Box, Inc. (NYSE:BOX) has earned an average recommendation of “Buy” from the nineteen research firms that are covering the company, Marketbeat Ratings reports. Six investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $22.83.

A number of research analysts have weighed in on BOX shares. Pacific Crest reiterated an “overweight” rating and issued a $25.00 price objective on shares of Box in a research report on Wednesday, May 31st. Mitsubishi UFJ Financial Group upgraded shares of Box from a “neutral” rating to an “overweight” rating and upped their price objective for the stock from $17.50 to $23.00 in a research report on Thursday, June 1st. Canaccord Genuity reiterated a “buy” rating and issued a $24.00 price objective (up previously from $22.00) on shares of Box in a research report on Thursday, June 1st. Wells Fargo & Company restated an “outperform” rating and set a $27.00 price target (up previously from $24.00) on shares of Box in a research report on Thursday, June 1st. Finally, Stifel Nicolaus restated a “hold” rating and set a $17.00 price target (up previously from $15.00) on shares of Box in a research report on Thursday, June 1st.

Box (BOX) opened at 18.46 on Friday. Box has a 12-month low of $13.56 and a 12-month high of $18.81. The company has a 50 day moving average price of $18.52 and a 200-day moving average price of $18.02. The company’s market capitalization is $2.45 billion.

Box (NYSE:BOX) last issued its quarterly earnings data on Wednesday, August 30th. The software maker reported ($0.11) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.13) by $0.02. The business had revenue of $122.94 million during the quarter, compared to the consensus estimate of $121.75 million. Box had a negative net margin of 34.11% and a negative return on equity of 232.81%. The company’s revenue was up 28.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($0.14) earnings per share. On average, analysts anticipate that Box will post ($0.45) EPS for the current year.

In other news, President Daniel J. Levin sold 20,000 shares of the stock in a transaction that occurred on Tuesday, August 15th. The shares were sold at an average price of $18.60, for a total value of $372,000.00. Following the completion of the sale, the president now owns 3,752 shares of the company’s stock, valued at approximately $69,787.20. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Rory O’driscoll sold 274,756 shares of the stock in a transaction that occurred on Tuesday, June 27th. The shares were sold at an average price of $19.34, for a total transaction of $5,313,781.04. The disclosure for this sale can be found here. In the last three months, insiders sold 1,175,192 shares of company stock valued at $22,105,842. Corporate insiders own 22.30% of the company’s stock.

Institutional investors have recently bought and sold shares of the company. Swiss National Bank grew its stake in shares of Box by 11.5% in the 1st quarter. Swiss National Bank now owns 84,300 shares of the software maker’s stock valued at $1,375,000 after buying an additional 8,700 shares during the period. Jasper Ridge Partners L.P. grew its stake in shares of Box by 40.6% in the 1st quarter. Jasper Ridge Partners L.P. now owns 26,478 shares of the software maker’s stock valued at $432,000 after buying an additional 7,642 shares during the period. UBS Asset Management Americas Inc. grew its stake in shares of Box by 95.8% in the 1st quarter. UBS Asset Management Americas Inc. now owns 20,753 shares of the software maker’s stock valued at $338,000 after buying an additional 10,153 shares during the period. Jane Street Group LLC purchased a new stake in shares of Box in the 1st quarter valued at approximately $248,000. Finally, Emerald Advisers Inc. PA purchased a new stake in shares of Box in the 2nd quarter valued at approximately $10,805,000. 57.81% of the stock is owned by institutional investors and hedge funds.

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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.

Analyst Recommendations for Box (NYSE:BOX)

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