eGain (NASDAQ:EGAN) announced its earnings results on Thursday. The technology company reported $0.01 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.02) by $0.03, Bloomberg Earnings reports. The business had revenue of $15.59 million for the quarter, compared to the consensus estimate of $15.81 million. The business’s revenue for the quarter was up 6.6% compared to the same quarter last year.
EGAN opened at $8.75 on Friday. eGain has a 1-year low of $2.00 and a 1-year high of $19.05. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of -0.75.
EGAN has been the subject of a number of recent analyst reports. ValuEngine upgraded shares of eGain from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, May 23rd. Roth Capital upped their price target on shares of eGain from $11.00 to $16.00 and gave the stock a “buy” rating in a research report on Thursday, June 7th. Zacks Investment Research upgraded shares of eGain from a “hold” rating to a “strong-buy” rating and set a $15.00 price target for the company in a research report on Friday, June 22nd. Needham & Company LLC initiated coverage on shares of eGain in a research report on Wednesday, July 18th. They issued a “buy” rating and a $16.00 price target for the company. Finally, BidaskClub lowered shares of eGain from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, August 1st. One equities research analyst has rated the stock with a hold rating and seven have issued a buy rating to the company. eGain has an average rating of “Buy” and an average price target of $12.60.
A hedge fund recently raised its stake in eGain stock. Bank of New York Mellon Corp grew its position in eGain Corp (NASDAQ:EGAN) by 42.3% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 109,164 shares of the technology company’s stock after purchasing an additional 32,444 shares during the quarter. Bank of New York Mellon Corp owned approximately 0.40% of eGain worth $1,649,000 as of its most recent filing with the Securities and Exchange Commission (SEC). Hedge funds and other institutional investors own 70.83% of the company’s stock.
eGain Company Profile
eGain Corporation provides cloud-based customer engagement software solutions worldwide. The company offers eGain software suite, including eGain Mobile for businesses to offer engagement options in the eGain suite to mobile users. It also provides Web applications comprising eGain Offers that helps businesses engage visitors on the company Website and Facebook fan pages; eGain Virtual Assistant that enables conversational automation to engage customers across digital touch points; eGain Cobrowse that enables phone and chat reps to show customers around the Website, help locate information, and hand-hold them during complex tasks; eGain Super Chat for Website visitors to conduct chats with agents; eGain ClickToCall provides Website visitors the ability to request a callback; and eGain SelfService to support customer self-service options.
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