Box, Inc. (NYSE:BOX) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Shares of Box, Inc. (NYSE:BOX) have been assigned a consensus recommendation of “Moderate Buy” from the ten brokerages that are covering the firm, Marketbeat reports. One research analyst has rated the stock with a sell rating, two have issued a hold rating and seven have issued a buy rating on the company. The average twelve-month price target among analysts that have covered the stock in the last year is $30.33.

BOX has been the topic of several research reports. Oppenheimer reissued an “outperform” rating and set a $35.00 price objective on shares of BOX in a report on Wednesday, May 29th. JMP Securities reiterated a “market outperform” rating and set a $32.00 price objective on shares of BOX in a research note on Wednesday, March 20th. Royal Bank of Canada restated an “underperform” rating and set a $21.00 target price on shares of BOX in a research report on Wednesday, May 29th. UBS Group decreased their target price on shares of BOX from $34.00 to $31.00 and set a “buy” rating for the company in a research report on Wednesday, May 29th. Finally, JPMorgan Chase & Co. boosted their target price on shares of BOX from $31.00 to $32.00 and gave the company an “overweight” rating in a research report on Wednesday, March 6th.

Insiders Place Their Bets

In other news, CFO Dylan C. Smith sold 13,000 shares of the business’s stock in a transaction dated Friday, May 10th. The shares were sold at an average price of $26.08, for a total transaction of $339,040.00. Following the completion of the sale, the chief financial officer now owns 1,565,912 shares of the company’s stock, valued at $40,838,984.96. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CFO Dylan C. Smith sold 13,000 shares of the business’s stock in a transaction dated Friday, May 10th. The shares were sold at an average price of $26.08, for a total transaction of $339,040.00. Following the completion of the sale, the chief financial officer now owns 1,565,912 shares of the company’s stock, valued at $40,838,984.96. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Eli Berkovitch sold 3,300 shares of the business’s stock in a transaction dated Friday, June 14th. The stock was sold at an average price of $25.90, for a total transaction of $85,470.00. Following the sale, the vice president now directly owns 152,372 shares of the company’s stock, valued at approximately $3,946,434.80. The disclosure for this sale can be found here. Over the last quarter, insiders sold 42,300 shares of company stock worth $1,122,350. Company insiders own 4.10% of the company’s stock.

Hedge Funds Weigh In On BOX

Several institutional investors and hedge funds have recently bought and sold shares of BOX. Vanguard Group Inc. boosted its holdings in BOX by 14.9% in the 1st quarter. Vanguard Group Inc. now owns 17,313,882 shares of the software maker’s stock valued at $490,329,000 after purchasing an additional 2,249,082 shares during the last quarter. UBS Group AG boosted its holdings in BOX by 404.3% in the 4th quarter. UBS Group AG now owns 1,001,086 shares of the software maker’s stock valued at $25,638,000 after purchasing an additional 802,564 shares during the last quarter. Principal Financial Group Inc. boosted its holdings in BOX by 4,889.2% in the 1st quarter. Principal Financial Group Inc. now owns 813,234 shares of the software maker’s stock valued at $23,031,000 after purchasing an additional 796,934 shares during the last quarter. Sivia Capital Partners LLC acquired a new position in shares of BOX in the 4th quarter worth approximately $19,606,000. Finally, Earnest Partners LLC lifted its holdings in shares of BOX by 10.5% in the 1st quarter. Earnest Partners LLC now owns 7,340,474 shares of the software maker’s stock worth $207,882,000 after acquiring an additional 699,882 shares during the last quarter. 86.74% of the stock is currently owned by institutional investors and hedge funds.

BOX Stock Up 0.6 %

Shares of BOX stock opened at $25.59 on Thursday. The firm has a market cap of $3.69 billion, a price-to-earnings ratio of 35.05, a PEG ratio of 7.31 and a beta of 0.83. The company’s 50 day moving average is $26.43 and its 200 day moving average is $26.60. BOX has a 52-week low of $23.29 and a 52-week high of $31.94.

BOX (NYSE:BOX) last issued its quarterly earnings data on Tuesday, May 28th. The software maker reported $0.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.02 by $0.03. The company had revenue of $264.66 million for the quarter, compared to analyst estimates of $261.65 million. BOX had a net margin of 13.13% and a negative return on equity of 11.71%. Analysts anticipate that BOX will post 0.17 EPS 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 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.