Shares of Box Inc (NYSE:BOX) have received a consensus recommendation of “Buy” from the nineteen analysts that are covering the firm. Seven investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $18.47.
BOX has been the subject of a number of research reports. Pacific Crest reissued a “buy” rating and issued a $25.00 price target (up previously from $21.00) on shares of Box in a report on Sunday, March 5th. Zacks Investment Research lowered shares of Box from a “buy” rating to a “hold” rating in a report on Tuesday, January 31st. Rosenblatt Securities reissued a “buy” rating and issued a $25.00 price target on shares of Box in a report on Tuesday, February 21st. Oppenheimer Holdings Inc. set a $21.00 price target on shares of Box and gave the company a “buy” rating in a report on Thursday, March 2nd. Finally, Drexel Hamilton raised their price objective on shares of Box from $22.00 to $26.00 and gave the company a “positive” rating in a research note on Thursday, March 2nd.
Box (NYSE:BOX) opened at 18.69 on Monday. Box has a 12 month low of $9.86 and a 12 month high of $18.70. The firm’s 50-day moving average is $17.24 and its 200-day moving average is $16.29. The stock’s market capitalization is $2.38 billion.
Box (NYSE:BOX) last issued its quarterly earnings results on Wednesday, March 1st. The software maker reported ($0.10) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.14) by $0.04. The business had revenue of $109.93 million during the quarter, compared to analyst estimates of $108.86 million. Box had a negative net margin of 44.23% and a negative return on equity of 144.98%. Box’s revenue for the quarter was up 29.4% compared to the same quarter last year. During the same quarter last year, the business posted ($0.26) earnings per share. On average, equities analysts expect that Box will post ($0.47) earnings per share for the current fiscal year.
In other news, COO Daniel J. Levin sold 40,000 shares of Box stock in a transaction on Monday, April 17th. The shares were sold at an average price of $16.96, for a total transaction of $678,400.00. Following the transaction, the chief operating officer now directly owns 3,752 shares of the company’s stock, valued at $63,633.92. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Rory O’driscoll sold 43,500 shares of Box stock in a transaction on Monday, March 27th. The stock was sold at an average price of $16.41, for a total transaction of $713,835.00. The disclosure for this sale can be found here. Over the last three months, insiders have sold 771,186 shares of company stock worth $12,849,908. Insiders own 22.30% of the company’s stock.
Institutional investors have recently made changes to their positions in the company. Advisory Services Network LLC purchased a new position in shares of Box during the first quarter worth $142,000. Cipher Capital LP purchased a new position in shares of Box during the fourth quarter worth $149,000. Two Sigma Securities LLC purchased a new position in shares of Box during the first quarter worth $177,000. ARK Investment Management LLC bought a new stake in Box during the fourth quarter valued at approximately $164,000. Finally, Commerzbank Aktiengesellschaft FI bought a new stake in Box during the fourth quarter valued at approximately $175,000. 27.65% of the stock is currently owned by institutional investors.
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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