Box, Inc. (NYSE:BOX) has received a consensus rating of “Buy” from the eighteen ratings firms that are currently covering the firm, MarketBeat.com reports. Three investment analysts have rated the stock with a hold recommendation, fourteen have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $24.24.

A number of analysts have commented on BOX shares. BidaskClub upgraded BOX from a “hold” rating to a “buy” rating in a research report on Wednesday, August 23rd. Mitsubishi UFJ Financial Group raised BOX to an “overweight” rating and lifted their price objective for the company from $23.00 to $24.00 in a research report on Thursday, August 31st. Raymond James Financial raised BOX from a “market perform” rating to an “outperform” rating and set a $26.00 price objective on the stock in a report on Monday, September 25th. Rosenblatt Securities reissued a “buy” rating and issued a $25.00 target price on shares of BOX in a report on Monday, October 9th. Finally, Canaccord Genuity reissued a “buy” rating and issued a $24.00 target price on shares of BOX in a report on Friday, October 6th.

BOX (NYSE BOX) opened at $21.03 on Friday. BOX has a one year low of $13.56 and a one year high of $24.10. The company has a debt-to-equity ratio of 1.58, a current ratio of 1.02 and a quick ratio of 1.02.

BOX (NYSE:BOX) last issued its quarterly earnings results on Wednesday, November 29th. The software maker reported ($0.13) earnings per share for the quarter, meeting the consensus estimate of ($0.13). The business had revenue of $129.30 million for the quarter, compared to the consensus estimate of $128.67 million. BOX had a negative net margin of 34.11% and a negative return on equity of 232.81%. The company’s revenue for the quarter was up 25.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned ($0.14) earnings per share. equities research analysts expect that BOX will post -1.15 EPS for the current fiscal year.

In other news, SVP Peter M. Mcgoff sold 80,000 shares of BOX stock in a transaction that occurred on Tuesday, September 12th. The shares were sold at an average price of $18.52, for a total transaction of $1,481,600.00. Following the sale, the senior vice president now owns 286,135 shares in the company, valued at $5,299,220.20. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, President Daniel J. Levin sold 57,444 shares of the business’s stock in a transaction on Tuesday, September 5th. The shares were sold at an average price of $18.43, for a total transaction of $1,058,692.92. Following the transaction, the president now owns 3,752 shares in the company, valued at approximately $69,149.36. The disclosure for this sale can be found here. In the last ninety days, insiders sold 969,534 shares of company stock valued at $18,204,431. 20.59% of the stock is currently owned by insiders.

Several institutional investors and hedge funds have recently modified their holdings of the company. Jasper Ridge Partners L.P. boosted its position in BOX by 54.0% during the second quarter. Jasper Ridge Partners L.P. now owns 40,783 shares of the software maker’s stock worth $744,000 after purchasing an additional 14,305 shares in the last quarter. JPMorgan Chase & Co. increased its stake in BOX by 3,041.0% in the second quarter. JPMorgan Chase & Co. now owns 1,366,608 shares of the software maker’s stock valued at $24,927,000 after purchasing an additional 1,323,099 shares in the last quarter. Baltimore Washington Financial Advisors Inc. increased its stake in BOX by 12.1% in the third quarter. Baltimore Washington Financial Advisors Inc. now owns 186,385 shares of the software maker’s stock valued at $3,601,000 after purchasing an additional 20,160 shares in the last quarter. Lucha Capital Management LP bought a new stake in BOX in the second quarter valued at $7,200,000. Finally, State Street Corp increased its stake in BOX by 56.7% in the second quarter. State Street Corp now owns 1,372,520 shares of the software maker’s stock valued at $25,034,000 after purchasing an additional 496,588 shares in the last quarter. 63.44% of the stock is owned by hedge funds and other institutional investors.

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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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