BlackRock Capital Investment (BKCC) Forms $6.04 Double Bottom; 8X8 (EGHT) Sentiment Is 0.91

8x8, Inc. (NYSE:EGHT) Logo

BlackRock Capital Investment Corporation (BKCC) formed double bottom with $5.62 target or 7.00% below today’s $6.04 share price. BlackRock Capital Investment Corporation (BKCC) has $441.28M valuation. The stock increased 1.34% or $0.08 during the last trading session, reaching $6.04. About 339,517 shares traded. BlackRock Capital Investment Corporation (NASDAQ:BKCC) has declined 16.76% since April 4, 2017 and is downtrending. It has underperformed by 28.31% the S&P500.

8X8 Inc (EGHT) investors sentiment decreased to 0.91 in Q4 2017. It’s down -0.15, from 1.06 in 2017Q3. The ratio dived, as 70 investment professionals increased and started new stock positions, while 77 decreased and sold their equity positions in 8X8 Inc. The investment professionals in our database now have: 60.69 million shares, up from 58.47 million shares in 2017Q3. Also, the number of investment professionals holding 8X8 Inc in top ten stock positions increased from 0 to 1 for an increase of 1. Sold All: 26 Reduced: 51 Increased: 46 New Position: 24.

12 West Capital Management Lp holds 2.81% of its portfolio in 8×8, Inc. for 1.65 million shares. Kopp Investment Advisors Llc owns 145,350 shares or 2.05% of their US portfolio. Moreover, Southpoint Capital Advisors Lp has 1.34% invested in the company for 2.00 million shares. The New York-based Shannon River Fund Management Llc has invested 1.17% in the stock. Stephens Investment Management Group Llc, a Texas-based fund reported 1.98 million shares.

The stock increased 1.92% or $0.35 during the last trading session, reaching $18.6. About 451,108 shares traded. 8×8, Inc. (EGHT) has risen 26.60% since April 4, 2017 and is uptrending. It has outperformed by 15.05% the S&P500.

Analysts await 8×8, Inc. (NYSE:EGHT) to report earnings on May, 24. They expect $-0.05 EPS, down 400.00% or $0.04 from last year’s $-0.01 per share. After $-0.07 actual EPS reported by 8×8, Inc. for the previous quarter, Wall Street now forecasts -28.57% EPS growth.

Since January 1, 0001, it had 0 buys, and 3 insider sales for $2.12 million activity.

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 $1.71 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.

Ratings analysis reveals 0 of 8×8’s analysts are positive. Out of 2 Wall Street analysts rating 8×8, 0 give it “Buy”, 0 “Sell” rating, while 2 recommend “Hold”. The lowest target is $15.0 while the high is $17.0. The stock’s average target of $16 is -13.98% below today’s ($18.6) share price. EGHT was included in 2 notes of analysts from August 26, 2016. The rating was initiated by Morgan Stanley on Tuesday, April 11 with “Equal-Weight”. Robert W. Baird initiated 8×8, Inc. (NYSE:EGHT) on Friday, August 26 with “Neutral” rating.

Analysts await BlackRock Capital Investment Corporation (NASDAQ:BKCC) to report earnings on May, 2. They expect $0.18 EPS, down 10.00% or $0.02 from last year’s $0.2 per share. BKCC’s profit will be $13.15M for 8.39 P/E if the $0.18 EPS becomes a reality. After $0.19 actual EPS reported by BlackRock Capital Investment Corporation for the previous quarter, Wall Street now forecasts -5.26% negative EPS growth.

Among 7 analysts covering BlackRock Kelso Capital (NASDAQ:BKCC), 4 have Buy rating, 0 Sell and 3 Hold. Therefore 57% are positive. BlackRock Kelso Capital had 12 analyst reports since August 3, 2015 according to SRatingsIntel. DA Davidson downgraded the shares of BKCC in report on Thursday, April 28 to “Neutral” rating. The company was upgraded on Tuesday, February 6 by JP Morgan. Keefe Bruyette & Woods maintained the shares of BKCC in report on Thursday, November 9 with “Hold” rating. The stock has “Market Perform” rating by Keefe Bruyette & Woods on Friday, February 19. The firm has “Neutral” rating given on Tuesday, June 14 by Citigroup. As per Wednesday, August 19, the company rating was maintained by Cantor Fitzgerald. The stock has “Hold” rating by Keefe Bruyette & Woods on Thursday, October 5. The rating was maintained by JP Morgan on Wednesday, November 1 with “Neutral”. On Wednesday, September 30 the stock rating was initiated by DA Davidson with “Buy”. The stock has “Hold” rating by Keefe Bruyette & Woods on Monday, August 14.

8x8, Inc. (NYSE:EGHT) Institutional Positions Chart