FY2025 Earnings Forecast for 8X8 Issued By Wedbush

8×8, Inc. (NASDAQ:EGHT) – Stock analysts at Wedbush boosted their FY2025 earnings estimates for shares of 8X8 in a report released on Wednesday, February 5th. Wedbush analyst D. Ives now forecasts that the company will post earnings of $0.04 per share for the year, up from their previous forecast of $0.01. Wedbush currently has a “Hold” rating on the stock. The consensus estimate for 8X8’s current full-year earnings is $0.01 per share. Wedbush also issued estimates for 8X8’s Q2 2026 earnings at $0.04 EPS, Q3 2026 earnings at $0.05 EPS and FY2026 earnings at $0.18 EPS.

8X8 (NASDAQ:EGHT) last issued its earnings results on Tuesday, February 4th. The company reported $0.04 EPS for the quarter, topping the consensus estimate of $0.01 by $0.03. 8X8 had a negative return on equity of 1.45% and a negative net margin of 6.33%.

Other research analysts have also issued research reports about the stock. Mizuho lowered shares of 8X8 from a “neutral” rating to an “underperform” rating and decreased their price target for the company from $2.75 to $2.50 in a research note on Friday, December 13th. StockNews.com cut 8X8 from a “strong-buy” rating to a “buy” rating in a report on Wednesday, February 5th. B. Riley restated a “buy” rating and issued a $4.00 price target (down from $7.00) on shares of 8X8 in a research note on Thursday, October 24th. Barclays increased their price objective on 8X8 from $2.50 to $3.00 and gave the stock an “equal weight” rating in a research report on Wednesday, February 5th. Finally, Needham & Company LLC boosted their target price on shares of 8X8 from $3.00 to $3.50 and gave the company a “buy” rating in a research report on Wednesday, February 5th. Three investment analysts have rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the company. According to MarketBeat, 8X8 currently has a consensus rating of “Hold” and a consensus target price of $2.99.

8X8 Price Performance

NASDAQ:EGHT opened at $2.86 on Monday. The firm’s fifty day moving average price is $2.79 and its two-hundred day moving average price is $2.43. The company has a debt-to-equity ratio of 3.08, a current ratio of 1.25 and a quick ratio of 1.18. The company has a market cap of $376.63 million, a P/E ratio of -7.94, a P/E/G ratio of 24.40 and a beta of 1.66. 8X8 has a one year low of $1.51 and a one year high of $3.41.

Institutional Trading of 8X8

A number of institutional investors have recently modified their holdings of the stock. Pallas Capital Advisors LLC acquired a new position in 8X8 in 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 about $30,000. Picton Mahoney Asset Management raised its position 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. Cibc World Markets Corp bought a new stake in shares of 8X8 during the 4th quarter worth approximately $32,000. Finally, Virtu Financial LLC acquired a new stake in shares of 8X8 during the 3rd quarter worth approximately $36,000. 93.99% of the stock is currently owned by institutional investors.

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.