Maxim Group set a $11.00 target price on Boxlight (NASDAQ:BOXL) in a report issued on Friday morning, TipRanks reports. The firm currently has a buy rating on the stock.
BOXL has been the topic of a number of other reports. Taglich Brothers reaffirmed a speculative buy rating on shares of Boxlight in a report on Friday, April 5th. ValuEngine cut Boxlight from a buy rating to a hold rating in a report on Monday, May 13th. Finally, Zacks Investment Research raised Boxlight from a sell rating to a hold rating in a report on Tuesday, February 5th.
Shares of BOXL stock traded down $0.02 on Friday, reaching $3.56. The stock had a trading volume of 119,000 shares, compared to its average volume of 888,996. The company has a market cap of $36.96 million, a P/E ratio of -9.13 and a beta of 6.98. Boxlight has a 1 year low of $1.14 and a 1 year high of $9.68. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.66 and a quick ratio of 0.46.
Boxlight (NASDAQ:BOXL) last released its quarterly earnings results on Thursday, May 16th. The company reported ($0.25) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.18) by ($0.07). The firm had revenue of $5.01 million during the quarter, compared to analysts’ expectations of $7.21 million. Boxlight had a negative return on equity of 76.32% and a negative net margin of 29.74%. As a group, analysts expect that Boxlight will post -0.37 earnings per share for the current year.
Institutional investors have recently made changes to their positions in the stock. Morgan Stanley bought a new position in Boxlight in the 1st quarter worth $27,000. Geode Capital Management LLC bought a new position in Boxlight in the 4th quarter worth $45,000. Virtu Financial LLC bought a new position in Boxlight in the 1st quarter worth $115,000. Vanguard Group Inc raised its holdings in Boxlight by 102.6% in the 3rd quarter. Vanguard Group Inc now owns 54,226 shares of the company’s stock worth $158,000 after purchasing an additional 27,457 shares during the period. Finally, Vanguard Group Inc. raised its holdings in Boxlight by 102.6% in the 3rd quarter. Vanguard Group Inc. now owns 54,226 shares of the company’s stock worth $158,000 after purchasing an additional 27,457 shares during the period. 2.57% of the stock is currently owned by institutional investors.
Boxlight Corporation, an education technology company, develops, sells, and services interactive classroom solutions for the education market worldwide. The company provides a range of interactive classroom technology products primarily targeted at the K-12 education market. Its products include interactive projectors, interactive flat panel displays, interactive touch projectors, touchboards, and MimioTeach that could turn any whiteboard interactive; and accessory document cameras, teacher pads for remote control, and assessment systems.
See Also: Are 12b-1 Fees Affecting Your Mutual Fund Performance?
Receive News & Ratings for Boxlight Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Boxlight and related companies with MarketBeat.com's FREE daily email newsletter.