Should I buy or sell Dropbox stock right now?

10 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Dropbox in the last twelve months. There are currently 3 sell ratings, 4 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" DBX shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in DBX, but not buy additional shares or sell existing shares. View DBX analyst ratings or view top-rated stocks .

What is Dropbox's stock price target for 2024?

10 Wall Street research analysts have issued 12-month price targets for Dropbox's shares. Their DBX share price targets range from $22.00 to $37.00. On average, they predict the company's stock price to reach $29.78 in the next year. This suggests a possible upside of 29.4% from the stock's current price. View analysts price targets for DBX or view top-rated stocks among Wall Street analysts .

How have DBX shares performed in 2024?

Dropbox's stock was trading at $29.48 at the start of the year. Since then, DBX shares have decreased by 21.9% and is now trading at $23.01. View the best growth stocks for 2024 here .

Are investors shorting Dropbox?

Dropbox saw a increase in short interest in March. As of March 31st, there was short interest totaling 21,150,000 shares, an increase of 7.5% from the March 15th total of 19,680,000 shares. Based on an average trading volume of 4,130,000 shares, the days-to-cover ratio is presently 5.1 days. Currently, 8.4% of the company's stock are sold short. View Dropbox's Short Interest .

When is Dropbox's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, May 2nd 2024. View our DBX earnings forecast .

How were Dropbox's earnings last quarter?

Dropbox, Inc. (NASDAQ:DBX) announced its quarterly earnings data on Thursday, February, 15th. The company reported $0.25 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.26 by $0.01. The business earned $635 million during the quarter, compared to analysts' expectations of $630.77 million. Dropbox had a negative trailing twelve-month return on equity of 120.82% and a net margin of 18.13%.

What ETFs hold Dropbox's stock?

ETFs with the largest weight of Dropbox (NASDAQ:DBX) stock in their portfolio include Global X Cloud Computing ETF (CLOU) , ERShares Entrepreneurs ETF (ENTR) , Simplify Volt Cloud and Cybersecurity Disruption ETF (VCLO) , Fidelity Cloud Computing ETF (FCLD) , iShares Virtual Work and Life Multisector ETF (IWFH) , Harbor Corporate Culture Leaders ETF (HAPY) , WisdomTree Cloud Computing Fund (WCLD) and Amplify Global Cloud Technology ETF (IVES) .

What guidance has Dropbox issued on next quarter's earnings?

Dropbox updated its first quarter 2024 earnings guidance on Friday, February, 16th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $627.0 million-$630.0 million, compared to the consensus revenue estimate of $631.4 million.

What other stocks do shareholders of Dropbox own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Dropbox investors own include NVIDIA (NVDA) , Micron Technology (MU) , Alibaba Group (BABA) , Advanced Micro Devices (AMD) , Tesla (TSLA) , Netflix (NFLX) , Cisco Systems (CSCO) , Intel (INTC) , Block (SQ) and Salesforce (CRM) .

When did Dropbox IPO?

Dropbox (DBX) raised $612 million in an initial public offering (IPO) on Friday, March 23rd 2018. The company issued 36,000,000 shares at a price of $16.00-$18.00 per share. Goldman Sachs, J.P. Morgan, Deutsche Bank Securities, Allen & Company and BofA Merrill Lynch acted as the underwriters for the IPO and RBC Capital Markets, Jefferies, Macquarie Capital, Canaccord Genuity, JMP Securities, KeyBanc Capital Markets and Piper Jaffray were co-managers.

Who are Dropbox's major shareholders?

Dropbox's stock is owned by a number of institutional and retail investors. Top institutional investors include West Coast Financial LLC (0.07%), Compass Wealth Management LLC (0.06%), FCF Advisors LLC (0.01%), Northwest Investment Counselors LLC (0.01%), Strategic Advocates LLC (0.01%) and Cooper Financial Group (0.00%). Insiders that own company stock include Andrew Houston , Bart Volkmer , David Henry Mack , Karen Peacock , Lisa M Campbell, Lisa M Campbell , Timothy H Young, Timothy H Young and Timothy Regan . View institutional ownership trends .

