Box Inc (NYSE:BOX) has received a consensus recommendation of “Buy” from the sixteen ratings firms that are currently covering the stock, Marketbeat reports. Six equities research analysts have rated the stock with a hold recommendation, nine have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price objective among brokers that have covered the stock in the last year is $27.41.
A number of brokerages have recently issued reports on BOX. ValuEngine raised shares of BOX from a “buy” rating to a “strong-buy” rating in a report on Friday, May 11th. Rosenblatt Securities downgraded shares of BOX from a “buy” rating to a “neutral” rating and set a $25.00 price target on the stock. in a report on Thursday, May 31st. They noted that the move was a valuation call. JPMorgan Chase & Co. raised their price target on shares of BOX from $19.00 to $21.00 and gave the company a “neutral” rating in a report on Thursday, May 31st. UBS Group downgraded shares of BOX from a “buy” rating to a “neutral” rating in a report on Thursday, May 31st. Finally, JMP Securities raised their price target on shares of BOX from $25.00 to $28.00 and gave the company a “market outperform” rating in a report on Thursday, May 31st.
Shares of NYSE BOX traded up $0.37 during trading on Friday, reaching $24.70. 126,644 shares of the company traded hands, compared to its average volume of 3,727,878. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 1.50. The company has a market cap of $3.30 billion, a PE ratio of -21.28 and a beta of 1.09. BOX has a 52-week low of $17.25 and a 52-week high of $29.79.
BOX (NYSE:BOX) last announced its quarterly earnings results on Tuesday, August 28th. The software maker reported ($0.05) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.06) by $0.01. The firm had revenue of $148.20 million for the quarter, compared to the consensus estimate of $146.58 million. BOX had a negative net margin of 27.10% and a negative return on equity of 513.02%. The business’s quarterly revenue was up 20.6% compared to the same quarter last year. During the same quarter last year, the firm posted ($0.11) EPS. equities research analysts anticipate that BOX will post -0.95 EPS for the current fiscal year.
In other news, Director Steven M. Krausz sold 14,284 shares of BOX stock in a transaction on Monday, June 25th. The stock was sold at an average price of $25.16, for a total transaction of $359,385.44. Following the completion of the sale, the director now directly owns 9,081 shares in the company, valued at $228,477.96. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Daniel J. Levin sold 80,000 shares of BOX stock in a transaction on Friday, August 31st. The stock was sold at an average price of $24.22, for a total value of $1,937,600.00. Following the sale, the director now owns 5,790 shares of the company’s stock, valued at $140,233.80. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 1,014,284 shares of company stock valued at $26,488,735. Corporate insiders own 8.51% of the company’s stock.
Large investors have recently added to or reduced their stakes in the company. Prospera Financial Services Inc bought a new stake in shares of BOX in the second quarter valued at about $250,000. Essex Investment Management Co. LLC bought a new position in BOX in the second quarter worth about $223,000. New York State Common Retirement Fund raised its holdings in BOX by 0.7% in the first quarter. New York State Common Retirement Fund now owns 383,135 shares of the software maker’s stock worth $7,873,000 after purchasing an additional 2,589 shares in the last quarter. CWM LLC bought a new position in BOX in the second quarter worth about $1,804,000. Finally, CIBC World Markets Inc. bought a new position in BOX in the second quarter worth about $201,000. Institutional investors and hedge funds own 67.44% of the company’s stock.
BOX Company Profile
Box, Inc provides cloud content management platform that enables organizations of various sizes to manage and share their enterprise content from anywhere or any device. The company's Software-as-a-Service platform enables users to collaborate on content internally and with external parties, automate content-driven business processes, develop custom applications, and implement data protection, security, and compliance features.
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