Acuitas Investments LLC Acquires New Position in eGain Co. (NASDAQ:EGAN)

Acuitas Investments LLC bought a new position in shares of eGain Co. (NASDAQ:EGAN) in the fourth quarter, Holdings Channel reports. The firm bought 67,524 shares of the technology company’s stock, valued at approximately $562,000.

A number of other institutional investors have also recently bought and sold shares of EGAN. Simplex Trading LLC bought a new stake in shares of eGain in the third quarter worth about $33,000. Hsbc Holdings PLC bought a new position in eGain in the third quarter valued at approximately $167,000. AE Wealth Management LLC bought a new position in eGain in the third quarter valued at approximately $189,000. Allspring Global Investments Holdings LLC increased its position in shares of eGain by 59.3% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 25,723 shares of the technology company’s stock worth $214,000 after acquiring an additional 9,574 shares in the last quarter. Finally, Barclays PLC raised its holdings in shares of eGain by 117.1% during the third quarter. Barclays PLC now owns 38,507 shares of the technology company’s stock worth $236,000 after acquiring an additional 20,770 shares during the period. Institutional investors and hedge funds own 53.94% of the company’s stock.

eGain Stock Performance

eGain stock traded up $0.06 during midday trading on Friday, reaching $6.24. The stock had a trading volume of 5,591 shares, compared to its average volume of 91,412. eGain Co. has a 1-year low of $5.50 and a 1-year high of $8.52. The firm’s fifty day simple moving average is $6.21 and its 200-day simple moving average is $6.90. The stock has a market capitalization of $194.69 million, a P/E ratio of 28.09 and a beta of 0.54.

eGain (NASDAQ:EGAN) last posted its quarterly earnings data on Thursday, February 8th. The technology company reported $0.07 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.03 by $0.04. eGain had a net margin of 7.33% and a return on equity of 11.01%. The company had revenue of $23.82 million for the quarter, compared to the consensus estimate of $23.53 million. On average, sell-side analysts anticipate that eGain Co. will post 0.16 earnings per share for the current fiscal year.

Analyst Ratings Changes

Separately, Roth Mkm reduced their target price on shares of eGain from $15.00 to $12.00 and set a “buy” rating for the company in a research note on Friday, February 9th.

About eGain

eGain Corporation develops, licenses, implements, and supports customer service infrastructure software solutions in North America, Europe, the Middle East, Africa, and the Asia Pacific. It provides eGain Knowledge Hub, which helps businesses to centralize knowledge, policies, procedures, situational expertise, best-practices, while delivering guided, and personalized solutions to customers and agents; eGain Conversation Hub for digital-first, omnichannel interaction management within a modern, purpose-built desktop; and eGain Analytics Hub enables clients to measure, manage, and optimize omnichannel service operations and knowledge.