B. Riley Forecasts 8X8's Q4 Earnings (NASDAQ:EGHT)

8x8, Inc. (NASDAQ:EGHT - Free Report) - Equities research analysts at B. Riley issued their Q4 2025 earnings per share estimates for 8X8 in a research report issued on Wednesday, February 5th. B. Riley analyst J. Nichols anticipates that the company will earn $0.01 per share for the quarter. B. Riley currently has a "Buy" rating and a $4.00 target price on the stock. The consensus estimate for 8X8's current full-year earnings is $0.01 per share.

A number of other research analysts have also weighed in on the company. Wells Fargo & Company raised their price objective on 8X8 from $1.50 to $2.00 and gave the company an "underweight" rating in a research report on Tuesday, November 5th. StockNews.com lowered shares of 8X8 from a "strong-buy" rating to a "buy" rating in a report on Wednesday, February 5th. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of 8X8 in a report on Saturday, February 1st. Barclays boosted their price objective on 8X8 from $2.50 to $3.00 and gave the stock an "equal weight" rating in a research note on Wednesday, February 5th. Finally, Wedbush upgraded 8X8 to a "hold" rating in a report on Thursday, October 17th. Three research analysts have rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, 8X8 has a consensus rating of "Hold" and a consensus price target of $2.99.

8X8 Price Performance

Shares of NASDAQ EGHT traded up $0.19 during mid-day trading on Friday, reaching $3.05. The company's stock had a trading volume of 1,620,338 shares, compared to its average volume of 961,818. The stock has a fifty day moving average of $2.78 and a two-hundred day moving average of $2.43. The firm has a market capitalization of $401.00 million, a PE ratio of -8.46, a P/E/G ratio of 24.40 and a beta of 1.66. 8X8 has a 52 week low of $1.51 and a 52 week high of $3.41. The company has a debt-to-equity ratio of 3.08, a current ratio of 1.25 and a quick ratio of 1.18.

8X8 (NASDAQ:EGHT - Get Free Report) last issued its quarterly earnings data on Tuesday, February 4th. The company reported $0.04 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.01 by $0.03. 8X8 had a negative net margin of 6.33% and a negative return on equity of 1.45%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. B. Riley Financial Inc. bought a new position in 8X8 in the third quarter worth approximately $1,997,000. Invenomic Capital Management LP lifted its stake in shares of 8X8 by 10.5% during the 3rd quarter. Invenomic Capital Management LP now owns 5,528,497 shares of the company's stock worth $11,278,000 after purchasing an additional 524,580 shares during the last quarter. FMR LLC raised its holdings in 8X8 by 24.5% in the third quarter. FMR LLC now owns 1,600,112 shares of the company's stock worth $3,264,000 after purchasing an additional 314,441 shares in the last quarter. Boston Partners boosted its holdings in shares of 8X8 by 3.9% in the 4th quarter. Boston Partners now owns 6,644,856 shares of the company's stock valued at $17,742,000 after buying an additional 252,083 shares in the last quarter. Finally, Geode Capital Management LLC grew its position in shares of 8X8 by 8.6% in the 3rd quarter. Geode Capital Management LLC now owns 2,982,393 shares of the company's stock worth $6,085,000 after buying an additional 237,181 shares during the last quarter. 93.99% of the stock is currently owned by institutional investors.

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.