From MarketBeat:

Shares of 8×8, Inc. (NASDAQ:EGHT – Get Free Report) have received a “Hold” consensus recommendation from the eight ratings firms covering the company. One analyst rates the stock as a sell, four rate it as a hold, and three rate it as a buy. The company’s average price target is $3.86.

8X8 stock opened at $3.55 on Thursday and has a market capitalization of $433.67 million. The company has a current ratio of 1.23, a quick ratio of 1.23, and a debt-to-equity ratio of 3.69. 8X8 reported quarterly earnings results on November 1st, with an EPS of $0.02 and revenue of $185.00 million.

CEO Samuel C. Wilson sold 46,840 shares of 8X8 stock on December 18th at an average price of $3.53 per share. Following the transaction, Wilson owns 1,038,856 shares valued at $3,667,161.68. Insider Hunter Middleton also sold 8,464 shares of the stock at an average price of $3.53, bringing the total insider sales to 66,411 shares.

Hedge funds and institutional investors like The Manufacturers Life Insurance Company, First Trust Advisors LP, and Arizona State Retirement System have recently modified their holdings on 8X8 stock. These companies have increased their stakes in 8X8, reflecting growing interest in the company’s stock.



Read more: 8×8, Inc. (NASDAQ:EGHT) Given Average Recommendation of “Hold” by Brokerages