Rosenblatt Securities restated their buy rating on shares of Box, Inc. (NYSE:BOX) in a research note issued to investors on Monday morning. They currently have a $25.00 price objective on the software maker’s stock.

Several other equities analysts have also recently commented on the stock. Drexel Hamilton reaffirmed a buy rating and set a $28.00 price target on shares of Box in a research report on Monday, August 28th. Mitsubishi UFJ Financial Group raised shares of Box to an overweight rating and increased their price target for the stock from $23.00 to $24.00 in a research report on Thursday, August 31st. BidaskClub lowered shares of Box from a buy rating to a hold rating in a research note on Tuesday, August 1st. UBS AG upgraded shares of Box from a market perform rating to an outperform rating and set a $26.00 price objective on the stock in a research note on Monday, September 25th. Finally, Oppenheimer Holdings, Inc. reiterated an outperform rating and set a $22.00 price objective on shares of Box in a research note on Sunday, September 3rd. Three analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. Box presently has a consensus rating of Buy and a consensus target price of $23.32.

Shares of Box (NYSE BOX) opened at 19.26 on Monday. The firm’s market cap is $2.58 billion. Box has a 52-week low of $13.56 and a 52-week high of $19.44. The stock’s 50 day moving average price is $18.67 and its 200-day moving average price is $18.67.

Box (NYSE:BOX) last issued its quarterly earnings results on Wednesday, August 30th. The software maker reported ($0.11) EPS for the quarter, topping the consensus estimate of ($0.13) by $0.02. Box had a negative net margin of 34.11% and a negative return on equity of 232.81%. The business had revenue of $122.94 million for the quarter, compared to analysts’ expectations of $121.75 million. During the same quarter last year, the company posted ($0.14) earnings per share. The company’s quarterly revenue was up 28.4% compared to the same quarter last year. On average, equities research analysts anticipate that Box will post ($0.45) earnings per share for the current fiscal year.

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In related news, COO Daniel J. Levin sold 40,000 shares of the firm’s stock in a transaction that occurred on Monday, July 17th. The shares were sold at an average price of $18.93, for a total transaction of $757,200.00. Following the completion of the sale, the chief operating officer now directly owns 3,752 shares in the company, valued at $71,025.36. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, VP Jeff Mannie sold 6,145 shares of the firm’s stock in a transaction that occurred on Thursday, September 28th. The stock was sold at an average price of $19.00, for a total transaction of $116,755.00. The disclosure for this sale can be found here. Insiders have sold 999,534 shares of company stock valued at $18,684,231 over the last 90 days. 22.30% of the stock is currently owned by insiders.

Large investors have recently modified their holdings of the stock. Ameritas Investment Partners Inc. boosted its holdings in Box by 81.3% during the second quarter. Ameritas Investment Partners Inc. now owns 6,896 shares of the software maker’s stock worth $126,000 after buying an additional 3,092 shares in the last quarter. Hillsdale Investment Management Inc. bought a new stake in Box during the second quarter worth approximately $155,000. BNP Paribas Arbitrage SA boosted its holdings in Box by 843.7% during the second quarter. BNP Paribas Arbitrage SA now owns 9,786 shares of the software maker’s stock worth $178,000 after buying an additional 8,749 shares in the last quarter. StepStone Group LP bought a new stake in Box during the second quarter worth approximately $180,000. Finally, Amalgamated Bank bought a new stake in Box during the second quarter worth approximately $183,000. Hedge funds and other institutional investors own 57.37% of the company’s stock.

About Box

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.

Analyst Recommendations for Box (NYSE:BOX)

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