Wedbush Estimates 8X8's Q4 Earnings (NASDAQ:EGHT)

8x8, Inc. (NASDAQ:EGHT - Free Report) - Investment analysts at Wedbush increased their Q4 2026 earnings per share (EPS) estimates for shares of 8X8 in a research report issued to clients and investors on Wednesday, February 5th. Wedbush analyst D. Ives now expects that the company will earn $0.05 per share for the quarter, up from their prior estimate of $0.04. Wedbush currently has a "Hold" rating on the stock. The consensus estimate for 8X8's current full-year earnings is $0.01 per share.

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

EGHT has been the topic of several other research reports. Barclays upped 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. Mizuho cut 8X8 from a "neutral" rating to an "underperform" rating and lowered their price objective for the company from $2.75 to $2.50 in a research report on Friday, December 13th. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of 8X8 in a research report on Saturday, February 1st. Rosenblatt Securities lowered their price objective on 8X8 from $3.50 to $3.30 and set a "buy" rating on the stock in a research report on Monday, February 3rd. Finally, Wells Fargo & Company upped 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. Three equities research analysts have rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $2.99.

8X8 Stock Up 6.3 %

Shares of 8X8 stock traded up $0.18 during midday trading on Friday, hitting $3.04. The company had a trading volume of 1,620,338 shares, compared to its average volume of 961,818. The company has a debt-to-equity ratio of 3.08, a quick ratio of 1.18 and a current ratio of 1.25. The stock has a market capitalization of $400.21 million, a P/E ratio of -8.46, a P/E/G ratio of 24.40 and a beta of 1.66. The company has a 50 day moving average of $2.78 and a 200 day moving average of $2.43. 8X8 has a 52-week low of $1.51 and a 52-week high of $3.41.

Institutional Investors Weigh In On 8X8

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Dimensional Fund Advisors LP increased its stake in 8X8 by 10.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,484,108 shares of the company's stock worth $3,294,000 after buying an additional 145,606 shares in the last quarter. Sei Investments Co. purchased a new stake in 8X8 in the 2nd quarter worth $44,000. Sanctuary Advisors LLC purchased a new stake in 8X8 in the 2nd quarter worth $77,000. Creative Planning increased its stake in 8X8 by 16.6% in the 3rd quarter. Creative Planning now owns 38,245 shares of the company's stock worth $78,000 after buying an additional 5,453 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC purchased a new stake in 8X8 in the 3rd quarter worth $30,000. 93.99% of the stock is currently owned by hedge funds and other 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.