How do I buy shares of Dropbox?

Shares of DBX stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services. Compare Top Brokerages Here .

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NASDAQ:DBX

Dropbox (DBX) Stock Price, News & Analysis

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$23.00

+0.08 (+0.35%)

(As of 03:34 PM ET)

Compare

Today's Range: $22.72
▼
$23.08
50-Day Range: $22.92
▼
$33.16
52-Week Range: $19.55
▼
$33.43

Volume: 1.64 million shs
Average Volume: 3.98 million shs
Market Capitalization: $7.91 billion

P/E Ratio: 17.42
Dividend Yield: N/A
Price Target: $29.78

Get Dropbox alerts:

Dropbox MarketRank™ Stock Analysis

Analyst Rating: Hold
2.00 Rating Score
Upside/Downside: 29.4% Upside
$29.78 Price Target
Short Interest: Bearish
8.40% of Float Sold Short
Dividend Strength: N/A
Sustainability: -0.42
Upright™ Environmental Score
News Sentiment: 0.90
Based on 8 Articles This Week
Insider Trading: Selling Shares
$4.32 M Sold Last Quarter
Proj. Earnings Growth: 15.79%
From $1.14 to $1.32 Per Share

Overall MarketRank^™

New Rank-Based ScoringMarketRank^™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.85 out of 5 stars

Computer And Technology Sector

28th out of 589 stocks

Prepackaged Software Industry

6th out of 200 stocks

4.0

Analyst's Opinion

Consensus Rating
Dropbox has received a consensus rating of Hold. The company's average rating score is 2.00, and is based on 3 buy ratings, 4 hold ratings, and 3 sell ratings.
Amount of Analyst Coverage
Dropbox has been the subject of 6 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

1.0

Short Interest

Percentage of Shares Shorted
8.40% of the float of Dropbox has been sold short.
Short Interest Ratio / Days to Cover
Dropbox has a short interest ratio ("days to cover") of 5.1.
Change versus previous month
Short interest in Dropbox has recently increased by 7.47%, indicating that investor sentiment is decreasing significantly.

0.0

Dividend Strength

Dividend Yield
Dropbox does not currently pay a dividend.
Dividend Growth
Dropbox does not have a long track record of dividend growth.

3.2

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
Dropbox has received a 32.16% net impact score from Upright. Dropbox seems to create the most significant positive value in categories "Taxes", "Relationships", and "Knowledge infrastructure". The positive contribution in the "Relationships" impact category is driven by its "Collaboration software", "Hosted data storage services", and "File-sharing services" products. See details.
Environmental Sustainability
The Environmental Impact score for Dropbox is -0.42.

2.7

News and Social Media Coverage

News Sentiment
Dropbox has a news sentiment score of 0.90. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.59 average news sentiment score of Computer and Technology companies.
News Coverage This Week
MarketBeat has tracked 8 news articles for Dropbox this week, compared to 6 articles on an average week.
Search Interest
Only 6 people have searched for DBX on MarketBeat in the last 30 days. This is a decrease of -73% compared to the previous 30 days.
MarketBeat Follows
Only 5 people have added Dropbox to their MarketBeat watchlist in the last 30 days. This is a decrease of -75% compared to the previous 30 days.

4.2

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Dropbox insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $4,324,757.00 in company stock.
Percentage Held by Insiders
26.40% of the stock of Dropbox is held by insiders. A high percentage of insider ownership can be a sign of company health.
Percentage Held by Institutions
94.84% of the stock of Dropbox is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

3.1

Earnings and Valuation

Earnings Growth
Earnings for Dropbox are expected to grow by 15.79% in the coming year, from $1.14 to $1.32 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Dropbox is 17.43, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 137.63.
Price to Earnings Ratio vs. Sector
The P/E ratio of Dropbox is 17.43, which means that it is trading at a less expensive P/E ratio than the Computer and Technology sector average P/E ratio of about 235.36.
Price to Earnings Growth Ratio
Dropbox has a PEG Ratio of 2.59. PEG Ratios above 1 indicate that a company could be overvalued.

