Zacks Investment Research downgraded shares of eGain (NASDAQ:EGAN) from a buy rating to a hold rating in a report issued on Thursday morning.

According to Zacks, “eGain Corporation provides customer engagement solutions. It offers web customer interaction applications, social customer interaction applications and contact center applications. The company also provides consulting, implementation and training services as well as maintenance and support services. eGain Corporation, formerly known as eGain Communications Corporation, is headquartered in Sunnyvale, California. “

EGAN has been the subject of several other reports. Dougherty & Co restated a buy rating on shares of eGain in a research report on Monday, December 18th. Craig Hallum upgraded shares of eGain from a hold rating to a buy rating and set a $4.00 price target for the company in a research report on Monday, October 2nd. Roth Capital started coverage on shares of eGain in a research report on Wednesday. They issued a buy rating and a $8.00 price target for the company. Finally, ValuEngine cut shares of eGain from a hold rating to a sell rating in a research report on Friday, December 1st. One analyst has rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the stock. The company currently has an average rating of Hold and an average target price of $4.63.

Shares of eGain (NASDAQ:EGAN) traded down $0.10 during midday trading on Thursday, reaching $5.90. 151,476 shares of the company’s stock traded hands, compared to its average volume of 225,208. The company has a debt-to-equity ratio of -0.91, a quick ratio of 0.61 and a current ratio of 0.61. eGain has a 1 year low of $1.30 and a 1 year high of $6.10. The firm has a market cap of $158.00, a PE ratio of -39.33 and a beta of 0.66.

eGain (NASDAQ:EGAN) last announced its quarterly earnings results on Wednesday, November 8th. The technology company reported ($0.02) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.06) by $0.04. The business had revenue of $14.58 million during the quarter, compared to analyst estimates of $14.38 million. During the same quarter last year, the company posted ($0.09) earnings per share. The company’s revenue was down 1.2% compared to the same quarter last year. analysts expect that eGain will post -0.13 EPS for the current year.

In other news, CFO Eric Smit sold 7,500 shares of the stock in a transaction on Saturday, December 29th. The shares were sold at an average price of $5.22, for a total transaction of $39,150.00. Following the completion of the sale, the chief financial officer now directly owns 270,365 shares in the company, valued at $1,411,305.30. The transaction was disclosed in a filing with the SEC, which is available at this link. Over the last quarter, insiders have sold 20,000 shares of company stock valued at $99,900. 39.00% of the stock is currently owned by corporate insiders.

A hedge fund recently raised its stake in eGain stock. Acadian Asset Management LLC lifted its position in shares of eGain Corp (NASDAQ:EGAN) by 1,584.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 35,674 shares of the technology company’s stock after buying an additional 33,556 shares during the quarter. Acadian Asset Management LLC owned about 0.13% of eGain worth $187,000 at the end of the most recent reporting period. Institutional investors and hedge funds own 51.31% of the company’s stock.

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About eGain

eGain Corporation (eGain) provides cloud-based and on-site customer engagement software solutions. The Company optimizes service processes across the Web, social and phone channels. The Company’s solutions help business to consumer (B2C) businesses to operationalize digital customer engagement strategies.

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