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

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Box Inc (NYSE:BOX) has earned a consensus recommendation of “Buy” from the sixteen analysts that are presently covering the company, Marketbeat reports. Six equities research analysts have rated the stock with a hold recommendation and ten have assigned a buy recommendation to the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $21.04.

Several research firms have issued reports on BOX. Zacks Investment Research upgraded BOX from a “hold” rating to a “buy” rating and set a $18.00 price objective for the company in a research note on Thursday, June 6th. Morgan Stanley set a $17.00 target price on BOX and gave the stock a “hold” rating in a report on Tuesday, June 4th. ValuEngine cut BOX from a “buy” rating to a “hold” rating in a report on Monday, May 13th. Raymond James reduced their target price on BOX from $24.00 to $21.00 and set an “outperform” rating on the stock in a report on Tuesday, June 4th. Finally, Wells Fargo & Co reduced their target price on BOX from $27.00 to $22.50 and set an “outperform” rating on the stock in a report on Tuesday, June 4th.

In related news, Director Josh Stein sold 20,000 shares of BOX stock in a transaction that occurred on Monday, June 17th. The stock was sold at an average price of $18.19, for a total value of $363,800.00. Following the sale, the director now owns 3,699 shares of the company’s stock, valued at approximately $67,284.81. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Dylan C. Smith sold 15,000 shares of BOX stock in a transaction that occurred on Monday, June 10th. The shares were sold at an average price of $18.02, for a total value of $270,300.00. Following the completion of the sale, the chief financial officer now directly owns 1,084,280 shares in the company, valued at approximately $19,538,725.60. The disclosure for this sale can be found here. 6.70% of the stock is currently owned by company insiders.

A number of institutional investors have recently made changes to their positions in the stock. United Services Automobile Association increased its position in shares of BOX by 6.2% during the 2nd quarter. United Services Automobile Association now owns 22,146 shares of the software maker’s stock worth $390,000 after purchasing an additional 1,295 shares during the last quarter. CSat Investment Advisory L.P. bought a new position in shares of BOX during the 2nd quarter worth approximately $26,000. First Republic Investment Management Inc. boosted its stake in shares of BOX by 3.0% during the 1st quarter. First Republic Investment Management Inc. now owns 50,906 shares of the software maker’s stock worth $983,000 after acquiring an additional 1,500 shares during the period. Trust Co. of Vermont bought a new position in shares of BOX during the 1st quarter worth approximately $31,000. Finally, Metropolitan Life Insurance Co NY boosted its stake in shares of BOX by 4.5% during the 1st quarter. Metropolitan Life Insurance Co NY now owns 39,858 shares of the software maker’s stock worth $769,000 after acquiring an additional 1,723 shares during the period. 70.16% of the stock is currently owned by institutional investors and hedge funds.

Shares of NYSE BOX opened at $13.76 on Friday. The business has a fifty day simple moving average of $15.70 and a 200 day simple moving average of $18.88. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 10.68. The firm has a market capitalization of $1.98 billion, a price-to-earnings ratio of -14.33 and a beta of 1.36. BOX has a one year low of $12.76 and a one year high of $27.19.

BOX (NYSE:BOX) last issued its earnings results on Monday, June 3rd. The software maker reported ($0.03) EPS for the quarter, beating analysts’ consensus estimates of ($0.05) by $0.02. BOX had a negative return on equity of 446.05% and a negative net margin of 21.37%. The business had revenue of $163.00 million during the quarter, compared to analyst estimates of $161.46 million. During the same period in the prior year, the company posted ($0.07) earnings per share. BOX’s revenue was up 16.0% on a year-over-year basis. On average, research analysts anticipate that BOX will post -0.96 earnings per share for the current fiscal year.

BOX Company Profile

Box, Inc provides a cloud content management platform that enables organizations of various sizes to manage and share their content from anywhere or 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.

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Analyst Recommendations for BOX (NYSE:BOX)

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