Box Inc. (NYSE:BOX) was downgraded by equities research analysts at Vetr from a “strong-buy” rating to a “buy” rating in a research report issued on Monday. They presently have a $16.45 price objective on the stock. Vetr‘s target price would indicate a potential upside of 11.53% from the stock’s current price.

BOX has been the topic of several other reports. Credit Suisse Group AG reissued a “buy” rating on shares of Box in a report on Thursday, June 2nd. Oppenheimer Holdings Inc. reissued an “outperform” rating and issued a $18.00 target price on shares of Box in a report on Monday, September 5th. Morgan Stanley reissued a “hold” rating and issued a $12.00 target price on shares of Box in a report on Thursday, June 2nd. Zacks Investment Research raised Box from a “sell” rating to a “hold” rating in a report on Thursday, September 1st. Finally, KeyCorp restated an “overweight” rating and issued a $21.00 price objective on shares of Box in a research report on Saturday, September 10th. One research analyst has rated the stock with a sell rating, four have given a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $17.39.

Shares of Box (NYSE:BOX) opened at 14.75 on Monday. The stock’s 50 day moving average price is $12.86 and its 200 day moving average price is $12.07. Box has a 1-year low of $8.82 and a 1-year high of $14.93. The company’s market capitalization is $1.87 billion.

Box (NYSE:BOX) last announced its earnings results on Wednesday, August 31st. The company reported ($0.14) EPS for the quarter, topping the consensus estimate of ($0.19) by $0.05. The business had revenue of $95.70 million for the quarter, compared to the consensus estimate of $94.65 million. Box had a negative return on equity of 133.73% and a negative net margin of 52.12%. Box’s revenue was up 30.2% compared to the same quarter last year. During the same period in the previous year, the business earned ($0.28) EPS. Analysts expect that Box will post ($0.68) EPS for the current year.

In related news, COO Daniel J. Levin sold 5,000 shares of the company’s stock in a transaction on Tuesday, September 13th. The shares were sold at an average price of $14.44, for a total value of $72,200.00. Following the completion of the sale, the chief operating officer now owns 3,079 shares in the company, valued at approximately $44,460.76. The transaction was disclosed in a filing with the SEC, which is available through this link. 22.30% of the stock is currently owned by corporate insiders.

Hedge funds have recently added to or reduced their stakes in the stock. BlackRock Group LTD boosted its stake in Box by 78.3% in the first quarter. BlackRock Group LTD now owns 9,725 shares of the company’s stock worth $119,000 after buying an additional 4,270 shares in the last quarter. Marcus Capital LLC boosted its stake in Box by 0.3% in the first quarter. Marcus Capital LLC now owns 117,500 shares of the company’s stock worth $1,441,000 after buying an additional 300 shares in the last quarter. potrero capital research llc purchased a new stake in Box during the first quarter worth approximately $2,868,000. State Street Corp boosted its stake in Box by 10.7% in the first quarter. State Street Corp now owns 231,330 shares of the company’s stock worth $2,836,000 after buying an additional 22,315 shares in the last quarter. Finally, UBS Group AG boosted its stake in Box by 47.4% in the first quarter. UBS Group AG now owns 119,870 shares of the company’s stock worth $1,470,000 after buying an additional 38,558 shares in the last quarter. Institutional investors and hedge funds own 27.08% of the company’s stock.

About Box

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.

5 Day Chart for NYSE:BOX

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