GameStop Corp. (GME) Reaches $8.93 52 Week Low; 8X8 (EGHT) Sentiment Is 1.48

8x8, Inc. (NYSE:EGHT) Logo

8X8 Inc (EGHT) investors sentiment increased to 1.48 in Q4 2018. It’s up 0.25, from 1.23 in 2018Q3. The ratio is positive, as 83 investment professionals increased or opened new positions, while 56 sold and trimmed equity positions in 8X8 Inc. The investment professionals in our database reported: 68.01 million shares, up from 64.71 million shares in 2018Q3. Also, the number of investment professionals holding 8X8 Inc in top ten positions was flat from 1 to 1 for the same number . Sold All: 19 Reduced: 37 Increased: 60 New Position: 23.

The stock of GameStop Corp. (NYSE:GME) hit a new 52-week low and has $8.39 target or 6.00% below today’s $8.93 share price. The 8 months bearish chart indicates high risk for the $913.24 million company. The 1-year low was reported on Apr, 17 by Barchart.com. If the $8.39 price target is reached, the company will be worth $54.79 million less. The stock decreased 1.65% or $0.15 during the last trading session, reaching $8.93. About 3.19 million shares traded. GameStop Corp. (NYSE:GME) has declined 27.55% since April 17, 2018 and is downtrending. It has underperformed by 31.92% the S&P500. Some Historical GME News: 30/05/2018 – GameStop and Extra Life Host First-Ever Charity Event at E3 Benefiting Children’s Miracle Network Hospitals®; 15/05/2018 – Dalio’s Bridgewater Joins Rennaissance in Boosting GameStop; 11/05/2018 – GameStop CEO Leaving After Three Months in Role; 29/05/2018 – Variety: GameStop Exclusive New Nintendo 2DS XL Hylian Shield Edition Coming July 2; 16/05/2018 – GAMESTOP CONFIRMS RECEIVING TIGER MANAGEMENT LETTER: CNBC; 28/03/2018 – GAMESTOP CORP QTRLY TOTAL GLOBAL SALES INCREASED 15.0% TO $3.50 BLN; 11/05/2018 – GameStop Names Daniel DeMatteo Interim CEO; 16/05/2018 – TIGER MGMT IS AID TO URGE GAMESTOP STRATEGIC REVIEW: CNBC; 11/05/2018 – GameStop CEO Michael Mauler Resigns for Personal Reasons; 11/05/2018 – GameStop CEO Michael Mauler resigned after only three months on the job

More important recent 8×8, Inc. (NYSE:EGHT) news were published by: Seekingalpha.com which released: “8×8 Inc. Has Good Long-Term Potential – Seeking Alpha” on March 29, 2019, also Streetinsider.com published article titled: “8×8 (EGHT) PT Raised to $25 at Oppenheimer After Meeting with Management – StreetInsider.com”, Bizjournals.com published: “8×8 CEO on big ambitions, outgrowing its new HQ: ‘The tide’s about to hit and we are there’ – Silicon Valley Business Journal” on April 10, 2019. More interesting news about 8×8, Inc. (NYSE:EGHT) was released by: Seekingalpha.com and their article: “Short guidance knocks out 2019 gains for 8×8 – Seeking Alpha” with publication date: January 30, 2019.

8×8, Inc. provides cloud-based, enterprise-class software solutions for small and medium businesses, mid-market, and distributed enterprises worldwide. The company has market cap of $2.12 billion. The firm operates in two divisions, Americas and Europe. It currently has negative earnings. The companyÂ’s pure-cloud offering combines voice, conferencing, messaging, and video with integrated workflows and big data analytics on a single platform.

The stock decreased 0.89% or $0.2 during the last trading session, reaching $22.15. About 853,758 shares traded. 8×8, Inc. (EGHT) has risen 2.30% since April 17, 2018 and is uptrending. It has underperformed by 2.07% the S&P500. Some Historical EGHT News: 24/05/2018 – 8X8 INC – SEES FY 2019 SERVICE REVENUE IN THE RANGE OF $333 MILLION TO $338 MILLION, REPRESENTING APPROXIMATELY 19% TO 21% YEAR-OVER-YEAR INCREASE; 24/05/2018 – 8X8 4Q Rev $79.3M; 19/04/2018 – DJ 8×8 Inc, Inst Holders, 1Q 2018 (EGHT); 24/05/2018 – 8X8 INC – SEES 2019 TOTAL REVENUE IN THE RANGE OF $347 MILLION TO $352 MILLION, REPRESENTING APPROXIMATELY 17% TO 19% YEAR-OVER-YEAR INCREASE; 24/05/2018 – 8X8 4Q REV. $79.3M, EST. $76.8M; 21/05/2018 – 8×8, Inc. to Participate in Upcoming Investor Conferences; 24/05/2018 – 8X8 4Q ADJ LOSS/SHR 3C, EST. $0; 25/04/2018 – Springer Nature sets price range for Frankfurt flotation; 13/03/2018 CFO Genovese Gifts 224 Of 8×8 Inc; 24/05/2018 – 8X8 4Q Adj Loss/Shr 3c

Analysts await 8×8, Inc. (NYSE:EGHT) to report earnings on May, 23. They expect $-0.17 earnings per share, down 54.55% or $0.06 from last year’s $-0.11 per share. After $-0.19 actual earnings per share reported by 8×8, Inc. for the previous quarter, Wall Street now forecasts -10.53% EPS growth.

