What is B. Riley's Forecast for 8X8 Q1 Earnings?

8x8, Inc. (NASDAQ:EGHT - Free Report) - Stock analysts at B. Riley issued their Q1 2026 earnings per share estimates for 8X8 in a research report issued on Tuesday, May 20th. B. Riley analyst J. Nichols anticipates that the company will post earnings per share of $0.01 for the quarter. B. Riley has a "Buy" rating and a $3.00 price target on the stock. The consensus estimate for 8X8's current full-year earnings is $0.04 per share. B. Riley also issued estimates for 8X8's Q2 2026 earnings at $0.01 EPS, Q3 2026 earnings at $0.02 EPS and Q4 2026 earnings at $0.02 EPS.

Several other research analysts have also commented on the company. Morgan Stanley dropped their price target on 8X8 from $2.60 to $1.90 and set an "underweight" rating for the company in a research report on Wednesday, April 16th. Wall Street Zen cut 8X8 from a "strong-buy" rating to a "buy" rating in a report on Wednesday, May 21st. Rosenblatt Securities reaffirmed a "buy" rating and issued a $2.70 price objective on shares of 8X8 in a research report on Tuesday, May 20th. Mizuho decreased their target price on 8X8 from $2.50 to $2.00 and set an "underperform" rating for the company in a research report on Tuesday, April 15th. Finally, Needham & Company LLC boosted their target price on shares of 8X8 from $3.00 to $3.50 and gave the company a "buy" rating in a research note on Wednesday, February 5th. Three equities research analysts have rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $2.51.

8X8 Trading Up 4.1%

EGHT traded up $0.07 on Thursday, hitting $1.66. The company had a trading volume of 958,702 shares, compared to its average volume of 1,199,901. The company has a market cap of $217.95 million, a PE ratio of -4.60, a PEG ratio of 6.08 and a beta of 1.80. 8X8 has a 12-month low of $1.51 and a 12-month 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 business's fifty day simple moving average is $1.81 and its 200 day simple moving average is $2.43.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. National Bank of Canada FI purchased a new stake in shares of 8X8 in the 1st quarter worth approximately $26,000. Algert Global LLC purchased a new stake in 8X8 during the first quarter worth $29,000. Picton Mahoney Asset Management boosted its position in 8X8 by 53.6% during the 4th quarter. Picton Mahoney Asset Management now owns 11,104 shares of the company's stock valued at $30,000 after acquiring an additional 3,876 shares in the last quarter. Captrust Financial Advisors purchased a new position in shares of 8X8 in the 4th quarter valued at $30,000. Finally, Cibc World Markets Corp purchased a new position in shares of 8X8 in the 4th quarter valued at $32,000. 93.99% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, major shareholder Sylebra Capital Llc sold 100,000 shares of 8X8 stock in a transaction dated Wednesday, March 19th. The stock was sold at an average price of $2.23, for a total value of $223,000.00. Following the completion of the sale, the insider now directly owns 14,289,476 shares in the company, valued at $31,865,531.48. The trade was a 0.69% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In the last ninety days, insiders sold 254,678 shares of company stock worth $562,412. 1.22% of the stock is currently owned by company insiders.

8X8 Company Profile

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.