What is B. Riley’s Estimate for 8X8 FY2025 Earnings?

8×8, Inc. (NASDAQ:EGHT) – Equities researchers at B. Riley issued their FY2025 EPS estimates for 8X8 in a note issued to investors on Wednesday, February 5th. B. Riley analyst J. Nichols expects that the company will post earnings of $0.04 per share for the year. B. Riley has a “Buy” rating and a $4.00 price objective on the stock. The consensus estimate for 8X8’s current full-year earnings is $0.01 per share. B. Riley also issued estimates for 8X8’s FY2026 earnings at $0.04 EPS.

Other equities analysts have also issued reports about the company. Needham & Company LLC boosted their price target on 8X8 from $3.00 to $3.50 and gave the stock a “buy” rating in a research report on Wednesday, February 5th. Wells Fargo & Company boosted their target price on shares of 8X8 from $1.50 to $2.00 and gave the stock an “underweight” rating in a research report on Tuesday, November 5th. StockNews.com downgraded shares of 8X8 from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, February 5th. Mizuho downgraded shares of 8X8 from a “neutral” rating to an “underperform” rating and dropped their price target for the stock from $2.75 to $2.50 in a research note on Friday, December 13th. Finally, Barclays upped their price objective on shares of 8X8 from $2.50 to $3.00 and gave the company an “equal weight” rating in a research report on Wednesday, February 5th. Three analysts have rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, 8X8 has an average rating of “Hold” and a consensus target price of $2.99.

8X8 Trading Up 3.8 %

Shares of EGHT opened at $2.97 on Monday. 8X8 has a 12 month low of $1.51 and a 12 month high of $3.41. The stock’s 50-day moving average is $2.78 and its two-hundred day moving average 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 stock has a market cap of $391.12 million, a PE ratio of -8.25, a P/E/G ratio of 24.40 and a beta of 1.66.

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

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in EGHT. B. Riley Financial Inc. bought a new position in 8X8 during the third quarter worth $1,997,000. Geode Capital Management LLC raised its holdings in shares of 8X8 by 8.6% during the third quarter. Geode Capital Management LLC now owns 2,982,393 shares of the company’s stock worth $6,085,000 after purchasing an additional 237,181 shares during the period. BNP Paribas Financial Markets lifted its position in shares of 8X8 by 8.2% in the 3rd quarter. BNP Paribas Financial Markets now owns 148,201 shares of the company’s stock worth $302,000 after buying an additional 11,287 shares during the last quarter. FMR LLC boosted its holdings in shares of 8X8 by 24.5% in the 3rd quarter. FMR LLC now owns 1,600,112 shares of the company’s stock valued at $3,264,000 after buying an additional 314,441 shares during the period. Finally, Sanctuary Advisors LLC grew its position in shares of 8X8 by 178.7% during the 3rd quarter. Sanctuary Advisors LLC now owns 94,076 shares of the company’s stock valued at $192,000 after buying an additional 60,316 shares during the last quarter. Institutional investors and hedge funds own 93.99% of the company’s stock.

Insiders Place Their Bets

In other 8X8 news, insider Laurence Denny sold 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, February 11th. The stock was sold at an average price of $3.00, for a total transaction of $30,000.00. Following the sale, the insider now owns 233,791 shares in the company, valued at $701,373. This represents a 4.10 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Insiders sold a total of 12,980 shares of company stock valued at $38,817 in the last ninety days. Corporate insiders own 1.22% of the company’s stock.

8X8 Company Profile

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.