In last trading session, 8X8 Inc (NASDAQ:EGHT) saw 1.27 million shares changing hands with its beta currently measuring 1.77. Company’s recent per share price level of $2.83 trading at -$0.14 or -4.71% at ring of the bell on the day assigns it a market valuation of $372.69M. That closing price of EGHT’s stock is at a discount of -24.38% from its 52-week high price of $3.52 and is indicating a premium of 46.64% 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 -4.71%, 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 $2.83 price level, adding 19.6% to its value on the day. 8X8 Inc’s shares saw a change of 5.99% in year-to-date performance and have moved -13.46% in past 5-day. 8X8 Inc (NASDAQ:EGHT) showed a performance of 7.60% in past 30-days.
Wall Street analysts have assigned a consensus price target of 3 to the stock, which implies a rise of 5.67% to its current value. 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 11.66% in reaching the projected high whereas dropping to the targeted low would mean a gain of 11.66% 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 $17.74 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 $10.62 million in the company or a holder of 3.36% of company’s stock.
