What is B. Riley's Forecast for 8X8 FY2025 Earnings?

8x8, Inc. (NASDAQ:EGHT - Free Report) - Research analysts at B. Riley issued their FY2025 earnings estimates for shares of 8X8 in a research note issued to investors on Wednesday, February 5th. B. Riley analyst J. Nichols expects that the company will post earnings per share of $0.04 for the year. B. Riley has a "Buy" rating and a $4.00 price target on the stock. The consensus estimate for 8X8's current full-year earnings is $0.01 per share. B. Riley also issued estimates for 8X8's FY2026 earnings at $0.04 EPS.

8X8 (NASDAQ:EGHT - Get Free Report) last announced its quarterly earnings results 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 return on equity of 1.45% and a negative net margin of 6.33%.

A number of other analysts have also weighed in on the stock. Wells Fargo & Company upped their price objective on shares of 8X8 from $1.50 to $2.00 and gave the stock an "underweight" rating in a research note on Tuesday, November 5th. Morgan Stanley upped their price target on shares of 8X8 from $2.00 to $2.60 and gave the stock an "underweight" rating in a research report on Wednesday, December 18th. Rosenblatt Securities dropped their price objective on shares of 8X8 from $3.50 to $3.30 and set a "buy" rating on the stock in a research note on Monday, February 3rd. Wedbush upgraded 8X8 to a "hold" rating in a report on Thursday, October 17th. Finally, StockNews.com cut 8X8 from a "strong-buy" rating to a "buy" rating in a research note on Wednesday, February 5th. Three analysts have rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $2.99.

8X8 Stock Up 6.1 %

Shares of EGHT stock traded up $0.20 during mid-day trading on Monday, hitting $3.47. The stock had a trading volume of 1,930,767 shares, compared to its average volume of 1,076,035. 8X8 has a 12-month low of $1.51 and a 12-month high of $3.50. The company has a debt-to-equity ratio of 3.08, a current ratio of 1.25 and a quick ratio of 1.18. The firm's 50-day moving average is $2.78 and its two-hundred day moving average is $2.44. The firm has a market capitalization of $456.96 million, a P/E ratio of -9.64, a price-to-earnings-growth ratio of 24.40 and a beta of 1.66.

Institutional Investors Weigh In On 8X8

Large investors have recently made changes to their positions in the stock. Sei Investments Co. acquired a new position in shares of 8X8 in the second quarter valued at about $44,000. Sanctuary Advisors LLC purchased a new stake in 8X8 in the second quarter valued at $77,000. Creative Planning lifted its holdings in shares of 8X8 by 16.6% in the 3rd quarter. Creative Planning now owns 38,245 shares of the company's stock valued at $78,000 after buying an additional 5,453 shares during the period. Wealth Enhancement Advisory Services LLC acquired a new position in shares of 8X8 in the 3rd quarter valued at about $30,000. Finally, Versor Investments LP purchased a new stake in shares of 8X8 in the third quarter worth about $136,000. 93.99% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other 8X8 news, insider Laurence Denny sold 10,000 shares of the business's stock in a transaction that occurred on Tuesday, February 11th. The shares were sold at an average price of $3.00, for a total transaction of $30,000.00. Following the sale, the insider now owns 233,791 shares of the company's stock, valued at approximately $701,373. The trade was a 4.10 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders have sold a total of 12,980 shares of company stock worth $38,817 in the last ninety days. 1.22% of the stock is owned by 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.