Brokerages Set Box, Inc. (NYSE:BOX) Target Price at $30.33

Box, Inc. (NYSE:BOX) has received a consensus recommendation of “Moderate Buy” from the ten research firms that are covering the company, Marketbeat reports. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have assigned a buy rating to the company. The average 1-year target price among brokers that have covered the stock in the last year is $30.33.

Several equities analysts recently weighed in on the stock. UBS Group dropped their price target on shares of BOX from $34.00 to $31.00 and set a “buy” rating on the stock in a research report on Wednesday, May 29th. Royal Bank of Canada reaffirmed an “underperform” rating and issued a $21.00 price target on shares of BOX in a research report on Wednesday, May 29th. Oppenheimer reaffirmed an “outperform” rating and issued a $35.00 price target on shares of BOX in a research report on Wednesday, May 29th. StockNews.com raised shares of BOX from a “buy” rating to a “strong-buy” rating in a research report on Thursday. Finally, Morgan Stanley decreased their price target on shares of BOX from $32.00 to $30.00 and set an “equal weight” rating for the company in a research note on Wednesday, May 29th.

BOX Stock Up 0.4 %

NYSE BOX opened at $28.12 on Friday. The company has a market capitalization of $4.06 billion, a price-to-earnings ratio of 38.52 and a beta of 0.86. BOX has a twelve month low of $23.29 and a twelve month high of $30.94. The stock has a fifty day simple moving average of $26.60 and a 200 day simple moving average of $26.92.

BOX (NYSE:BOX) last issued its quarterly earnings results on Tuesday, May 28th. The software maker reported $0.05 earnings per share for the quarter, topping analysts’ consensus estimates of $0.02 by $0.03. BOX had a negative return on equity of 11.71% and a net margin of 13.13%. The firm had revenue of $264.66 million during the quarter, compared to the consensus estimate of $261.65 million. Research analysts expect that BOX will post 0.19 earnings per share for the current fiscal year.

Insider Transactions at BOX

In other BOX news, CFO Dylan C. Smith sold 13,000 shares of the firm’s stock in a transaction dated Friday, August 9th. The shares were sold at an average price of $27.05, for a total value of $351,650.00. Following the completion of the sale, the chief financial officer now directly owns 1,513,661 shares in the company, valued at $40,944,530.05. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other BOX news, CEO Aaron Levie sold 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, July 2nd. The shares were sold at an average price of $26.26, for a total transaction of $262,600.00. Following the completion of the transaction, the chief executive officer now owns 3,019,155 shares of the company’s stock, valued at $79,283,010.30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Dylan C. Smith sold 13,000 shares of the firm’s stock in a transaction that occurred on Friday, August 9th. The shares were sold at an average price of $27.05, for a total transaction of $351,650.00. Following the transaction, the chief financial officer now directly owns 1,513,661 shares of the company’s stock, valued at approximately $40,944,530.05. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 59,560 shares of company stock worth $1,556,440. Company insiders own 4.10% of the company’s stock.

Institutional Investors Weigh In On BOX

Several institutional investors and hedge funds have recently made changes to their positions in BOX. Capstone Investment Advisors LLC purchased a new position in shares of BOX during the 4th quarter worth $1,176,000. Dimensional Fund Advisors LP boosted its stake in shares of BOX by 2.2% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,207,010 shares of the software maker’s stock worth $56,523,000 after acquiring an additional 47,220 shares during the last quarter. State of Alaska Department of Revenue purchased a new position in shares of BOX during the 1st quarter worth $2,477,000. Russell Investments Group Ltd. boosted its stake in shares of BOX by 10.3% during the 4th quarter. Russell Investments Group Ltd. now owns 492,333 shares of the software maker’s stock worth $12,619,000 after acquiring an additional 45,971 shares during the last quarter. Finally, Maryland State Retirement & Pension System purchased a new position in shares of BOX during the 1st quarter worth $1,361,000. Institutional investors own 86.74% of the company’s stock.

BOX Company Profile

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.