Barclays analyst Ryan MacWilliams maintained a Hold rating on 8X8 (EGHT – Research Report) yesterday. The company’s shares closed yesterday at $6.38.
MacWilliams covers the Technology sector, focusing on stocks such as 8X8, Audiocodes, and Liveperson. According to TipRanks, MacWilliams has an average return of 17.0% and a 65.38% success rate on recommended stocks.
Currently, the analyst consensus on 8X8 is a Hold with an average price target of $5.60, implying a -12.23% downside from current levels. In a report released yesterday, Robert W. Baird also maintained a Hold rating on the stock with a $5.00 price target.
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EGHT market cap is currently $559.6M and has a P/E ratio of -6.82.
Based on the recent corporate insider activity of 88 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of EGHT in relation to earlier this year.
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8×8, Inc. engages in the provision of enterprise communication solutions. Its solutions include industry and business solutions for collections, education, government healthcare, high tech, insurance, call center, call center software, network optimization, and international calls. The company was founded in February 1987 and is headquartered in San Jose, CA.
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