eGain Corp. (NASDAQ:EGAN)’s share price hit a new 52-week low during mid-day trading on Thursday . The stock traded as low as $2.46 and last traded at $2.47, with a volume of 11,363 shares trading hands. The stock had previously closed at $2.55.

Several brokerages recently issued reports on EGAN. Zacks Investment Research upgraded shares of eGain Corp. from a “hold” rating to a “buy” rating and set a $4.25 price target on the stock in a research report on Wednesday, April 6th. Ladenburg Thalmann cut shares of eGain Corp. from a “buy” rating to a “neutral” rating and set a $3.75 price objective on the stock. in a report on Monday, May 9th. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. eGain Corp. has an average rating of “Hold” and a consensus price target of $4.25.

The firm has a 50 day moving average price of $3.01 and a 200 day moving average price of $3.54. The firm’s market cap is $66.10 million.

eGain Corp. (NASDAQ:EGAN) last released its earnings results on Thursday, May 5th. The company reported ($0.11) earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of ($0.11). The firm earned $16.30 million during the quarter, compared to the consensus estimate of $16.87 million. During the same quarter last year, the business posted ($0.09) EPS. eGain Corp.’s revenue was down 15.1% compared to the same quarter last year. On average, equities analysts expect that eGain Corp. will post ($0.38) EPS for the current year.

A hedge fund recently bought a new stake in eGain Corp. stock. Bank of Montreal Can bought 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 bought 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. as of its most recent filing with the SEC.

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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