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.
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