Shares of Box, Inc. (NYSE:BOX) have received a consensus recommendation of “Buy” from the eighteen research firms that are currently covering the stock, Marketbeat reports. Three research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $23.40.

Several brokerages have recently commented on BOX. Oppenheimer Holdings, Inc. restated a “buy” rating and issued a $22.00 target price on shares of Box in a research note on Monday. Mitsubishi UFJ Financial Group upgraded Box to an “overweight” rating and raised their target price for the company from $23.00 to $24.00 in a research note on Thursday, August 31st. Rosenblatt Securities restated a “buy” rating and issued a $25.00 target price on shares of Box in a research note on Friday, September 1st. Drexel Hamilton restated a “buy” rating and issued a $28.00 target price on shares of Box in a research note on Monday, August 28th. Finally, BidaskClub upgraded Box from a “hold” rating to a “buy” rating in a research note on Wednesday, August 23rd.

Box (NYSE:BOX) traded up 0.80% on Thursday, reaching $20.22. The company’s stock had a trading volume of 2,277,619 shares. The stock’s market cap is $2.70 billion. Box has a 52-week low of $13.56 and a 52-week high of $20.91. The firm’s 50-day moving average price is $18.73 and its 200-day moving average price is $18.73.

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

In other Box news, President Daniel J. Levin sold 20,000 shares of Box stock in a transaction that occurred on Tuesday, August 15th. The shares were sold at an average price of $18.60, for a total transaction of $372,000.00. Following the transaction, the president now owns 3,752 shares of the company’s stock, valued at approximately $69,787.20. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Daniel J. Levin sold 50,000 shares of Box stock in a transaction that occurred on Thursday, July 27th. The stock was sold at an average price of $20.00, for a total transaction of $1,000,000.00. Following the transaction, the insider now directly owns 3,752 shares in the company, valued at approximately $75,040. The disclosure for this sale can be found here. In the last three months, insiders have sold 1,009,534 shares of company stock worth $18,924,531. Insiders own 20.59% of the company’s stock.

Several institutional investors have recently bought and sold shares of the business. Verition Fund Management LLC bought a new position in shares of Box during the 2nd quarter worth approximately $288,000. Crosslink Capital Inc. lifted its position in shares of Box by 95.4% during the 2nd quarter. Crosslink Capital Inc. now owns 1,332,742 shares of the software maker’s stock worth $24,309,000 after buying an additional 650,712 shares in the last quarter. Sterling Capital Management LLC lifted its position in shares of Box by 19.0% during the 2nd quarter. Sterling Capital Management LLC now owns 102,761 shares of the software maker’s stock worth $1,874,000 after buying an additional 16,408 shares in the last quarter. Ameritas Investment Partners Inc. lifted its position in shares of Box by 81.3% during the 2nd 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. Finally, California State Teachers Retirement System lifted its position in shares of Box by 44.8% during the 2nd quarter. California State Teachers Retirement System now owns 139,206 shares of the software maker’s stock worth $2,539,000 after buying an additional 43,043 shares in the last quarter. 57.37% of the stock is currently owned by hedge funds and other institutional investors.

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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.

Analyst Recommendations for Box (NYSE:BOX)

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