Box Inc (NYSE:BOX)‘s stock had its “buy” rating reiterated by analysts at Drexel Hamilton in a report released on Monday.
BOX has been the subject of several other research reports. Zacks Investment Research raised shares of Box from a “hold” rating to a “buy” rating and set a $19.00 target price for the company in a research note on Monday, January 16th. Oppenheimer Holdings Inc. set a $18.00 target price on shares of Box and gave the company a “buy” rating in a research note on Monday, January 9th. Pacific Crest reissued a “buy” rating and issued a $25.00 target price (up previously from $21.00) on shares of Box in a research note on Sunday, March 5th. Rosenblatt Securities set a $25.00 target price on shares of Box and gave the stock a “buy” rating in a research report on Thursday, December 1st. Finally, Vetr lowered shares of Box from a “strong-buy” rating to a “buy” rating and set a $17.18 target price on the stock. in a research report on Thursday, November 24th. Seven analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company’s stock. Box currently has an average rating of “Buy” and an average price target of $19.37.
Box (NYSE:BOX) opened at 16.55 on Monday. The firm’s market cap is $2.15 billion. Box has a one year low of $9.86 and a one year high of $18.36. The company has a 50 day moving average of $17.42 and a 200-day moving average of $15.58.
Box (NYSE:BOX) last announced its earnings results on Wednesday, March 1st. The company reported ($0.10) earnings per share for the quarter, beating the consensus estimate of ($0.14) by $0.04. Box had a negative net margin of 44.23% and a negative return on equity of 144.98%. The firm earned $109.93 million during the quarter, compared to the consensus estimate of $108.86 million. During the same quarter in the previous year, the company posted ($0.26) EPS. The firm’s revenue for the quarter was up 29.4% on a year-over-year basis. On average, equities research analysts predict that Box will post ($0.47) earnings per share for the current year.
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In other Box news, Director Rory O’driscoll sold 640,797 shares of the stock in a transaction that occurred on Monday, January 9th. The shares were sold at an average price of $14.77, for a total transaction of $9,464,571.69. The transaction was disclosed in a filing with the SEC, which is available at this link. Company insiders own 22.30% of the company’s stock.
A number of institutional investors have recently bought and sold shares of BOX. Cipher Capital LP bought a new position in Box during the fourth quarter worth $149,000. ARK Investment Management LLC bought a new position in Box during the fourth quarter worth $164,000. Commerzbank Aktiengesellschaft FI bought a new position in Box during the fourth quarter worth $175,000. Honkamp Krueger Financial Services Inc. ADV bought a new position in Box during the fourth quarter worth $185,000. Finally, Bayesian Capital Management LP bought a new position in Box during the fourth quarter worth $187,000. 27.65% of the stock is currently owned by institutional investors.
Box Company Profile
Box, Inc provides an enterprise content management platform that enables organizations of all sizes to manage enterprise content while allowing access and sharing of this content from anywhere, on any device. With the Company’s Software-as-a-Service (SaaS) cloud-based platform, users can collaborate on content both internally and with external parties, automate content-driven business processes, develop custom applications, and implement data protection, security and compliance features to comply with internal policies and industry regulations.
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