8X8 (NASDAQ:EGHT) Receives “Buy” Rating from Rosenblatt Securities

8X8 (NASDAQ:EGHT)‘s stock had its “buy” rating reiterated by analysts at Rosenblatt Securities in a research note issued to investors on Wednesday,Benzinga reports. They presently have a $3.00 price target on the stock. Rosenblatt Securities’ price target points to a potential upside of 33.93% from the company’s current price.

Separately, Weiss Ratings raised shares of 8X8 from a “sell (e+)” rating to a “sell (d)” rating in a report on Thursday, June 4th. One analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, 8X8 presently has an average rating of “Hold” and an average price target of $2.45.

8X8 Stock Performance

Shares of 8X8 stock opened at $2.24 on Wednesday. The business’s fifty day simple moving average is $1.90 and its 200 day simple moving average is $2.01. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 1.93. 8X8 has a 12 month low of $1.57 and a 12 month high of $2.88. The firm has a market capitalization of $317.59 million, a P/E ratio of 112.06, a price-to-earnings-growth ratio of 1.49 and a beta of 1.83.

Insider Activity

In other 8X8 news, Director Elizabeth Harriet Theophille sold 20,207 shares of 8X8 stock in a transaction that occurred on Monday, July 27th. The shares were sold at an average price of $1.81, for a total transaction of $36,574.67. Following the completion of the sale, the director directly owned 167,086 shares in the company, valued at $302,425.66. The trade was a 10.79% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 2.13% of the company’s stock.

Institutional Trading of 8X8

Several institutional investors have recently added to or reduced their stakes in EGHT. Sequoia Financial Advisors LLC purchased a new position in 8X8 in the 1st quarter worth approximately $25,000. Prelude Capital Management LLC purchased a new position in shares of 8X8 during the third quarter valued at approximately $26,000. CIBC Bancorp USA Inc. purchased a new position in shares of 8X8 during the third quarter valued at approximately $30,000. Schonfeld Strategic Advisors LLC bought a new position in shares of 8X8 during the third quarter valued at approximately $31,000. Finally, Abel Hall LLC bought a new position in shares of 8X8 during the fourth quarter valued at approximately $33,000. 93.99% of the stock is currently owned by hedge funds and other institutional investors.

Key 8X8 News

Here are the key news stories impacting 8X8 this week:

• Positive Sentiment: Record revenue and an earnings beat: 8×8 reported fiscal Q1 2027 revenue of $190.17 million and adjusted earnings of $0.09 per share, exceeding consensus estimates cited by analysts. The quarter also marked a year-over-year improvement from $0.08 per share. 8×8 Reports Record Revenue in First Quarter 8×8 Surpasses Q1 Earnings and Revenue Estimates
• Positive Sentiment: Revenue outlook increased above expectations: Management guided fiscal Q2 revenue to $185 million-$190 million, above the $184 million consensus estimate, and raised or reaffirmed fiscal 2027 revenue guidance at $745 million-$765 million versus consensus of $737.6 million. Fiscal-year EPS guidance of $0.33-$0.38 begins at the consensus estimate of $0.33. 8×8 Q2 Beats on Revenue and Full-Year Outlook
• Positive Sentiment: AI and customer-experience momentum: 8×8 said AI adoption more than doubled, while demand for its customer-experience offerings accelerated. This supports the company’s strategy of using AI to drive platform usage and future revenue growth. 8×8 AI Adoption More Than Doubles
• Neutral Sentiment: Profitability remains a consideration: Although EPS beat estimates, reported net margin was only 0.22%, meaning investors may continue to focus on whether revenue growth and AI adoption translate into durable margin expansion. 8×8 Fiscal Q1 Earnings Snapshot

8X8 Company Profile

8×8, Inc (NASDAQ: EGHT) is a global provider of cloud-based enterprise communications, collaboration and contact centre solutions. The company’s unified communications as a service (UCaaS) platform integrates voice, video, chat, SMS and contact-centre capabilities into a single, software-driven solution. By combining real-time analytics, team messaging and interoperability with third-party business applications, 8×8 aims to simplify communications infrastructure for organisations of all sizes.

Founded in 1987 and headquartered in Campbell, California, 8×8 pioneered hosted VoIP services for businesses in the late 1990s and went public on the NASDAQ in 1997.