Media coverage about 8X8 (NASDAQ:EGHT) has trended positive recently, according to Accern Sentiment Analysis. Accern identifies negative and positive news coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. 8X8 earned a news impact score of 0.33 on Accern’s scale. Accern also gave media headlines about the technology company an impact score of 46.7929338288121 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
Here are some of the news stories that may have effected Accern Sentiment’s rankings:
- Don’t forget Final Friday today (dodgeglobe.com)
- 8X8 (EGHT) Cut to Buy at BidaskClub (americanbankingnews.com)
- 8X8 (EGHT) Cut to “Sell” at Zacks Investment Research (americanbankingnews.com)
- UK will release official request for 8×8 armored for MIV program of British army (armyrecognition.com)
- 8X8 (EGHT) Upgraded at Zacks Investment Research (americanbankingnews.com)
NASDAQ:EGHT traded up $0.45 during trading hours on Thursday, hitting $18.60. 365,610 shares of the stock traded hands, compared to its average volume of 934,041. 8X8 has a 1 year low of $10.30 and a 1 year high of $20.25. The company has a market capitalization of $1,780.00, a P/E ratio of -23.85 and a beta of 0.67.
A number of equities research analysts have issued reports on the stock. TheStreet lowered shares of 8X8 from a “c” rating to a “d” rating in a report on Thursday, January 25th. Zacks Investment Research raised shares of 8X8 from a “sell” rating to a “hold” rating in a research report on Tuesday. BidaskClub cut shares of 8X8 from a “strong-buy” rating to a “buy” rating in a research report on Thursday. B. Riley reissued a “hold” rating and set a $14.00 price target on shares of 8X8 in a research report on Tuesday, January 23rd. Finally, Needham & Company LLC reissued a “buy” rating and set a $19.00 price target (up from $16.00) on shares of 8X8 in a research report on Friday, January 26th. Six investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $18.90.
In other 8X8 news, SVP Darren J. Hakeman sold 8,000 shares of the business’s stock in a transaction on Friday, February 16th. The shares were sold at an average price of $18.47, for a total transaction of $147,760.00. Following the transaction, the senior vice president now owns 62,886 shares in the company, valued at $1,161,504.42. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Dejan Deklich sold 9,300 shares of the business’s stock in a transaction on Friday, March 9th. The shares were sold at an average price of $19.70, for a total transaction of $183,210.00. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 117,300 shares of company stock worth $2,116,970. 4.40% of the stock is owned by insiders.
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8X8 Company Profile
8×8, Inc provides cloud-based, enterprise-class software solutions. The Company’s solutions are delivered through Software as a Service (SaaS) business model. Its segments include Americas and Europe. Its software platform brings together cloud, mobile, collaboration, video and data science technologies.
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