Box Inc. (BOX) Earns Neutral Rating from Analysts at Mitsubishi UFJ Financial Group
A number of other research firms also recently issued reports on BOX. Zacks Investment Research upgraded shares of Box from a hold rating to a buy rating and set a $16.00 target price on the stock in a research report on Tuesday, September 13th. Canaccord Genuity restated a buy rating and set a $17.00 target price on shares of Box in a research report on Tuesday, September 13th. Stifel Nicolaus restated a hold rating and set a $15.00 target price on shares of Box in a research report on Friday, September 9th. Oppenheimer Holdings Inc. restated an outperform rating and set a $18.00 target price on shares of Box in a research report on Monday, September 5th. Finally, Vetr upgraded shares of Box from a hold rating to a strong-buy rating and set a $16.50 target price on the stock in a research report on Monday, September 5th. One research analyst has rated the stock with a sell rating, five have given a hold rating, nine have given a buy rating and one has given a strong buy rating to the company. The company currently has an average rating of Buy and a consensus target price of $17.39.
Box (NYSE:BOX) opened at 14.76 on Friday. The company’s 50-day moving average is $13.40 and its 200-day moving average is $12.18. Box has a 12 month low of $8.82 and a 12 month high of $14.93. The stock’s market capitalization is $1.87 billion.
Box (NYSE:BOX) last issued its quarterly earnings data on Wednesday, August 31st. The company reported ($0.14) EPS for the quarter, topping analysts’ consensus estimates of ($0.19) by $0.05. Box had a negative net margin of 52.12% and a negative return on equity of 133.73%. The firm had revenue of $95.70 million for the quarter, compared to analyst estimates of $94.65 million. During the same quarter in the prior year, the firm earned ($0.28) EPS. The company’s revenue was up 30.2% on a year-over-year basis. Equities analysts anticipate that Box will post ($0.68) earnings per share for the current year.
In other news, COO Daniel J. Levin sold 5,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 6th. The shares were sold at an average price of $14.35, for a total transaction of $71,750.00. Following the completion of the transaction, the chief operating officer now directly owns 3,079 shares of the company’s stock, valued at approximately $44,183.65. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 22.30% of the company’s stock.
Several institutional investors have recently modified their holdings of BOX. BlackRock Group LTD boosted its position in shares of Box by 78.3% in the first quarter. BlackRock Group LTD now owns 9,725 shares of the company’s stock valued at $119,000 after buying an additional 4,270 shares in the last quarter. Squarepoint Ops LLC acquired a new position in shares of Box during the first quarter valued at $126,000. Parametric Portfolio Associates LLC acquired a new position in shares of Box during the second quarter valued at $108,000. Royal Bank of Canada boosted its position in shares of Box by 83.0% in the first quarter. Royal Bank of Canada now owns 10,986 shares of the company’s stock valued at $134,000 after buying an additional 4,983 shares in the last quarter. Finally, Capstone Investment Advisors LLC acquired a new position in shares of Box during the second quarter valued at $129,000. 27.08% of the stock is owned by institutional investors.
Box Company Profile
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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