NASDAQ:EGHT 8X8 (EGHT) Stock Forecast, Price & News $4.20 +0.24 (+6.06%) (As of 06/2/2023 ET) Add Compare Share Share Today's Range$4.00▼$4.2150-Day Range$2.58▼$4.2052-Week Range$2.50▼$7.66Volume1.43 million shsAverage Volume1.95 million shsMarket Capitalization$488.71 millionP/E RatioN/ADividend YieldN/APrice Target$6.16 ProfileProfileAnalyst RatingsChartCompetitorsEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaProfileAnalyst RatingsChartCompetitorsEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial Media 8X8 MarketRank™ ForecastAnalyst RatingHold2.27 Rating ScoreUpside/Downside46.6% Upside$6.16 Price TargetShort InterestBearish14.76% of Float Sold ShortDividend StrengthN/ASustainabilityN/ANews Sentiment-0.02Based on 7 Articles This WeekInsider TradingSelling Shares$197,198 Sold Last QuarterProj. Earnings GrowthN/ASee Full Details Hide Full Details Overall MarketRank™MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.1.73 out of 5 starsComputer And Technology Sector448th out of 609 stocksData Processing & Preparation Industry42nd out of 64 stocks 3.1 Analyst's Opinion Consensus Rating8X8 has received a consensus rating of Hold. The company's average rating score is 2.27, and is based on 5 buy ratings, 9 hold ratings, and 1 sell rating.Price Target Upside/DownsideAccording to analysts' consensus price target of $6.16, 8X8 has a forecasted upside of 46.6% from its current price of $4.20.Amount of Analyst Coverage8X8 has only been the subject of 1 research reports in the past 90 days. Previous Next 2.0 Short Interest Percentage of Shares Shorted14.76% of the float of 8X8 has been sold short.Short Interest Ratio / Days to Cover8X8 has a short interest ratio ("days to cover") of 10.4, which indicates bearish sentiment.Change versus previous monthShort interest in 8X8 has recently decreased by 9.68%, indicating that investor sentiment is improving significantly. Previous Next 0.0 Dividend Strength Dividend Yield8X8 does not currently pay a dividend.Dividend Growth8X8 does not have a long track record of dividend growth. Previous Next N/A Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreThere is no current Upright™ data available for EGHT. Previous Next 1.7 News and Social Media Coverage News Sentiment8X8 has a news sentiment score of -0.02. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.52 average news sentiment score of Computer and Technology companies.News Coverage This WeekMarketBeat has tracked 7 news articles for 8X8 this week, compared to 4 articles on an average week.Search InterestOnly 3 people have searched for EGHT on MarketBeat in the last 30 days. This is a decrease of -50% compared to the previous 30 days.MarketBeat Follows3 people have added 8X8 to their MarketBeat watchlist in the last 30 days. This is an increase of 200% compared to the previous 30 days. Previous Next 2.5 Company Ownership Insider Buying vs. Insider SellingIn the past three months, 8X8 insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $197,198.00 in company stock.Percentage Held by InsidersOnly 1.30% of the stock of 8X8 is held by insiders.Percentage Held by Institutions94.22% of the stock of 8X8 is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 0.0 Earnings and Valuation Price to Earnings Ratio vs. the MarketThe P/E ratio of 8X8 is -6.67, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.Price to Earnings Ratio vs. SectorThe P/E ratio of 8X8 is -6.67, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.Price to Book Value per Share Ratio8X8 has a P/B Ratio of 4.88. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here About 8X8 (NASDAQ:EGHT) Stock8x8, 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.Read More Receive EGHT Stock News and Ratings via Email Sign-up to receive the latest news and ratings for 8X8 and its competitors with MarketBeat's FREE daily newsletter. Email Address EGHT Stock News HeadlinesMay 31, 2023 | tmcnet.comSamuel Wilson Set to Lead 8x8 into the FutureMay 31, 2023 | marketwatch.com8x8 Names Samuel Wilson Permanent Chief Executive >EGHTJune 4, 2023 | Stocks To Trade (Ad)15 A.I. Trading Opportunities a DayUsing our algorithm, we sift through 15,000 stocks every second. We generate 15 trading opportunities a day.May 31, 2023 | markets.businessinsider.com8x8 Names Samuel Wilson CEOMay 31, 2023 | finance.yahoo.com8x8 Appoints Samuel Wilson as