Box, Inc. (NYSE:BOX) has been given an average recommendation of “Buy” by the ten analysts that are covering the company, Marketbeat Ratings reports. Three research analysts have rated the stock with a hold recommendation and seven have issued a buy recommendation on the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $24.33.
A number of brokerages recently weighed in on BOX. Morgan Stanley lowered their target price on shares of BOX from $25.00 to $23.00 and set an “overweight” rating on the stock in a research note on Wednesday, December 2nd. Oppenheimer initiated coverage on shares of BOX in a research note on Wednesday, December 9th. They set a “buy” rating and a $24.00 price target on the stock. Finally, BidaskClub downgraded shares of BOX from a “buy” rating to a “hold” rating in a research note on Thursday.
In related news, CFO Dylan C. Smith sold 15,000 shares of BOX stock in a transaction on Monday, October 12th. The shares were sold at an average price of $18.04, for a total value of $270,600.00. Following the transaction, the chief financial officer now directly owns 1,169,495 shares of the company’s stock, valued at $21,097,689.80. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Aaron Levie sold 50,000 shares of BOX stock in a transaction on Monday, December 21st. The stock was sold at an average price of $19.22, for a total transaction of $961,000.00. Following the completion of the transaction, the chief executive officer now directly owns 2,668,566 shares in the company, valued at $51,289,838.52. The disclosure for this sale can be found here. Company insiders own 6.20% of the company’s stock.
Hedge funds and other institutional investors have recently modified their holdings of the stock. Sei Investments Co. boosted its holdings in BOX by 22.2% in the third quarter. Sei Investments Co. now owns 679,895 shares of the software maker’s stock valued at $11,804,000 after acquiring an additional 123,330 shares in the last quarter. Strategic Wealth Advisors Group LLC bought a new stake in shares of BOX during the 3rd quarter valued at $392,000. Eudaimonia Partners LLC bought a new stake in shares of BOX during the 3rd quarter valued at $40,000. Paces Ferry Wealth Advisors LLC bought a new stake in shares of BOX during the 3rd quarter valued at $73,000. Finally, Twinbeech Capital LP bought a new stake in shares of BOX during the 3rd quarter valued at $1,064,000. 73.26% of the stock is currently owned by institutional investors.
Shares of BOX opened at $18.05 on Wednesday. The firm’s 50 day simple moving average is $18.00 and its 200 day simple moving average is $18.15. The company has a market capitalization of $2.86 billion, a P/E ratio of -40.11 and a beta of 1.35. The company has a debt-to-equity ratio of 1.38, a current ratio of 0.90 and a quick ratio of 0.90. BOX has a 1-year low of $8.64 and a 1-year high of $22.09.
BOX (NYSE:BOX) last announced its earnings results on Monday, November 30th. The software maker reported $0.20 earnings per share for the quarter, beating analysts’ consensus estimates of $0.14 by $0.06. The business had revenue of $196.00 million for the quarter, compared to the consensus estimate of $194.27 million. BOX had a negative net margin of 9.12% and a negative return on equity of 124.79%. BOX’s quarterly revenue was up 10.6% on a year-over-year basis. During the same period last year, the firm posted ($0.01) earnings per share. On average, equities analysts anticipate that BOX will post -0.31 earnings per share for the current year.
Box, Inc provides a cloud content management platform that enables organizations of various sizes to manage and share their content from anywhere on 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 to comply with legal and regulatory requirements, internal policies, and industry standards and regulations.
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