Research analysts at DA Davidson assumed coverage on shares of BOX (NYSE:BOX) in a note issued to investors on Thursday. The brokerage set a “buy” rating and a $25.00 price target on the software maker’s stock. DA Davidson’s price target would suggest a potential upside of 17.92% from the stock’s previous close.

Several other research firms also recently weighed in on BOX. Drexel Hamilton reaffirmed a “buy” rating and issued a $28.00 price target on shares of BOX in a research note on Monday, November 27th. Oppenheimer reaffirmed a “buy” rating and issued a $24.00 price target on shares of BOX in a research note on Thursday, November 30th. Vetr raised shares of BOX from a “buy” rating to a “strong-buy” rating and set a $25.42 price target for the company in a research note on Wednesday, November 29th. JMP Securities boosted their target price on shares of BOX to $25.00 and gave the stock an “outperform” rating in a research report on Thursday, November 30th. Finally, Canaccord Genuity reissued a “buy” rating and set a $25.00 target price on shares of BOX in a research report on Thursday, November 30th. One investment analyst has rated the stock with a sell rating, three have given a hold rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $24.29.

Shares of BOX (NYSE:BOX) opened at $21.20 on Thursday. BOX has a 52 week low of $15.73 and a 52 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 cap of $2,773.19, a price-to-earnings ratio of -17.67 and a beta of 1.20.

BOX (NYSE:BOX) last posted its quarterly earnings results on Wednesday, November 29th. The software maker reported ($0.13) earnings per share 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 313.90%. The firm had revenue of $129.30 million during the quarter, compared to the consensus estimate of $128.67 million. During the same period in the previous year, the firm posted ($0.14) earnings per share. The business’s revenue was up 25.8% compared to the same quarter last year. equities research analysts predict that BOX will post -1.17 EPS for the current year.

In related news, CFO Dylan C. Smith sold 13,000 shares of the business’s stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $20.42, for a total transaction of $265,460.00. Following the transaction, the chief financial officer now directly owns 13,000 shares in the company, valued at $265,460. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Rory O’driscoll sold 600,000 shares of the business’s stock in a transaction dated Tuesday, December 5th. The stock was sold at an average price of $20.50, for a total transaction of $12,300,000.00. The disclosure for this sale can be found here. Over the last three months, insiders have sold 2,065,309 shares of company stock valued at $43,227,222. 22.30% of the stock is currently owned by insiders.

A number of institutional investors have recently added to or reduced their stakes in the stock. Whale Rock Capital Management LLC purchased a new position in BOX during the fourth quarter worth about $16,863,000. Millennium Management LLC boosted its holdings in BOX by 16.7% during the fourth quarter. Millennium Management LLC now owns 4,314,184 shares of the software maker’s stock worth $91,116,000 after purchasing an additional 616,044 shares during the last quarter. TIAA CREF Investment Management LLC boosted its holdings in BOX by 0.9% during the fourth quarter. TIAA CREF Investment Management LLC now owns 601,728 shares of the software maker’s stock worth $12,708,000 after purchasing an additional 5,579 shares during the last quarter. Teachers Advisors LLC boosted its holdings in BOX by 1.0% during the fourth quarter. Teachers Advisors LLC now owns 325,145 shares of the software maker’s stock worth $6,867,000 after purchasing an additional 3,147 shares during the last quarter. Finally, Ardsley Advisory Partners boosted its holdings in BOX by 2,541.7% during the fourth quarter. Ardsley Advisory Partners now owns 317,000 shares of the software maker’s stock worth $6,695,000 after purchasing an additional 305,000 shares during the last quarter. Institutional investors and hedge funds own 62.02% of the company’s stock.

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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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