eGain (NASDAQ:EGAN) Releases Fourth Quarter 2022 Revenue Forecast
electronic gain (NASDAQ:EGAN – Get a rating) updated its earnings guidance for the fourth quarter of 2022 on Monday. The company provided EPS guidance of -0.02-$0 for the period, compared to the consensus EPS estimate of -0.04 $. The company released a revenue forecast of $23.10 million to $23.50 million, compared to the consensus revenue estimate of $23.79 million.
Several research companies have commented on EGAN. Zacks Investment Research upgraded eGain shares from a sell rating to a hold rating in a Wednesday, April 6 research note. StockNews.com upgraded eGain shares from a buy rating to a strong buy rating in a Sunday, May 8 research report.
Shares of eGain of shares traded at $0.07 on Monday, reaching $9.47. 11 shares of the company have traded, compared to its average volume of 123,560. The company has a 50-day moving average price of $11.09 and a 200-day moving average price of $10.85. The company has a quick ratio of 1.71, a current ratio of 1.75 and a debt ratio of 0.05. eGain has a 12 month minimum of $9.15 and a 12 month maximum of $13.70. The company has a market capitalization of $301.34 million, a PE ratio of 313.33 and a beta of 0.45.
A number of hedge funds have recently increased or reduced their stakes in the company. Meros Investment Management LP increased its stake in eGain shares by 7.6% in the first quarter. Meros Investment Management LP now owns 353,040 shares of the technology company valued at $4,088,000 after purchasing an additional 24,820 shares during the period. Renaissance Technologies LLC increased its holdings of eGain shares by 4.4% during the first quarter. Renaissance Technologies LLC now owns 790,493 shares of the technology company worth $9,154,000 after buying 33,666 additional shares last quarter. Lazard Asset Management LLC increased its holdings of eGain shares by 17.9% during the first quarter. Lazard Asset Management LLC now owns 7,705 shares of the technology company worth $89,000 after buying 1,168 additional shares last quarter. Prudential Financial Inc. increased its holdings of eGain shares by 181.9% in the first quarter. Prudential Financial Inc. now owns 130,334 shares of the technology company valued at $1,509,000 after buying an additional 84,100 shares last quarter. Finally, Sei Investments Co. increased its holdings of eGain shares by 69.3% in the first quarter. Sei Investments Co. now owns 137,595 shares of the technology company valued at $1,598,000 after buying an additional 56,327 shares last quarter. Institutional investors hold 53.97% of the company’s shares.
About eGain (Get a rating)
eGain Corporation develops, licenses, implements and supports customer service infrastructure software solutions in North America, Europe, the Middle East, Africa and Asia-Pacific. It provides unified cloud software solutions to automate, augment and orchestrate customer engagement. It also offers subscription services that allow customers to access its software on a cloud-based platform; and professional services, such as consulting, implementation and training services.
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