Box Inc (BOX) Given Consensus Recommendation of “Buy” by Analysts

Box Inc (NYSE:BOX) has earned a consensus recommendation of “Buy” from the eighteen ratings firms that are covering the firm, Marketbeat reports. Three equities research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating on the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $24.24.

Several research firms recently issued reports on BOX. Canaccord Genuity reaffirmed a “buy” rating and set a $25.00 price target on shares of BOX in a research note on Thursday, November 30th. Oppenheimer reaffirmed a “buy” rating and set a $24.00 price target on shares of BOX in a research note on Thursday, November 30th. JMP Securities lifted their price target on shares of BOX to $25.00 and gave the stock an “outperform” rating in a research note on Thursday, November 30th. Vetr raised shares of BOX from a “buy” rating to a “strong-buy” rating and set a $25.42 price target on the stock in a research note on Wednesday, November 29th. Finally, Drexel Hamilton reaffirmed a “buy” rating and set a $28.00 price target on shares of BOX in a research note on Monday, November 27th.

In other news, Director Daniel J. Levin sold 10,000 shares of the business’s stock in a transaction dated Tuesday, January 16th. The shares were sold at an average price of $22.39, for a total value of $223,900.00. Following the completion of the sale, the director now owns 5,790 shares of the company’s stock, valued at approximately $129,638.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Dana L. Evan sold 7,500 shares of the business’s stock in a transaction dated Wednesday, January 3rd. The stock was sold at an average price of $21.65, for a total transaction of $162,375.00. Following the completion of the sale, the director now directly owns 21,399 shares of the company’s stock, valued at approximately $463,288.35. The disclosure for this sale can be found here. Insiders sold a total of 2,082,309 shares of company stock valued at $43,613,662 in the last three months. Insiders own 22.30% of the company’s stock.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its holdings in shares of BOX by 79.0% in the 2nd quarter. Vanguard Group Inc. now owns 7,977,960 shares of the software maker’s stock valued at $145,518,000 after buying an additional 3,521,030 shares during the period. Whale Rock Capital Management LLC acquired a new position in shares of BOX in the 2nd quarter valued at about $32,382,000. Renaissance Technologies LLC boosted its holdings in shares of BOX by 62.5% in the 2nd quarter. Renaissance Technologies LLC now owns 2,510,200 shares of the software maker’s stock valued at $45,786,000 after buying an additional 965,800 shares during the period. Artisan Partners Limited Partnership acquired a new position in shares of BOX in the 3rd quarter valued at about $17,949,000. Finally, First Trust Advisors LP boosted its holdings in shares of BOX by 31.2% in the 3rd quarter. First Trust Advisors LP now owns 3,752,080 shares of the software maker’s stock valued at $72,490,000 after buying an additional 892,742 shares during the period. 62.20% of the stock is owned by institutional investors.

Shares of BOX (NYSE:BOX) opened at $22.68 on Friday. BOX has a one year low of $15.73 and a one year high of $24.10. The stock has a market cap of $3,090.00 and a price-to-earnings ratio of -18.90. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 2.53.

BOX (NYSE:BOX) last released its quarterly earnings results on Wednesday, November 29th. The software maker reported ($0.13) earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of ($0.13). BOX had a negative net margin of 33.20% and a negative return on equity of 313.90%. The firm had revenue of $129.30 million for the quarter, compared to the consensus estimate of $128.67 million. During the same quarter in the previous year, the firm posted ($0.14) EPS. The firm’s quarterly revenue was up 25.8% on a year-over-year basis. analysts expect that BOX will post -1.17 earnings per share for the current fiscal year.

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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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