Box Inc (NYSE:BOX) has received a consensus rating of “Buy” from the twenty research firms that are currently covering the company, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and sixteen have issued a buy recommendation on the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $24.21.
A number of research analysts have issued reports on BOX shares. Vetr cut BOX from a “strong-buy” rating to a “buy” rating and set a $24.14 target price for the company. in a research note on Thursday. Drexel Hamilton reissued a “buy” rating and issued a $28.00 target price on shares of BOX in a research note on Monday, November 27th. Canaccord Genuity reissued a “buy” rating and issued a $25.00 target price on shares of BOX in a research note on Thursday, November 30th. Zacks Investment Research cut BOX from a “hold” rating to a “sell” rating in a research note on Tuesday, February 13th. Finally, DA Davidson initiated coverage on BOX in a research note on Thursday. They issued a “buy” rating and a $25.00 target price for the company.
In other news, SVP Peter M. Mcgoff sold 70,000 shares of the company’s stock in a transaction dated Tuesday, December 5th. The stock was sold at an average price of $20.30, for a total transaction of $1,421,000.00. Following the completion of the transaction, the senior vice president now directly owns 348,748 shares of the company’s stock, valued at $7,079,584.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Dana L. Evan sold 7,500 shares of the company’s stock in a transaction dated Wednesday, January 3rd. The stock was sold at an average price of $21.65, for a total value of $162,375.00. Following the transaction, the director now directly owns 21,399 shares of the company’s stock, valued at $463,288.35. 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 owned by insiders.
BOX (NYSE BOX) traded down $0.04 during trading hours on Wednesday, reaching $22.12. The company’s stock had a trading volume of 1,015,400 shares, compared to its average volume of 1,457,633. BOX has a 1 year low of $15.73 and a 1 year high of $24.10. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 2.53. The firm has a market capitalization of $3,011.44, a PE ratio of -18.43 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 (EPS) for the quarter, meeting analysts’ consensus estimates of ($0.13). BOX had a negative return on equity of 313.90% and a negative net margin of 33.20%. The firm had revenue of $129.30 million during the quarter, compared to analysts’ expectations of $128.67 million. During the same period in the previous year, the firm earned ($0.14) earnings per share. The company’s revenue was up 25.8% on a year-over-year basis. equities analysts expect that BOX will post -1.17 earnings per share for the current year.
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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.
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