Fintel reports that on September 15, 2023, Craig-Hallum maintained coverage of eGain (NASDAQ:EGAN) with a Hold recommendation.
Analyst Price Forecast Suggests 86.49% Upside
As of August 31, 2023, the average one-year price target for eGain is 11.73. The forecasts range from a low of 8.08 to a high of $15.75. The average price target represents an increase of 86.49% from its latest reported closing price of 6.29.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for eGain is 121MM, an increase of 23.01%. The projected annual non-GAAP EPS is 0.38.
What is the Fund Sentiment?
There are 210 funds or institutions reporting positions in eGain. This is a decrease of 26 owner(s) or 11.02% in the last quarter. Average portfolio weight of all funds dedicated to EGAN is 0.12%, a decrease of 4.19%. Total shares owned by institutions decreased in the last three months by 4.03% to 19,081K shares. 
The put/call ratio of EGAN is 0.04, indicating a bullish outlook.
What are Other Shareholders Doing?
Oaktop Capital Management Ii holds 2,672K shares representing 8.38% ownership of the company. No change in the last quarter.
Kanen Wealth Management holds 2,064K shares representing 6.48% ownership of the company. No change in the last quarter.
Jpmorgan Chase holds 1,327K shares representing 4.16% ownership of the company. In it's 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 it's 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 it's 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 Background Information
(This description is provided by the company.)
eGain customer engagement platform automates digital-first, omnichannel experiences across all touch points. Powered by AI, machine learning, knowledge, and analytics, its top-rated software optimizes customer journeys with virtual assistance, messaging hub, and desktop to serve customers, reduce cost, and improve compliance.
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This story originally appeared on Fintel.
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