8x8

LONDON--(BUSINESS WIRE)--8x8, Inc. (NASDAQ: EGHT) survey reveals that 62% of British consumers think companies should be penalized for long wait times.» Mehr auf businesswire.com

Squarepoint Ops LLC lowered its position in shares of 8×8, Inc. (NASDAQ:EGHT – Free Report) by 80.9% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 23,454 shares of the company’s stock after selling 99,056 shares during the period. Squarepoint Ops LLC’s holdings in 8X8 were worth $63,000 as of its most recent filing with the Securities and Exchange Commission (SEC). Other hedge funds and other institutional investors have also made changes to their positions in the company. Two Sigma Advisers LP boosted its position in shares of 8X8 by 39.2% during the 4th quarter. Two Sigma Advisers LP now owns 1,218,758 shares of the company’s stock worth $3,254,000 after purchasing an additional 343,400 shares during the period. Two Sigma Investments LP boosted its position in shares of 8X8 by 49.2% during the 4th quarter. Two Sigma Investments LP now owns 1,014,048 shares of the company’s stock worth $2,708,000 after purchasing an additional 334,348 shares during the period. State of Wyoming boosted its position in shares of 8X8 by 64.6% during the 4th quarter. State of Wyoming now owns 250,725 shares of the company’s stock worth $669,000 after purchasing an additional 98,425 shares during the period. ProShare Advisors LLC boosted its position in shares of 8X8 by 49.0% during the 4th quarter. ProShare Advisors LLC now owns 36,000 shares of the company’s stock worth $96,000 after purchasing an additional 11,846 shares during the period. Finally, Man Group plc purchased a new position in shares of 8X8 during the 4th quarter worth approximately $113,000. Institutional investors and hedge funds own 93.99% of the company’s stock. Analysts Set New Price Targets EGHT has been the subject of several recent research reports. Rosenblatt Securities reissued a “buy” rating and issued a $2.70 price target on shares of 8X8 in a research report on Tuesday, May 20th. Wells Fargo & Company decreased their price target on shares of 8X8 from $2.00 to $1.50 and set an “underweight” rating for the company in a research report on Tuesday, April 22nd. Morgan Stanley decreased their price target on shares of 8X8 from $2.60 to $1.90 and set an “underweight” rating for the company in a research report on Wednesday, April 16th. Wall Street Zen cut shares of 8X8 from a “strong-buy” rating to a “buy” rating in a research report on Thursday, May 29th. Finally, B. Riley reissued a “buy” rating and issued a $3.00 price target (down previously from $4.00) on shares of 8X8 in a research report on Wednesday, May 14th. Three investment analysts have rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $2.51. Get Our Latest Analysis on 8X8 Insider Transactions at 8X8 In related news, major shareholder Sylebra Capital Llc sold 101,678 shares of 8X8 stock in a transaction dated Monday, March 24th. The shares were sold at an average price of $2.23, for a total value of $226,741.94. Following the sale, the insider now directly owns 14,085,649 shares in the company, valued at $31,410,997.27. This trade represents a 0.72% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In the last three months, insiders have sold 254,678 shares of company stock worth $562,412. 1.22% of the stock is currently owned by insiders. 8X8 Trading Down 0.5% NASDAQ EGHT opened at $1.86 on Wednesday. 8×8, Inc. has a 12 month low of $1.51 and a 12 month high of $3.52. The company has a debt-to-equity ratio of 3.08, a current ratio of 1.25 and a quick ratio of 1.24. The company has a market capitalization of $250.13 million, a price-to-earnings ratio of -5.17, a price-to-earnings-growth ratio of 6.08 and a beta of 1.79. The company’s fifty day moving average price is $1.73 and its two-hundred day moving average price is $2.34. 8X8 Profile (Free Report) 8×8, Inc engages in the provision of enterprise communication solutions. It offers solutions to the business services, education, financial services, government, healthcare, and manufacturing industries. The company was founded in February 1987 and is headquartered in Campbell, CA.» Mehr auf defenseworld.net

CAMPBELL, Calif.--(BUSINESS WIRE)--8x8, Inc. (NASDAQ: EGHT) has promoted Creovai to the highly selective SoldBy8 tier within the 8x8 Technology Partner Ecosystem.» Mehr auf businesswire.com