Shares of Dropbox, Inc. (NASDAQ:DBX – Get Free Report) have been assigned an average recommendation of “Hold” from the seven analysts that are covering the company, MarketBeat reports. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $28.67.
A number of brokerages have commented on DBX. UBS Group lowered their target price on Dropbox from $30.00 to $28.00 and set a “buy” rating on the stock in a research note on Friday, August 9th. Citigroup decreased their price target on Dropbox from $26.00 to $25.00 and set a “neutral” rating for the company in a research note on Wednesday, June 26th.
Check Out Our Latest Analysis on Dropbox
Insider Buying and Selling at Dropbox
Institutional Inflows and Outflows
Hedge funds have recently bought and sold shares of the company. Cooper Financial Group boosted its position in shares of Dropbox by 3.1% in the 1st quarter. Cooper Financial Group now owns 15,581 shares of the company’s stock worth $379,000 after purchasing an additional 462 shares during the last quarter. iA Global Asset Management Inc. boosted its position in shares of Dropbox by 6.5% in the 2nd quarter. iA Global Asset Management Inc. now owns 9,725 shares of the company’s stock worth $219,000 after purchasing an additional 597 shares during the last quarter. Tobam boosted its position in shares of Dropbox by 4.1% in the 2nd quarter. Tobam now owns 19,642 shares of the company’s stock worth $441,000 after purchasing an additional 767 shares during the last quarter. Retirement Systems of Alabama boosted its position in shares of Dropbox by 0.3% in the 1st quarter. Retirement Systems of Alabama now owns 321,699 shares of the company’s stock worth $7,817,000 after purchasing an additional 845 shares during the last quarter. Finally, Quarry LP boosted its position in shares of Dropbox by 81.1% in the 2nd quarter. Quarry LP now owns 1,965 shares of the company’s stock worth $44,000 after purchasing an additional 880 shares during the last quarter. 94.84% of the stock is currently owned by institutional investors.
Dropbox Stock Down 0.6 %
Shares of Dropbox stock opened at $25.37 on Friday. The stock’s fifty day moving average is $23.93 and its 200-day moving average is $23.30. The firm has a market capitalization of $8.38 billion, a PE ratio of 16.80, a price-to-earnings-growth ratio of 1.55 and a beta of 0.61. Dropbox has a 12-month low of $20.68 and a 12-month high of $33.43.
Dropbox (NASDAQ:DBX – Get Free Report) last posted its quarterly earnings results on Thursday, August 8th. The company reported $0.60 earnings per share for the quarter, beating the consensus estimate of $0.52 by $0.08. The firm had revenue of $634.50 million for the quarter, compared to analyst estimates of $630.10 million. Dropbox had a negative return on equity of 161.78% and a net margin of 23.06%. Dropbox’s quarterly revenue was up 1.9% on a year-over-year basis. During the same period in the previous year, the firm earned $0.28 earnings per share. Analysts expect that Dropbox will post 1.31 EPS for the current year.
About Dropbox
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.
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