eGain Corporation (NASDAQ:EGAN) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report issued on Monday.

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 Corporation from a “hold” rating to a “buy” rating and set a $4.00 target price on the stock in a research note on Monday, October 2nd.

eGain Corporation (EGAN) opened at $3.52 on Monday. The company has a debt-to-equity ratio of -0.91, a current ratio of 0.61 and a quick ratio of 0.61. eGain Corporation has a one year low of $1.30 and a one year high of $3.84.

eGain Corporation (NASDAQ:EGAN) last announced its earnings results on Wednesday, November 8th. The technology company reported ($0.02) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.06) by $0.04. The business had revenue of $14.58 million during the quarter, compared to the consensus estimate of $14.38 million. eGain Corporation’s revenue was down 1.2% compared to the same quarter last year. During the same quarter in the prior year, the company earned ($0.09) earnings per share. equities research analysts predict that eGain Corporation will post -0.21 EPS for the current year.

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A hedge fund recently bought a new stake in eGain Corporation stock. Oaktop Capital Management II L.P. acquired a new position in eGain Corporation (NASDAQ:EGAN) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 2,036,843 shares of the technology company’s stock, valued at approximately $3,361,000. eGain Corporation makes up 0.6% of Oaktop Capital Management II L.P.’s investment portfolio, making the stock its 17th biggest holding. Oaktop Capital Management II L.P. owned 7.51% of eGain Corporation at the end of the most recent quarter. Institutional investors and hedge funds own 48.28% of the company’s stock.

About eGain Corporation

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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