Gladius Capital Management LP Makes New Investment in eGain Co. (NASDAQ:EGAN)

Gladius Capital Management LP purchased a new stake in eGain Co. (NASDAQ:EGAN) in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 16,562 shares of the technology company’s stock, valued at approximately $84,000. Gladius Capital Management LP owned about 0.06% of eGain as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of EGAN. Acadian Asset Management LLC raised its position in eGain by 8.6% in the second quarter. Acadian Asset Management LLC now owns 984,257 shares of the technology company’s stock valued at $6,207,000 after purchasing an additional 78,051 shares during the last quarter. Hillsdale Investment Management Inc. raised its holdings in eGain by 90.0% in the 1st quarter. Hillsdale Investment Management Inc. now owns 160,972 shares of the technology company’s stock valued at $1,038,000 after buying an additional 76,269 shares during the last quarter. Renaissance Technologies LLC boosted its position in eGain by 3.3% during the 2nd quarter. Renaissance Technologies LLC now owns 643,319 shares of the technology company’s stock worth $4,059,000 after buying an additional 20,600 shares during the period. Seizert Capital Partners LLC grew its holdings in eGain by 99.5% during the 3rd quarter. Seizert Capital Partners LLC now owns 38,068 shares of the technology company’s stock worth $194,000 after acquiring an additional 18,989 shares during the last quarter. Finally, Assenagon Asset Management S.A. increased its position in eGain by 31.3% in the 2nd quarter. Assenagon Asset Management S.A. now owns 62,468 shares of the technology company’s stock valued at $394,000 after acquiring an additional 14,893 shares during the period. Institutional investors and hedge funds own 53.94% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently commented on EGAN shares. Roth Mkm reiterated a “buy” rating and set a $12.00 price target on shares of eGain in a report on Friday, September 6th. StockNews.com downgraded eGain from a “strong-buy” rating to a “buy” rating in a report on Tuesday, November 12th. Finally, Craig Hallum increased their price target on eGain from $6.00 to $7.00 and gave the company a “hold” rating in a research note on Friday, September 6th.

eGain Trading Down 2.6 %

NASDAQ:EGAN opened at $5.24 on Friday. eGain Co. has a 52 week low of $4.71 and a 52 week high of $8.52. The firm’s fifty day moving average is $5.09 and its 200-day moving average is $6.04. The firm has a market cap of $149.44 million, a P/E ratio of 27.58 and a beta of 0.44. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.71 and a current ratio of 1.79.

eGain (NASDAQ:EGAN) last issued its quarterly earnings results on Thursday, September 5th. The technology company reported $0.05 EPS for the quarter, beating analysts’ consensus estimates of ($0.02) by $0.07. eGain had a net margin of 6.45% and a return on equity of 9.53%. The business had revenue of $22.46 million for the quarter, compared to analysts’ expectations of $21.37 million. Equities analysts expect that eGain Co. will post 0.01 earnings per share for the current year.

eGain Company 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.