Box, Inc. (NYSE:BOX) Receives $31.22 Average Target Price from Brokerages

Shares of Box, Inc. (NYSE:BOX) have earned a consensus recommendation of “Moderate Buy” from the eleven brokerages that are currently covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and eight have given a buy recommendation to the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $31.22.

A number of equities analysts have recently commented on BOX shares. Morgan Stanley boosted their price target on BOX from $30.00 to $33.00 and gave the stock an “equal weight” rating in a report on Thursday, September 5th. UBS Group upped their target price on BOX from $31.00 to $34.00 and gave the stock a “buy” rating in a report on Wednesday, August 28th. StockNews.com raised BOX from a “buy” rating to a “strong-buy” rating in a report on Thursday, August 15th. Citigroup upped their target price on BOX from $32.00 to $34.00 and gave the stock a “buy” rating in a report on Wednesday, August 28th. Finally, Monness Crespi & Hardt raised BOX to a “hold” rating in a report on Friday, August 16th.

BOX Stock Performance

BOX stock opened at $35.51 on Friday. BOX has a 52 week low of $23.29 and a 52 week high of $35.74. The stock has a market capitalization of $5.09 billion, a P/E ratio of 44.95 and a beta of 0.85. The stock has a fifty day moving average of $32.82 and a 200-day moving average of $29.49.

BOX (NYSE:BOX) last posted its quarterly earnings results on Tuesday, August 27th. The software maker reported $0.44 EPS for the quarter, topping analysts’ consensus estimates of $0.40 by $0.04. BOX had a negative return on equity of 14.41% and a net margin of 13.94%. The company had revenue of $270.04 million during the quarter, compared to analysts’ expectations of $269.52 million. During the same quarter in the previous year, the firm earned $0.01 EPS. BOX’s revenue was up 3.3% on a year-over-year basis. On average, research analysts forecast that BOX will post 0.23 earnings per share for the current year.

Insider Activity

In related news, CEO Aaron Levie sold 10,000 shares of the company’s stock in a transaction dated Tuesday, September 10th. The stock was sold at an average price of $32.92, for a total transaction of $329,200.00. Following the sale, the chief executive officer now owns 3,009,155 shares in the company, valued at $99,061,382.60. This represents a 0.33 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Jack R. Lazar sold 2,500 shares of the company’s stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $34.75, for a total value of $86,875.00. Following the sale, the director now owns 26,697 shares in the company, valued at approximately $927,720.75. The trade was a 8.56 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 58,500 shares of company stock valued at $1,939,895. 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. Vanguard Group Inc. boosted its position in shares of BOX by 14.9% during the 1st quarter. Vanguard Group Inc. now owns 17,313,882 shares of the software maker’s stock valued at $490,329,000 after purchasing an additional 2,249,082 shares in the last quarter. Congress Asset Management Co. bought a new position in BOX in the third quarter worth approximately $46,236,000. Earnest Partners LLC boosted its holdings in BOX by 8.5% in the second quarter. Earnest Partners LLC now owns 7,960,924 shares of the software maker’s stock worth $210,487,000 after acquiring an additional 620,450 shares in the last quarter. Jacobs Levy Equity Management Inc. boosted its holdings in BOX by 19.4% in the first quarter. Jacobs Levy Equity Management Inc. now owns 2,374,580 shares of the software maker’s stock worth $67,248,000 after acquiring an additional 386,149 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its holdings in BOX by 9.8% in the second quarter. Dimensional Fund Advisors LP now owns 2,564,668 shares of the software maker’s stock worth $67,809,000 after acquiring an additional 229,314 shares in the last quarter. 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.