Acuitas Investments LLC Invests $562,000 in eGain Co. (NASDAQ:EGAN)

Acuitas Investments LLC purchased a new position in shares of eGain Co. (NASDAQ:EGAN) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 67,524 shares of the technology company’s stock, valued at approximately $562,000. Acuitas Investments LLC owned about 0.21% of eGain at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of the business. Allspring Global Investments Holdings LLC grew its holdings in shares of eGain by 59.3% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 25,723 shares of the technology company’s stock valued at $214,000 after purchasing an additional 9,574 shares during the period. Quadrature Capital Ltd increased its holdings in shares of eGain by 77.2% during the 3rd quarter. Quadrature Capital Ltd now owns 80,717 shares of the technology company’s stock worth $496,000 after buying an additional 35,172 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in shares of eGain during the 3rd quarter valued at approximately $252,000. Hsbc Holdings PLC acquired a new position in eGain in the third quarter valued at approximately $167,000. Finally, Barclays PLC grew its position in eGain by 117.1% in 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. 53.94% of the stock is owned by hedge funds and other institutional investors.

eGain Stock Performance

Shares of NASDAQ EGAN traded up $0.06 during trading on Friday, reaching $6.24. The stock had a trading volume of 5,591 shares, compared to its average volume of 91,412. The company has a market cap of $194.69 million, a P/E ratio of 28.09 and a beta of 0.54. eGain Co. has a fifty-two week low of $5.50 and a fifty-two week high of $8.52. The business’s 50-day moving average price is $6.21 and its 200-day moving average price is $6.90.

eGain (NASDAQ:EGAN) last released its earnings results on Thursday, February 8th. The technology company reported $0.07 earnings per share for the quarter, beating the consensus estimate of $0.03 by $0.04. The company had revenue of $23.82 million during the quarter, compared to the consensus estimate of $23.53 million. eGain had a return on equity of 11.01% and a net margin of 7.33%. Analysts forecast that eGain Co. will post 0.16 EPS for the current fiscal year.

Analysts Set New Price Targets

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

eGain Profile

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.