A number of other equities research analysts have also recently commented on the stock. BidaskClub upgraded shares of eGain from a “strong sell” rating to a “sell” rating in a report on Friday, May 17th. Zacks Investment Research cut shares of eGain from a “buy” rating to a “hold” rating in a report on Monday, April 29th. Finally, Craig Hallum cut shares of eGain from a “buy” rating to a “hold” rating and reduced their price target for the stock from $12.00 to $10.00 in a report on Thursday, May 9th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $11.83.
NASDAQ EGAN traded down $0.18 during mid-day trading on Monday, reaching $7.96. 116,032 shares of the stock were exchanged, compared to its average volume of 289,437. eGain has a one year low of $5.40 and a one year high of $19.05. The company has a 50 day moving average of $8.24. The stock has a market cap of $241.33 million, a PE ratio of 54.27, a P/E/G ratio of 1.70 and a beta of 0.66.
In other news, CFO Eric Smit sold 5,000 shares of eGain stock in a transaction dated Tuesday, April 30th. The shares were sold at an average price of $9.97, for a total transaction of $49,850.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, SVP Promod Narang sold 22,650 shares of eGain stock in a transaction dated Thursday, June 6th. The shares were sold at an average price of $8.03, for a total transaction of $181,879.50. Following the transaction, the senior vice president now owns 320,118 shares of the company’s stock, valued at $2,570,547.54. The disclosure for this sale can be found here. Insiders sold 33,650 shares of company stock valued at $280,090 over the last 90 days. Corporate insiders own 38.60% of the company’s stock.
A number of institutional investors have recently added to or reduced their stakes in the stock. Cortina Asset Management LLC boosted its holdings in eGain by 78.1% during the second quarter. Cortina Asset Management LLC now owns 585,565 shares of the technology company’s stock worth $4,766,000 after purchasing an additional 256,783 shares during the last quarter. Marshall Wace North America L.P. bought a new stake in eGain in the first quarter worth about $114,000. Marshall Wace LLP bought a new stake in eGain in the first quarter worth about $2,139,000. Formula Growth Ltd. bought a new stake in eGain in the first quarter worth about $836,000. Finally, Granite Investment Partners LLC raised its position in eGain by 87.2% in the first quarter. Granite Investment Partners LLC now owns 197,617 shares of the technology company’s stock worth $2,065,000 after acquiring an additional 92,025 shares during the period. Institutional investors and hedge funds own 78.61% of the company’s stock.
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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