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

8×8, Inc. (NASDAQ:EGHT) – B. Riley issued their FY2025 earnings per share (EPS) estimates for shares of 8X8 in a report released on Wednesday, February 5th. B. Riley analyst J. Nichols anticipates that the company will post earnings per share of $0.04 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.

Several other research firms have also recently weighed in on EGHT. Mizuho cut shares of 8X8 from a “neutral” rating to an “underperform” rating and decreased their price objective for the stock from $2.75 to $2.50 in a research report on Friday, December 13th. Morgan Stanley lifted their price target on shares of 8X8 from $2.00 to $2.60 and gave the company an “underweight” rating in a report on Wednesday, December 18th. Weiss Ratings reissued a “sell (d-)” rating on shares of 8X8 in a research note on Saturday, February 1st. StockNews.com cut shares of 8X8 from a “strong-buy” rating to a “buy” rating in a report on Wednesday, February 5th. Finally, Wedbush upgraded shares of 8X8 to a “hold” rating in a report on Thursday, October 17th. Three research 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 MarketBeat, 8X8 presently has a consensus rating of “Hold” and an average target price of $2.99.

8X8 Trading Up 4.0 %

8X8 stock opened at $2.86 on Monday. The stock has a market cap 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 has a debt-to-equity ratio of 3.08, a quick ratio of 1.18 and a current ratio of 1.25. The firm’s fifty day moving average price is $2.79 and its 200-day moving average price is $2.43. 8X8 has a fifty-two week low of $1.51 and a fifty-two week high of $3.41.

8X8 (NASDAQ:EGHT) last released its quarterly earnings data on Tuesday, February 4th. The company reported $0.04 EPS for the quarter, beating 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%.

Hedge Funds Weigh In On 8X8

Hedge funds and other institutional investors have recently modified their holdings of the company. Cibc World Markets Corp bought a new stake in shares of 8X8 in the fourth quarter worth $32,000. Picton Mahoney Asset Management boosted its position in 8X8 by 53.6% in the fourth quarter. Picton Mahoney Asset Management now owns 11,104 shares of the company’s stock worth $30,000 after purchasing an additional 3,876 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. grew its stake in shares of 8X8 by 17.5% during the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 798,267 shares of the company’s stock valued at $2,131,000 after purchasing an additional 118,686 shares during the period. Raymond James Financial Inc. bought a new stake in shares of 8X8 during the 4th quarter valued at about $144,000. Finally, Charles Schwab Investment Management Inc. increased its position in shares of 8X8 by 6.0% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,418,743 shares of the company’s stock valued at $3,788,000 after purchasing an additional 80,042 shares during the last quarter. 93.99% of the stock is 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.