $250,000 after buying an additional 2,724 shares during the period. Institutional investors and hedge funds own 77.48% of the company’s stock.

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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