eGain Corp. (NASDAQ:EGAN)’s share price hit a new 52-week low during trading on Wednesday . The stock traded as low as $2.61 and last traded at $2.70, with a volume of 15,676 shares trading hands. The stock had previously closed at $2.83.

A number of equities analysts have commented on the stock. Zacks Investment Research cut shares of eGain Corp. from a “buy” rating to a “hold” rating in a research note on Wednesday. Ladenburg Thalmann cut shares of eGain Corp. from a “buy” rating to a “neutral” rating and set a $3.75 price target for the company. in a research note on Monday, May 9th. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $4.25.

The firm’s market capitalization is $73.96 million. The stock’s 50 day moving average price is $3.09 and its 200 day moving average price is $3.63.

eGain Corp. (NASDAQ:EGAN) last issued its quarterly earnings data on Thursday, May 5th. The company reported ($0.11) earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of ($0.11). The business earned $16.30 million during the quarter, compared to the consensus estimate of $16.87 million. eGain Corp.’s revenue for the quarter was down 15.1% on a year-over-year basis. During the same quarter last year, the company earned ($0.09) EPS. Equities analysts forecast that eGain Corp. will post ($0.38) earnings per share for the current fiscal year.

A hedge fund recently bought a new stake in eGain Corp. stock. Bank of Montreal Can acquired a new stake in eGain Corp. (NASDAQ:EGAN) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 8,405,591 shares of the company’s stock, valued at approximately $35,808,000. Bank of Montreal Can owned about 31.05% of eGain Corp. at the end of the most recent quarter.

eGain Corporation (eGain) provides cloud-based and on-site customer engagement software solutions. The Company is engaged in the development, license, implementation and support of customer service infrastructure software solutions. The Company optimizes service processes across the Web, social and phone channels.

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