Vanguard Group Inc raised its holdings in eGain Corp (NASDAQ:EGAN) by 82.7% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,350,983 shares of the technology company’s stock after purchasing an additional 611,577 shares during the quarter. Vanguard Group Inc owned approximately 4.85% of eGain worth $10,943,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also modified their holdings of the company. S Squared Technology LLC bought a new stake in shares of eGain during the third quarter worth $364,000. Granite Investment Partners LLC raised its position in shares of eGain by 61.1% during the third quarter. Granite Investment Partners LLC now owns 105,592 shares of the technology company’s stock worth $855,000 after acquiring an additional 40,028 shares during the last quarter. Northern Trust Corp raised its position in shares of eGain by 310.7% during the second quarter. Northern Trust Corp now owns 206,113 shares of the technology company’s stock worth $3,113,000 after acquiring an additional 155,931 shares during the last quarter. Dimensional Fund Advisors LP raised its position in shares of eGain by 167.1% during the third quarter. Dimensional Fund Advisors LP now owns 474,599 shares of the technology company’s stock worth $3,844,000 after acquiring an additional 296,896 shares during the last quarter. Finally, AQR Capital Management LLC raised its position in shares of eGain by 938.9% during the third quarter. AQR Capital Management LLC now owns 1,091,213 shares of the technology company’s stock worth $8,838,000 after acquiring an additional 986,177 shares during the last quarter. Hedge funds and other institutional investors own 75.66% of the company’s stock.
EGAN stock opened at $7.70 on Wednesday. The firm has a market cap of $214.61 million, a PE ratio of 256.67, a PEG ratio of 25.67 and a beta of 0.23. eGain Corp has a twelve month low of $4.60 and a twelve month high of $19.05.
eGain (NASDAQ:EGAN) last released its earnings results on Thursday, November 8th. The technology company reported $0.03 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.04. The company had revenue of $15.70 million during the quarter, compared to the consensus estimate of $15.71 million. eGain had a negative return on equity of 11.80% and a negative net margin of 1.31%. On average, research analysts forecast that eGain Corp will post 0.01 EPS for the current year.
Separately, Zacks Investment Research upgraded eGain from a “hold” rating to a “strong-buy” rating and set a $9.25 target price for the company in a research report on Friday, November 16th. Five investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. eGain presently has a consensus rating of “Buy” and an average price target of $13.31.
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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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