Box, Inc. (NYSE:BOX) Given Average Recommendation of “Moderate Buy” by Brokerages

Box, Inc. (NYSE:BOX) has earned an average rating of “Moderate Buy” from the ten research firms that are covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation and eight have issued a buy recommendation on the company. The average twelve-month price target among analysts that have covered the stock in the last year is $30.89.

BOX has been the topic of several recent analyst reports. TheStreet raised shares of BOX from a “c” rating to a “b” rating in a report on Tuesday, March 5th. JPMorgan Chase & Co. raised their price target on shares of BOX from $31.00 to $32.00 and gave the company an “overweight” rating in a research note on Wednesday, March 6th. StockNews.com upgraded BOX from a “buy” rating to a “strong-buy” rating in a research note on Thursday, April 11th. Citigroup increased their target price on BOX from $29.00 to $32.00 and gave the company a “buy” rating in a report on Wednesday, March 6th. Finally, UBS Group lifted their price target on BOX from $33.00 to $34.00 and gave the stock a “buy” rating in a research note on Wednesday, March 6th.

Insiders Place Their Bets

In other BOX news, Director Daniel J. Levin sold 73,660 shares of the firm’s stock in a transaction on Thursday, March 21st. The stock was sold at an average price of $28.40, for a total value of $2,091,944.00. Following the completion of the sale, the director now directly owns 43,940 shares of the company’s stock, valued at approximately $1,247,896. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, Director Dana L. Evan sold 11,000 shares of the stock in a transaction that occurred on Thursday, March 28th. The shares were sold at an average price of $28.47, for a total value of $313,170.00. Following the completion of the sale, the director now owns 116,535 shares of the company’s stock, valued at approximately $3,317,751.45. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Daniel J. Levin sold 73,660 shares of the firm’s stock in a transaction that occurred on Thursday, March 21st. The stock was sold at an average price of $28.40, for a total transaction of $2,091,944.00. Following the sale, the director now owns 43,940 shares of the company’s stock, valued at approximately $1,247,896. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 133,660 shares of company stock valued at $3,792,204. Insiders own 4.90% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Fairfield Bush & CO. acquired a new position in shares of BOX in the 1st quarter valued at $29,000. Cambridge Investment Research Advisors Inc. acquired a new position in BOX in the first quarter valued at about $206,000. Natixis Advisors L.P. boosted its stake in BOX by 54.5% during the first quarter. Natixis Advisors L.P. now owns 22,540 shares of the software maker’s stock worth $655,000 after buying an additional 7,953 shares during the period. MetLife Investment Management LLC increased its position in shares of BOX by 55.3% during the first quarter. MetLife Investment Management LLC now owns 74,326 shares of the software maker’s stock valued at $2,160,000 after acquiring an additional 26,459 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in shares of BOX by 18.6% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,091,273 shares of the software maker’s stock valued at $31,713,000 after acquiring an additional 170,949 shares during the period. 86.74% of the stock is currently owned by hedge funds and other institutional investors.

BOX Trading Up 0.8 %

Shares of BOX stock opened at $26.68 on Friday. BOX has a 12-month low of $23.29 and a 12-month high of $31.94. The business’s 50 day moving average is $27.48 and its two-hundred day moving average is $26.20. The company has a market capitalization of $3.85 billion, a P/E ratio of 39.81, a P/E/G ratio of 8.90 and a beta of 0.84.

BOX (NYSE:BOX) last announced its earnings results on Tuesday, March 5th. The software maker reported $0.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.02 by $0.07. BOX had a negative return on equity of 9.46% and a net margin of 12.43%. The firm had revenue of $262.88 million for the quarter, compared to analyst estimates of $262.92 million. On average, research analysts predict that BOX will post 0.15 earnings per share for the current fiscal year.

About BOX

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 work with their content as they need from secure external collaboration and sharing, workspaces and portals, e-signature processes, and content workflows improving employee productivity and accelerating business processes.