Box Inc. (NYSE:BOX)‘s stock had its “hold” rating reiterated by investment analysts at Stifel Nicolaus in a research note issued on Monday. They currently have a $15.00 price target on the stock. Stifel Nicolaus’ price objective indicates a potential downside of 4.70% from the company’s current price.
Several other analysts also recently weighed in on BOX. Vetr downgraded shares of Box from a “strong-buy” rating to a “buy” rating and set a $11.67 price objective on the stock. in a research report on Tuesday, July 12th. Zacks Investment Research downgraded shares of Box from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 2nd. Veritas Investment Research reiterated a “strong-buy” rating on shares of Box in a research report on Friday, August 5th. Oppenheimer Holdings Inc. reiterated an “outperform” rating and issued a $18.00 price objective on shares of Box in a research report on Monday, August 15th. Finally, Bank of America Corp. reiterated a “buy” rating and issued a $18.00 price objective on shares of Box in a research report on Monday, August 22nd. One analyst has rated the stock with a sell rating, five have issued a hold rating, ten have given a buy rating and one has given a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $17.90.
Box (NYSE:BOX) traded down 0.38% on Monday, reaching $15.68. 445,304 shares of the company’s stock were exchanged. The firm’s market capitalization is $1.99 billion. Box has a 1-year low of $8.82 and a 1-year high of $16.59. The stock’s 50 day moving average price is $14.44 and its 200 day moving average price is $12.45.
Box (NYSE:BOX) last issued its quarterly earnings data on Wednesday, August 31st. The company reported ($0.14) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.19) by $0.05. The firm had revenue of $95.70 million for the quarter, compared to the consensus estimate of $94.65 million. Box had a negative net margin of 52.12% and a negative return on equity of 133.73%. Box’s quarterly revenue was up 30.2% compared to the same quarter last year. During the same period last year, the firm posted ($0.28) EPS. On average, analysts expect that Box will post ($0.68) earnings per share for the current year.
In other Box news, VP Jeff Mannie sold 3,756 shares of the firm’s stock in a transaction dated Monday, September 26th. The shares were sold at an average price of $14.67, for a total value of $55,100.52. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO Daniel J. Levin sold 5,000 shares of the firm’s stock in a transaction dated Tuesday, September 6th. The stock was sold at an average price of $14.35, for a total transaction of $71,750.00. Following the completion of the transaction, the chief operating officer now owns 3,079 shares of the company’s stock, valued at $44,183.65. The disclosure for this sale can be found here. 22.30% of the stock is currently owned by company insiders.
Several hedge funds and other institutional investors have recently made changes to their positions in BOX. Parametric Portfolio Associates LLC purchased a new position in shares of Box during the second quarter valued at approximately $108,000. Royal Bank of Canada boosted its position in shares of Box by 83.0% in the first quarter. Royal Bank of Canada now owns 10,986 shares of the company’s stock valued at $134,000 after buying an additional 4,983 shares during the last quarter. Capstone Investment Advisors LLC purchased a new position in shares of Box during the second quarter valued at approximately $129,000. Quantbot Technologies LP boosted its position in shares of Box by 11.7% in the second quarter. Quantbot Technologies LP now owns 17,786 shares of the company’s stock valued at $183,000 after buying an additional 1,860 shares during the last quarter. Finally, Oppenheimer & Co. Inc. purchased a new position in shares of Box during the second quarter valued at approximately $192,000. Institutional investors own 26.87% of the company’s stock.
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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