According to Fintel, Craig-Hallum has maintained its coverage of eGain (NASDAQ:EGAN) with a Hold recommendation.
As of August 31, 2023, the average one-year price target for eGain is $11.73. Analysts’ forecasts range from a low of $8.08 to a high of $15.75. This represents an 86.49% increase from the latest reported closing price of $6.29.
The projected annual revenue for eGain is $121 million, a 23.01% increase. The projected annual non-GAAP EPS is $0.38.
There are 210 funds or institutions reporting positions in eGain, which is a decrease of 26 owners or 11.02% in the last quarter. The average portfolio weight of all funds dedicated to EGAN is 0.12%, a decrease of 4.19%. Total shares owned by institutions decreased by 4.03% to 19,081K shares.
The put/call ratio of EGAN is 0.04, indicating a bullish outlook.
Oaktop Capital Management Ii holds 2,672K shares representing 8.38% ownership of the company. There has been no change in the last quarter.
Kanen Wealth Management holds 2,064K shares representing 6.48% ownership of the company. There has been no change in the last quarter.
Jpmorgan Chase holds 1,327K shares representing 4.16% ownership of the company. In its prior filing, the firm reported owning 1,814K shares, representing a decrease of 36.66%. The firm increased its portfolio allocation in EGAN by 412.95% over the last quarter.
Disciplined Growth Investors holds 1,052K shares representing 3.30% ownership of the company. In its prior filing, the firm reported owning 1,029K shares, representing an increase of 2.14%. The firm decreased its portfolio allocation in EGAN by 11.33% over the last quarter.
Acadian Asset Management holds 939K shares representing 2.95% ownership of the company. In its prior filing, the firm reported owning 953K shares, representing a decrease of 1.49%. The firm decreased its portfolio allocation in EGAN by 8.83% over the last quarter.
eGain is a customer engagement platform that automates digital-first, omnichannel experiences across all touch points. It utilizes AI, machine learning, knowledge, and analytics to optimize customer journeys and improve customer service while reducing costs and ensuring compliance.
Fintel is a comprehensive investing research platform that provides data on fundamentals, analyst reports, ownership data and fund sentiment, options sentiment, insider trading, options flow, and unusual options trades. Their stock picks are powered by advanced, backtested quantitative models.
This story originally appeared on Fintel.
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