Dropbox (NASDAQ:DBX) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Dropbox (NASDAQ:DBX) from a hold rating to a buy rating in a research report report published on Saturday.

Several other research firms also recently issued reports on DBX. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Dropbox in a report on Wednesday, October 8th. UBS Group lowered shares of Dropbox from a “neutral” rating to a “sell” rating and reduced their price target for the company from $29.00 to $27.00 in a research report on Thursday, September 18th. Finally, Royal Bank Of Canada lifted their price target on shares of Dropbox from $35.00 to $38.00 and gave the company an “outperform” rating in a research report on Friday. One equities research analyst has rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $31.75.

Dropbox Price Performance

Shares of Dropbox stock opened at $30.55 on Friday. Dropbox has a 1 year low of $24.42 and a 1 year high of $33.33. The stock has a market cap of $8.24 billion, a PE ratio of 17.26, a price-to-earnings-growth ratio of 4.07 and a beta of 0.66. The firm has a fifty day moving average price of $29.83 and a 200 day moving average price of $28.80.

Dropbox (NASDAQ:DBX) last announced its quarterly earnings results on Thursday, November 6th. The company reported $0.74 earnings per share for the quarter, beating the consensus estimate of $0.64 by $0.10. Dropbox had a negative return on equity of 49.51% and a net margin of 19.87%.The company had revenue of $634.40 million during the quarter, compared to analysts’ expectations of $623.59 million. During the same period last year, the business earned $0.60 earnings per share. Dropbox’s quarterly revenue was down .7% on a year-over-year basis. Dropbox has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. As a group, equities analysts expect that Dropbox will post 1.64 EPS for the current year.

Insiders Place Their Bets

In other Dropbox news, CEO Andrew Houston sold 101,167 shares of Dropbox stock in a transaction that occurred on Wednesday, October 1st. The stock was sold at an average price of $29.64, for a total value of $2,998,589.88. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider William T. Yoon sold 11,430 shares of the firm’s stock in a transaction on Monday, September 8th. The stock was sold at an average price of $30.16, for a total transaction of $344,728.80. Following the completion of the sale, the insider owned 223,662 shares of the company’s stock, valued at $6,745,645.92. This trade represents a 4.86% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 318,698 shares of company stock worth $9,251,159. Corporate insiders own 28.59% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of DBX. Y Intercept Hong Kong Ltd purchased a new stake in shares of Dropbox in the second quarter valued at about $1,404,000. Wealth Enhancement Advisory Services LLC increased its position in Dropbox by 11.9% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 48,224 shares of the company’s stock worth $1,350,000 after purchasing an additional 5,136 shares during the last quarter. Farther Finance Advisors LLC boosted its holdings in Dropbox by 22.3% in the second quarter. Farther Finance Advisors LLC now owns 9,012 shares of the company’s stock valued at $258,000 after acquiring an additional 1,641 shares during the last quarter. UniSuper Management Pty Ltd acquired a new stake in Dropbox during the 1st quarter worth approximately $2,027,000. Finally, Acadian Asset Management LLC boosted its position in shares of Dropbox by 1.9% in the first quarter. Acadian Asset Management LLC now owns 8,544,978 shares of the company’s stock worth $228,202,000 after buying an additional 157,148 shares during the period. Institutional investors and hedge funds own 94.84% of the company’s stock.

Dropbox Company Profile

Dropbox, Inc provides a content collaboration platform worldwide. The company's platform allows individuals, families, teams, and organizations to collaborate and sign up for free through its website or app, as well as upgrade to a paid subscription plan for premium features. It serves customers in professional services, technology, media, education, industrial, consumer and retail, and financial services industries.