Box Inc. (BOX) Stock Rating Reaffirmed by Stifel Nicolaus
Box Inc. (NYSE:BOX)‘s stock had its “hold” rating reaffirmed by research analysts at Stifel Nicolaus in a research note issued to investors on Monday. They currently have a $15.00 target price on the stock. Stifel Nicolaus’ price target would indicate a potential downside of 4.70% from the stock’s previous close.
BOX has been the subject of several other reports. Bank of America Corp. reiterated a “buy” rating and set a $18.00 price target on shares of Box in a research report on Monday, August 22nd. Vetr upgraded Box from a “buy” rating to a “strong-buy” rating and set a $16.45 price target for the company in a research report on Thursday, September 22nd. Canaccord Genuity reiterated a “buy” rating and set a $17.00 price target on shares of Box in a research report on Tuesday, September 13th. Pacific Crest reiterated a “buy” rating and set a $21.00 price target on shares of Box in a research report on Friday, September 30th. Finally, Drexel Hamilton reiterated a “buy” rating and set a $18.00 price target on shares of Box in a research report on Friday, September 16th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $17.90.
Box (NYSE:BOX) traded down 0.3183% during mid-day trading on Monday, hitting $15.6899. The stock had a trading volume of 473,155 shares. The firm’s 50-day moving average price is $14.44 and its 200 day moving average price is $12.45. The company’s market cap is $1.99 billion. Box has a one year low of $8.82 and a one year high of $16.59.
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Box (NYSE:BOX) last issued its quarterly earnings results on Wednesday, August 31st. The company reported ($0.14) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.19) by $0.05. Box had a negative return on equity of 133.73% and a negative net margin of 52.12%. The firm earned $95.70 million during the quarter, compared to analysts’ expectations of $94.65 million. During the same period in the previous year, the business earned ($0.28) earnings per share. The firm’s revenue for the quarter was up 30.2% on a year-over-year basis. On average, equities research analysts anticipate that Box will post ($0.68) EPS for the current year.
In related news, COO Daniel J. Levin sold 5,000 shares of the stock in a transaction dated Tuesday, October 4th. The stock was sold at an average price of $16.38, for a total transaction of $81,900.00. Following the transaction, the chief operating officer now owns 3,752 shares of the company’s stock, valued at approximately $61,457.76. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, VP Jeff Mannie sold 3,756 shares of the stock in a transaction dated Monday, September 26th. The stock was sold at an average price of $14.67, for a total value of $55,100.52. The disclosure for this sale can be found here. Corporate insiders own 22.30% of the company’s stock.
A number of institutional investors have recently bought and sold shares of BOX. Oppenheimer & Co. Inc. bought a new stake in Box during the second quarter worth about $192,000. California State Teachers Retirement System raised its stake in Box by 268.5% in the second quarter. California State Teachers Retirement System now owns 102,363 shares of the company’s stock worth $1,058,000 after buying an additional 74,585 shares in the last quarter. UBS Group AG raised its stake in Box by 47.4% in the first quarter. UBS Group AG now owns 119,870 shares of the company’s stock worth $1,470,000 after buying an additional 38,558 shares in the last quarter. Dynamic Technology Lab Private Ltd bought a new stake in Box during the second quarter worth about $535,000. Finally, Oxford Asset Management raised its stake in Box by 275.5% in the second quarter. Oxford Asset Management now owns 43,535 shares of the company’s stock worth $450,000 after buying an additional 31,941 shares in the last quarter. 26.87% of the stock is currently owned by hedge funds and other institutional investors.
Box Company Profile
Box, Inc provides an enterprise content management platform that enables organizations of all sizes to manage enterprise content while allowing access and sharing of this content from anywhere, on any device. With the Company’s Software-as-a-Service (SaaS) cloud-based platform, users can collaborate on content both internally and with external parties, automate content-driven business processes, develop custom applications, and implement data protection, security and compliance features to comply with internal policies and industry regulations.
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