eGain (NASDAQ:EGAN) Posts Quarterly Earnings Results, Beats Expectations By $0.02 EPS

eGain (NASDAQ:EGAN) issued its quarterly earnings data on Thursday. The technology company reported $0.05 earnings per share for the quarter, topping the consensus estimate of $0.03 by $0.02, Zacks reports. eGain had a net margin of 41.68% and a return on equity of 12.56%.

eGain Stock Performance

Shares of NASDAQ EGAN traded down $0.12 during midday trading on Thursday, reaching $7.11. The stock had a trading volume of 225,947 shares, compared to its average volume of 207,774. The company has a market capitalization of $195.17 million, a price-to-earnings ratio of 5.15 and a beta of 0.83. eGain has a 12-month low of $5.94 and a 12-month high of $15.95. The stock has a 50-day moving average of $6.89 and a 200-day moving average of $7.60.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the company. Caitong International Asset Management Co. Ltd purchased a new stake in eGain in the 4th quarter worth $41,000. BNP Paribas Financial Markets raised its holdings in eGain by 29.3% during the third quarter. BNP Paribas Financial Markets now owns 6,317 shares of the technology company’s stock valued at $55,000 after acquiring an additional 1,432 shares during the period. Kestra Advisory Services LLC purchased a new position in shares of eGain in the fourth quarter valued at about $63,000. Kemnay Advisory Services Inc. purchased a new position in shares of eGain in the fourth quarter valued at about $65,000. Finally, NewEdge Advisors LLC bought a new position in shares of eGain in the third quarter worth about $106,000. Institutional investors own 53.94% of the company’s stock.

Wall Street Analyst Weigh In

EGAN has been the topic of several analyst reports. Weiss Ratings reiterated a “hold (c)” rating on shares of eGain in a research note on Friday, August 7th. Wall Street Zen lowered eGain from a “buy” rating to a “hold” rating in a research note on Saturday, May 16th. One equities research analyst has rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $15.25.

eGain Company Profile

eGain Incorporated (NASDAQ: EGAN) is a software company specializing in cloud-based customer engagement solutions. Its platform integrates knowledge management, analytics, and artificial intelligence to help organizations streamline customer service across digital channels. By centralizing information and automating routine interactions, eGain aims to improve agent productivity, reduce response times, and deliver consistent customer experiences.

The company’s product suite includes tools for knowledge authoring and delivery, AI-powered chatbots, case management, and predictive analytics.