Box Inc. (BOX) Shares Up 1.7%
Box Inc. (NYSE:BOX)’s share price shot up 1.7% during mid-day trading on Wednesday . The company traded as high as $13.58 and last traded at $13.55, with a volume of 1,047,637 shares trading hands. The stock had previously closed at $13.32.
A number of research firms have issued reports on BOX. Bank of America Corp. reiterated a “buy” rating and set a $18.00 price target on shares of Box in a research note on Monday, August 22nd. Vetr downgraded Box from a “strong-buy” rating to a “buy” rating and set a $14.11 price target for the company. in a research note on Monday, August 22nd. Zacks Investment Research downgraded Box from a “hold” rating to a “strong sell” rating in a research note on Tuesday, August 16th. Oppenheimer Holdings Inc. reiterated an “outperform” rating and set a $18.00 price target on shares of Box in a research note on Monday, August 15th. Finally, Veritas Investment Research reiterated a “strong-buy” rating on shares of Box in a research note on Friday, August 5th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Box has a consensus rating of “Buy” and a consensus price target of $16.92.
The company’s market cap is $1.69 billion. The company has a 50 day moving average price of $11.93 and a 200-day moving average price of $11.87.
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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