eGain (NASDAQ:EGAN) Shares Pass Above 200 Day Moving Average – Here’s Why

eGain Corporation (NASDAQ:EGAN) shares passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $10.00 and traded as high as $10.00. eGain shares last traded at $9.83, with a volume of 421,428 shares traded.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on EGAN shares. Roth Mkm reaffirmed a “buy” rating and set a $20.00 target price on shares of eGain in a research note on Wednesday, February 4th. Wall Street Zen raised shares of eGain from a “hold” rating to a “buy” rating in a report on Sunday, November 16th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of eGain in a research note on Friday, January 9th. Zacks Research downgraded shares of eGain from a “strong-buy” rating to a “hold” rating in a report on Tuesday, November 4th. Finally, B. Riley Financial assumed coverage on shares of eGain in a research note on Friday, January 23rd. They set a “neutral” rating and a $10.50 target price for the company. One analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $15.25.

eGain Trading Down 1.5%

The stock has a 50-day moving average of $10.35 and a two-hundred day moving average of $10.00. The firm has a market cap of $269.24 million, a price-to-earnings ratio of 7.62 and a beta of 0.80.

eGain (NASDAQ:EGAN) last posted its quarterly earnings data on Tuesday, February 3rd. The technology company reported $0.11 EPS for the quarter, beating analysts’ consensus estimates of $0.08 by $0.03. eGain had a net margin of 39.77% and a return on equity of 11.13%. The company had revenue of $22.98 million during the quarter, compared to analyst estimates of $22.42 million. eGain has set its Q3 2026 guidance at 0.060-0.080 EPS and its FY 2026 guidance at 0.310-0.360 EPS. Sell-side analysts expect that eGain Corporation will post 0.05 EPS for the current fiscal year.

Hedge Funds Weigh In On eGain

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. BNP Paribas Financial Markets increased its holdings in eGain by 29.3% in the third quarter. BNP Paribas Financial Markets now owns 6,317 shares of the technology company’s stock worth $55,000 after buying an additional 1,432 shares during the last quarter. Deutsche Bank AG lifted its stake in eGain by 9.0% in the fourth quarter. Deutsche Bank AG now owns 23,985 shares of the technology company’s stock valued at $247,000 after acquiring an additional 1,974 shares during the last quarter. NewEdge Advisors LLC bought a new stake in eGain in the third quarter worth approximately $106,000. Legato Capital Management LLC increased its stake in shares of eGain by 51.0% during the 4th quarter. Legato Capital Management LLC now owns 42,506 shares of the technology company’s stock worth $437,000 after purchasing an additional 14,354 shares during the last quarter. Finally, Citadel Advisors LLC acquired a new position in shares of eGain during the 3rd quarter worth $130,000. 53.94% of the stock is currently owned by hedge funds and other institutional investors.

About eGain

eGain Incorporated (NASDAQ: EGAN) is a software company specializing in cloud-based customer engagement solutions. Its platform integrates knowledge management, analytics, and artificial intelligence to help organizations streamline customer service across digital channels. By centralizing information and automating routine interactions, eGain aims to improve agent productivity, reduce response times, and deliver consistent customer experiences.

The company’s product suite includes tools for knowledge authoring and delivery, AI-powered chatbots, case management, and predictive analytics.