Zacks Investment Research Upgrades Boxlight (NASDAQ:BOXL) to Hold

Boxlight (NASDAQ:BOXLGet Rating) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a report released on Friday, Zacks.com reports.

According to Zacks, “Boxlight Corporation is an educational technology development company. It offers interactive educational products which consist of software, classroom technologies, professional development and support services. Boxlight Corporation is headquartered in Lawrenceville, Georgia. “

Separately, HC Wainwright decreased their price target on Boxlight from $4.00 to $3.00 and set a “buy” rating for the company in a report on Tuesday, May 17th.

Shares of Boxlight stock traded up $0.03 during trading on Friday, reaching $0.87. 229,641 shares of the company were exchanged, compared to its average volume of 651,676. Boxlight has a twelve month low of $0.80 and a twelve month high of $2.97. The company has a quick ratio of 1.04, a current ratio of 2.02 and a debt-to-equity ratio of 0.88. The firm has a market capitalization of $57.18 million, a price-to-earnings ratio of -4.14 and a beta of 3.31. The business has a 50-day moving average price of $1.07 and a 200-day moving average price of $1.24.

Boxlight (NASDAQ:BOXLGet Rating) last posted its earnings results on Thursday, March 17th. The company reported ($0.11) EPS 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 26.77%. The firm had revenue of $44.00 million during the quarter, compared to analyst estimates of $39.49 million. During the same period in the previous year, the company posted $0.01 EPS. On average, equities research analysts forecast that Boxlight will post -0.07 EPS for the current fiscal year.

In other Boxlight news, CTO Shaun Marklew sold 39,750 shares of Boxlight stock in a transaction dated Tuesday, May 24th. The stock was sold at an average price of $0.93, for a total transaction of $36,967.50. Following the completion of the transaction, the chief technology officer now owns 225,000 shares in the company, valued at approximately $209,250. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders have sold a total of 56,235 shares of company stock valued at $54,521 in the last quarter. Company insiders own 7.27% of the company’s stock.

Institutional investors have recently bought and sold shares of the business. Barclays PLC raised its holdings in shares of Boxlight by 1,528.0% in the 3rd quarter. Barclays PLC now owns 13,529 shares of the company’s stock worth $30,000 after purchasing an additional 12,698 shares during the period. GSA Capital Partners LLP purchased a new position in Boxlight in the 3rd quarter valued at approximately $43,000. Moors & Cabot Inc. purchased a new position in Boxlight in the 3rd quarter valued at approximately $1,134,000. Cubist Systematic Strategies LLC grew its stake in Boxlight by 22.0% in the 3rd quarter. Cubist Systematic Strategies LLC now owns 38,200 shares of the company’s stock valued at $86,000 after buying an additional 6,900 shares in the last quarter. Finally, JPMorgan Chase & Co. grew its stake in Boxlight by 4,449.9% in the 4th quarter. JPMorgan Chase & Co. now owns 39,402 shares of the company’s stock valued at $54,000 after buying an additional 38,536 shares in the last quarter. 14.78% of the stock is currently owned by hedge funds and other institutional investors.

Boxlight Company Profile (Get Rating)

Boxlight Corporation develops, sells, and services interactive classroom technology products and solutions for the K-12 education market worldwide. The company provides interactive and non-interactive projectors, interactive flat panel displays, interactive touch projectors, touchboards, and MimioTeach that could turn any whiteboard interactive; and accessory document cameras, teacher pads for remote control, and assessment systems under the Mimio and Clevertouch brands.

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