Box, Inc. (NYSE:BOX) Receives Consensus Rating of “Moderate Buy” from Brokerages

Shares of Box, Inc. (NYSE:BOX) have been assigned an average recommendation of “Moderate Buy” from the ten analysts that are currently covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and eight have issued a buy rating on the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $30.89.

Several analysts have recently commented on BOX shares. JMP Securities reaffirmed a “market outperform” rating and set a $32.00 price target on shares of BOX in a research report on Wednesday, March 20th. JPMorgan Chase & Co. lifted their target price on BOX from $31.00 to $32.00 and gave the company an “overweight” rating in a research report on Wednesday, March 6th. StockNews.com upgraded BOX from a “buy” rating to a “strong-buy” rating in a report on Thursday. TheStreet upgraded shares of BOX from a “c” rating to a “b” rating in a report on Tuesday, March 5th. Finally, UBS Group upped their target price on shares of BOX from $33.00 to $34.00 and gave the company a “buy” rating in a research report on Wednesday, March 6th.

BOX Stock Down 1.3 %

Shares of NYSE:BOX opened at $26.94 on Friday. BOX has a 52-week low of $23.29 and a 52-week high of $31.94. The business has a fifty day moving average of $27.53 and a two-hundred day moving average of $26.13. The stock has a market cap of $3.89 billion, a P/E ratio of 40.21, a PEG ratio of 9.28 and a beta of 0.84.

BOX (NYSE:BOX) last announced its quarterly earnings data on Tuesday, March 5th. The software maker reported $0.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.02 by $0.07. BOX had a net margin of 12.43% and a negative return on equity of 9.46%. The firm had revenue of $262.88 million during the quarter, compared to analyst estimates of $262.92 million. On average, equities analysts anticipate that BOX will post 0.15 earnings per share for the current year.

Insider Activity

In related news, Director Daniel J. Levin sold 73,660 shares of the company’s stock in a transaction that occurred on Thursday, March 21st. The shares were sold at an average price of $28.40, for a total transaction of $2,091,944.00. Following the sale, the director now directly owns 43,940 shares of the company’s stock, valued at approximately $1,247,896. The sale was disclosed in a legal filing with the SEC, which is available through this link. In related news, Director Daniel J. Levin sold 73,660 shares of the business’s stock in a transaction on Thursday, March 21st. The stock was sold at an average price of $28.40, for a total transaction of $2,091,944.00. Following the completion of the transaction, the director now directly owns 43,940 shares of the company’s stock, valued at approximately $1,247,896. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Dylan C. Smith sold 13,000 shares of the company’s stock in a transaction dated Friday, February 9th. The stock was sold at an average price of $27.47, for a total value of $357,110.00. Following the sale, the chief financial officer now owns 1,408,702 shares in the company, valued at approximately $38,697,043.94. The disclosure for this sale can be found here. Over the last quarter, insiders sold 133,660 shares of company stock valued at $3,792,204. 4.90% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Comerica Bank purchased a new stake in shares of BOX during the 2nd quarter worth $23,020,000. Rhumbline Advisers boosted its position in shares of BOX by 0.7% during the 3rd quarter. Rhumbline Advisers now owns 205,861 shares of the software maker’s stock worth $4,984,000 after acquiring an additional 1,347 shares in the last quarter. Burney Co. increased its holdings in shares of BOX by 19.0% in the 3rd quarter. Burney Co. now owns 296,958 shares of the software maker’s stock valued at $7,189,000 after acquiring an additional 47,421 shares during the last quarter. Earnest Partners LLC increased its holdings in shares of BOX by 1.2% in the 3rd quarter. Earnest Partners LLC now owns 6,132,385 shares of the software maker’s stock valued at $148,465,000 after acquiring an additional 70,129 shares during the last quarter. Finally, Hsbc Holdings PLC raised its position in shares of BOX by 406.6% during the 3rd quarter. Hsbc Holdings PLC now owns 154,320 shares of the software maker’s stock worth $3,744,000 after acquiring an additional 123,858 shares in the last quarter. Institutional investors and hedge funds own 86.74% of the company’s stock.

About BOX

Box, Inc provides a cloud content management platform that enables organizations of various sizes to manage and share their content from anywhere on any device. The company's Software-as-a-Service platform enables users to work with their content as they need from secure external collaboration and sharing, workspaces and portals, e-signature processes, and content workflows improving employee productivity and accelerating business processes.