Craig Hallum Reaffirms Hold Rating for 8X8 (NASDAQ:EGHT)

Craig Hallum reiterated their hold rating on shares of 8X8 (NASDAQ:EGHT) in a research report report published on Thursday morning, The Fly reports. Craig Hallum currently has a $25.00 target price on the technology company’s stock, up from their prior target price of $19.00.

Other equities research analysts have also recently issued reports about the company. BidaskClub upgraded Zillow Group from a buy rating to a strong-buy rating in a research report on Tuesday, July 2nd. Dougherty & Co lowered shares of 8X8 from a buy rating to a neutral rating and set a $21.95 price target on the stock. in a research note on Wednesday, May 15th. Northland Securities reaffirmed a buy rating on shares of Titan Medical in a research note on Thursday. Rosenblatt Securities reaffirmed a buy rating and issued a $105.00 price target on shares of RingCentral in a research note on Monday, March 25th. Finally, Bank of America reaffirmed a buy rating on shares of Continental in a research note on Wednesday, May 15th. Seven analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The stock presently has an average rating of Hold and a consensus target price of $24.85.

NASDAQ:EGHT opened at $24.67 on Thursday. 8X8 has a 52 week low of $15.13 and a 52 week high of $25.93. The company’s 50-day simple moving average is $24.45.



8X8 (NASDAQ:EGHT) last posted its earnings results on Tuesday, May 14th. The technology company reported ($0.09) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.08) by ($0.01). The firm had revenue of $93.80 million during the quarter, compared to analysts’ expectations of $92.98 million. During the same quarter in the previous year, the business earned ($0.03) EPS. The firm’s revenue for the quarter was up 18.3% on a year-over-year basis.

Institutional investors have recently modified their holdings of the stock. Buffington Mohr McNeal purchased a new position in 8X8 in the 1st quarter worth approximately $28,000. Emancipation Management LLC purchased a new position in 8X8 in the 4th quarter worth approximately $198,000. Financial Counselors Inc. purchased a new position in 8X8 in the 1st quarter worth approximately $207,000. Amalgamated Bank purchased a new position in 8X8 in the 4th quarter worth approximately $260,000. Finally, Everence Capital Management Inc. purchased a new position in 8X8 in the 1st quarter worth approximately $286,000. 71.56% of the stock is currently owned by hedge funds and other institutional investors.

8X8 Company Profile

8×8, Inc provides cloud-based, enterprise-class software solutions. The Company’s solutions are delivered through Software as a Service (SaaS) business model. Its segments include Americas and Europe. Its software platform brings together cloud, mobile, collaboration, video and data science technologies.

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Analyst Recommendations for 8X8 (NASDAQ:EGHT)

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