CEOMay 30, 2023 | 247wallst.comSylebra Capital Loses Patience With 8x8's Management and Takes Activist Route to Push For ChangeMay 29, 2023 | nasdaq.comSylebra Capital Loses Patience with 8x8’s Management and Takes Activist Route to Push For ChangeMay 27, 2023 | americanbankingnews.com8x8, Inc. (NASDAQ:EGHT) Receives $6.08 Consensus Target Price from AnalystsJune 4, 2023 | Stocks To Trade (Ad)15 A.I. Trading Opportunities a DayUsing our algorithm, we sift through 15,000 stocks every second. We generate 15 trading opportunities a day.May 26, 2023 | msn.comRingCentral potential combination with 8x8 make sense, analyst saysMay 26, 2023 | msn.comEarnings Estimates Moving Higher for 8x8 (EGHT): Time to Buy?May 26, 2023 | finance.yahoo.comEGHT vs. NEWR: Which Stock Should Value Investors Buy Now?May 23, 2023 | finance.yahoo.com8x8 Contact Center Wins TrustRadius 2023 Top Rated AwardsMay 19, 2023 | markets.businessinsider.com9 Analysts Have This to Say About 8x8May 19, 2023 | markets.businessinsider.comNeedham Reaffirms Their Buy Rating on 8X8 (EGHT)May 17, 2023 | americanbankingnews.comStockNews.com Upgrades 8X8 (NASDAQ:EGHT) to BuyMay 16, 2023 | finance.yahoo.comJackson Lewis Turns to 8x8 XCaaS for Improved Engagement and Simplified AdministrationMay 15, 2023 | markets.businessinsider.comAnalysts’ Opinions Are Mixed on These Technology Stocks: Honeywell International (HON), CyberArk Software (CYBR) and 8X8 (EGHT)May 15, 2023 | americanbankingnews.com8X8 (NASDAQ:EGHT) PT Lowered to $3.00 at Wells Fargo & CompanyMay 15, 2023 | americanbankingnews.comBarclays Cuts 8X8 (NASDAQ:EGHT) Price Target to $4.00May 12, 2023 | msn.comNeedham Reiterates 8X8 (EGHT) Buy RecommendationMay 12, 2023 | msn.comWedbush Reiterates 8X8 (EGHT) Neutral RecommendationMay 12, 2023 | msn.comMorgan Stanley Maintains 8X8 (EGHT) Equal-Weight RecommendationMay 12, 2023 | theglobeandmail.com8x8 (EGHT) Stock Trades Down, Here Is WhyMay 12, 2023 | seekingalpha.com8X8 Non-GAAP EPS of $0.11 beats by $0.02, revenue of $184.53M misses by $1.21MMay 12, 2023 | markets.businessinsider.com8x8 Gets Price Target Cuts By Analysts Following Q4 ResultsMay 11, 2023 | finance.yahoo.com8x8 (EGHT) Beats Q4 Earnings EstimatesSee More Headlines EGHT Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart EGHT Company Calendar Last Earnings11/02/2021Today6/04/2023Next Earnings (Estimated)7/26/2023Fiscal Year End3/31/2024Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNASDAQ Industry Data processing & preparation Sub-IndustryN/A SectorComputer and Technology Current SymbolNASDAQ:EGHT CUSIPN/A CIK1023731 Webwww.8x8.com Phone(408) 727-1885Fax408-727-1885Employees1,921Year FoundedN/APrice Target and Rating Average Stock Price Forecast$6.16 High Stock Price Forecast$10.00 Low Stock Price Forecast$3.00 Forecasted Upside/Downside+46.6%Consensus RatingHold Rating Score (0-4)2.27 Research Coverage15 Analysts Profitability EPS (Most Recent Fiscal Year)($0.63) Trailing P/E RatioN/A Forward P/E RatioN/A P/E GrowthN/ANet Income$-73,140,000.00 Net Margins-9.83% Pretax Margin-9.45% Return on Equity-51.00% Return on Assets-6.08% Debt Debt-to-Equity Ratio4.29 Current Ratio1.19 Quick Ratio1.19 Sales & Book Value Annual Sales$743.94 million Price / Sales0.66 Cash Flow$0.38 per share Price / Cash Flow11.14 Book Value$0.86 per share Price / Book4.88Miscellaneous Outstanding Shares116,360,000Free Float114,851,000Market Cap$488.71 million OptionableOptionable Beta1.27 Key ExecutivesSamuel C. WilsonChief Executive OfficerKevin KrausChief Financial OfficerBryan R. MartinChief Technology OfficerMichael ArmerChief Information Security Officer & VPHunter MiddletonChief Product Officer & Senior Vice President-R&DKey CompetitorstrivagoNASDAQ:TRVGSohu.comNASDAQ:SOHUTucowsNASDAQ:TCXOomaNYSE:OOMAInnodataNASDAQ:INODView All CompetitorsInsiders & InstitutionsToroso Investments LLCBought 10,489 shares on 5/23/2023Ownership: 0.009%Ameriprise Financial Inc.Bought 215,701 shares on 5/22/2023Ownership: 0.684%New York State Common Retirement FundBought 34,261 shares on 5/18/2023Ownership: 0.108%Advisory Services Network LLCBought 13,500 shares on 5/17/2023Ownership: 0.012%Apollon Wealth Management LLCBought 14,293 shares on 5/16/2023Ownership: 0.013%View All Insider TransactionsView All Institutional Transactions EGHT Stock - Frequently Asked Questions Should I buy or sell 8X8 stock right now? 15 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for 8X8 in the last twelve months. There are currently 1 sell rating, 9 hold ratings and 5 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" EGHT shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in EGHT, but not buy additional shares or sell existing shares. View EGHT analyst ratings or view top-rated stocks. What is 8X8's stock price forecast for 2023? 