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.
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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