Zacks Investment Research cut shares of eGain Corp. (NASDAQ:EGAN) from a strong-buy rating to a hold rating in a research report report published on Wednesday.
According to Zacks, “eGain Corporation provides customer engagement solutions. It offers web customer interaction applications, social customer interaction applications and contact center applications. The company also provides consulting, implementation and training services as well as maintenance and support services. eGain Corporation, formerly known as eGain Communications Corporation, is headquartered in Sunnyvale, California. “
A number of other brokerages also recently commented on EGAN. Ladenburg Thalmann raised shares of eGain Corp. from a neutral rating to a buy rating in a research report on Friday, September 9th. Benchmark Co. dropped their price objective on shares of eGain Corp. from $4.00 to $3.50 and set a hold rating on the stock in a research report on Friday, September 9th.
eGain Corp. (NASDAQ:EGAN) opened at 2.90 on Wednesday. The company’s 50-day moving average is $3.01 and its 200-day moving average is $3.11. eGain Corp. has a 52-week low of $2.12 and a 52-week high of $5.00. The firm’s market capitalization is $78.61 million.
eGain Corp. (NASDAQ:EGAN) last released its earnings results on Thursday, September 8th. The company reported $0.05 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.03) by $0.08. The business had revenue of $17.60 million for the quarter, compared to analyst estimates of $17.48 million. eGain Corp.’s quarterly revenue was up 2.9% compared to the same quarter last year. During the same quarter last year, the company earned ($0.11) earnings per share. On average, analysts predict that eGain Corp. will post ($0.20) EPS for the current year.
A hedge fund recently bought a new stake in eGain Corp. stock. Bank of Montreal Can bought a new position in shares of eGain Corp. (NASDAQ:EGAN) during the second quarter, according to its most recent 13F filing with the SEC. The fund bought 8,405,591 shares of the company’s stock, valued at approximately $23,704,000. Bank of Montreal Can owned 31.03% of eGain Corp. as of its most recent SEC filing. Institutional investors and hedge funds own 55.38% of the company’s stock.
About eGain Corp.
eGain Corporation (eGain) provides cloud-based and on-site customer engagement software solutions. The Company is engaged in the development, license, implementation and support of customer service infrastructure software solutions. The Company optimizes service processes across the Web, social and phone channels.