Rosenblatt Securities analyst Ryan Koontz maintained a Hold rating on 8X8 (EGHT) yesterday and set a price target of $21.00. The company’s shares closed last Monday at $20.14.
According to TipRanks.com, Koontz is a 5-star analyst with an average return of 23.9% and a 72.1% success rate. Koontz covers the Consumer Goods sector, focusing on stocks such as CommScope Holding, Juniper Networks, and Arista Networks.
8X8 has an analyst consensus of Moderate Buy, with a price target consensus of $24.36, implying a 17.9% upside from current levels. In a report issued on January 13, Morgan Stanley also downgraded the stock to Hold with a $23.00 price target.
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The company has a one-year high of $26.67 and a one-year low of $16.50. Currently, 8X8 has an average volume of 1.22M.
Based on the recent corporate insider activity of 38 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying 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.
