Boxlight (NASDAQ:BOXL) PT Lowered to $3.00 at HC Wainwright

Boxlight (NASDAQ:BOXLGet Rating) had its target price decreased by research analysts at HC Wainwright from $4.00 to $3.00 in a research report issued to clients and investors on Tuesday, The Fly reports. HC Wainwright’s target price points to a potential upside of 194.12% from the company’s current price.

BOXL has been the topic of several other reports. Maxim Group lowered their price objective on Boxlight from $7.00 to $4.00 in a research note on Thursday, January 20th. Zacks Investment Research lowered Boxlight from a “hold” rating to a “sell” rating in a research report on Tuesday, March 22nd.

BOXL stock opened at $1.02 on Tuesday. Boxlight has a 1-year low of $0.80 and a 1-year high of $2.97. The firm has a market cap of $66.99 million, a P/E ratio of -4.86 and a beta of 3.31. The business’s 50 day moving average is $1.11 and its 200-day moving average is $1.30. The company has a current ratio of 1.98, a quick ratio of 1.04 and a debt-to-equity ratio of 0.79.

Boxlight (NASDAQ:BOXLGet Rating) last released its quarterly earnings data on Thursday, March 17th. The company reported ($0.11) earnings per share for the quarter, missing the consensus estimate of ($0.09) by ($0.02). Boxlight had a negative net margin of 6.84% and a negative return on equity of 26.07%. The company had revenue of $44.00 million during the quarter, compared to the consensus estimate of $39.49 million. During the same quarter in the prior year, the company posted $0.01 earnings per share. Sell-side analysts forecast that Boxlight will post 0.01 EPS for the current year.

A number of large investors have recently bought and sold shares of BOXL. Millennium Management LLC acquired a new position in Boxlight during the 3rd quarter worth $2,151,000. Renaissance Technologies LLC lifted its holdings in Boxlight by 58.3% during the 4th quarter. Renaissance Technologies LLC now owns 1,552,300 shares of the company’s stock worth $2,142,000 after buying an additional 571,600 shares in the last quarter. Long Focus Capital Management LLC acquired a new position in shares of Boxlight in the 4th quarter valued at $414,000. Virtu Financial LLC acquired a new position in shares of Boxlight in the 4th quarter valued at $108,000. Finally, GSA Capital Partners LLP lifted its stake in shares of Boxlight by 376.6% in the 4th quarter. GSA Capital Partners LLP now owns 91,900 shares of the company’s stock valued at $127,000 after purchasing an additional 72,616 shares during the period. 14.78% of the stock is currently owned by hedge funds and other institutional investors.

Boxlight Company Profile (Get Rating)

Boxlight Corporation, an education technology company, develops, sells, and services interactive classroom solutions for the education market worldwide. The company provides a range of interactive classroom technology products primarily targeted at the K-12 education market. Its products include interactive projectors, interactive flat panel displays, interactive touch projectors, noninteractive projectors, touchboards, and MimioTeach that could turn any whiteboard interactive; and accessory document cameras, teacher pads for remote control, and assessment systems.

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