Box Inc. (NYSE:BOX) traded up 2% during mid-day trading on Friday . The company traded as high as $10.75 and last traded at $10.73, with a volume of 467,701 shares. The stock had previously closed at $10.52.

A number of equities research analysts have issued reports on the stock. Oppenheimer Holdings Inc. reiterated an “outperform” rating and set a $21.00 price objective on shares of Box in a research note on Monday, April 25th. Canaccord Genuity reduced their price objective on shares of Box from $18.00 to $16.00 and set a “buy” rating on the stock in a research note on Thursday, June 2nd. JPMorgan Chase & Co. downgraded shares of Box from an “overweight” rating to a “neutral” rating and reduced their price objective for the stock from $18.00 to $14.00 in a research note on Thursday, June 2nd. JMP Securities restated a “buy” rating on shares of Box in a research note on Thursday, March 31st. Finally, Drexel Hamilton began coverage on shares of Box in a research note on Thursday, March 31st. They issued a “buy” rating and a $18.00 price target on the stock. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and ten have issued a buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $16.70.

The stock has a 50-day moving average of $11.13 and a 200-day moving average of $11.64. The stock’s market capitalization is $1.34 billion.

Box (NYSE:BOX) last announced its quarterly earnings results on Wednesday, June 1st. The company reported ($0.18) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.24) by $0.06. The company had revenue of $90.20 million for the quarter, compared to the consensus estimate of $88.65 million. The company’s quarterly revenue was up 37.5% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.28) earnings per share. Equities research analysts forecast that Box Inc. will post ($0.76) earnings per share for the current year.

An institutional investor recently raised its position in Box stock. UBS Oconnor LLC increased its stake in shares of Box Inc. (NYSE:BOX) by 45.0% during the fourth quarter, according to its most recent filing with the SEC. The fund owned 1,350,070 shares of the company’s stock after buying an additional 418,900 shares during the period. UBS Oconnor LLC owned approximately 1.11% of Box worth $18,847,000 as of its most recent SEC filing.

Box, Inc provides a cloud-based, mobile-optimized Enterprise Content Collaboration platform. The Company’s platform enables organizations to manage their content. Its platform enables users to collaborate on content both internally and externally, build workflows and deploy compliance and security features.

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