Box Inc. (BOX) Given Consensus Recommendation of “Buy” by Brokerages
Box Inc. (NYSE:BOX) has received a consensus rating of “Buy” from the seventeen research firms that are covering the company. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $17.42.
BOX has been the subject of a number of recent research reports. Vetr lowered Box from a “strong-buy” rating to a “buy” rating and set a $11.67 target price for the company. in a report on Tuesday, July 12th. Zacks Investment Research downgraded Box from a “strong-buy” rating to a “hold” rating in a report on Tuesday, August 2nd. Veritas Investment Research reaffirmed a “strong-buy” rating on shares of Box in a report on Friday, August 5th. Oppenheimer Holdings Inc. reaffirmed an “outperform” rating and set a $18.00 price target on shares of Box in a report on Monday, August 15th. Finally, Bank of America Corp. reaffirmed a “buy” rating and set a $18.00 price target on shares of Box in a report on Monday, August 22nd.
In other Box news, VP Jeff Mannie sold 3,756 shares of the business’s stock in a transaction that occurred on Monday, September 26th. The stock was sold at an average price of $14.67, for a total transaction of $55,100.52. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, COO Daniel J. Levin sold 5,000 shares of the business’s stock in a transaction that occurred on Tuesday, September 6th. The stock was sold at an average price of $14.35, for a total value of $71,750.00. Following the transaction, the chief operating officer now owns 3,079 shares in the company, valued at approximately $44,183.65. The disclosure for this sale can be found here. 22.30% of the stock is owned by corporate insiders.
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Institutional investors have recently added to or reduced their stakes in the company. Parametric Portfolio Associates LLC acquired a new position in Box during the second quarter valued at about $108,000. Capstone Investment Advisors LLC acquired a new position in Box during the second quarter valued at about $129,000. Royal Bank of Canada boosted its position in Box by 83.0% in the first quarter. Royal Bank of Canada now owns 10,986 shares of the company’s stock valued at $134,000 after buying an additional 4,983 shares during the last quarter. Quantbot Technologies LP boosted its position in Box by 11.7% in the second quarter. Quantbot Technologies LP now owns 17,786 shares of the company’s stock valued at $183,000 after buying an additional 1,860 shares during the last quarter. Finally, Oppenheimer & Co. Inc. acquired a new position in Box during the second quarter valued at about $192,000. Institutional investors own 26.87% of the company’s stock.
Shares of Box (NYSE:BOX) traded down 3.19% during mid-day trading on Tuesday, hitting $15.15. The stock had a trading volume of 619,164 shares. The firm’s market cap is $1.92 billion. Box has a 52-week low of $8.82 and a 52-week high of $16.59. The firm has a 50 day moving average price of $14.52 and a 200 day moving average price of $12.47.
Box (NYSE:BOX) last released its earnings results on Wednesday, August 31st. The company reported ($0.14) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.19) by $0.05. The firm earned $95.70 million during the quarter, compared to analyst estimates of $94.65 million. Box had a negative return on equity of 133.73% and a negative net margin of 52.12%. Box’s revenue was up 30.2% compared to the same quarter last year. During the same period last year, the business posted ($0.28) earnings per share. Equities analysts predict that Box will post ($0.68) EPS for the current year.
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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