BOX (NYSE:BOX) had its price objective increased by equities researchers at JMP Securities to $25.00 in a note issued to investors on Thursday. The firm currently has an “outperform” rating on the software maker’s stock. JMP Securities’ target price points to a potential upside of 19.67% from the company’s current price.

BOX has been the topic of several other reports. Vetr upgraded shares of BOX from a “buy” rating to a “strong-buy” rating and set a $25.42 price objective on the stock in a research note on Wednesday. Stifel Nicolaus restated a “hold” rating and set a $17.00 price objective on shares of BOX in a research note on Wednesday, August 16th. Drexel Hamilton restated a “buy” rating and set a $28.00 price objective on shares of BOX in a research note on Monday, November 27th. BidaskClub upgraded shares of BOX from a “hold” rating to a “buy” rating in a research note on Wednesday, August 23rd. Finally, Raymond James Financial 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. Three equities research analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $24.24.

Shares of BOX (NYSE BOX) opened at $20.89 on Thursday. The company has a debt-to-equity ratio of 1.58, a current ratio of 1.02 and a quick ratio of 1.02. BOX has a 52 week low of $13.56 and a 52 week high of $24.10.

BOX (NYSE:BOX) last issued its quarterly earnings results on Wednesday, November 29th. The software maker reported ($0.13) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.13). BOX had a negative net margin of 33.20% and a negative return on equity of 270.51%. The firm had revenue of $129.30 million for the quarter, compared to analyst estimates of $128.67 million. During the same period in the previous year, the business earned ($0.14) EPS. The company’s revenue was up 25.8% compared to the same quarter last year. analysts forecast that BOX will post -1.15 EPS for the current year.

In related news, Director Daniel J. Levin sold 30,000 shares of the company’s stock in a transaction dated Wednesday, November 15th. The shares were sold at an average price of $21.73, for a total value of $651,900.00. Following the transaction, the director now owns 5,790 shares in the company, valued at approximately $125,816.70. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, President Daniel J. Levin sold 57,444 shares of the company’s stock in a transaction dated Tuesday, September 5th. The shares were sold at an average price of $18.43, for a total transaction of $1,058,692.92. Following the completion of the transaction, the president now owns 3,752 shares in the company, valued at approximately $69,149.36. The disclosure for this sale can be found here. In the last quarter, insiders sold 969,534 shares of company stock worth $18,204,431. 22.30% of the stock is owned by company insiders.

A number of institutional investors and hedge funds have recently made changes to their positions in BOX. Vanguard Group Inc. grew its stake in BOX by 79.0% in the 2nd quarter. Vanguard Group Inc. now owns 7,977,960 shares of the software maker’s stock valued at $145,518,000 after buying an additional 3,521,030 shares during the last quarter. Wells Fargo & Company MN grew its stake in BOX by 3,627.5% in the 2nd quarter. Wells Fargo & Company MN now owns 3,462,849 shares of the software maker’s stock valued at $63,162,000 after buying an additional 3,369,948 shares during the last quarter. Whale Rock Capital Management LLC acquired a new position in BOX in the 2nd quarter valued at about $32,382,000. JPMorgan Chase & Co. grew its stake in BOX by 3,041.0% in the 2nd quarter. JPMorgan Chase & Co. now owns 1,366,608 shares of the software maker’s stock valued at $24,927,000 after buying an additional 1,323,099 shares during the last quarter. Finally, Renaissance Technologies LLC grew its stake in BOX by 62.5% in the 2nd quarter. Renaissance Technologies LLC now owns 2,510,200 shares of the software maker’s stock valued at $45,786,000 after buying an additional 965,800 shares during the last quarter. Institutional investors and hedge funds own 63.44% of the company’s stock.

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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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