eGain (NASDAQ:EGAN) Share Price Crosses Above 200 Day Moving Average of $0.00

eGain Corp (NASDAQ:EGAN)’s stock price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $0.00 and traded as high as $7.94. eGain shares last traded at $7.88, with a volume of 8,556 shares changing hands.

A number of research analysts recently issued reports on EGAN shares. BidaskClub upgraded eGain from a “hold” rating to a “buy” rating in a report on Thursday, June 20th. Craig Hallum downgraded eGain from a “buy” rating to a “hold” rating and reduced their price target for the company from $12.00 to $10.00 in a report on Thursday, May 9th. ValuEngine downgraded eGain from a “hold” rating to a “sell” rating in a report on Tuesday, July 2nd. Finally, Zacks Investment Research upgraded eGain from a “hold” rating to a “buy” rating and set a $9.00 price target on the stock in a report on Monday, July 8th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $9.50.

The stock’s 50-day moving average is $8.08. The stock has a market capitalization of $234.68 million, a price-to-earnings ratio of 54.00, a P/E/G ratio of 1.93 and a beta of 0.66.

eGain (NASDAQ:EGAN) last posted its quarterly earnings data on Wednesday, May 8th. The technology company reported $0.06 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.01 by $0.05. The business had revenue of $17.00 million for the quarter, compared to analysts’ expectations of $16.60 million. eGain had a return on equity of 225.04% and a net margin of 5.25%. The business’s revenue was up 7.9% on a year-over-year basis. During the same period in the previous year, the firm posted $0.02 EPS. Sell-side analysts forecast that eGain Corp will post 0.16 earnings per share for the current year.

In other eGain news, SVP Promod Narang sold 22,650 shares of eGain stock in a transaction that occurred on Thursday, June 6th. The stock was sold at an average price of $8.03, for a total transaction of $181,879.50. Following the sale, the senior vice president now directly owns 320,118 shares of the company’s stock, valued at approximately $2,570,547.54. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Over the last ninety days, insiders have sold 28,650 shares of company stock worth $230,240. Insiders own 38.60% of the company’s stock.

Institutional investors have recently bought and sold shares of the business. Quantamental Technologies LLC bought a new stake in eGain during the 1st quarter valued at approximately $31,000. BNP Paribas Arbitrage SA boosted its position in eGain by 8,721.4% during the 1st quarter. BNP Paribas Arbitrage SA now owns 3,705 shares of the technology company’s stock valued at $39,000 after acquiring an additional 3,663 shares in the last quarter. Optimum Investment Advisors bought a new stake in eGain during the 1st quarter valued at approximately $52,000. Los Angeles Capital Management & Equity Research Inc. bought a new stake in eGain during the 1st quarter valued at approximately $106,000. Finally, Marshall Wace North America L.P. bought a new stake in eGain during the 1st quarter valued at approximately $114,000. 79.46% of the stock is currently owned by institutional investors and hedge funds.

eGain Company Profile (NASDAQ:EGAN)

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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