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

A number of research analysts recently commented on the company. Zacks Investment Research upgraded eGain Corp. from a “hold” rating to a “buy” rating and set a $3.25 price objective on the stock in a report on Monday. Ladenburg Thalmann cut eGain Corp. from a “buy” rating to a “neutral” rating and set a $3.75 price target on the stock. in a research note on Monday, May 9th. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. eGain Corp. currently has a consensus rating of “Buy” and an average price target of $4.25.

The company has a 50-day moving average price of $3.12 and a 200-day moving average price of $3.64. The stock’s market cap is $74.23 million.

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 Zacks’ consensus estimate of ($0.11). During the same period last year, the business earned ($0.09) earnings per share. The business had revenue of $16.30 million for the quarter, compared to analysts’ expectations of $16.87 million. The company’s revenue for the quarter was down 15.1% on a year-over-year basis. On average, equities analysts predict that eGain Corp. will post ($0.38) EPS for the current fiscal year.

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

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.