In last trading session, 8X8 Inc (NASDAQ:EGHT) saw 0.66 million shares changing hands with its beta currently measuring 1.78. Company’s recent per share price level of $2.14 trading at $0.04 or 1.90% at ring of the bell on the day assigns it a market valuation of $281.82M. That closing price of EGHT’s stock is at a discount of -64.49% from its 52-week high price of $3.52 and is indicating a premium of 29.44% from its 52-week low price of $1.51. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 0.79 million shares which gives us an average trading volume of 975.89K if we extend that period to 3-months.
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.
8X8 Inc (NASDAQ:EGHT) trade information
Upright in the green during last session for gaining 1.90%, in the last five days EGHT remained trading in the red while hitting it’s week-highest on Monday, 03/10/25 when the stock touched $2.14 price level, adding 6.55% to its value on the day. 8X8 Inc’s shares saw a change of -19.85% in year-to-date performance and have moved -6.96% in past 5-day. 8X8 Inc (NASDAQ:EGHT) showed a performance of -34.56% in past 30-days. Number of shares sold short was 6.9 million shares which calculate 5.43 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of 3 to the stock, which implies a rise of 28.67% 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 drop -16.82% in reaching the projected high whereas dropping to the targeted low would mean a loss of -16.82% for stock’s current value.
8X8 Inc (EGHT) estimates and forecasts
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
Insiders are in possession of 2.30% of company’s total shares while institution are holding 83.56 percent of that, with stock having share float percentage of 85.53%. Investors also watch the number of corporate investors in a company very closely, which is 83.56% institutions for 8X8 Inc that are currently holding shares of the company. 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 $13.41 million or 5.61% of the total outstanding shares. The later fund manager was in possession of 3.75 shares on Dec 31, 2024 , making its stake of worth around $8.03 million in the company or a holder of 3.36% of company’s stock.
