8X8 (NASDAQ:EGHT) Price Target Cut to $2.75 by Analysts at Rosenblatt Securities

8X8 (NASDAQ:EGHT) had its price target decreased by Rosenblatt Securities from $3.50 to $2.75 in a research note issued to investors on Thursday,Benzinga reports. Rosenblatt Securities currently has a buy rating on the stock.

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of 8X8 in a research note on Monday, December 29th. Two investment analysts have rated the stock with a Buy rating and four have issued a Sell rating to the company’s stock. According to MarketBeat.com, 8X8 currently has an average rating of “Reduce” and a consensus target price of $2.23.

8X8 Price Performance

Shares of EGHT stock opened at $2.73 on Thursday. The business’s fifty day moving average is $1.94 and its 200 day moving average is $1.96. The company has a quick ratio of 1.12, a current ratio of 1.13 and a debt-to-equity ratio of 2.06. The stock has a market cap of $378.49 million, a price-to-earnings ratio of -136.43, a PEG ratio of 2.45 and a beta of 1.80. 8X8 has a twelve month low of $1.52 and a twelve month high of $3.52.

Insider Transactions at 8X8

In related news, insider Hunter Middleton sold 85,044 shares of the company’s stock in a transaction dated Wednesday, February 4th. The shares were sold at an average price of $2.50, for a total value of $212,610.00. Following the transaction, the insider owned 652,943 shares in the company, valued at $1,632,357.50. The trade was a 11.52% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 2.01% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of EGHT. Vanguard Group Inc. grew its holdings in shares of 8X8 by 2.3% during the third quarter. Vanguard Group Inc. now owns 13,892,966 shares of the company’s stock valued at $29,453,000 after buying an additional 317,196 shares during the last quarter. Boston Partners lifted its position in 8X8 by 7.9% in the 3rd quarter. Boston Partners now owns 8,582,614 shares of the company’s stock valued at $18,192,000 after acquiring an additional 625,479 shares in the last quarter. Bank of America Corp DE boosted its stake in 8X8 by 31.9% during the 3rd quarter. Bank of America Corp DE now owns 6,234,230 shares of the company’s stock valued at $13,217,000 after purchasing an additional 1,506,586 shares during the last quarter. Acadian Asset Management LLC boosted its stake in 8X8 by 29.9% during the 2nd quarter. Acadian Asset Management LLC now owns 3,380,762 shares of the company’s stock valued at $6,623,000 after purchasing an additional 779,010 shares during the last quarter. Finally, Geode Capital Management LLC increased its holdings in shares of 8X8 by 2.7% in the 2nd quarter. Geode Capital Management LLC now owns 3,228,294 shares of the company’s stock worth $6,329,000 after purchasing an additional 84,176 shares in the last quarter. 93.99% of the stock is owned by hedge funds and other institutional investors.

8X8 News Roundup

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

• Positive Sentiment: Company raised FY2026 revenue and EPS guidance and cited strong momentum in usage‑based offerings (reported ~60% surge), which directly supports revenue growth and margin improvement expectations. Guidance Raise Article
• Positive Sentiment: Q3 FY2026 results beat revenue and EPS expectations (management reported revenue above consensus and profit improvement), which is the immediate catalyst driving the rally as investors re-rate growth expectations. Earnings Press Release
• Positive Sentiment: Management emphasized accelerated AI/API adoption across the platform — a positive for recurring usage, potential ARPU upside and longer‑term product differentiation. AI Momentum Release
• Neutral Sentiment: Earnings call transcripts and wide media coverage are amplifying the move; investors will be watching whether the beat-and-raise is sustainable over coming quarters. Earnings Transcript
• Neutral Sentiment: Analyst commentary is mixed — some coverage highlights the beat-and-raise (supportive of the rally) while overall consensus remains cautious given prior weakness in fundamentals. Analyst Note
• Negative Sentiment: Insider selling: director/officer Hunter Middleton sold 85,044 shares on Feb 4 (SEC filing). Large insider sales can weigh on sentiment even if the insider retains a sizable stake. SEC Filing
• Negative Sentiment: Some sell‑side moves and price‑target adjustments reduce upside: Rosenblatt trimmed its target (while keeping a buy rating), and other analysts remain on the sell/cautious side — these limit near‑term analyst-driven upside. Analyst Price Target Note
• Negative Sentiment: Underlying financials show areas of strain (year‑over‑year gross profit decline and lower cash balances), so investors will monitor margins and cash conversion as the company scales usage‑based and AI investments. Financial Detail

About 8X8

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.