Wedbush Analysts Raise Earnings Estimates for 8X8

8×8, Inc. (NASDAQ:EGHT) – Investment analysts at Wedbush boosted their Q4 2026 earnings estimates for shares of 8X8 in a report released on Wednesday, February 5th. Wedbush analyst D. Ives now expects that the company will post earnings of $0.05 per share for the quarter, up from their previous forecast of $0.04. Wedbush 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) last issued its quarterly earnings results 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 return on equity of 6.00% and a negative net margin of 9.68%.

Other equities research analysts have also recently issued research reports about the stock. StockNews.com cut shares of 8X8 from a “strong-buy” rating to a “buy” rating in a research report on Wednesday. Barclays upped their price target on shares of 8X8 from $2.50 to $3.00 and gave the stock an “equal weight” rating in a report on Wednesday. Weiss Ratings reissued a “sell (d-)” rating on shares of 8X8 in a research note on Saturday, February 1st. Wells Fargo & Company upped their target price on 8X8 from $1.50 to $2.00 and gave the stock an “underweight” rating in a research note on Tuesday, November 5th. Finally, B. Riley reiterated a “buy” rating and issued a $4.00 price target (down previously from $7.00) on shares of 8X8 in a research note on Thursday, October 24th. Three analysts have rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, 8X8 currently has a consensus rating of “Hold” and a consensus target price of $2.99.

8X8 Price Performance

NASDAQ:EGHT opened at $2.84 on Friday. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 3.26. 8X8 has a fifty-two week low of $1.51 and a fifty-two week high of $3.41. The stock has a fifty day moving average price of $2.80 and a 200-day moving average price of $2.44.

Institutional Investors Weigh In On 8X8

A number of hedge funds and other institutional investors have recently bought and sold shares of EGHT. Pallas Capital Advisors LLC acquired a new stake in shares of 8X8 during the fourth quarter valued at about $29,000. Wealth Enhancement Advisory Services LLC bought a new position in 8X8 in the 3rd quarter valued at approximately $30,000. Virtu Financial LLC acquired a new stake in 8X8 during the 3rd quarter worth approximately $36,000. Sei Investments Co. acquired a new position in 8X8 in the 2nd quarter valued at approximately $44,000. Finally, Intech Investment Management LLC bought a new position in shares of 8X8 during the third quarter valued at $49,000. Institutional investors own 93.99% of the company’s stock.

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.