8x8 Inc (EGHT)

• Market cap: $355M
• 1 day: 1.12%
• 5 days: 4.62%
• 1 month: -4.23%
• 3 months: 43.92%
• 6 months: 35.32%
• Year to date: -25.89%
• 1 year: -21.16%
• 5 years: -85.19%
• 10 years: -70.40%
• Sector: Information Technology
• Industry: Computer Processing & Data Preparation

About: 8x8 Inc provides contact-center-as-a-service and unified-communications-as-a-service software applications to approximately 2.5 million users. The company's unified platform enables omnichannel communication to assist employees in communicating across voice, video, text, chat, and contact centers. The Company also generates revenue from sales of hardware and professional services, which are complementary to the delivery of its integrated technology platform.. Geographically, it derives a majority of revenue from the United States.

Employees: 1,948

Fund manager confidence

Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)

100% more funds holding in top 10

Funds holding in top 10: 1 [Q2] → 2 (+1) [Q3]

6% less repeat investments, than reductions

Existing positions increased: 44 | Existing positions reduced: 47

5% less funds holding

Funds holding: 146 [Q2] → 139 (-7) [Q3]

6.18% less ownership

Funds ownership: 90.43% [Q2] → 84.25% (-6.18%) [Q3]

14% less capital invested

Capital invested by funds: $257M [Q2] → $221M (-$36.3M) [Q3]

24% less first-time investments, than exits

New positions opened: 22 | Existing positions closed: 29

46% less call options, than puts

Call options by funds: $21K | Put options by funds: $39K

Research analyst outlook

6 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $2 26% downside
• Avg. target: $2.85 5% upside
• High target: $4 47% upside

6 analyst ratings

• positive: 2 33%
• neutral: 1 17%
• negative: 3 50%

Morgan Stanley Meta Marshall 54% 1-year accuracy 14 / 26 met price target	4% downside $2.60	Underweight Maintained	18 Dec 2024
Mizuho Siti Panigrahi 62% 1-year accuracy 13 / 21 met price target	8% downside $2.50	Underperform Downgraded	13 Dec 2024
Wells Fargo Michael Turrin 59% 1-year accuracy 48 / 82 met price target	26% downside $2	Underweight Maintained	5 Nov 2024
Barclays Ryan Macwilliams 55% 1-year accuracy 11 / 20 met price target	8% downside $2.50	Equal-Weight Maintained	5 Nov 2024
Rosenblatt Catharine Trebnick 74% 1-year accuracy 46 / 62 met price target	29% upside $3.50	Buy Maintained	28 Oct 2024