15 analysts have issued 1 year target prices for 8X8's stock. Their EGHT share price forecasts range from $3.00 to $10.00. On average, they anticipate the company's stock price to reach $6.16 in the next twelve months. This suggests a possible upside of 46.6% from the stock's current price. View analysts price targets for EGHT or view top-rated stocks among Wall Street analysts. How have EGHT shares performed in 2023? 8X8's stock was trading at $4.32 on January 1st, 2023. Since then, EGHT shares have decreased by 2.8% and is now trading at $4.20. View the best growth stocks for 2023 here. Are investors shorting 8X8? 8X8 saw a drop in short interest in May. As of May 15th, there was short interest totaling 16,040,000 shares, a drop of 9.7% from the April 30th total of 17,760,000 shares. Based on an average daily volume of 1,540,000 shares, the short-interest ratio is currently 10.4 days. Currently, 14.8% of the shares of the company are sold short. View 8X8's Short Interest. When is 8X8's next earnings date? The company is scheduled to release its next quarterly earnings announcement on Wednesday, July 26th 2023. View our EGHT earnings forecast. How were 8X8's earnings last quarter? 8x8, Inc. (NASDAQ:EGHT) posted its earnings results on Tuesday, November, 2nd. The company reported $0.01 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.01. The company earned $151.56 million during the quarter, compared to the consensus estimate of $149.48 million. 8X8 had a negative trailing twelve-month return on equity of 51.00% and a negative net margin of 9.83%. During the same period in the prior year, the company posted ($0.28) earnings per share. What ETFs hold 8X8's stock? ETFs with the largest weight of 8X8 (NASDAQ:EGHT) stock in their portfolio include Invesco Nasdaq Future Gen 200 ETF (QQQS), SPDR S&P Software & Services ETF (XSW), Syntax Stratified SmallCap ETF (SSLY), Direxion Daily Cloud Computing Bull 2x (CLDL) and Carbon Collective Climate Solutions U.S. Equity ETF (CCSO). What guidance has 8X8 issued on next quarter's earnings? 8X8 issued an update on its FY 2024 earnings guidance on Friday, May, 12th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $755.00 million-$763.00 million, compared to the consensus revenue estimate of $744.92 million. What is 8X8's stock symbol? 8X8 trades on the NASDAQ under the ticker symbol "EGHT." Who are 8X8's major shareholders? 8X8's stock is owned by many different retail and institutional investors. Top institutional investors include Sylebra Capital Ltd (12.73%), ArrowMark Colorado Holdings LLC (10.63%), State Street Corp (4.28%), Geode Capital Management LLC (1.91%), Impax Asset Management Group plc (1.59%) and ExodusPoint Capital Management LP (1.09%). Insiders that own company stock include Bryan R Martin, David Sipes, Dejan Deklich, Elizabeth Harriet Theophille, Eric Salzman, Germaine Cota, Hunter Middleton, Laurence Denny, Matthew Zinn, Nathan Blecharczyk, Samuel C Wilson, Steve Seger and Vikram Verma. View institutional ownership trends. How do I buy shares of 8X8? Shares of EGHT stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab. Compare Top Brokerages Here. What is 8X8's stock price today? One share of EGHT stock can currently be purchased for approximately $4.20. How much money does 8X8 make? 8X8 (NASDAQ:EGHT) has a market capitalization of $488.71 million and generates $743.94 million in revenue each year. The company earns $-73,140,000.00 in net income (profit) each year or ($0.63) on an earnings per share basis. How many employees does 8X8 have? The company employs 1,921 workers across the globe. How can I contact 8X8? 8X8's mailing address is 675 Creekside Way, Campbell CA, 95008. The official website for the company is www.8x8.com. The company can be reached via phone at (408) 727-1885, via email at investor.relations@8x8.com, or via fax at 408-727-1885. 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