Box, Inc. (NYSE:BOX – Get Free Report) has earned an average rating of “Moderate Buy” from the ten brokerages that are presently covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have given a buy rating to the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $31.22.
Several research firms have recently commented on BOX. Citigroup boosted their price objective on BOX from $32.00 to $34.00 and gave the company a “buy” rating in a report on Wednesday, August 28th. Monness Crespi & Hardt upgraded shares of BOX to a “hold” rating in a research note on Friday, August 16th. UBS Group raised their price objective on shares of BOX from $31.00 to $34.00 and gave the company a “buy” rating in a research note on Wednesday, August 28th. StockNews.com upgraded shares of BOX from a “buy” rating to a “strong-buy” rating in a report on Thursday, August 15th. Finally, Royal Bank of Canada reaffirmed an “underperform” rating and issued a $21.00 price target on shares of BOX in a research report on Wednesday, August 28th.
Insider Buying and Selling
Hedge Funds Weigh In On BOX
Several hedge funds have recently made changes to their positions in BOX. Quarry LP lifted its holdings in BOX by 324.6% during the 2nd quarter. Quarry LP now owns 1,418 shares of the software maker’s stock worth $37,000 after purchasing an additional 1,084 shares in the last quarter. TFO Wealth Partners LLC increased its position in shares of BOX by 62,000.0% during the fourth quarter. TFO Wealth Partners LLC now owns 1,863 shares of the software maker’s stock valued at $48,000 after buying an additional 1,860 shares during the period. Toronto Dominion Bank purchased a new stake in shares of BOX in the second quarter worth about $53,000. Nisa Investment Advisors LLC boosted its position in shares of BOX by 31.7% in the second quarter. Nisa Investment Advisors LLC now owns 2,627 shares of the software maker’s stock valued at $69,000 after acquiring an additional 632 shares during the period. Finally, Quest Partners LLC bought a new stake in BOX during the 2nd quarter worth approximately $95,000. 86.74% of the stock is currently owned by hedge funds and other institutional investors.
BOX Stock Up 0.3 %
BOX stock opened at $32.53 on Tuesday. The company has a market capitalization of $4.66 billion, a PE ratio of 44.56 and a beta of 0.85. The firm’s fifty day moving average is $28.12 and its 200 day moving average is $27.42. BOX has a 12-month low of $23.29 and a 12-month high of $33.45.
BOX (NYSE:BOX – Get Free Report) last announced its quarterly earnings data on Tuesday, August 27th. The software maker reported $0.44 earnings per share for the quarter, beating the consensus estimate of $0.40 by $0.04. The firm had revenue of $270.04 million for the quarter, compared to analyst estimates of $269.52 million. BOX had a net margin of 13.94% and a negative return on equity of 14.41%. The business’s quarterly revenue was up 3.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.01 earnings per share. Sell-side analysts expect that BOX will post 0.2 EPS 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.
Featured Stories
- Five stocks we like better than BOX
- The 3 Best Retail Stocks to Shop for in August
- Why Block’s Key Components Make It a Solid Investment Choice
- Where to Find Earnings Call Transcripts
- Is Applied Digital’s Stock Set to Surge With NVIDIA’s Backing?
- What is a Dividend King?
- 4 Reasons to Consider Adding General Mills to Your Portfolio
Receive News & Ratings for BOX Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BOX and related companies with MarketBeat.com's FREE daily email newsletter.