Ownership Don’t Lie: Egain Corp (NASDAQ:EGAN) Move Down as Institutional Investors’ Sentiment Improved

November 16, 2016 - By Hazel Jackson   ·   0 Comments

Ownership Don't Lie: Egain Corp (NASDAQ:EGAN) Move Down as Institutional Investors' Sentiment  Improved

Sentiment for Egain Corp (NASDAQ:EGAN)

Egain Corp (NASDAQ:EGAN) institutional sentiment decreased to 1.33 in Q2 2016. Its down -0.07, from 1.4 in 2016Q1. The ratio is negative, as 8 active investment managers increased or opened new stock positions, while 6 sold and decreased holdings in Egain Corp. The active investment managers in our partner’s database now have: 14.53 million shares, up from 14.28 million shares in 2016Q1. Also, the number of active investment managers holding Egain Corp in their top 10 stock positions was flat from 0 to 0 for the same number . Sold All: 1 Reduced: 5 Increased: 6 New Position: 2.

eGain Corporation provides cloud and on-site customer engagement software solutions. The company has a market cap of $70.53 million. The Firm optimizes service processes across the Web, social and phone channels. It currently has negative earnings. The Company’s solutions help business to consumer (B2C) businesses to operationalize digital customer engagement strategies.

About 8,890 shares traded hands. eGain Corp (NASDAQ:EGAN) has declined 32.36% since April 14, 2016 and is downtrending. It has underperformed by 37.05% the S&P500.

According to Zacks Investment Research, “eGain Corporation provides customer engagement solutions. It offers web customer interaction applications, social customer interaction applications and contact center applications. The company also provides consulting, implementation and training services as well as maintenance and support services. eGain Corporation, formerly known as eGain Communications Corporation, is headquartered in Sunnyvale, California.”

Murphy Michael R holds 1.42% of its portfolio in eGain Corp for 1.28 million shares. Oaktop Capital Management Ii L.P. owns 2.04 million shares or 1.39% of their US portfolio. Moreover, Nokomis Capital L.L.C. has 1.01% invested in the company for 1.69 million shares. The Ontario – Canada-based Bank Of Montreal Can has invested 0.03% in the stock. Bank Of America Corp De, a North Carolina-based fund reported 1,427 shares.#img1#

eGain Corp (NASDAQ:EGAN) Ratings Coverage

Ratings analysis reveals 25% of eGain Comm.’s analysts are positive. Out of 4 Wall Street analysts rating eGain Comm., 1 give it “Buy”, 0 “Sell” rating, while 3 recommend “Hold”. The lowest target is $3.50 while the high is $5. The stock’s average target of $4.25 is 70.00% above today’s ($2.5) share price. EGAN was included in 6 notes of analysts from August 4, 2015. The firm earned “Hold” rating on Tuesday, August 4 by Craig Hallum. The firm has “Buy” rating given on Friday, September 9 by Ladenburg Thalmann. The stock of eGain Corp (NASDAQ:EGAN) has “Buy” rating given on Friday, September 11 by Needham. The firm earned “Neutral” rating on Monday, May 9 by Ladenburg Thalmann. The company was downgraded on Thursday, November 10 by Ladenburg Thalmann. The stock of eGain Corp (NASDAQ:EGAN) has “Hold” rating given on Friday, September 9 by Benchmark.

EGAN Company Profile

eGain Corporation (eGain), incorporated on September 10,1997, provides cloud and on-site customer engagement software solutions. The Firm optimizes service processes across the Web, social and phone channels. The Company’s solutions help business to consumer (B2C) businesses to operationalize digital customer engagement strategies. The Firm provides analytics capability to various contact centers for intra-day resource measurement and management, managing operational agility, and agent productivity. The Firm is engaged in the development, license, implementation and support of customer service infrastructure software solutions. The Firm offers eGain solution, which is designed for B2C businesses to do business with their customers. The Firm has activities in the United States, the United Kingdom and India.

Another recent and important eGain Corp (NASDAQ:EGAN) news was published by Quotes.Wsj.com which published an article titled: “News eGain Corp.EGAN” on February 22, 2011.

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By Hazel Jackson


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