The stock of eGain Corp (NASDAQ:EGAN) hit a new 52-week low and has $2.19 target or 5.00% below today’s $2.30 share price. The 8 months bearish chart indicates high risk for the $62.34 million company. The 1-year low was reported on Nov, 24 by Barchart.com. If the $2.19 price target is reached, the company will be worth $3.12M less.
The 52-week low event is an important milestone for every stock because it shows very negative momentum and is time when sellers come in. During such technical setups, fundamental investors usually stay away and are careful buying the stock. The stock closed at $2.3 during the last session. It is up 38.01% since April 22, 2016 and is downtrending. It has underperformed by 43.41% the S&P500.
Analysts await eGain Corp (NASDAQ:EGAN) to report earnings on February, 2. They expect $-0.05 earnings per share, 0.00% or $0.00 from last year’s $-0.05 per share. After $-0.09 actual earnings per share reported by eGain Corp for the previous quarter, Wall Street now forecasts -44.44% EPS growth.
eGain Corp (NASDAQ:EGAN) Ratings Coverage
Out of 4 analysts covering eGain Comm. (NASDAQ:EGAN), 1 rate it a “Buy”, 0 “Sell”, while 3 “Hold”. This means 25% are positive. $5 is the highest target while $3.50 is the lowest. The $4.25 average target is 84.78% above today’s ($2.3) stock price. eGain Comm. has been the topic of 6 analyst reports since August 4, 2015 according to StockzIntelligence Inc. The rating was upgraded by Ladenburg Thalmann to “Buy” on Friday, September 9. On Monday, May 9 the stock rating was downgraded by Ladenburg Thalmann to “Neutral”. On Thursday, November 10 the stock rating was downgraded by Ladenburg Thalmann to “Neutral”. The firm earned “Hold” rating on Tuesday, August 4 by Craig Hallum. The stock has “Hold” rating given by Benchmark on Friday, September 9. The firm has “Buy” rating given on Friday, September 11 by Needham.
According to Zacks Investment Research, “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.”
Insitutional Activity: The institutional sentiment increased to 2 in 2016 Q2. Its up 0.67, from 1.33 in 2016Q1. The ratio improved, as 1 funds sold all eGain Corp shares owned while 5 reduced positions. 2 funds bought stakes while 6 increased positions. They now own 14.53 million shares or 1.79% more from 14.28 million shares in 2016Q1.
Deutsche Savings Bank Ag owns 175 shares or 0% of their US portfolio. Bank & Trust Of America Corporation De has 0% invested in the company for 1,427 shares. Millennium Mngmt Limited Com holds 14,443 shares or 0% of its portfolio. Blackrock Fund Advisors owns 42,582 shares or 0% of their US portfolio. Oaktop Cap Ii L P holds 1.39% or 2.04 million shares in its portfolio. Citigroup owns 30,256 shares or 0% of their US portfolio. Jpmorgan Chase And Com last reported 75 shares in the company. Manufacturers Life Insur Co The accumulated 1,622 shares or 0% of the stock. Nokomis has 1.01% invested in the company for 1.69M shares. Spark Mgmt Limited Company accumulated 10,000 shares or 0% of the stock. Morgan Stanley has 400 shares for 0% of their US portfolio. Moreover, Renaissance Technology Lc has 0% invested in eGain Corp (NASDAQ:EGAN) for 56,500 shares. Royal Natl Bank Of Canada holds 0% or 200 shares in its portfolio. Tower Cap Llc (Trc) owns 735 shares or 0% of their US portfolio. Blackrock Limited Liability Company has 0% invested in the company for 1,227 shares.
Another recent and important eGain Corp (NASDAQ:EGAN) news was published by Quotes.Wsj.com which published an article titled: “News eGain Corp.EGAN” on February 22, 2011.
EGAN Company Profile
eGain Corporation (eGain), incorporated on September 10,1997, provides cloud and on-site customer engagement software solutions. The Firm 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. The Firm provides analytics capability to various contact centers for intra-day resource measurement and management, managing operational agility, and agent productivity. The Firm is engaged in the development, license, implementation and support of customer service infrastructure software solutions. The Firm offers eGain solution, which is designed for B2C businesses to do business with their customers. The Firm has activities in the United States, the United Kingdom and India.
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