Wedbush Issues Pessimistic Estimate for 8X8 Earnings

8x8, Inc. (NASDAQ:EGHT - Free Report) - Analysts at Wedbush lowered their Q1 2026 EPS estimates for 8X8 in a note issued to investors on Tuesday, May 20th. Wedbush analyst D. Ives now anticipates that the company will post earnings per share of $0.02 for the quarter, down from their prior estimate of $0.04. The consensus estimate for 8X8's current full-year earnings is $0.04 per share. Wedbush also issued estimates for 8X8's Q2 2026 earnings at $0.05 EPS, Q3 2026 earnings at $0.03 EPS, Q4 2026 earnings at $0.02 EPS, FY2026 earnings at $0.11 EPS and FY2027 earnings at $0.18 EPS.

EGHT has been the subject of a number of other research reports. Wells Fargo & Company decreased their price objective on shares of 8X8 from $2.00 to $1.50 and set an "underweight" rating for the company in a report on Tuesday, April 22nd. Rosenblatt Securities restated a "buy" rating and issued a $2.70 price target on shares of 8X8 in a research report on Tuesday, May 20th. B. Riley reaffirmed a "buy" rating and issued a $3.00 price target (down from $4.00) on shares of 8X8 in a report on Wednesday, May 14th. Barclays boosted their price objective on shares of 8X8 from $2.50 to $3.00 and gave the company an "equal weight" rating in a research report on Wednesday, February 5th. Finally, Mizuho cut their target price on shares of 8X8 from $2.50 to $2.00 and set an "underperform" rating on the stock in a report on Tuesday, April 15th. Three analysts have rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $2.51.

8X8 Stock Performance

Shares of EGHT traded down $0.03 during mid-day trading on Friday, hitting $1.64. The stock had a trading volume of 366,244 shares, compared to its average volume of 1,082,156. 8X8 has a fifty-two week low of $1.51 and a fifty-two week high of $3.52. The company has a quick ratio of 1.24, a current ratio of 1.25 and a debt-to-equity ratio of 3.08. The company has a market cap of $215.32 million, a PE ratio of -4.54, a PEG ratio of 6.08 and a beta of 1.80. The company's fifty day simple moving average is $1.80 and its two-hundred day simple moving average is $2.42.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of EGHT. SG Americas Securities LLC raised its stake in shares of 8X8 by 39.4% during the fourth quarter. SG Americas Securities LLC now owns 61,050 shares of the company's stock valued at $163,000 after purchasing an additional 17,259 shares in the last quarter. Rhumbline Advisers increased its stake in 8X8 by 5.2% during the 4th quarter. Rhumbline Advisers now owns 165,380 shares of the company's stock valued at $442,000 after buying an additional 8,100 shares during the period. Ieq Capital LLC bought a new stake in shares of 8X8 during the 4th quarter worth about $85,000. Charles Schwab Investment Management Inc. lifted its stake in shares of 8X8 by 6.0% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,418,743 shares of the company's stock worth $3,788,000 after acquiring an additional 80,042 shares during the period. Finally, Raymond James Financial Inc. bought a new stake in 8X8 during the fourth quarter worth approximately $144,000. Institutional investors own 93.99% of the company's stock.

Insider Activity at 8X8

In related news, major shareholder Sylebra Capital Llc sold 50,000 shares of the stock in a transaction that occurred on Friday, March 21st. The stock was sold at an average price of $2.14, for a total value of $107,000.00. Following the completion of the transaction, the insider now directly owns 14,187,327 shares of the company's stock, valued at $30,360,879.78. This represents a 0.35% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Insiders have sold a total of 254,678 shares of company stock worth $562,412 in the last ninety days. 1.22% of the stock is owned by insiders.

About 8X8

8x8, Inc engages in the provision of enterprise communication solutions. It offers solutions to the business services, education, financial services, government, healthcare, and manufacturing industries. The company was founded in February 1987 and is headquartered in Campbell, CA.