eGain Co. (NASDAQ:EGAN) Stock Position Lifted by Seizert Capital Partners LLC

Seizert Capital Partners LLC boosted its stake in eGain Co. (NASDAQ:EGAN) by 99.5% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 38,068 shares of the technology company’s stock after buying an additional 18,989 shares during the quarter. Seizert Capital Partners LLC’s holdings in eGain were worth $194,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Williams & Novak LLC acquired a new position in shares of eGain in the third quarter worth $66,000. BNP Paribas Financial Markets lifted its stake in shares of eGain by 7.0% in the 1st quarter. BNP Paribas Financial Markets now owns 43,377 shares of the technology company’s stock valued at $280,000 after purchasing an additional 2,852 shares during the last quarter. Assenagon Asset Management S.A. boosted its holdings in eGain by 31.3% in the second quarter. Assenagon Asset Management S.A. now owns 62,468 shares of the technology company’s stock worth $394,000 after purchasing an additional 14,893 shares in the last quarter. Sei Investments Co. increased its position in eGain by 2.1% during the second quarter. Sei Investments Co. now owns 163,132 shares of the technology company’s stock worth $1,029,000 after buying an additional 3,384 shares during the last quarter. Finally, Renaissance Technologies LLC raised its holdings in eGain by 3.3% during the second quarter. Renaissance Technologies LLC now owns 643,319 shares of the technology company’s stock valued at $4,059,000 after buying an additional 20,600 shares in the last quarter. Institutional investors and hedge funds own 53.94% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently commented on EGAN. Craig Hallum increased their price objective on eGain from $6.00 to $7.00 and gave the company a “hold” rating in a report on Friday, September 6th. Roth Mkm reaffirmed a “buy” rating and set a $12.00 target price on shares of eGain in a research report on Friday, September 6th. Finally, StockNews.com cut eGain from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, November 12th.

eGain Stock Down 2.6 %

Shares of eGain stock opened at $5.24 on Monday. The stock has a market capitalization of $149.47 million, a P/E ratio of 27.58 and a beta of 0.44. The company has a quick ratio of 1.71, a current ratio of 1.79 and a debt-to-equity ratio of 0.04. The stock has a 50 day moving average price of $5.09 and a two-hundred day moving average price of $6.04. eGain Co. has a 12-month low of $4.71 and a 12-month high of $8.52.

eGain (NASDAQ:EGAN) last announced its earnings results on Thursday, September 5th. The technology company reported $0.05 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.02) by $0.07. eGain had a return on equity of 9.53% and a net margin of 6.45%. The firm had revenue of $22.46 million during the quarter, compared to analysts’ expectations of $21.37 million. Equities analysts expect that eGain Co. will post 0.01 earnings per share for the current year.

eGain Company Profile

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.