Box Inc. (BOX) Rating Reiterated by Stifel Nicolaus
Box Inc. (NYSE:BOX)‘s stock had its “hold” rating reiterated by stock analysts at Stifel Nicolaus in a note issued to investors on Monday. They presently have a $15.00 target price on the stock. Stifel Nicolaus’ price target would indicate a potential downside of 1.51% from the stock’s previous close.
A number of other brokerages have also commented on BOX. Pacific Crest reissued a “buy” rating and issued a $21.00 price target on shares of Box in a report on Friday, September 30th. Drexel Hamilton reaffirmed a “buy” rating and set a $18.00 target price on shares of Box in a report on Friday, September 16th. Mitsubishi UFJ Financial Group started coverage on shares of Box in a report on Friday, September 16th. They set a “neutral” rating and a $15.00 target price on the stock. Vetr lowered shares of Box from a “strong-buy” rating to a “buy” rating and set a $16.45 target price on the stock. in a report on Wednesday, September 28th. Finally, Credit Suisse Group AG reaffirmed a “neutral” rating on shares of Box in a report on Monday, September 19th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, nine have given a buy rating and two have given a strong buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $17.95.
Shares of Box (NYSE:BOX) opened at 15.23 on Monday. The firm’s 50 day moving average is $14.59 and its 200-day moving average is $12.49. The company’s market cap is $1.93 billion. Box has a 1-year low of $8.82 and a 1-year high of $16.59.
Box (NYSE:BOX) last issued its quarterly earnings results on Wednesday, August 31st. The company reported ($0.14) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.19) by $0.05. The firm had revenue of $95.70 million for the quarter, compared to analyst estimates of $94.65 million. Box had a negative net margin of 52.12% and a negative return on equity of 133.73%. The business’s revenue for the quarter was up 30.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned ($0.28) EPS. Equities analysts expect that Box will post ($0.68) earnings per share for the current year.
In related news, COO Daniel J. Levin sold 5,000 shares of Box stock in a transaction dated Tuesday, September 6th. The shares were sold at an average price of $14.35, for a total transaction of $71,750.00. Following the completion of the transaction, the chief operating officer now directly owns 3,079 shares of the company’s stock, valued at approximately $44,183.65. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, VP Jeff Mannie sold 3,756 shares of Box stock in a transaction dated Monday, September 26th. The shares were sold at an average price of $14.67, for a total transaction of $55,100.52. The disclosure for this sale can be found here. Corporate insiders own 22.30% of the company’s stock.
A number of hedge funds and other institutional investors have recently modified their holdings of BOX. Parametric Portfolio Associates LLC acquired a new position in shares of Box during the second quarter worth about $108,000. Capstone Investment Advisors LLC acquired a new position in shares of Box during the second quarter worth about $129,000. Royal Bank of Canada boosted its position in shares of Box by 83.0% in the first quarter. Royal Bank of Canada now owns 10,986 shares of the company’s stock worth $134,000 after buying an additional 4,983 shares during the period. Quantbot Technologies LP boosted its position in shares of Box by 11.7% in the second quarter. Quantbot Technologies LP now owns 17,786 shares of the company’s stock worth $183,000 after buying an additional 1,860 shares during the period. Finally, Oppenheimer & Co. Inc. acquired a new position in shares of Box during the second quarter worth about $192,000. 26.87% of the stock is owned by institutional investors.
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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