BidaskClub downgraded shares of eGain (NASDAQ:EGAN) from a strong-buy rating to a buy rating in a research note issued to investors on Thursday, August 23rd.

A number of other equities research analysts have also weighed in on EGAN. Zacks Investment Research lowered shares of eGain from a strong-buy rating to a hold rating in a report on Tuesday, July 10th. ValuEngine upgraded shares of eGain from a hold rating to a buy rating in a report on Wednesday, May 2nd. Roth Capital boosted their price objective on shares of eGain from $11.00 to $16.00 and gave the stock a buy rating in a report on Thursday, June 7th. Needham & Company LLC initiated coverage on shares of eGain in a report on Wednesday, July 18th. They issued a buy rating and a $16.00 price objective for the company. Finally, Benchmark upped their price target on shares of eGain from $8.00 to $12.00 and gave the company a buy rating in a report on Tuesday, May 8th. One analyst has rated the stock with a hold rating and seven have given a buy rating to the company. eGain currently has a consensus rating of Buy and a consensus price target of $12.60.

NASDAQ:EGAN traded up $0.35 during mid-day trading on Thursday, hitting $7.90. 841,052 shares of the stock traded hands, compared to its average volume of 613,590. eGain has a 12-month low of $2.40 and a 12-month high of $19.05. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of -0.75.

eGain (NASDAQ:EGAN) last announced its earnings results on Thursday, September 6th. The technology company reported $0.01 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.02) by $0.03. The company had revenue of $15.59 million for the quarter, compared to the consensus estimate of $15.81 million. The company’s revenue was up 6.6% compared to the same quarter last year. research analysts expect that eGain will post -0.03 earnings per share for the current fiscal year.

Institutional investors have recently modified their holdings of the business. Barclays PLC purchased a new position in eGain during the 1st quarter valued at $105,000. Engineers Gate Manager LP purchased a new position in eGain during the 1st quarter valued at $152,000. Ausdal Financial Partners Inc. purchased a new position in eGain during the 2nd quarter valued at $156,000. Cubist Systematic Strategies LLC purchased a new position in eGain during the 2nd quarter valued at $162,000. Finally, Ramsey Quantitative Systems increased its position in eGain by 216.3% during the 2nd quarter. Ramsey Quantitative Systems now owns 12,012 shares of the technology company’s stock valued at $181,000 after purchasing an additional 8,214 shares during the period. 70.83% of the stock is currently owned by institutional investors and hedge funds.

eGain Company Profile

eGain Corporation provides cloud-based customer engagement software solutions worldwide. The company offers eGain software suite, including eGain Mobile for businesses to offer engagement options in the eGain suite to mobile users. It also provides Web applications comprising eGain Offers that helps businesses engage visitors on the company Website and Facebook fan pages; eGain Virtual Assistant that enables conversational automation to engage customers across digital touch points; eGain Cobrowse that enables phone and chat reps to show customers around the Website, help locate information, and hand-hold them during complex tasks; eGain Super Chat for Website visitors to conduct chats with agents; eGain ClickToCall provides Website visitors the ability to request a callback; and eGain SelfService to support customer self-service options.

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Analyst Recommendations for eGain (NASDAQ:EGAN)

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