Box Inc (NYSE:BOX) Receives Average Rating of “Buy” from Brokerages

Shares of Box Inc (NYSE:BOX) have earned a consensus rating of “Buy” from the seventeen ratings firms that are presently covering the firm, Marketbeat.com reports. Six investment analysts have rated the stock with a hold recommendation and eleven have given a buy recommendation to the company. The average 1-year price target among brokers that have covered the stock in the last year is $21.82.

A number of brokerages recently issued reports on BOX. Zacks Investment Research raised BOX from a “hold” rating to a “buy” rating and set a $18.00 price objective for the company in a research report on Thursday, June 6th. Morgan Stanley set a $17.00 price objective on BOX and gave the stock a “hold” rating in a research report on Tuesday, June 4th. DA Davidson cut their price objective on BOX to $19.00 and set a “buy” rating for the company in a research report on Tuesday, June 4th. Craig Hallum reissued a “buy” rating and set a $22.00 price objective (down from $27.00) on shares of BOX in a research report on Tuesday, June 4th. Finally, Raymond James cut their price objective on BOX from $24.00 to $21.00 and set an “outperform” rating for the company in a research report on Tuesday, June 4th.

Shares of NYSE BOX traded up $0.06 during trading on Friday, hitting $17.61. 3,808,815 shares of the company were exchanged, compared to its average volume of 3,728,838. BOX has a 12-month low of $15.30 and a 12-month high of $27.56. The company has a debt-to-equity ratio of 10.68, a current ratio of 0.83 and a quick ratio of 0.83. The company’s fifty day moving average is $18.60. The stock has a market cap of $2.58 billion, a price-to-earnings ratio of -18.34 and a beta of 1.50.

BOX (NYSE:BOX) last posted its quarterly earnings results on Monday, June 3rd. The software maker reported ($0.03) EPS for the quarter, topping the consensus estimate of ($0.05) by $0.02. The business had revenue of $163.00 million for the quarter, compared to analyst estimates of $161.46 million. BOX had a negative return on equity of 446.05% and a negative net margin of 21.37%. The company’s quarterly revenue was up 16.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.07) EPS. On average, analysts anticipate that BOX will post -0.96 EPS for the current year.

In other BOX news, CFO Dylan C. Smith sold 15,000 shares of BOX stock in a transaction dated Friday, May 10th. The stock was sold at an average price of $20.10, for a total value of $301,500.00. Following the completion of the transaction, the chief financial officer now directly owns 1,099,280 shares of the company’s stock, valued at approximately $22,095,528. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Josh Stein sold 20,000 shares of BOX stock in a transaction dated Monday, June 17th. The shares were sold at an average price of $18.19, for a total value of $363,800.00. Following the completion of the transaction, the director now directly owns 3,699 shares of the company’s stock, valued at $67,284.81. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 75,000 shares of company stock valued at $1,425,950. 6.70% of the stock is currently owned by corporate insiders.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Rhumbline Advisers boosted its stake in BOX by 48.9% in the fourth quarter. Rhumbline Advisers now owns 168,770 shares of the software maker’s stock valued at $2,849,000 after acquiring an additional 55,452 shares during the last quarter. Cambridge Investment Research Advisors Inc. boosted its stake in BOX by 22.8% in the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 17,905 shares of the software maker’s stock valued at $302,000 after acquiring an additional 3,323 shares during the last quarter. BlackRock Inc. boosted its stake in BOX by 6.4% in the fourth quarter. BlackRock Inc. now owns 9,820,418 shares of the software maker’s stock valued at $165,770,000 after acquiring an additional 587,397 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its stake in BOX by 24.0% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 1,076,144 shares of the software maker’s stock valued at $18,165,000 after acquiring an additional 208,025 shares during the last quarter. Finally, Royce & Associates LP boosted its stake in BOX by 261.1% in the fourth quarter. Royce & Associates LP now owns 180,531 shares of the software maker’s stock valued at $3,047,000 after acquiring an additional 130,531 shares during the last quarter. 65.95% of the stock is owned by institutional investors.

About BOX

Box, Inc provides a cloud content management platform that enables organizations of various sizes to manage and share their content from anywhere or any device. The company's Software-as-a-Service platform enables users to collaborate on content internally and with external parties, automate content-driven business processes, develop custom applications, and implement data protection, security, and compliance features.

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Analyst Recommendations for BOX (NYSE:BOX)

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