Research Analysts’ Weekly Ratings Updates for 8X8 (EGHT)

Several analysts have recently updated their ratings and price targets for 8X8 (NASDAQ: EGHT):

• 5/29/2025 – 8X8 was downgraded by analysts at Wall Street Zen from a “strong-buy” rating to a “buy” rating.
• 5/24/2025 – 8X8 had its “sell (d-)” rating reaffirmed by analysts at Weiss Ratings.
• 5/21/2025 – 8X8 was downgraded by analysts at Wall Street Zen from a “strong-buy” rating to a “buy” rating.
• 5/20/2025 – 8X8 had its “buy” rating reaffirmed by analysts at Rosenblatt Securities. They now have a $2.70 price target on the stock.
• 5/14/2025 – 8X8 had its “buy” rating reaffirmed by analysts at B. Riley. They now have a $3.00 price target on the stock, down previously from $4.00.
• 5/12/2025 – 8X8 was downgraded by analysts at Wall Street Zen from a “strong-buy” rating to a “buy” rating.
• 5/10/2025 – 8X8 had its “sell (d-)” rating reaffirmed by analysts at Weiss Ratings.
• 4/24/2025 – 8X8 had its “sell (d-)” rating reaffirmed by analysts at Weiss Ratings.
• 4/24/2025 – 8X8 had its price target lowered by analysts at Rosenblatt Securities from $3.30 to $2.70. They now have a “buy” rating on the stock.
• 4/22/2025 – 8X8 had its price target lowered by analysts at Wells Fargo & Company from $2.00 to $1.50. They now have an “underweight” rating on the stock.
• 4/16/2025 – 8X8 had its price target lowered by analysts at Morgan Stanley from $2.60 to $1.90. They now have an “underweight” rating on the stock.
• 4/15/2025 – 8X8 had its price target lowered by analysts at Mizuho from $2.50 to $2.00. They now have an “underperform” rating on the stock.

8X8 Trading Up 0.3%

Shares of NASDAQ EGHT traded up $0.01 during mid-day trading on Tuesday, reaching $1.88. The company had a trading volume of 1,050,266 shares, compared to its average volume of 1,097,699. The business’s 50-day moving average is $1.73 and its 200-day moving average is $2.34. The company has a current ratio of 1.25, a quick ratio of 1.24 and a debt-to-equity ratio of 3.08. The stock has a market cap of $252.15 million, a price-to-earnings ratio of -5.21, a price-to-earnings-growth ratio of 6.08 and a beta of 1.79. 8×8, Inc. has a 52 week low of $1.51 and a 52 week high of $3.52.

Insiders Place Their Bets

In other 8X8 news, major shareholder Sylebra Capital Llc sold 50,000 shares of the stock in a transaction dated Friday, March 21st. The shares were sold at an average price of $2.14, for a total transaction of $107,000.00. Following the transaction, the insider now directly owns 14,187,327 shares in the company, valued at $30,360,879.78. This represents a 0.35% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders have sold a total of 254,678 shares of company stock worth $562,412 in the last three months. Corporate insiders own 1.22% of the company’s stock.

Institutional Trading of 8X8

A number of institutional investors have recently modified their holdings of the company. Cerity Partners LLC boosted its holdings in shares of 8X8 by 11.8% in the 4th quarter. Cerity Partners LLC now owns 28,239 shares of the company’s stock valued at $73,000 after buying an additional 2,983 shares in the last quarter. Picton Mahoney Asset Management boosted its holdings in shares of 8X8 by 53.6% in the 4th quarter. Picton Mahoney Asset Management now owns 11,104 shares of the company’s stock valued at $30,000 after buying an additional 3,876 shares in the last quarter. Rhumbline Advisers boosted its holdings in shares of 8X8 by 5.2% in the 4th quarter. Rhumbline Advisers now owns 165,380 shares of the company’s stock valued at $442,000 after buying an additional 8,100 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of 8X8 by 14.2% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 73,133 shares of the company’s stock valued at $195,000 after buying an additional 9,093 shares in the last quarter. Finally, Federated Hermes Inc. boosted its holdings in shares of 8X8 by 1.5% in the 4th quarter. Federated Hermes Inc. now owns 623,453 shares of the company’s stock valued at $1,665,000 after buying an additional 9,114 shares in the last quarter. 93.99% of the stock is currently owned by institutional investors.

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.