eGain Co. (NASDAQ:EGAN) Short Interest Down 6.6% in October

eGain Co. (NASDAQ:EGAN) was the recipient of a significant decrease in short interest in October. As of October 31st, there was short interest totalling 319,600 shares, a decrease of 6.6% from the October 15th total of 342,300 shares. Based on an average daily volume of 54,100 shares, the days-to-cover ratio is currently 5.9 days. Currently, 1.7% of the shares of the company are short sold.

eGain Stock Down 2.6 %

EGAN stock opened at $5.24 on Monday. eGain has a fifty-two week low of $4.71 and a fifty-two week high of $8.52. The business’s 50-day moving average is $5.09 and its two-hundred day moving average is $6.04. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.71 and a current ratio of 1.79. The company has a market cap of $149.47 million, a price-to-earnings ratio of 27.58 and a beta of 0.44.

eGain (NASDAQ:EGAN) last posted its earnings results on Thursday, September 5th. The technology company reported $0.05 earnings per share for the quarter, beating 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 company had revenue of $22.46 million for the quarter, compared to the consensus estimate of $21.37 million. As a group, analysts forecast that eGain will post 0.01 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of EGAN. BNP Paribas Financial Markets lifted its holdings in eGain by 7.0% in the first quarter. BNP Paribas Financial Markets now owns 43,377 shares of the technology company’s stock valued at $280,000 after acquiring an additional 2,852 shares during the period. Vanguard Group Inc. increased its position in eGain by 0.5% in the first quarter. Vanguard Group Inc. now owns 2,068,063 shares of the technology company’s stock worth $13,339,000 after buying an additional 10,179 shares in the last quarter. Assenagon Asset Management S.A. increased its position 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 buying an additional 14,893 shares in the last quarter. Acadian Asset Management LLC increased its position in eGain by 8.6% in the second quarter. Acadian Asset Management LLC now owns 984,257 shares of the technology company’s stock worth $6,207,000 after buying an additional 78,051 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its position in eGain by 0.3% in the second quarter. Dimensional Fund Advisors LP now owns 681,737 shares of the technology company’s stock worth $4,301,000 after buying an additional 1,752 shares in the last quarter. Institutional investors own 53.94% of the company’s stock.

Analyst Ratings Changes

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

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.