Craig-Hallum analyst George Sutton maintained a Buy rating on 8X8 (EGHT – Research Report) today and set a price target of $4.50. The company’s shares closed yesterday at $3.36.
According to TipRanks, Sutton is a 5-star analyst with an average return of 11.6% and a 50.53% success rate. Sutton covers the Technology sector, focusing on stocks such as 8X8, Transact Technologies, and AudioEye.
In addition to Craig-Hallum, 8X8 also received a Buy from Needham’s Ryan Koontz in a report issued today. However, on the same day, Barclays assigned a Hold rating to 8X8 (NASDAQ: EGHT).
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The company has a one-year high of $6.49 and a one-year low of $2.15. Currently, 8X8 has an average volume of 1.58M.
Based on the recent corporate insider activity of 67 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.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
8X8 (EGHT) Company Description:
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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