Analysts forecast that eGain Corp (NASDAQ:EGAN) will post earnings of ($0.01) per share for the current quarter, according to Zacks Investment Research. Two analysts have issued estimates for eGain’s earnings. eGain posted earnings per share of ($0.09) during the same quarter last year, which would indicate a positive year over year growth rate of 88.9%. The business is scheduled to issue its next earnings report on Wednesday, May 9th.

According to Zacks, analysts expect that eGain will report full-year earnings of ($0.13) per share for the current year, with EPS estimates ranging from ($0.17) to ($0.06). For the next fiscal year, analysts forecast that the firm will report earnings of ($0.10) per share, with EPS estimates ranging from ($0.16) to ($0.01). Zacks Investment Research’s EPS averages are an average based on a survey of research firms that that provide coverage for eGain.

eGain (NASDAQ:EGAN) last issued its quarterly earnings data on Thursday, February 8th. The technology company reported $0.02 earnings per share for the quarter, topping the consensus estimate of ($0.01) by $0.03. The business had revenue of $15.40 million during the quarter, compared to analyst estimates of $14.74 million. eGain’s revenue for the quarter was up 2.7% compared to the same quarter last year. During the same quarter last year, the firm earned ($0.04) EPS.

Several equities research analysts recently issued reports on the stock. Benchmark raised shares of eGain from a “hold” rating to a “buy” rating and set a $8.00 price target on the stock in a report on Friday. Roth Capital assumed coverage on shares of eGain in a report on Wednesday, January 17th. They set a “buy” rating and a $8.00 price target on the stock. ValuEngine lowered shares of eGain from a “hold” rating to a “sell” rating in a report on Friday, December 1st. Zacks Investment Research downgraded shares of eGain from a “buy” rating to a “hold” rating in a research report on Monday, November 20th. Finally, Dougherty & Co reiterated 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 assigned a hold rating and four have given a buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $6.00.

In other news, CFO Eric Smit sold 7,500 shares of the company’s stock in a transaction on Tuesday, January 30th. The shares were sold at an average price of $5.47, for a total value of $41,025.00. Following the completion of the sale, the chief financial officer now owns 259,262 shares in the company, valued at approximately $1,418,163.14. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In the last quarter, insiders sold 27,500 shares of company stock valued at $140,925. Company insiders own 39.00% of the company’s stock.

Several institutional investors have recently made changes to their positions in EGAN. Oaktop Capital Management II L.P. raised its stake 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 valued at $6,849,000 after purchasing an additional 500,000 shares in the last quarter. PenderFund Capital Management Ltd. bought a new position in eGain during the fourth quarter valued at approximately $223,000. Acadian Asset Management LLC grew its holdings in shares of eGain by 1,584.3% in the fourth quarter. Acadian Asset Management LLC now owns 35,674 shares of the technology company’s stock worth $187,000 after purchasing an additional 33,556 shares during the last quarter. Finally, Alambic Investment Management L.P. bought a new position in shares of eGain in the fourth quarter worth approximately $121,000. 51.39% of the stock is currently owned by hedge funds and other institutional investors.

Shares of eGain (EGAN) traded up $0.40 during trading on Friday, hitting $5.60. 268,109 shares of the company traded hands, compared to its average volume of 167,415. The company has a market cap of $139.02, a price-to-earnings ratio of -37.66 and a beta of 0.05. The company has a quick ratio of 0.61, a current ratio of 0.61 and a debt-to-equity ratio of -0.91. eGain has a 12 month low of $1.30 and a 12 month high of $6.50.

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eGain Company Profile

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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