1492 Capital Management Llc holds 3.32% of its portfolio in 8×8, Inc. for 205,361 shares. Lyon Street Capital Llc owns 122,202 shares or 2.22% of their US portfolio. Moreover, Portolan Capital Management Llc has 1.83% invested in the company for 819,864 shares. The New York-based J. Goldman & Co Lp has invested 1.1% in the stock. Pier Capital Llc, a Connecticut-based fund reported 308,418 shares.

Since January 1, 0001, it had 1 buying transaction, and 1 sale for $66,930 activity.

Among 6 analysts covering GameStop (NYSE:GME), 1 have Buy rating, 2 Sell and 3 Hold. Therefore 17% are positive. GameStop had 9 analyst reports since November 26, 2018 according to SRatingsIntel. The rating was maintained by Wedbush with “Outperform” on Wednesday, April 3. The firm has “Hold” rating given on Friday, March 22 by Jefferies. The stock of GameStop Corp. (NYSE:GME) has “Underperform” rating given on Wednesday, April 3 by Credit Suisse. As per Friday, March 22, the company rating was maintained by Loop Capital Markets. Loop Capital Markets maintained the stock with “Hold” rating in Tuesday, March 5 report. Bank of America upgraded the shares of GME in report on Monday, November 26 to “Neutral” rating. The rating was downgraded by Robert W. Baird to “Neutral” on Tuesday, January 29. Bank of America downgraded it to “Underperform” rating and $9 target in Friday, March 8 report.

Investors sentiment increased to 1.02 in 2018 Q4. Its up 0.22, from 0.8 in 2018Q3. It improved, as 30 investors sold GameStop Corp. shares while 74 reduced holdings. 42 funds opened positions while 64 raised stakes. 101.05 million shares or 3.25% more from 97.87 million shares in 2018Q3 were reported. Bluemountain Capital Limited Liability Company invested in 147,112 shares. Oppenheimer & Communication has 10,600 shares for 0% of their portfolio. Department Mb Comml Bank N A holds 257 shares or 0% of its portfolio. Legal And General Gp Public Ltd, United Kingdom-based fund reported 357,754 shares. Panagora Asset Management Incorporated holds 0% of its portfolio in GameStop Corp. (NYSE:GME) for 4,078 shares. 1.35M are held by Northern Trust. Hbk Invests L P reported 0% of its portfolio in GameStop Corp. (NYSE:GME). Fil Limited reported 3.00M shares. Ubs Asset Mgmt Americas holds 0% or 198,896 shares. Pnc Svcs Gp owns 5,035 shares for 0% of their portfolio. Goldman Sachs Grp Inc, a New York-based fund reported 1.05M shares. Shelton Capital holds 10,222 shares. 18,120 were reported by Rothschild Investment Il. Camelot Portfolios Ltd has invested 0.64% in GameStop Corp. (NYSE:GME). Envestnet Asset Mngmt has invested 0% in GameStop Corp. (NYSE:GME).

GameStop Corp. operates as an omnichannel video game retailer. The company has market cap of $913.24 million. It sells new and pre-owned video game hardware; video game software; pre-owned and value video game products; video game accessories, such as controllers, gaming headsets, virtual reality products, memory cards, and other add-ons; and digital products, including downloadable content, network points cards, prepaid digital and subscription cards, and digitally downloadable software. It currently has negative earnings. The firm also sells mobile and consumer electronics, including wireless services and products, and accessories, as well as new and pre-owned smart phones; personal computer entertainment software in various genres, including sports, action, strategy, adventure/role playing, and simulation; and strategy guides, magazines, and interactive game figures.

More notable recent GameStop Corp. (NYSE:GME) news were published by: Seekingalpha.com which released: “GameStop Should Not Trade Above $10 – Seeking Alpha” on April 04, 2019, also Fool.com with their article: “Microsoft’s “All Digital” Xbox One S Raises Red Flags for GameStop – Motley Fool” published on April 17, 2019, Seekingalpha.com published: “More Pain In 2019 For GameStop – Seeking Alpha” on April 09, 2019. More interesting news about GameStop Corp. (NYSE:GME) were released by: Seekingalpha.com and their article: “GameStop -13% as Wall Street firms take cover – Seeking Alpha” published on April 03, 2019 as well as Seekingalpha.com‘s news article titled: “GameStop works out cooperation deal with activists – Seeking Alpha” with publication date: April 01, 2019.

GameStop Corp. (NYSE:GME) Institutional Positions Chart