Shares of Box, Inc. (NYSE:BOX) have been assigned an average rating of “Buy” from the nine research firms that are currently covering the firm, MarketBeat.com reports. Two research analysts have rated the stock with a hold recommendation and seven have given a buy recommendation to the company. The average 1 year price target among brokerages that have covered the stock in the last year is $24.63.
A number of analysts have recently commented on the company. KeyCorp lifted their price target on BOX from $22.00 to $27.00 and gave the company an “overweight” rating in a research note on Monday, March 29th. William Blair reaffirmed an “outperform” rating on shares of BOX in a research note on Wednesday, March 3rd. DA Davidson cut their price objective on BOX from $25.00 to $22.00 and set a “neutral” rating on the stock in a research note on Friday, April 9th. Morgan Stanley lifted their price objective on BOX from $23.00 to $25.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 20th. Finally, Oppenheimer reaffirmed a “buy” rating and issued a $24.00 price objective on shares of BOX in a research note on Wednesday, March 3rd.
In related news, CFO Dylan C. Smith sold 45,000 shares of BOX stock in a transaction that occurred on Wednesday, February 10th. The stock was sold at an average price of $18.30, for a total transaction of $823,500.00. Following the transaction, the chief financial officer now owns 1,120,172 shares of the company’s stock, valued at $20,499,147.60. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Dylan C. Smith sold 30,000 shares of BOX stock in a transaction that occurred on Wednesday, March 10th. The shares were sold at an average price of $21.16, for a total value of $634,800.00. Following the transaction, the chief financial officer now directly owns 1,090,172 shares in the company, valued at approximately $23,068,039.52. The disclosure for this sale can be found here. Insiders own 6.20% of the company’s stock.
Several large investors have recently made changes to their positions in the stock. BlackRock Inc. boosted its position in shares of BOX by 13.3% during the fourth quarter. BlackRock Inc. now owns 13,004,504 shares of the software maker’s stock valued at $234,731,000 after buying an additional 1,525,202 shares during the last quarter. Starboard Value LP boosted its position in shares of BOX by 18.2% during the fourth quarter. Starboard Value LP now owns 10,976,845 shares of the software maker’s stock valued at $198,132,000 after buying an additional 1,688,383 shares during the last quarter. First Trust Advisors LP boosted its position in shares of BOX by 4.9% during the fourth quarter. First Trust Advisors LP now owns 6,705,688 shares of the software maker’s stock valued at $121,038,000 after buying an additional 314,436 shares during the last quarter. Morgan Stanley boosted its position in BOX by 339.5% in the fourth quarter. Morgan Stanley now owns 2,955,452 shares of the software maker’s stock worth $53,346,000 after purchasing an additional 2,283,048 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its position in BOX by 15.2% in the fourth quarter. Bank of New York Mellon Corp now owns 1,642,383 shares of the software maker’s stock worth $29,645,000 after purchasing an additional 216,709 shares during the last quarter. 77.86% of the stock is currently owned by institutional investors.
NYSE:BOX traded down $0.04 during trading hours on Tuesday, hitting $21.00. The company’s stock had a trading volume of 136,925 shares, compared to its average volume of 3,499,093. The stock has a fifty day simple moving average of $22.45 and a 200-day simple moving average of $19.09. The company has a market capitalization of $3.36 billion, a P/E ratio of -46.67 and a beta of 1.34. The company has a debt-to-equity ratio of 1.38, a current ratio of 0.90 and a quick ratio of 0.90. BOX has a twelve month low of $15.03 and a twelve month high of $26.47.
BOX (NYSE:BOX) last released its quarterly earnings data on Monday, March 1st. The software maker reported $0.22 earnings per share for the quarter, beating the consensus estimate of $0.17 by $0.05. The business had revenue of $198.91 million for the quarter, compared to analyst estimates of $196.59 million. BOX had a negative return on equity of 124.79% and a negative net margin of 9.12%. BOX’s revenue was up 8.3% compared to the same quarter last year. During the same period last year, the firm posted $0.07 earnings per share. On average, equities analysts predict that BOX will post -0.31 EPS for the current fiscal year.
Box, Inc provides a cloud content management platform that enables organizations of various sizes to manage and share their content from anywhere on any device. The company's Software-as-a-Service platform enables users to collaborate on content internally and with external parties, automate content-driven business processes, develop custom applications, and implement data protection, security, and compliance features to comply with legal and regulatory requirements, internal policies, and industry standards and regulations.
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