In recent trading session, 8X8 Inc (NASDAQ:EGHT) saw 0.34 million shares changing hands at last check today with its beta currently measuring 1.77. Company’s recent per share price level of $2.80 trading at -$0.17 or -5.89% at last check today assigns it a market valuation of $368.08M. That most recent trading price of EGHT’s stock is at a discount of -25.71% from its 52-week high price of $3.52 and is indicating a premium of 46.07% from its 52-week low price of $1.51.

For 8X8 Inc (EGHT), analysts’ consensus is at an average recommendation of Buy while assigning it a mean rating of 2.80. Splitting up the data highlights that, out of 6 analysts covering the stock, 1 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 0 suggested the stock as a Hold whereas 5 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of 0.08 in the current quarter.

8X8 Inc (NASDAQ:EGHT) trade information

Upright in the red during last session for losing -5.89%, in the last five days EGHT remained trading in the red while hitting it’s week-highest on Friday, 02/14/25 when the stock touched $2.80 price level, adding 20.45% to its value on the day. 8X8 Inc’s shares saw a change of 4.68% in year-to-date performance and have moved -14.53% in past 5-day. 8X8 Inc (NASDAQ:EGHT) showed a performance of 6.27% in past 30-days.

Wall Street analysts have assigned a consensus price target of 3 to the stock, which implies a rise of 6.67% to its recent value today. Analysts have been projecting 2.5 as a low price target for the stock while placing it at a high target of 3.5. It follows that stock’s current price would jump 10.71% in reaching the projected high whereas dropping to the targeted low would mean a gain of 10.71% for stock’s current value.

8X8 Inc (EGHT) estimates and forecasts

This year revenue growth is estimated to fall -1.74% from the last financial year’s standing.

8 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of 177.97M for the same. And 6 analysts are in estimates of company making revenue of 178.92M in the next quarter. Company posted 179.41M and 178.15M of sales in current and next quarters respectively a year earlier.

Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of 9.88% during past 5 years. In 2025, company’s earnings growth rate is likely to be around -23.62% while estimates for its earnings growth in next 5 years are of -5.49%.

8X8 Inc (NASDAQ:EGHT)’s Major holders

SYLEBRA CAPITAL LLC is the top institutional holder at EGHT for having 14.39 million shares of worth $31.94 million. And as of 2024-06-30, it was holding 11.4203 of the company’s outstanding shares.

The second largest institutional holder is ARROWMARK COLORADO HOLDINGS LLC, which was holding about 13.17 million shares on 2024-06-30. The number of shares represents firm’s hold over 10.45 of outstanding shares, having a total worth of $29.23 million.

On the other hand, Vanguard Explorer Fund, Inc. and Vanguard Total Stock Market Index Fund are the top two Mutual Funds which own company’s shares. As of Oct 31, 2024, the former fund manager was holding 6.27 shares of worth $17.45 million or 5.61% of the total outstanding shares. The later fund manager was in possession of 3.75 shares on Sep 30, 2024, making its stake of worth around $10.45 million in the company or a holder of 3.36% of company’s stock.