Box Inc (NYSE:BOX) has been given a consensus recommendation of “Buy” by the eighteen ratings firms that are covering the firm, Marketbeat Ratings reports. Seven investment analysts have rated the stock with a hold rating and eleven have issued a buy rating on the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $25.07.
A number of brokerages have weighed in on BOX. ValuEngine downgraded shares of BOX from a “buy” rating to a “hold” rating in a report on Monday. Zacks Investment Research downgraded shares of BOX from a “buy” rating to a “hold” rating in a report on Tuesday, March 12th. William Blair reissued an “outperform” rating on shares of BOX in a report on Wednesday, February 27th. Morgan Stanley cut their price target on shares of BOX from $21.00 to $19.00 and set an “equal weight” rating for the company in a report on Thursday, February 28th. Finally, Rosenblatt Securities reissued a “neutral” rating and issued a $21.00 price target (down from $27.00) on shares of BOX in a report on Thursday, February 28th.
NYSE BOX traded down $0.29 on Friday, reaching $19.67. The company’s stock had a trading volume of 2,130,900 shares, compared to its average volume of 2,108,401. BOX has a twelve month low of $15.64 and a twelve month high of $29.79. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 2.69. The company has a market capitalization of $2.88 billion, a price-to-earnings ratio of -20.49 and a beta of 1.50.
BOX (NYSE:BOX) last issued its quarterly earnings results on Wednesday, February 27th. The software maker reported ($0.15) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.18) by $0.03. BOX had a negative net margin of 22.13% and a negative return on equity of 393.84%. The company had revenue of $163.70 million during the quarter, compared to the consensus estimate of $164.16 million. During the same period in the prior year, the company earned ($0.06) EPS. BOX’s revenue was up 19.8% on a year-over-year basis. As a group, research analysts predict that BOX will post -0.95 earnings per share for the current year.
In other BOX news, Director Daniel J. Levin sold 30,000 shares of the business’s stock in a transaction dated Friday, March 15th. The stock was sold at an average price of $19.77, for a total transaction of $593,100.00. Following the sale, the director now owns 5,790 shares in the company, valued at approximately $114,468.30. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, VP Jeff Mannie sold 10,000 shares of the business’s stock in a transaction dated Wednesday, April 3rd. The stock was sold at an average price of $19.74, for a total value of $197,400.00. Following the sale, the vice president now owns 104,596 shares in the company, valued at approximately $2,064,725.04. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 100,000 shares of company stock worth $1,981,350. Corporate insiders own 6.70% of the company’s stock.
Several institutional investors and hedge funds have recently modified their holdings of BOX. FMR LLC increased its holdings in shares of BOX by 111.9% in the 1st quarter. FMR LLC now owns 3,906,437 shares of the software maker’s stock valued at $75,434,000 after purchasing an additional 2,063,120 shares during the period. SQN Investors LP increased its holdings in shares of BOX by 67.2% in the 4th quarter. SQN Investors LP now owns 3,955,464 shares of the software maker’s stock valued at $66,768,000 after purchasing an additional 1,589,667 shares during the period. Luxor Capital Group LP acquired a new position in shares of BOX in the 1st quarter valued at about $26,450,000. Clearbridge Investments LLC acquired a new position in shares of BOX in the 3rd quarter valued at about $29,552,000. Finally, Weitz Investment Management Inc. acquired a new position in shares of BOX in the 1st quarter valued at about $20,206,000. Institutional investors own 65.50% of the company’s stock.
BOX Company Profile
Box, Inc provides a cloud content management platform that enables organizations of various sizes to manage and share their 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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