eGain Corp (EGAN) Receives Consensus Rating of “Buy” from Analysts

eGain Corp (NASDAQ:EGAN) has earned an average rating of “Buy” from the six analysts that are presently covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation and four have given a buy recommendation to the company. The average 1 year price objective among analysts that have covered the stock in the last year is $14.00.

Several research analysts have recently commented on EGAN shares. Roth Capital reiterated a “buy” rating on shares of eGain in a report on Friday, February 8th. BidaskClub lowered eGain from a “sell” rating to a “strong sell” rating in a report on Wednesday, April 3rd. Finally, Zacks Investment Research lowered eGain from a “buy” rating to a “hold” rating in a report on Thursday, April 11th.

In other eGain news, Director Brett A. Shockley sold 48,684 shares of the business’s stock in a transaction dated Tuesday, February 19th. The shares were sold at an average price of $11.56, for a total transaction of $562,787.04. Following the sale, the director now directly owns 1,316 shares in the company, valued at $15,212.96. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Eric Smit sold 4,000 shares of the business’s stock in a transaction dated Friday, February 8th. The stock was sold at an average price of $9.50, for a total transaction of $38,000.00. Following the sale, the chief financial officer now owns 142,187 shares in the company, valued at $1,350,776.50. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 142,208 shares of company stock worth $1,630,075. 38.60% of the stock is owned by insiders.

A number of large investors have recently modified their holdings of EGAN. AQR Capital Management LLC increased its stake in 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. Vanguard Group Inc grew its position 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 buying an additional 611,577 shares in the last quarter. Vanguard Group Inc. grew its position 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 buying an additional 611,577 shares in the last quarter. Dimensional Fund Advisors LP grew its position in shares of eGain by 167.1% during the third quarter. Dimensional Fund Advisors LP now owns 474,599 shares of the technology company’s stock worth $3,844,000 after buying an additional 296,896 shares in the last quarter. Finally, Bank of Montreal Can grew 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 buying an additional 161,585 shares in the last quarter. Institutional investors own 77.48% of the company’s stock.

Shares of NASDAQ EGAN traded down $0.40 during trading on Friday, hitting $9.86. 9,999 shares of the company were exchanged, compared to its average volume of 263,636. eGain has a 12-month low of $5.40 and a 12-month high of $19.05. The firm has a market cap of $289.60 million, a PE ratio of 92.82, a P/E/G ratio of 2.62 and a beta of 0.51.

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

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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