Box, Inc. (NYSE:BOX) Receives $30.89 Average Target Price from Brokerages

Box, Inc. (NYSE:BOX) has earned an average recommendation of “Moderate Buy” from the ten research firms that are presently covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, one has issued a hold rating and eight have given a buy rating to the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $30.89.

A number of research firms have issued reports on BOX. UBS Group lifted their target price on shares of BOX from $33.00 to $34.00 and gave the company a “buy” rating in a research note on Wednesday, March 6th. TheStreet upgraded shares of BOX from a “c” rating to a “b” rating in a research note on Tuesday, March 5th. Citigroup lifted their target price on shares of BOX from $29.00 to $32.00 and gave the company a “buy” rating in a research note on Wednesday, March 6th. JPMorgan Chase & Co. lifted their price target on shares of BOX from $31.00 to $32.00 and gave the company an “overweight” rating in a research report on Wednesday, March 6th. Finally, JMP Securities reissued a “market outperform” rating and issued a $32.00 price target on shares of BOX in a research report on Wednesday, March 20th.

BOX Price Performance

Shares of BOX opened at $26.26 on Friday. BOX has a one year low of $23.29 and a one year high of $31.94. The company has a 50-day moving average of $27.53 and a two-hundred day moving average of $26.17. The stock has a market cap of $3.79 billion, a price-to-earnings ratio of 39.19, a PEG ratio of 9.13 and a beta of 0.84.

BOX (NYSE:BOX) last posted its quarterly earnings results on Tuesday, March 5th. The software maker reported $0.09 EPS for the quarter, topping the consensus estimate of $0.02 by $0.07. The business had revenue of $262.88 million during the quarter, compared to analysts’ expectations of $262.92 million. BOX had a net margin of 12.43% and a negative return on equity of 9.46%. Analysts anticipate that BOX will post 0.15 earnings per share for the current year.

Insider Buying and Selling

In other BOX news, CFO Dylan C. Smith sold 13,000 shares of the company’s stock in a transaction that occurred on Wednesday, April 10th. The stock was sold at an average price of $27.30, for a total transaction of $354,900.00. Following the completion of the transaction, the chief financial officer now owns 1,578,912 shares of the company’s stock, valued at approximately $43,104,297.60. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other news, Director Dana L. Evan sold 11,000 shares of the stock in a transaction that occurred on Thursday, March 28th. The stock was sold at an average price of $28.47, for a total value of $313,170.00. Following the completion of the sale, the director now owns 116,535 shares of the company’s stock, valued at approximately $3,317,751.45. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Dylan C. Smith sold 13,000 shares of the firm’s stock in a transaction on Wednesday, April 10th. The shares were sold at an average price of $27.30, for a total value of $354,900.00. Following the sale, the chief financial officer now directly owns 1,578,912 shares of the company’s stock, valued at approximately $43,104,297.60. The disclosure for this sale can be found here. In the last three months, insiders sold 133,660 shares of company stock valued at $3,792,204. 4.90% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On BOX

Hedge funds have recently added to or reduced their stakes in the business. Fairfield Bush & CO. acquired a new stake in shares of BOX during the first quarter worth $29,000. Quarry LP lifted its holdings in shares of BOX by 318.2% during the first quarter. Quarry LP now owns 1,330 shares of the software maker’s stock worth $36,000 after buying an additional 1,012 shares in the last quarter. DekaBank Deutsche Girozentrale acquired a new stake in shares of BOX during the third quarter worth $38,000. a16z Perennial Management L.P. acquired a new stake in shares of BOX during the fourth quarter worth $48,000. Finally, TFO Wealth Partners LLC lifted its holdings in shares of BOX by 62,000.0% during the fourth quarter. TFO Wealth Partners LLC now owns 1,863 shares of the software maker’s stock worth $48,000 after buying an additional 1,860 shares in the last quarter. Institutional investors and hedge funds 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.