Box Inc. (NYSE:BOX) rose 5.8% during mid-day trading on Thursday . The company traded as high as $11.68 and last traded at $11.63, with a volume of 648,591 shares. The stock had previously closed at $10.99.

BOX has been the subject of a number of research reports. Credit Suisse Group AG reaffirmed a “buy” rating on shares of Box in a report on Thursday, June 2nd. Drexel Hamilton reissued a “buy” rating and issued a $18.00 price objective on shares of Box in a report on Thursday, June 2nd. JMP Securities reissued a “buy” rating on shares of Box in a report on Thursday, June 2nd. Oppenheimer Holdings Inc. reissued a “buy” rating and issued a $18.00 price objective (down previously from $21.00) on shares of Box in a report on Thursday, June 2nd. Finally, Canaccord Genuity dropped their price objective on shares of Box from $18.00 to $16.00 and set a “buy” rating for the company in a report on Thursday, June 2nd. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and ten have given a buy rating to the company. Box presently has a consensus rating of “Buy” and a consensus price target of $16.70.

The firm’s market cap is $1.47 billion. The stock has a 50 day moving average of $10.79 and a 200 day moving average of $11.47.

Box (NYSE:BOX) last posted its quarterly earnings results on Wednesday, June 1st. The company reported ($0.18) EPS for the quarter, beating the consensus estimate of ($0.24) by $0.06. The business earned $90.20 million during the quarter, compared to analysts’ expectations of $88.65 million. The firm’s quarterly revenue was up 37.5% compared to the same quarter last year. During the same quarter last year, the firm earned ($0.28) EPS. Equities analysts expect that Box Inc. will post ($0.76) EPS for the current fiscal year.

A hedge fund recently raised its stake in Box stock. UBS Oconnor LLC raised its stake in shares of Box Inc. (NYSE:BOX) by 45.0% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,350,070 shares of the company’s stock after buying an additional 418,900 shares during the period. UBS Oconnor LLC owned about 1.11% of Box worth $18,847,000 as of its most recent filing with the SEC.

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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