B. Riley Issues Optimistic Outlook for 8X8 Earnings

8×8 Inc (NASDAQ:EGHT) – Analysts at B. Riley raised their Q3 2026 earnings estimates for 8X8 in a research report issued on Tuesday, November 4th. B. Riley analyst J. Nichols now expects that the company will post earnings per share of $0.04 for the quarter, up from their prior forecast of $0.03. The consensus estimate for 8X8’s current full-year earnings is $0.04 per share.

A number of other equities analysts have also commented on the stock. Rosenblatt Securities restated a “buy” rating and issued a $2.50 price target on shares of 8X8 in a research report on Wednesday. Wall Street Zen upgraded shares of 8X8 from a “buy” rating to a “strong-buy” rating in a research report on Friday, September 5th. Weiss Ratings restated a “sell (d-)” rating on shares of 8X8 in a report on Wednesday, October 8th. Finally, Morgan Stanley set a $1.90 target price on shares of 8X8 in a research report on Friday, August 29th. Three research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and four have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Reduce” and an average price target of $2.49.

8X8 Stock Performance

Shares of 8X8 stock traded down $0.02 during trading on Friday, reaching $1.96. The company’s stock had a trading volume of 136,495 shares, compared to its average volume of 1,022,808. 8X8 has a one year low of $1.52 and a one year high of $3.52. The company has a debt-to-equity ratio of 2.56, a quick ratio of 1.18 and a current ratio of 1.18. The firm has a market cap of $266.60 million, a price-to-earnings ratio of -12.22, a price-to-earnings-growth ratio of 2.13 and a beta of 1.94. The business’s fifty day moving average price is $2.01 and its 200-day moving average price is $1.91.

Institutional Investors Weigh In On 8X8

Large investors have recently bought and sold shares of the company. Cerity Partners LLC grew its position in 8X8 by 34.8% in the first quarter. Cerity Partners LLC now owns 38,068 shares of the company’s stock valued at $76,000 after acquiring an additional 9,829 shares during the last quarter. Victory Capital Management Inc. boosted its stake in shares of 8X8 by 81.3% during the first quarter. Victory Capital Management Inc. now owns 83,819 shares of the company’s stock valued at $168,000 after purchasing an additional 37,589 shares in the last quarter. Segall Bryant & Hamill LLC acquired a new stake in 8X8 during the 1st quarter worth approximately $2,910,000. Summit Partners L P bought a new stake in 8X8 during the 1st quarter worth approximately $140,000. Finally, XTX Topco Ltd raised its stake in shares of 8X8 by 17.7% during the first quarter. XTX Topco Ltd now owns 188,979 shares of the company’s stock valued at $378,000 after acquiring an additional 28,454 shares during the last quarter. 93.99% of the stock is currently owned by institutional investors and hedge funds.

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.