Dropbox, Inc. (NASDAQ:DBX) Given Average Rating of “Hold” by Brokerages

Shares of Dropbox, Inc. (NASDAQ:DBX) have received an average rating of “Hold” from the five research firms that are presently covering the firm, MarketBeat reports. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company. The average 12-month price target among brokerages that have covered the stock in the last year is $31.75.

DBX has been the topic of several research reports. Weiss Ratings restated a “hold (c+)” rating on shares of Dropbox in a research report on Wednesday, October 8th. Royal Bank Of Canada boosted their target price on shares of Dropbox from $35.00 to $38.00 and gave the stock an “outperform” rating in a report on Friday. UBS Group cut shares of Dropbox from a “neutral” rating to a “sell” rating and decreased their target price for the company from $29.00 to $27.00 in a research report on Thursday, September 18th. Finally, Wall Street Zen lowered Dropbox from a “buy” rating to a “hold” rating in a research report on Sunday, October 26th.

Dropbox Trading Up 7.7%

Shares of NASDAQ:DBX traded up $2.21 during mid-day trading on Friday, reaching $30.88. The stock had a trading volume of 6,584,999 shares, compared to its average volume of 3,636,157. The company has a market cap of $8.33 billion, a P/E ratio of 18.83, a price-to-earnings-growth ratio of 3.84 and a beta of 0.65. Dropbox has a 1 year low of $24.42 and a 1 year high of $33.33. The business’s 50 day moving average price is $29.77 and its 200 day moving average price is $28.73.

Dropbox (NASDAQ:DBX) last released its quarterly earnings results on Thursday, November 6th. The company reported $0.74 earnings per share for the quarter, beating the consensus estimate of $0.64 by $0.10. The business had revenue of $634.40 million during the quarter, compared to analysts’ expectations of $623.59 million. Dropbox had a negative return on equity of 61.31% and a net margin of 19.17%.The firm’s revenue for the quarter was down .7% compared to the same quarter last year. During the same quarter last year, the business posted $0.60 EPS. Dropbox has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. Analysts predict that Dropbox will post 1.64 earnings per share for the current fiscal year.

Insider Transactions at Dropbox

In other news, CFO Timothy Regan sold 5,000 shares of the business’s stock in a transaction that occurred on Wednesday, October 1st. The stock was sold at an average price of $29.76, for a total transaction of $148,800.00. Following the transaction, the chief financial officer owned 471,621 shares of the company’s stock, valued at approximately $14,035,440.96. The trade was a 1.05% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Ashraf Alkarmi sold 10,098 shares of the business’s stock in a transaction on Monday, August 18th. The shares were sold at an average price of $27.30, for a total transaction of $275,675.40. Following the transaction, the insider owned 469,333 shares in the company, valued at $12,812,790.90. This trade represents a 2.11% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 318,698 shares of company stock worth $9,251,159. 29.95% of the stock is currently owned by corporate insiders.

Institutional Trading of Dropbox

Several institutional investors have recently added to or reduced their stakes in DBX. Envestnet Asset Management Inc. grew its stake in shares of Dropbox by 177.2% during the first quarter. Envestnet Asset Management Inc. now owns 109,549 shares of the company’s stock valued at $2,926,000 after buying an additional 70,023 shares during the last quarter. Rehmann Capital Advisory Group purchased a new stake in Dropbox in the first quarter worth $675,000. Banque Pictet & Cie SA bought a new stake in shares of Dropbox during the first quarter worth $346,000. Nisa Investment Advisors LLC boosted its stake in shares of Dropbox by 3,492.7% during the first quarter. Nisa Investment Advisors LLC now owns 193,611 shares of the company’s stock valued at $5,171,000 after purchasing an additional 188,222 shares during the period. Finally, SBI Securities Co. Ltd. grew its holdings in shares of Dropbox by 33.4% in the first quarter. SBI Securities Co. Ltd. now owns 1,794 shares of the company’s stock worth $48,000 after purchasing an additional 449 shares during the last quarter. Institutional investors own 94.84% of the company’s stock.

Dropbox Company Profile

Dropbox, Inc provides a content collaboration platform worldwide. The company's platform allows individuals, families, teams, and organizations to collaborate and sign up for free through its website or app, as well as upgrade to a paid subscription plan for premium features. It serves customers in professional services, technology, media, education, industrial, consumer and retail, and financial services industries.