Shares of Box Inc (NYSE:BOX) have been given a consensus rating of “Buy” by the nineteen ratings firms that are covering the company, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, three have issued a hold recommendation, fourteen have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $24.24.

A number of research analysts have recently weighed in on the company. Drexel Hamilton restated a “buy” rating and issued a $28.00 target price on shares of BOX in a report on Monday, November 27th. Oppenheimer restated a “buy” rating and issued a $24.00 target price on shares of BOX in a report on Thursday, November 30th. JMP Securities raised their target price on BOX to $25.00 and gave the company an “outperform” rating in a report on Thursday, November 30th. Vetr raised BOX from a “buy” rating to a “strong-buy” rating and set a $25.42 price target for the company in a research report on Wednesday, November 29th. Finally, Canaccord Genuity reaffirmed a “buy” rating and set a $25.00 price target on shares of BOX in a research report on Thursday, November 30th.

In other BOX news, Director Dana L. Evan sold 7,500 shares of the firm’s stock in a transaction on Wednesday, January 3rd. The stock was sold at an average price of $21.65, for a total value of $162,375.00. Following the completion of the sale, the director now directly owns 21,399 shares of the company’s stock, valued at $463,288.35. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Dylan C. Smith sold 13,000 shares of the firm’s stock in a transaction on Monday, February 12th. The stock was sold at an average price of $20.42, for a total value of $265,460.00. Following the completion of the sale, the chief financial officer now directly owns 13,000 shares of the company’s stock, valued at $265,460. The disclosure for this sale can be found here. Insiders have sold 2,065,309 shares of company stock valued at $43,227,222 over the last ninety days. 20.59% of the stock is currently owned by company insiders.

Large investors have recently added to or reduced their stakes in the business. Ameritas Investment Partners Inc. increased its position in BOX by 81.3% in 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 during the last quarter. Amalgamated Bank purchased a new stake in BOX in the second quarter worth $183,000. Principal Financial Group Inc. purchased a new stake in BOX in the second quarter worth $199,000. Dorsey & Whitney Trust CO LLC purchased a new stake in BOX in the fourth quarter worth $203,000. Finally, Welch Capital Partners LLC NY purchased a new stake in BOX in the fourth quarter worth $226,000. 62.02% of the stock is owned by institutional investors and hedge funds.

BOX (NYSE:BOX) opened at $20.37 on Wednesday. BOX has a fifty-two week low of $15.73 and a fifty-two week high of $24.10. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 2.53. The firm has a market capitalization of $2,770.00, a P/E ratio of -16.98 and a beta of 1.20.

BOX (NYSE:BOX) last posted its earnings results on Wednesday, November 29th. The software maker reported ($0.13) earnings per share for the quarter, meeting the Zacks’ consensus estimate of ($0.13). BOX had a negative return on equity of 313.90% and a negative net margin of 33.20%. The company had revenue of $129.30 million for the quarter, compared to analyst estimates of $128.67 million. During the same quarter last year, the company earned ($0.14) earnings per share. The company’s revenue for the quarter was up 25.8% on a year-over-year basis. sell-side analysts forecast that BOX will post -1.17 EPS for the current fiscal year.

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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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