Analysts Set Box Inc. (BOX) Price Target at $17.42
Box Inc. (NYSE:BOX) has received an average rating of “Buy” from the seventeen ratings firms that are presently covering the stock. One equities research analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation, nine have assigned a buy recommendation and two have given a strong buy recommendation to the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $17.48.
A number of equities research analysts have weighed in on the stock. Stifel Nicolaus reiterated a “hold” rating and set a $15.00 price target on shares of Box in a research note on Monday. Vetr upgraded shares of Box from a “buy” rating to a “strong-buy” rating and set a $17.24 price target on the stock in a research note on Tuesday. Pacific Crest reiterated a “buy” rating and set a $21.00 price target on shares of Box in a research note on Friday, September 30th. Drexel Hamilton restated a “buy” rating and issued a $18.00 target price on shares of Box in a research note on Friday, September 16th. Finally, Mitsubishi UFJ Financial Group began coverage on shares of Box in a research note on Friday, September 16th. They issued a “neutral” rating and a $15.00 target price on the stock.
Box (NYSE:BOX) opened at 14.74 on Tuesday. Box has a 52 week low of $8.82 and a 52 week high of $16.59. The firm’s market cap is $1.87 billion. The stock has a 50 day moving average of $14.68 and a 200 day moving average of $12.53.
Box (NYSE:BOX) last posted its quarterly earnings results on Wednesday, August 31st. The company reported ($0.14) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.19) by $0.05. Box had a negative net margin of 52.12% and a negative return on equity of 133.73%. The firm had revenue of $95.70 million for the quarter, compared to the consensus estimate of $94.65 million. During the same quarter in the previous year, the company earned ($0.28) earnings per share. The business’s revenue was up 30.2% compared to the same quarter last year. Analysts anticipate that Box will post ($0.68) EPS for the current year.
In other Box news, VP Jeff Mannie sold 3,756 shares of the business’s stock in a transaction dated Monday, September 26th. The stock was sold at an average price of $14.67, for a total transaction of $55,100.52. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, COO Daniel J. Levin sold 5,000 shares of the business’s stock in a transaction dated Tuesday, September 6th. The stock was sold at an average price of $14.35, for a total value of $71,750.00. Following the sale, the chief operating officer now directly owns 3,079 shares of the company’s stock, valued at $44,183.65. The disclosure for this sale can be found here. Corporate insiders own 22.30% of the company’s stock.
Hedge funds have recently made changes to their positions in the company. Marcus Capital LLC boosted its stake in shares of Box by 0.6% in the second quarter. Marcus Capital LLC now owns 118,200 shares of the company’s stock valued at $1,222,000 after buying an additional 700 shares in the last quarter. Creative Planning boosted its stake in shares of Box by 2.3% in the third quarter. Creative Planning now owns 45,061 shares of the company’s stock valued at $710,000 after buying an additional 1,020 shares in the last quarter. Quantbot Technologies LP boosted its stake in shares of Box by 11.7% in the second quarter. Quantbot Technologies LP now owns 17,786 shares of the company’s stock valued at $183,000 after buying an additional 1,860 shares in the last quarter. Royal Bank of Canada boosted its stake in shares of Box by 83.0% in the first quarter. Royal Bank of Canada now owns 10,986 shares of the company’s stock valued at $134,000 after buying an additional 4,983 shares in the last quarter. Finally, Carl Domino Inc boosted its stake in shares of Box by 33.3% in the second quarter. Carl Domino Inc now owns 24,000 shares of the company’s stock valued at $248,000 after buying an additional 6,000 shares in the last quarter. 26.87% of the stock is owned by hedge funds and other institutional investors.
Box Company Profile
Box, Inc provides an enterprise content management platform that enables organizations of all sizes to manage enterprise content while allowing access and sharing of this content from anywhere, on any device. With the Company’s Software-as-a-Service (SaaS) cloud-based platform, users can collaborate on content both internally and with external parties, automate content-driven business processes, develop custom applications, and implement data protection, security and compliance features to comply with internal policies and industry regulations.
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