Schwab Charles Investment Management Inc. bought a new stake in shares of eGain Corp (NASDAQ:EGAN) during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 37,876 shares of the technology company’s stock, valued at approximately $572,000. Schwab Charles Investment Management Inc. owned 0.14% of eGain at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Ramsey Quantitative Systems lifted its position in eGain by 216.3% during the 2nd quarter. Ramsey Quantitative Systems now owns 12,012 shares of the technology company’s stock valued at $181,000 after purchasing an additional 8,214 shares during the period. Barclays PLC acquired a new position in eGain during the 1st quarter valued at about $105,000. GWM Advisors LLC acquired a new position in eGain during the 2nd quarter valued at about $248,000. Raymond James Financial Services Advisors Inc. acquired a new position in eGain during the 2nd quarter valued at about $254,000. Finally, Rhumbline Advisers acquired a new position in eGain during the 2nd quarter valued at about $256,000. Institutional investors own 69.76% of the company’s stock.

Shares of EGAN stock opened at $7.65 on Friday. The company has a debt-to-equity ratio of -1.03, a current ratio of 0.74 and a quick ratio of 0.74. eGain Corp has a one year low of $2.75 and a one year high of $19.05.

eGain (NASDAQ:EGAN) last announced its quarterly earnings results on Thursday, September 6th. The technology company reported $0.01 EPS for the quarter, beating analysts’ consensus estimates of ($0.02) by $0.03. The company had revenue of $15.59 million during the quarter, compared to the consensus estimate of $15.81 million. The firm’s revenue was up 6.6% on a year-over-year basis. As a group, equities research analysts anticipate that eGain Corp will post -0.03 EPS for the current fiscal year.

EGAN has been the topic of a number of research reports. Zacks Investment Research upgraded shares of eGain from a “hold” rating to a “strong-buy” rating and set a $15.00 target price on the stock in a research report on Friday, June 22nd. Needham & Company LLC initiated coverage on shares of eGain in a research report on Wednesday, July 18th. They set a “buy” rating and a $16.00 target price on the stock. BidaskClub downgraded shares of eGain from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, August 1st. Finally, ValuEngine downgraded shares of eGain from a “strong-buy” rating to a “buy” rating in a research report on Thursday, August 2nd. One investment analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $14.75.

About eGain

eGain Corporation operates as a software-as-a service provider of customer engagement solutions in the United States, the United Kingdom, India, and internationally. It provides eGain solution, a unified cloud software solution to automate, augment, and orchestrate customer engagement, including digital-first, Omni channel desktop, artificial intelligence (AI) and knowledge, and analytics and machine learning applications, as well as platform APIs and pre-built third-party connectors.

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Institutional Ownership by Quarter for eGain (NASDAQ:EGAN)

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