Zacks Investment Research Lowers eGain Corp. (EGAN) to Hold

Zacks Investment Research cut shares of eGain Corp. (NASDAQ:EGAN) from a strong-buy rating to a hold rating in a 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. “

EGAN has been the subject of a number of other reports. Benchmark Co. reduced their price target on shares of eGain Corp. from $4.00 to $3.50 and set a hold rating for the company in a research report on Friday, September 9th. Ladenburg Thalmann raised shares of eGain Corp. from a neutral rating to a buy rating in a research report on Friday, September 9th.

Shares of eGain Corp. (NASDAQ:EGAN) opened at 2.91 on Wednesday. The firm’s market capitalization is $78.88 million. The company has a 50-day moving average of $3.02 and a 200 day moving average of $3.12. eGain Corp. has a 12-month low of $2.12 and a 12-month high of $5.00.

eGain Corp. (NASDAQ:EGAN) last posted its quarterly earnings results on Thursday, September 8th. The company reported $0.05 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.03) by $0.08. The company earned $17.60 million during the quarter, compared to analysts’ expectations of $17.48 million. eGain Corp.’s revenue for the quarter was up 2.9% compared to the same quarter last year. During the same period 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.

An institutional investor recently raised its position in eGain Corp. stock. Renaissance Technologies LLC increased its position in eGain Corp. (NASDAQ:EGAN) by 14.5% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 43,500 shares of the company’s stock after buying an additional 5,500 shares during the period. Renaissance Technologies LLC owned approximately 0.16% of eGain Corp. worth $154,000 as of its most recent SEC filing. Hedge funds and other institutional investors own 55.38% of the company’s stock.

eGain Corp. Company Profile

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.

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