Box Inc. (NYSE:BOX) traded up 5.8% 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.

A number of equities research analysts have recently weighed in on the stock. Oppenheimer Holdings Inc. restated an “outperform” rating and issued a $21.00 price objective on shares of Box in a report on Monday, April 25th. JPMorgan Chase & Co. lowered shares of Box from an “overweight” rating to a “neutral” rating and lowered their price objective for the stock from $18.00 to $14.00 in a report on Thursday, June 2nd. Canaccord Genuity lowered 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. Stifel Nicolaus restated a “hold” rating on shares of Box in a report on Tuesday, April 12th. Finally, Zacks Investment Research lowered shares of Box from a “strong-buy” rating to a “hold” rating in a report on Tuesday, May 10th. One research analyst has rated the stock with a sell rating, four have given a hold rating and eight have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $16.70.

The firm has a 50 day moving average price of $10.82 and a 200-day moving average price of $11.47. The firm’s market cap is $1.46 billion.

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

A hedge fund recently raised its stake in Box stock. UBS Oconnor LLC boosted its stake in Box Inc. (NYSE:BOX) by 45.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (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 SEC filing.

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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