eGain (NASDAQ:EGAN) Price Target Raised to $7.00

eGain (NASDAQ:EGAN) had its price target lifted by Craig Hallum from $6.00 to $7.00 in a research note published on Friday, Benzinga reports. The firm currently has a hold rating on the technology company’s stock.

eGain Stock Down 9.9 %

Shares of NASDAQ:EGAN opened at $5.03 on Friday. eGain has a fifty-two week low of $5.02 and a fifty-two week high of $8.52. The firm’s 50-day simple moving average is $6.84 and its 200-day simple moving average is $6.44. The company has a market cap of $150.04 million, a price-to-earnings ratio of 17.96, a PEG ratio of 1.64 and a beta of 0.45.

Hedge Funds Weigh In On eGain

Large investors have recently modified their holdings of the business. Dimensional Fund Advisors LP boosted its stake in shares of eGain by 0.3% in the second quarter. Dimensional Fund Advisors LP now owns 681,737 shares of the technology company’s stock valued at $4,301,000 after buying an additional 1,752 shares in the last quarter. BNP Paribas Financial Markets boosted its position in shares of eGain by 7.0% during the 1st quarter. BNP Paribas Financial Markets now owns 43,377 shares of the technology company’s stock worth $280,000 after purchasing an additional 2,852 shares in the last quarter. Sei Investments Co. grew its stake in shares of eGain by 2.1% during the 2nd quarter. Sei Investments Co. now owns 163,132 shares of the technology company’s stock worth $1,029,000 after purchasing an additional 3,384 shares during the period. Vanguard Group Inc. increased its holdings in shares of eGain by 0.5% in the 1st quarter. Vanguard Group Inc. now owns 2,068,063 shares of the technology company’s stock valued at $13,339,000 after purchasing an additional 10,179 shares in the last quarter. Finally, GSA Capital Partners LLP lifted its stake in shares of eGain by 15.3% in the first quarter. GSA Capital Partners LLP now owns 83,764 shares of the technology company’s stock valued at $540,000 after purchasing an additional 11,084 shares during the period. 53.94% of the stock is owned by hedge funds and other institutional investors.

About eGain

eGain Corporation develops, licenses, implements, and supports customer service infrastructure software solutions in North America, Europe, the Middle East, Africa, and the Asia Pacific. It provides eGain Knowledge Hub, which helps businesses to centralize knowledge, policies, procedures, situational expertise, best-practices, while delivering guided, and personalized solutions to customers and agents; eGain Conversation Hub for digital-first, omnichannel interaction management within a modern, purpose-built desktop; and eGain Analytics Hub enables clients to measure, manage, and optimize omnichannel service operations and knowledge.