33,676 Shares in eGain Corp (EGAN) Acquired by Suffolk Capital Management LLC

Suffolk Capital Management LLC bought a new stake in eGain Corp (NASDAQ:EGAN) during the 3rd quarter, HoldingsChannel.com reports. The institutional investor bought 33,676 shares of the technology company’s stock, valued at approximately $273,000.

Other large investors have also recently modified their holdings of the company. Ausdal Financial Partners Inc. acquired a new stake in eGain in the second quarter valued at approximately $156,000. Cubist Systematic Strategies LLC acquired a new stake in eGain in the second quarter valued at approximately $162,000. Ramsey Quantitative Systems raised its holdings in eGain by 216.3% in the second quarter. Ramsey Quantitative Systems now owns 12,012 shares of the technology company’s stock valued at $181,000 after acquiring an additional 8,214 shares in the last quarter. Raymond James Financial Services Advisors Inc. acquired a new stake in eGain in the second quarter valued at approximately $254,000. Finally, Rhumbline Advisers acquired a new stake in eGain in the second quarter valued at approximately $256,000. 71.97% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NASDAQ:EGAN opened at $6.90 on Friday. eGain Corp has a fifty-two week low of $3.40 and a fifty-two week high of $19.05. The company has a market capitalization of $192.31 million, a P/E ratio of 230.00, a PEG ratio of 23.00 and a beta of -0.05.

eGain (NASDAQ:EGAN) last released its quarterly earnings data on Thursday, September 6th. The technology company reported $0.01 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.02) by $0.03. eGain had a negative net margin of 1.31% and a negative return on equity of 11.80%. The company had revenue of $15.59 million for the quarter, compared to analysts’ expectations of $15.81 million. The company’s revenue was up 6.6% on a year-over-year basis. Equities analysts forecast that eGain Corp will post 0.01 EPS for the current year.

Several analysts recently weighed in on the stock. Zacks Investment Research raised shares of eGain from a “hold” rating to a “strong-buy” rating and set a $9.25 target price on the stock in a report on Friday, November 16th. BidaskClub cut shares of eGain from a “strong-buy” rating to a “buy” rating in a report on Wednesday, August 1st. Finally, ValuEngine cut shares of eGain from a “strong-buy” rating to a “buy” rating in a report on Thursday, August 2nd. Six investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $13.31.

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eGain Company Profile

eGain Corporation operates as a software-as-a service provider of customer engagement solutions in the United States, the United Kingdom, India, and internationally. It provides eGain solution, a unified cloud software solution to automate, augment, and orchestrate customer engagement, including digital-first, Omni channel desktop, artificial intelligence (AI) and knowledge, and analytics and machine learning applications, as well as platform APIs and pre-built third-party connectors.

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Institutional Ownership by Quarter for eGain (NASDAQ:EGAN)

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