StockNews.com Downgrades eGain (NASDAQ:EGAN) to Buy

eGain (NASDAQ:EGAN) was downgraded by StockNews.com from a “strong-buy” rating to a “buy” rating in a note issued to investors on Monday.

Several other research firms have also issued reports on EGAN. Craig Hallum upped their price target on shares of eGain from $6.00 to $7.00 and gave the company a “hold” rating in a research report on Friday. Roth Mkm restated a “buy” rating and set a $12.00 price target on shares of eGain in a research report on Friday.

eGain Stock Performance

EGAN traded down $0.55 during trading on Monday, reaching $5.03. The stock had a trading volume of 221,614 shares, compared to its average volume of 89,584. The stock has a market cap of $150.04 million, a PE ratio of 17.96, a PEG ratio of 1.64 and a beta of 0.45. eGain has a one year low of $5.02 and a one year high of $8.52. The business has a 50-day moving average of $6.84 and a 200-day moving average of $6.44.

Institutional Trading of eGain

A number of institutional investors have recently modified their holdings of EGAN. BNP Paribas Financial Markets boosted its holdings in shares of eGain by 100.5% during the fourth quarter. BNP Paribas Financial Markets now owns 40,525 shares of the technology company’s stock worth $338,000 after purchasing an additional 20,315 shares during the period. Hillsdale Investment Management Inc. bought a new stake in eGain during the 4th quarter valued at approximately $706,000. Trexquant Investment LP boosted its position in eGain by 27.9% during the 4th quarter. Trexquant Investment LP now owns 55,101 shares of the technology company’s stock valued at $459,000 after acquiring an additional 12,027 shares in the last quarter. Worth Venture Partners LLC bought a new stake in eGain during the 4th quarter valued at approximately $286,000. Finally, GSA Capital Partners LLP boosted its position in eGain by 15.3% during the 1st quarter. GSA Capital Partners LLP now owns 83,764 shares of the technology company’s stock valued at $540,000 after acquiring an additional 11,084 shares in the last quarter. 53.94% of the stock is currently owned by hedge funds and other institutional investors.

eGain Company Profile

eGain Corporation develops, licenses, implements, and supports customer service infrastructure software solutions in North America, Europe, the Middle East, Africa, and the Asia Pacific. It provides eGain Knowledge Hub, which helps businesses to centralize knowledge, policies, procedures, situational expertise, best-practices, while delivering guided, and personalized solutions to customers and agents; eGain Conversation Hub for digital-first, omnichannel interaction management within a modern, purpose-built desktop; and eGain Analytics Hub enables clients to measure, manage, and optimize omnichannel service operations and knowledge.