eGain Corp. (NASDAQ:EGAN)’s share price traded up 5% during mid-day trading on Tuesday . The stock traded as high as $2.38 and last traded at $2.30, with a volume of 75,604 shares changing hands. The stock had previously closed at $2.19.

Several equities analysts have recently issued reports on the company. Zacks Investment Research upgraded eGain Corp. from a “hold” rating to a “buy” rating and set a $3.25 price target on the stock in a research note on Monday, July 4th. Ladenburg Thalmann lowered 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. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $4.25.

The stock’s market cap is $62.31 million. The firm’s 50 day moving average is $2.84 and its 200-day moving average is $3.45.

eGain Corp. (NASDAQ:EGAN) last posted its quarterly earnings data on Thursday, May 5th. The company reported ($0.11) EPS for the quarter, meeting the consensus estimate of ($0.11). The firm earned $16.30 million during the quarter, compared to analysts’ expectations 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 in the previous year, the company posted ($0.09) EPS. On average, analysts forecast that eGain Corp. will post ($0.38) earnings per share for the current year.

An institutional investor recently bought a new position in eGain Corp. stock. Bank of Montreal Can acquired a new stake in shares of eGain Corp. (NASDAQ:EGAN) during the fourth quarter, according to its most recent Form 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 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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