eGain Co. (NASDAQ:EGAN) Shares Purchased by Seizert Capital Partners LLC

Seizert Capital Partners LLC raised its stake in eGain Co. (NASDAQ:EGAN) by 55.9% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 59,340 shares of the technology company’s stock after buying an additional 21,272 shares during the quarter. Seizert Capital Partners LLC owned approximately 0.21% of eGain worth $370,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of EGAN. Kanen Wealth Management LLC increased its position in eGain by 6.9% in the 4th quarter. Kanen Wealth Management LLC now owns 2,659,823 shares of the technology company’s stock valued at $16,571,000 after acquiring an additional 171,451 shares during the period. Barclays PLC grew its stake in shares of eGain by 48.5% in the third quarter. Barclays PLC now owns 60,513 shares of the technology company’s stock worth $308,000 after purchasing an additional 19,772 shares in the last quarter. Gladius Capital Management LP acquired a new position in shares of eGain during the third quarter valued at $84,000. Legato Capital Management LLC raised its stake in shares of eGain by 60.6% during the fourth quarter. Legato Capital Management LLC now owns 29,573 shares of the technology company’s stock valued at $184,000 after purchasing an additional 11,155 shares in the last quarter. Finally, Williams & Novak LLC lifted its holdings in eGain by 55.6% in the fourth quarter. Williams & Novak LLC now owns 20,270 shares of the technology company’s stock worth $126,000 after purchasing an additional 7,240 shares during the period. Institutional investors and hedge funds own 53.94% of the company’s stock.

eGain Stock Up 0.2 %

Shares of eGain stock opened at $4.92 on Thursday. The business has a fifty day simple moving average of $6.04 and a 200-day simple moving average of $5.70. The firm has a market cap of $138.40 million, a price-to-earnings ratio of 35.14 and a beta of 0.41. eGain Co. has a fifty-two week low of $4.71 and a fifty-two week high of $7.62.

eGain (NASDAQ:EGAN) last issued its quarterly earnings results on Thursday, February 13th. The technology company reported $0.02 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.02. eGain had a net margin of 4.86% and a return on equity of 7.41%. Analysts anticipate that eGain Co. will post 0.05 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the stock. StockNews.com cut shares of eGain from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, February 25th. Roth Mkm reiterated a “buy” rating and set a $10.00 price objective (down previously from $12.00) on shares of eGain in a research note on Friday, February 14th.

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.