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

8×8, Inc. (NASDAQ:EGHT) – Equities research analysts at B. Riley issued their FY2025 earnings per share (EPS) estimates for 8X8 in a research 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 currently has a “Buy” rating and a $4.00 price target 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.

EGHT has been the subject of several other research reports. Morgan Stanley increased their price objective on shares of 8X8 from $2.00 to $2.60 and gave the company an “underweight” rating in a research note on Wednesday, December 18th. Wedbush raised 8X8 to a “hold” rating in a research report on Thursday, October 17th. Barclays boosted 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. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of 8X8 in a research report on Saturday, February 1st. Finally, StockNews.com cut 8X8 from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, February 5th. Three investment analysts have rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $2.99.

8X8 Stock Up 4.0 %

EGHT opened at $2.86 on Monday. 8X8 has a fifty-two week low of $1.51 and a fifty-two week high of $3.41. The firm has a market capitalization of $376.63 million, a P/E ratio of -7.94, a PEG ratio of 24.40 and a beta of 1.66. The company’s 50-day moving average is $2.79 and its 200 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.

8X8 (NASDAQ:EGHT) last posted its quarterly earnings data on Tuesday, February 4th. The company reported $0.04 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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

A number of institutional investors have recently made changes to their positions in EGHT. Sei Investments Co. purchased a new stake in 8X8 in the 2nd quarter worth about $44,000. Sanctuary Advisors LLC purchased a new position in shares of 8X8 in the second quarter worth about $77,000. Creative Planning increased its stake in shares of 8X8 by 16.6% in the third quarter. Creative Planning now owns 38,245 shares of the company’s stock worth $78,000 after purchasing an additional 5,453 shares in the last quarter. Wealth Enhancement Advisory Services LLC bought a new stake in shares of 8X8 in the third quarter valued at approximately $30,000. Finally, Versor Investments LP purchased a new stake in shares of 8X8 during the 3rd quarter valued at approximately $136,000. Hedge funds and other institutional investors own 93.99% of the company’s stock.

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.