eGain (EGAN) Coverage Initiated by Analysts at Roth Capital

Roth Capital began coverage on shares of eGain (NASDAQ:EGAN) in a report published on Wednesday, January 17th, Marketbeat Ratings reports. The firm issued a buy rating and a $8.00 price target on the technology company’s stock.

Several other equities research analysts also recently issued reports on EGAN. Zacks Investment Research upgraded shares of eGain from a hold rating to a buy rating and set a $2.75 price objective on the stock in a research note on Tuesday, September 26th. Craig Hallum upgraded shares of eGain from a hold rating to a buy rating and set a $4.00 price objective on the stock in a research note on Monday, October 2nd. ValuEngine cut eGain from a hold rating to a sell rating in a research report on Friday, December 1st. Finally, Dougherty & Co reaffirmed a buy rating on shares of eGain in a research report on Monday, December 18th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and four have issued a buy rating to the stock. The company has an average rating of Buy and an average price target of $6.00.

Shares of eGain (EGAN) traded up $0.40 during mid-day trading on Wednesday, reaching $5.60. The company’s stock had a trading volume of 362,109 shares, compared to its average volume of 124,687. eGain has a one year low of $1.30 and a one year high of $6.50. The company has a debt-to-equity ratio of -0.91, a quick ratio of 0.61 and a current ratio of 0.61. The firm has a market capitalization of $152.64, a P/E ratio of -40.00 and a beta of 0.05.

eGain (NASDAQ:EGAN) last announced its quarterly earnings data on Thursday, February 8th. The technology company reported $0.02 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.01) by $0.03. The company had revenue of $15.40 million during the quarter, compared to analyst estimates of $14.74 million. The company’s revenue was up 2.7% on a year-over-year basis. During the same quarter in the previous year, the business posted ($0.04) EPS. sell-side analysts expect that eGain will post -0.13 earnings per share for the current fiscal year.

In related news, CFO Eric Smit sold 7,500 shares of the firm’s stock in a transaction on Wednesday, December 20th. The stock was sold at an average price of $5.00, for a total value of $37,500.00. Following the completion of the transaction, the chief financial officer now directly owns 276,303 shares of the company’s stock, valued at $1,381,515. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Over the last ninety days, insiders sold 27,500 shares of company stock valued at $140,925. 39.00% of the stock is owned by company insiders.

A number of hedge funds have recently modified their holdings of EGAN. Oaktop Capital Management II L.P. lifted its position in eGain by 24.5% in the third quarter. Oaktop Capital Management II L.P. now owns 2,536,843 shares of the technology company’s stock worth $6,849,000 after purchasing an additional 500,000 shares during the period. Acadian Asset Management LLC lifted its holdings in shares of eGain by 1,584.3% during the fourth quarter. Acadian Asset Management LLC now owns 35,674 shares of the technology company’s stock valued at $187,000 after acquiring an additional 33,556 shares during the period. Alambic Investment Management L.P. bought a new position in shares of eGain during the fourth quarter valued at $121,000. PenderFund Capital Management Ltd. bought a new position in shares of eGain during the fourth quarter valued at $223,000. Finally, Royce & Associates LP bought a new position in shares of eGain during the fourth quarter valued at $500,000. 51.39% of the stock is owned by hedge funds and other institutional investors.

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About eGain

eGain Corporation (eGain) provides cloud-based and on-site customer engagement software solutions. The Company optimizes service processes across the Web, social and phone channels. The Company’s solutions help business to consumer (B2C) businesses to operationalize digital customer engagement strategies.

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