Shares of Box Inc (NYSE:BOX) have earned a consensus recommendation of “Buy” from the nineteen ratings firms that are covering the firm, MarketBeat Ratings reports. Eight equities research analysts have rated the stock with a hold recommendation and eleven have given a buy recommendation to the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $25.07.
Several analysts have recently commented on BOX shares. Goldman Sachs Group started coverage on shares of BOX in a report on Tuesday, February 5th. They issued a “buy” rating and a $31.00 price objective on the stock. Rosenblatt Securities raised shares of BOX from a “neutral” rating to a “buy” rating in a report on Tuesday, January 15th. Prescient Securities raised shares of BOX from a “neutral” rating to a “buy” rating and set a $27.00 price target on the stock in a report on Tuesday, January 15th. Citigroup downgraded shares of BOX from a “buy” rating to a “neutral” rating and lowered their price target for the stock from $27.00 to $21.00 in a report on Thursday, February 28th. Finally, Craig Hallum began coverage on shares of BOX in a report on Thursday, January 24th. They set a “buy” rating and a $30.00 price target on the stock.
Shares of BOX stock traded up $0.33 during trading hours on Thursday, hitting $19.95. The company’s stock had a trading volume of 46,461 shares, compared to its average volume of 3,533,921. The company has a market capitalization of $2.81 billion, a P/E ratio of -20.76 and a beta of 1.50. The company has a debt-to-equity ratio of 2.88, a current ratio of 0.90 and a quick ratio of 0.90. BOX has a 12-month low of $15.64 and a 12-month high of $29.79.
BOX (NYSE:BOX) last released its quarterly earnings data on Wednesday, February 27th. The software maker reported $0.06 EPS for the quarter, beating the consensus estimate of $0.02 by $0.04. The business had revenue of $163.70 million for the quarter, compared to the consensus estimate of $164.16 million. BOX had a negative net margin of 22.13% and a negative return on equity of 381.77%. The business’s revenue for the quarter was up 19.8% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.06) EPS. As a group, sell-side analysts forecast that BOX will post -0.93 earnings per share for the current year.
In other BOX news, CFO Dylan C. Smith sold 45,000 shares of the company’s stock in a transaction on Monday, February 11th. The shares were sold at an average price of $23.57, for a total transaction of $1,060,650.00. Following the completion of the transaction, the chief financial officer now directly owns 1,124,274 shares in the company, valued at $26,499,138.18. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Daniel J. Levin sold 30,000 shares of the company’s stock in a transaction on Tuesday, January 15th. The stock was sold at an average price of $19.08, for a total transaction of $572,400.00. Following the transaction, the director now owns 5,790 shares of the company’s stock, valued at $110,473.20. The disclosure for this sale can be found here. Insiders have sold 205,000 shares of company stock worth $4,294,750 over the last three months. 8.51% of the stock is currently owned by insiders.
Large investors have recently bought and sold shares of the business. Vanguard Group Inc. raised its position in BOX by 7.3% during the third quarter. Vanguard Group Inc. now owns 13,567,400 shares of the software maker’s stock worth $324,397,000 after acquiring an additional 919,030 shares during the period. Virtu Financial LLC raised its position in shares of BOX by 27.6% in the fourth quarter. Virtu Financial LLC now owns 34,320 shares of the software maker’s stock valued at $579,000 after buying an additional 7,423 shares during the last quarter. MetLife Investment Advisors LLC raised its position in shares of BOX by 74.9% in the third quarter. MetLife Investment Advisors LLC now owns 101,444 shares of the software maker’s stock valued at $2,426,000 after buying an additional 43,450 shares during the last quarter. Arlington Partners LLC raised its position in shares of BOX by 29.1% in the fourth quarter. Arlington Partners LLC now owns 73,667 shares of the software maker’s stock valued at $1,243,000 after buying an additional 16,617 shares during the last quarter. Finally, Loeb Partners Corp acquired a new stake in shares of BOX in the fourth quarter valued at about $53,000. Institutional investors own 65.94% of the company’s stock.
Box, Inc provides cloud content management platform that enables organizations of various sizes to manage and share their enterprise 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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