Boxed (NYSE:BOXD) Price Target Lowered to $12.00 at Citigroup

Boxed (NYSE:BOXDGet Rating) had its target price lowered by investment analysts at Citigroup from $13.00 to $12.00 in a research report issued to clients and investors on Monday, The Fly reports. Citigroup’s target price indicates a potential upside of 29.17% from the company’s current price.

Boxed stock opened at $9.29 on Monday. The firm has a 50 day simple moving average of $10.25. Boxed has a 1-year low of $7.48 and a 1-year high of $17.05.

Boxed (NYSE:BOXDGet Rating) last released its quarterly earnings data on Tuesday, March 15th. The company reported ($1.64) earnings per share (EPS) for the quarter. The company had revenue of $45.05 million during the quarter.

Institutional investors and hedge funds have recently modified their holdings of the stock. Hamilton Lane Advisors LLC purchased a new stake in shares of Boxed in the 4th quarter valued at about $112,150,000. Qube Research & Technologies Ltd purchased a new stake in shares of Boxed in the 4th quarter valued at about $327,000. JPMorgan Chase & Co. purchased a new stake in shares of Boxed in the 4th quarter valued at about $100,000. Private Advisor Group LLC purchased a new stake in shares of Boxed in the 4th quarter valued at about $291,000. Finally, Greycroft LP purchased a new stake in shares of Boxed in the 4th quarter valued at about $27,169,000. 54.47% of the stock is currently owned by institutional investors and hedge funds.

Boxed Company Profile (Get Rating)

Boxed, Inc operates as an e-commerce retailer and an e-commerce enabler in the continental United States. The company through its e-commerce retail service provides branded and private labelled bulk pantry consumables, such as paper products, snacks, beverages, cleaning supplies, etc. to B2C and B2B customers, vendors, and enterprise retailers, as well as household customers.

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