Maxim Group Reiterates “$11.00” Price Target for Boxlight (BOXL)

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.

About Boxlight

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.

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