Q1 Earnings Estimate for 8X8 Issued By B. Riley

8x8, Inc. (NASDAQ:EGHT - Free Report) - Stock analysts at B. Riley issued their Q1 2026 earnings per share estimates for 8X8 in a research note issued on Tuesday, May 20th. B. Riley analyst J. Nichols expects that the company will post earnings of $0.01 per share for the quarter. B. Riley currently has a "Buy" rating and a $3.00 target price 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.

EGHT has been the subject of several other reports. Wells Fargo & Company reduced their target price on 8X8 from $2.00 to $1.50 and set an "underweight" rating for the company in a research note on Tuesday, April 22nd. Morgan Stanley cut their target price on shares of 8X8 from $2.60 to $1.90 and set an "underweight" rating on the stock in a research note on Wednesday, April 16th. Needham & Company LLC lifted their price target on 8X8 from $3.00 to $3.50 and gave the stock a "buy" rating in a research note on Wednesday, February 5th. StockNews.com cut 8X8 from a "strong-buy" rating to a "buy" rating in a research note on Wednesday. Finally, Weiss Ratings reaffirmed a "sell (d-)" rating on shares of 8X8 in a report on Saturday, May 10th. Three analysts have rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $2.51.

8X8 Price Performance

Shares of NASDAQ EGHT opened at $1.62 on Thursday. The company has a quick ratio of 1.24, a current ratio of 1.25 and a debt-to-equity ratio of 3.08. 8X8 has a fifty-two week low of $1.51 and a fifty-two week high of $3.52. The business has a 50 day moving average price of $1.85 and a two-hundred day moving average price of $2.45. The firm has a market cap of $213.34 million, a PE ratio of -4.50, a price-to-earnings-growth ratio of 6.08 and a beta of 1.80.

Institutional Trading of 8X8

A number of large investors have recently modified their holdings of the company. Arrowstreet Capital Limited Partnership bought a new position in 8X8 in the 4th quarter worth about $2,126,000. Connor Clark & Lunn Investment Management Ltd. grew its holdings in 8X8 by 17.5% in the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 798,267 shares of the company's stock worth $2,131,000 after buying an additional 118,686 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in 8X8 in the 4th quarter valued at approximately $144,000. Renaissance Technologies LLC raised its stake in 8X8 by 1,101.0% during the 4th quarter. Renaissance Technologies LLC now owns 440,777 shares of the company's stock valued at $1,177,000 after acquiring an additional 404,077 shares in the last quarter. Finally, Boston Partners boosted its position in 8X8 by 3.9% during the 4th quarter. Boston Partners now owns 6,644,856 shares of the company's stock worth $17,742,000 after acquiring an additional 252,083 shares during the period. Institutional investors and hedge funds own 93.99% of the company's stock.

Insider Activity

In other news, major shareholder Sylebra Capital Llc sold 100,000 shares of the business's stock in a transaction on Wednesday, March 19th. The shares were sold at an average price of $2.23, for a total transaction of $223,000.00. Following the completion of the transaction, the insider now owns 14,289,476 shares of the company's stock, valued at approximately $31,865,531.48. The trade was a 0.69% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Over the last ninety days, insiders sold 254,678 shares of company stock valued at $562,412. 1.22% of the stock is currently 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.

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