EGAN has been the topic of a number of other reports. Roth Capital reaffirmed a buy rating on shares of eGain in a research note on Friday, February 8th. Zacks Investment Research raised eGain from a hold rating to a strong-buy rating and set a $9.50 price target on the stock in a research note on Monday, May 13th. Craig Hallum cut eGain from a buy rating to a hold rating and decreased their price target for the stock from $12.00 to $10.00 in a research note on Thursday, May 9th. Finally, ValuEngine cut eGain from a buy rating to a hold rating in a research note on Thursday, April 18th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, two have issued a buy rating and one has given a strong buy rating to the company’s stock. The company presently has an average rating of Buy and a consensus target price of $12.88.
Shares of NASDAQ EGAN traded down $0.26 during trading hours on Friday, reaching $8.54. 277,546 shares of the stock traded hands, compared to its average volume of 224,704. The stock has a market cap of $266.80 million, a price-to-earnings ratio of 58.67, a P/E/G ratio of 1.83 and a beta of 0.46. eGain has a 52-week low of $5.40 and a 52-week high of $19.05.
In other eGain news, Director Brett A. Shockley sold 48,684 shares of eGain stock in a transaction that occurred on Tuesday, February 19th. The stock was sold at an average price of $11.56, for a total value of $562,787.04. Following the transaction, the director now directly owns 1,316 shares of the company’s stock, valued at approximately $15,212.96. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Promod Narang sold 15,000 shares of eGain stock in a transaction that occurred on Thursday, February 21st. The stock was sold at an average price of $11.90, for a total value of $178,500.00. Following the completion of the transaction, the senior vice president now directly owns 15,000 shares in the company, valued at $178,500. The disclosure for this sale can be found here. Insiders sold a total of 142,208 shares of company stock worth $1,634,785 over the last ninety days. Insiders own 38.60% of the company’s stock.
A number of institutional investors have recently made changes to their positions in the business. California State Teachers Retirement System increased its stake in eGain by 4.7% in the 1st quarter. California State Teachers Retirement System now owns 28,328 shares of the technology company’s stock worth $296,000 after purchasing an additional 1,278 shares during the period. Deutsche Bank AG grew its position in shares of eGain by 7.7% in the 4th quarter. Deutsche Bank AG now owns 38,288 shares of the technology company’s stock worth $250,000 after buying an additional 2,724 shares during the last quarter. Quantamental Technologies LLC bought a new stake in shares of eGain in the 1st quarter worth approximately $31,000. BNP Paribas Arbitrage SA grew its position in shares of eGain by 8,721.4% in the 1st quarter. BNP Paribas Arbitrage SA now owns 3,705 shares of the technology company’s stock worth $39,000 after buying an additional 3,663 shares during the last quarter. Finally, Optimum Investment Advisors bought a new stake in shares of eGain in the 1st quarter worth approximately $52,000. 78.01% of the stock is currently owned by institutional investors and hedge funds.
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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