Equities Analysts Issue Forecasts for 8X8 Q1 Earnings

8×8, Inc. (NASDAQ:EGHT) – Analysts at Wedbush lowered their Q1 2026 EPS estimates for 8X8 in a report released on Tuesday, May 20th. Wedbush analyst D. Ives now expects that the company will post earnings of $0.02 per share for the quarter, down from their previous estimate of $0.04. The consensus estimate for 8X8’s current full-year earnings is $0.04 per share. Wedbush also issued estimates for 8X8’s Q2 2026 earnings at $0.05 EPS, Q3 2026 earnings at $0.03 EPS, Q4 2026 earnings at $0.02 EPS, FY2026 earnings at $0.11 EPS and FY2027 earnings at $0.18 EPS.

A number of other brokerages have also issued reports on EGHT. Needham & Company LLC boosted their target price 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 cut their price objective on 8X8 from $2.00 to $1.50 and set an “underweight” rating on the stock in a report on Tuesday, April 22nd. B. Riley reiterated a “buy” rating and issued a $3.00 target price (down from $4.00) on shares of 8X8 in a report on Wednesday, May 14th. Wall Street Zen lowered shares of 8X8 from a “strong-buy” rating to a “buy” rating in a report on Wednesday. Finally, Rosenblatt Securities restated a “buy” rating and issued a $2.70 price target on shares of 8X8 in a research report on Tuesday. Three 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’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $2.51.

8X8 Price Performance

Shares of NASDAQ:EGHT opened at $1.59 on Friday. The company has a market capitalization of $209.39 million, a PE ratio of -4.42, a price-to-earnings-growth ratio of 6.08 and a beta of 1.80. The company has a debt-to-equity ratio of 3.08, a quick ratio of 1.24 and a current ratio of 1.25. The stock has a fifty day moving average of $1.83 and a 200-day moving average of $2.44. 8X8 has a one year low of $1.51 and a one year high of $3.52.

Insider Activity

In other 8X8 news, major shareholder Sylebra Capital Llc sold 50,000 shares of 8X8 stock in a transaction on Friday, March 21st. The shares were sold at an average price of $2.14, for a total transaction of $107,000.00. Following the completion of the sale, the insider now owns 14,187,327 shares of the company’s stock, valued at $30,360,879.78. This trade represents a 0.35% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders have sold 254,678 shares of company stock worth $562,412 in the last 90 days. Company insiders own 1.22% of the company’s stock.

Hedge Funds Weigh In On 8X8

A number of hedge funds have recently modified their holdings of EGHT. Vanguard Group Inc. boosted its position in 8X8 by 3.1% during the first quarter. Vanguard Group Inc. now owns 13,009,471 shares of the company’s stock valued at $26,019,000 after purchasing an additional 393,478 shares during the last quarter. Boston Partners lifted its holdings in shares of 8X8 by 3.9% during the 4th quarter. Boston Partners now owns 6,644,856 shares of the company’s stock valued at $17,742,000 after buying an additional 252,083 shares during the last quarter. Bank of America Corp DE grew its stake in shares of 8X8 by 7.0% in the 4th quarter. Bank of America Corp DE now owns 3,795,150 shares of the company’s stock valued at $10,133,000 after buying an additional 249,798 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of 8X8 by 1.4% in the 4th quarter. Geode Capital Management LLC now owns 3,024,322 shares of the company’s stock valued at $8,077,000 after buying an additional 41,929 shares in the last quarter. Finally, Acadian Asset Management LLC increased its holdings in 8X8 by 60.7% in the first quarter. Acadian Asset Management LLC now owns 2,601,752 shares of the company’s stock worth $5,201,000 after buying an additional 982,342 shares during the last quarter. 93.99% of the stock is owned by institutional investors and hedge funds.

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.