Wedbush Estimates 8X8’s FY2025 Earnings (NASDAQ:EGHT)

8×8, Inc. (NASDAQ:EGHT) – Equities researchers at Wedbush increased their FY2025 earnings per share estimates for shares of 8X8 in a report released on Wednesday, February 5th. Wedbush analyst D. Ives now expects that the company will earn $0.04 per share for the year, up from their previous forecast of $0.01. Wedbush currently has a “Hold” rating on the stock. The consensus estimate for 8X8’s current full-year earnings is $0.01 per share. Wedbush also issued estimates for 8X8’s Q2 2026 earnings at $0.04 EPS, Q3 2026 earnings at $0.05 EPS and FY2026 earnings at $0.18 EPS.

Several other equities analysts also recently weighed in on EGHT. Rosenblatt Securities decreased their target price on 8X8 from $3.50 to $3.30 and set a “buy” rating on the stock in a research report on Monday, February 3rd. Barclays raised their price objective on 8X8 from $2.50 to $3.00 and gave the company an “equal weight” rating in a report on Wednesday, February 5th. Needham & Company LLC upped their target price on shares of 8X8 from $3.00 to $3.50 and gave the stock a “buy” rating in a report on Wednesday, February 5th. Wells Fargo & Company raised their price target 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. Finally, Mizuho cut shares of 8X8 from a “neutral” rating to an “underperform” rating and dropped their price objective for the company from $2.75 to $2.50 in a research note on Friday, December 13th. Three equities research analysts have rated the stock with a sell rating, two have given a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $2.99.

8X8 Trading Up 3.8 %

Shares of 8X8 stock opened at $2.97 on Monday. The company has a current ratio of 1.25, a quick ratio of 1.18 and a debt-to-equity ratio of 3.08. 8X8 has a twelve month low of $1.51 and a twelve month high of $3.41. The firm has a market capitalization of $391.12 million, a PE ratio of -8.25, a P/E/G ratio of 24.40 and a beta of 1.66. The firm’s 50-day moving average price is $2.78 and its 200 day moving average price is $2.43.

8X8 (NASDAQ:EGHT) last posted its quarterly earnings data on Tuesday, February 4th. The company reported $0.04 earnings per share (EPS) for the quarter, beating the consensus estimate 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 Trading of 8X8

Hedge funds and other institutional investors have recently modified their holdings of the business. Sei Investments Co. purchased a new stake in 8X8 during the second quarter worth about $44,000. Sanctuary Advisors LLC acquired a new stake in 8X8 during the 2nd quarter worth approximately $77,000. Creative Planning lifted its holdings in 8X8 by 16.6% during 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. Wealth Enhancement Advisory Services LLC acquired a new position in shares of 8X8 in the third quarter worth $30,000. Finally, Versor Investments LP acquired a new position in shares of 8X8 in the third quarter worth $136,000. 93.99% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at 8X8

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

About 8X8

8×8, 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.