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

eGain Corp (NASDAQ:EGAN) has earned a consensus rating of “Buy” from the six analysts that are covering the firm, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, one has issued a hold recommendation and four have issued a buy recommendation on the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $6.67.

Several analysts have recently weighed in on EGAN shares. Zacks Investment Research cut eGain from a “buy” rating to a “hold” rating in a report on Monday, November 20th. ValuEngine cut eGain from a “hold” rating to a “sell” rating in a report on Friday, December 1st. Dougherty & Co reiterated a “buy” rating on shares of eGain in a report on Monday, December 18th. Roth Capital initiated coverage on eGain in a report on Wednesday, January 17th. They issued a “buy” rating and a $8.00 target price on the stock. Finally, Benchmark upgraded eGain from a “hold” rating to a “buy” rating and set a $8.00 target price on the stock in a report on Friday.

In related news, CFO Eric Smit sold 7,500 shares of the company’s stock in a transaction that occurred on Wednesday, December 20th. The stock was sold at an average price of $5.00, for a total value of $37,500.00. Following the sale, the chief financial officer now directly owns 276,303 shares in the company, valued at $1,381,515. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders sold 27,500 shares of company stock worth $140,925 over the last quarter. 39.00% of the stock is currently owned by company insiders.

Hedge funds have recently made changes to their positions in the stock. Alambic Investment Management L.P. bought a new stake in eGain in the fourth quarter valued at approximately $121,000. Acadian Asset Management LLC boosted its holdings in eGain by 1,584.3% in the fourth quarter. Acadian Asset Management LLC now owns 35,674 shares of the technology company’s stock valued at $187,000 after acquiring an additional 33,556 shares during the last quarter. PenderFund Capital Management Ltd. bought a new stake in eGain in the fourth quarter valued at approximately $223,000. Virtu Financial LLC boosted its holdings in eGain by 87.1% in the fourth quarter. Virtu Financial LLC now owns 52,773 shares of the technology company’s stock valued at $277,000 after acquiring an additional 24,574 shares during the last quarter. Finally, Royce & Associates LP bought a new stake in eGain in the fourth quarter valued at approximately $500,000. Institutional investors and hedge funds own 51.39% of the company’s stock.

Shares of eGain (NASDAQ EGAN) opened at $5.60 on Friday. The firm has a market capitalization of $141.74, a PE ratio of -40.00 and a beta of 0.05. The company has a debt-to-equity ratio of -0.91, a quick ratio of 0.61 and a current ratio of 0.61. eGain has a twelve month low of $1.30 and a twelve month high of $6.50.

eGain (NASDAQ:EGAN) last released its quarterly earnings results on Thursday, February 8th. The technology company reported $0.02 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.01) by $0.03. The firm had revenue of $15.40 million for the quarter, compared to the consensus estimate of $14.74 million. The business’s revenue for the quarter was up 2.7% on a year-over-year basis. During the same quarter last year, the firm posted ($0.04) earnings per share. research analysts anticipate that eGain will post -0.13 EPS for the current year.

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About eGain

eGain Corporation (eGain) provides cloud-based and on-site customer engagement software solutions. The Company optimizes service processes across the Web, social and phone channels. The Company’s solutions help business to consumer (B2C) businesses to operationalize digital customer engagement strategies.

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