8X8 (NASDAQ:EGHT) Given Buy Rating at Rosenblatt Securities

Rosenblatt Securities reiterated their buy rating on shares of 8X8 (NASDAQ:EGHT) in a report published on Wednesday morning,Benzinga reports. They currently have a $2.50 target price on the stock.

Other equities research analysts have also issued research reports about the company. Weiss Ratings restated a “sell (d-)” rating on shares of 8X8 in a research report on Wednesday, October 8th. Wall Street Zen upgraded 8X8 from a “buy” rating to a “strong-buy” rating in a research report on Friday, September 5th. Finally, Morgan Stanley set a $1.90 target price on 8X8 in a research report on Friday, August 29th. Three equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and four have assigned a Sell rating to the stock. According to MarketBeat.com, 8X8 has an average rating of “Reduce” and a consensus price target of $2.49.

8X8 Trading Up 24.3%

NASDAQ EGHT opened at $2.20 on Wednesday. The business’s 50-day moving average price is $2.01 and its two-hundred day moving average price is $1.91. 8X8 has a 12 month low of $1.52 and a 12 month high of $3.52. The firm has a market capitalization of $300.01 million, a PE ratio of -13.75, a price-to-earnings-growth ratio of 2.13 and a beta of 1.89. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 2.56.

8X8 (NASDAQ:EGHT) last released its quarterly earnings results on Tuesday, November 4th. The company reported $0.06 EPS for the quarter, beating analysts’ consensus estimates of $0.02 by $0.04. 8X8 had a positive return on equity of 11.38% and a negative net margin of 2.96%. 8X8 has set its FY 2026 guidance at 0.310-0.330 EPS. Q3 2026 guidance at 0.080-0.090 EPS. On average, analysts expect that 8X8 will post 0.04 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Nisa Investment Advisors LLC raised its stake in 8X8 by 359.7% during the 2nd quarter. Nisa Investment Advisors LLC now owns 13,042 shares of the company’s stock worth $26,000 after buying an additional 10,205 shares during the period. National Bank of Canada FI acquired a new position in 8X8 during the 1st quarter worth approximately $26,000. Diversified Trust Co acquired a new position in 8X8 during the 2nd quarter worth approximately $28,000. Algert Global LLC purchased a new stake in shares of 8X8 in the first quarter worth approximately $29,000. Finally, Brighton Jones LLC bought a new position in shares of 8X8 in the third quarter valued at approximately $34,000. 93.99% of the stock is owned by institutional investors and hedge funds.

8X8 Company Profile

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.