Box Inc (BOX) Receives Consensus Rating of “Buy” from Brokerages

Box Inc (NYSE:BOX) has received a consensus recommendation of “Buy” from the nineteen research firms that are covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $24.24.

BOX has been the subject of a number of recent research reports. Drexel Hamilton reaffirmed a “buy” rating and issued a $28.00 target price on shares of BOX in a report on Monday, November 27th. Canaccord Genuity reissued a “buy” rating and issued a $25.00 price target on shares of BOX in a research note on Thursday, November 30th. Oppenheimer reissued a “buy” rating and issued a $24.00 price target on shares of BOX in a research note on Thursday, November 30th. JMP Securities increased their price target on BOX to $25.00 and gave the company an “outperform” rating in a research note on Thursday, November 30th. Finally, Zacks Investment Research cut BOX from a “hold” rating to a “sell” rating in a research note on Tuesday.

In related news, Director Daniel J. Levin sold 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, January 16th. The stock was sold at an average price of $22.39, for a total transaction of $223,900.00. Following the completion of the sale, the director now owns 5,790 shares of the company’s stock, valued at $129,638.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Dana L. Evan sold 7,500 shares of the firm’s stock in a transaction that occurred on Wednesday, January 3rd. The stock was sold at an average price of $21.65, for a total value of $162,375.00. Following 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. In the last three months, insiders sold 2,065,309 shares of company stock valued at $43,227,222. Insiders own 20.59% of the company’s stock.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Ameritas Investment Partners Inc. grew its stake in BOX by 81.3% during the second quarter. Ameritas Investment Partners Inc. now owns 6,896 shares of the software maker’s stock worth $126,000 after purchasing an additional 3,092 shares during the period. Amalgamated Bank acquired a new stake in BOX during the second quarter worth approximately $183,000. Principal Financial Group Inc. acquired a new stake in BOX during the second quarter worth approximately $199,000. Dorsey & Whitney Trust CO LLC acquired a new stake in BOX during the fourth quarter worth approximately $203,000. Finally, Welch Capital Partners LLC NY acquired a new stake in BOX during the fourth quarter worth approximately $226,000. 62.02% of the stock is owned by institutional investors and hedge funds.

BOX (BOX) opened at $20.37 on Wednesday. BOX has a fifty-two week low of $15.73 and a fifty-two week high of $24.10. The company has a debt-to-equity ratio of 2.53, a current ratio of 1.00 and a quick ratio of 1.00. The stock has a market capitalization of $2,770.00, a PE ratio of -16.98 and a beta of 1.20.

BOX (NYSE:BOX) last issued its earnings results on Wednesday, November 29th. The software maker reported ($0.13) earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of ($0.13). BOX had a negative return on equity of 313.90% and a negative net margin of 33.20%. The business had revenue of $129.30 million during the quarter, compared to analysts’ expectations of $128.67 million. During the same quarter in the prior year, the firm earned ($0.14) EPS. The business’s revenue for the quarter was up 25.8% compared to the same quarter last year. equities analysts forecast that BOX will post -1.17 earnings per share for the current 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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