eGain (NASDAQ:EGAN) Stock Rating Lowered by TheStreet

eGain (NASDAQ:EGANGet Rating) was downgraded by stock analysts at TheStreet from a “c” rating to a “d+” rating in a research note issued on Wednesday, TheStreetRatingsTable reports.

Several other equities analysts have also recently issued reports on EGAN. Craig Hallum decreased their price objective on eGain from $18.00 to $14.00 and set a “buy” rating for the company in a research note on Friday, September 9th. StockNews.com upgraded eGain from a “buy” rating to a “strong-buy” rating in a research note on Thursday.

eGain Price Performance

Shares of eGain stock opened at $7.48 on Wednesday. The business has a 50-day moving average of $9.00 and a 200 day moving average of $9.87. eGain has a 12 month low of $7.36 and a 12 month high of $13.70. The stock has a market capitalization of $238.84 million, a price-to-earnings ratio of -93.50 and a beta of 0.31.

Hedge Funds Weigh In On eGain

Several hedge funds and other institutional investors have recently made changes to their positions in EGAN. JPMorgan Chase & Co. boosted its stake in shares of eGain by 47.6% in the 2nd quarter. JPMorgan Chase & Co. now owns 1,684,639 shares of the technology company’s stock valued at $16,425,000 after buying an additional 543,228 shares during the period. Disciplined Growth Investors Inc. MN acquired a new stake in shares of eGain during the 1st quarter worth about $4,818,000. Kent Lake Capital LLC acquired a new stake in shares of eGain during the 4th quarter worth about $3,992,000. Bullseye Asset Management LLC raised its position in shares of eGain by 566.7% during the 1st quarter. Bullseye Asset Management LLC now owns 426,622 shares of the technology company’s stock worth $4,940,000 after acquiring an additional 362,628 shares in the last quarter. Finally, Forager Funds Management Pty Ltd acquired a new stake in shares of eGain during the 4th quarter worth about $4,872,000. Hedge funds and other institutional investors own 55.42% of the company’s stock.

About eGain

(Get Rating)

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 unified Knowledge Hub solutions to automate, augment, and orchestrate customer engagement. The company also offers subscription services that provides customers with access to its software on a cloud-based platform; and professional services, such as consulting and implementation, training, and managed services.

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