Box, Inc. (BOX) Given Consensus Rating of “Buy” by Brokerages
Box, Inc. (NYSE:BOX) has been given an average rating of “Buy” by the eighteen analysts that are covering the stock, Marketbeat Ratings reports. Three analysts have rated the stock with a hold recommendation and fifteen have issued a buy recommendation on the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $23.32.
A number of research analysts recently issued reports on BOX shares. Drexel Hamilton restated a “buy” rating and set a $28.00 price target on shares of Box in a research note on Monday, August 28th. Rosenblatt Securities restated a “buy” rating and set a $25.00 price target on shares of Box in a research note on Monday, June 26th. Mitsubishi UFJ Financial Group upgraded Box to an “overweight” rating and raised their price target for the stock from $23.00 to $24.00 in a research note on Thursday, August 31st. BidaskClub downgraded Box from a “buy” rating to a “hold” rating in a research note on Tuesday, August 1st. Finally, UBS AG upgraded Box from a “market perform” rating to an “outperform” rating and set a $26.00 price target on the stock in a research note on Monday, September 25th.
In other Box news, Director Rory O’driscoll sold 115,000 shares of Box stock in a transaction that occurred on Friday, September 22nd. The stock was sold at an average price of $18.08, for a total value of $2,079,200.00. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, VP Jeff Mannie sold 6,145 shares of Box stock in a transaction that occurred on Thursday, September 28th. The shares were sold at an average price of $19.00, for a total value of $116,755.00. The disclosure for this sale can be found here. Insiders sold a total of 999,534 shares of company stock worth $18,684,231 over the last quarter. Company insiders own 22.30% of the company’s stock.
Institutional investors and hedge funds have recently bought and sold shares of the company. Ameritas Investment Partners Inc. lifted its holdings in shares of Box by 81.3% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 6,896 shares of the software maker’s stock valued at $126,000 after buying an additional 3,092 shares during the period. Hillsdale Investment Management Inc. acquired a new stake in shares of Box in the 2nd quarter valued at approximately $155,000. Two Sigma Securities LLC acquired a new stake in shares of Box in the 1st quarter valued at approximately $177,000. BNP Paribas Arbitrage SA lifted its holdings in shares of Box by 843.7% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 9,786 shares of the software maker’s stock valued at $178,000 after buying an additional 8,749 shares during the period. Finally, StepStone Group LP acquired a new stake in shares of Box in the 2nd quarter valued at approximately $180,000. 57.37% of the stock is owned by institutional investors and hedge funds.
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Shares of Box (BOX) opened at 19.20 on Thursday. The firm’s market cap is $2.57 billion. The company’s 50 day moving average price is $18.64 and its 200-day moving average price is $18.64. Box has a 12-month low of $13.56 and a 12-month high of $20.91.
Box (NYSE:BOX) last released its quarterly earnings data on Wednesday, August 30th. The software maker reported ($0.11) EPS for the quarter, beating analysts’ consensus estimates of ($0.13) by $0.02. The business had revenue of $122.94 million for the quarter, compared to the consensus estimate of $121.75 million. Box had a negative return on equity of 232.81% and a negative net margin of 34.11%. The business’s revenue for the quarter was up 28.4% on a year-over-year basis. During the same quarter in the prior year, the business posted ($0.14) EPS. On average, equities research analysts anticipate that Box will post ($0.45) EPS for the current year.
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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