Wedbush Weighs in on 8X8's Q1 Earnings (NASDAQ:EGHT)

8x8, Inc. (NASDAQ:EGHT - Free Report) - Wedbush issued their Q1 2027 earnings per share estimates for shares of 8X8 in a note issued to investors on Tuesday, May 20th. Wedbush analyst D. Ives forecasts that the company will earn $0.04 per share for the quarter. The consensus estimate for 8X8's current full-year earnings is $0.04 per share. Wedbush also issued estimates for 8X8's Q2 2027 earnings at $0.05 EPS, Q3 2027 earnings at $0.04 EPS and Q4 2027 earnings at $0.04 EPS.

Several other analysts also recently issued reports on the stock. StockNews.com downgraded shares of 8X8 from a "strong-buy" rating to a "buy" rating in a research note on Wednesday. Barclays raised their price target on 8X8 from $2.50 to $3.00 and gave the stock an "equal weight" rating in a research note on Wednesday, February 5th. Needham & Company LLC upped their price objective on 8X8 from $3.00 to $3.50 and gave the company a "buy" rating in a research report on Wednesday, February 5th. Mizuho reduced their target price on 8X8 from $2.50 to $2.00 and set an "underperform" rating on the stock in a research note on Tuesday, April 15th. Finally, Weiss Ratings reissued a "sell (d-)" rating on shares of 8X8 in a research note on Saturday, May 10th. Three analysts have rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $2.51.

8X8 Price Performance

8X8 stock opened at $1.62 on Thursday. 8X8 has a 12-month low of $1.51 and a 12-month high of $3.52. The company has a current ratio of 1.25, a quick ratio of 1.24 and a debt-to-equity ratio of 3.08. The firm has a 50-day moving average price of $1.85 and a 200-day moving average price of $2.45. The firm has a market capitalization 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.

Insiders Place Their Bets

In other 8X8 news, major shareholder Sylebra Capital Llc sold 50,000 shares of the stock in a transaction dated Friday, March 21st. The shares were sold at an average price of $2.14, for a total transaction of $107,000.00. Following the transaction, the insider now directly owns 14,187,327 shares in the company, valued at $30,360,879.78. This represents a 0.35% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders have sold 254,678 shares of company stock worth $562,412 in the last ninety days. 1.22% of the stock is owned by company insiders.

Institutional Investors Weigh In On 8X8

Large investors have recently modified their holdings of the business. SG Americas Securities LLC boosted 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 lifted its holdings in 8X8 by 5.2% during the fourth quarter. Rhumbline Advisers now owns 165,380 shares of the company's stock worth $442,000 after buying an additional 8,100 shares during the period. Ieq Capital LLC purchased a new stake in 8X8 during the fourth quarter worth $85,000. Charles Schwab Investment Management Inc. boosted its position in 8X8 by 6.0% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,418,743 shares of the company's stock valued at $3,788,000 after acquiring an additional 80,042 shares in the last quarter. Finally, Raymond James Financial Inc. purchased a new position in shares of 8X8 in the 4th quarter valued at $144,000. Institutional investors own 93.99% of the company's stock.

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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