Zacks Investment Research upgraded shares of eGain Corporation (NASDAQ:EGAN) from a hold rating to a buy rating in a research note issued to investors on Wednesday. The firm currently has $4.00 price objective on the technology company’s stock.

According to Zacks, “eGain Corporation provides customer engagement solutions. It offers web customer interaction applications, social customer interaction applications and contact center applications. The company also provides consulting, implementation and training services as well as maintenance and support services. eGain Corporation, formerly known as eGain Communications Corporation, is headquartered in Sunnyvale, California. “

Separately, Craig Hallum upgraded eGain from a hold rating to a buy rating and set a $4.00 target price for the company in a research note on Monday, October 2nd.

eGain (NASDAQ:EGAN) opened at $3.50 on Wednesday. The company has a debt-to-equity ratio of -0.91, a quick ratio of 0.61 and a current ratio of 0.61. eGain has a 12 month low of $1.30 and a 12 month high of $3.84.

eGain (NASDAQ:EGAN) last issued its earnings results on Wednesday, November 8th. The technology company reported ($0.02) EPS for the quarter, beating analysts’ consensus estimates of ($0.06) by $0.04. The firm had revenue of $14.58 million during the quarter, compared to analyst estimates of $14.38 million. The business’s revenue for the quarter was down 1.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.09) earnings per share. equities analysts anticipate that eGain will post -0.16 EPS for the current fiscal year.

A hedge fund recently raised its stake in eGain stock. Renaissance Technologies LLC boosted its stake in shares of eGain Corporation (NASDAQ:EGAN) by 32.5% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 129,100 shares of the technology company’s stock after acquiring an additional 31,700 shares during the quarter. Renaissance Technologies LLC owned 0.48% of eGain worth $187,000 as of its most recent SEC filing. Institutional investors own 48.28% of the company’s stock.

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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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