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About Dropbox Stock (NASDAQ:DBX)

Dropbox, Inc. provides a content collaboration platform worldwide. The company's platform allows individuals, families, teams, and organizations to collaborate and sign up for free through its website or app, as well as upgrade to a paid subscription plan for premium features. It serves customers in professional services, technology, media, education, industrial, consumer and retail, and financial services industries. The company was formerly known as Evenflow, Inc. and changed its name to Dropbox, Inc. in October 2009. Dropbox, Inc. was incorporated in 2007 and is headquartered in San Francisco, California.

DBX Stock Price History

30 days | 90 days | 365 days | Advanced Chart

DBX Stock News Headlines

March 31, 2024 | insidertrades.com

Timothy Regan Sells 3,000 Shares of Dropbox, Inc. (NASDAQ:DBX) Stock

March 20, 2024 | insidertrades.com

Dropbox, Inc. (NASDAQ:DBX) CFO Timothy Regan Sells 3,000 Shares

April 16, 2024 | StockEarnings (Ad)

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March 20, 2024 | insidertrades.com

Bart Volkmer Sells 7,039 Shares of Dropbox, Inc. (NASDAQ:DBX) Stock

March 17, 2024 | insidertrades.com

Dropbox, Inc. (NASDAQ:DBX) CEO Andrew Houston Sells 164,000 Shares

April 16, 2024 | msn.com

Dropbox CEO says employees appreciate remote work more than cushy office perks: 'they value flexibility a lot more than snacks'

April 14, 2024 | nasdaq.com

May 31st Options Now Available For Dropbox (DBX)

April 11, 2024 | prnewswire.com

Investor Activity Surpasses 2021 Engagement Levels, Hits Q1 Record High According to DocSend 2024 Data

April 16, 2024 | StockEarnings (Ad)

Your eBook: Mastering Earnings Announcements Trading

April 11, 2024 | finance.yahoo.com

Bear of the Day: Dropbox, Inc. (DBX)

April 8, 2024 | seekingalpha.com

Dropbox: Too Late For A Successful Turnaround

April 8, 2024 | americanbankingnews.com

Dropbox, Inc. (NASDAQ:DBX) Receives Consensus Recommendation of "Hold" from Analysts

April 4, 2024 | benzinga.com

Top 5 Tech Stocks That Could Lead To Your Biggest Gains This Month - Dropbox (NASDAQ:DBX), Digital Turbine (NASDAQ:APPS)

April 3, 2024 | finance.yahoo.com

Dropbox Inc CFO Timothy Regan Sells 9,905 Shares

April 2, 2024 | benzinga.com

Peering Into Dropbox's Recent Short Interest

April 2, 2024 | seekingalpha.com

Dropbox: Revenue Growth May Come Under Pressure (Rating Downgrade)

April 2, 2024 | msn.com

Dropbox's new beta app brings saved files to the File Explorer and Taskbar on Windows 11 for easy accessibility

April 2, 2024 | msn.com

Dropbox finally arrives on the Microsoft Store

March 30, 2024 | nasdaq.com

DBX May 10th Options Begin Trading

March 29, 2024 | msn.com

St. Louis fireman charged after child porn videos found on Dropbox account

March 24, 2024 | nasdaq.com

DBX May 3rd Options Begin Trading

March 21, 2024 | investing.com

Dropbox CFO sells $72k in company shares

March 21, 2024 | investing.com

Dropbox chief legal officer sells shares worth over $169k

March 19, 2024 | finance.yahoo.com

DBX May 2024 23.000 put

March 19, 2024 | finance.yahoo.com

Dropbox Inc's Chief Legal Officer Bart Volkmer Sells Company Shares

March 16, 2024 | finance.yahoo.com

DBX Mar 2024 29.000 call

March 16, 2024 | finance.yahoo.com

DBX Mar 2024 21.000 put

See More Headlines

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Company Calendar

Last Earnings: 2/15/2024
Today: 4/16/2024
Next Earnings (Estimated): 5/02/2024
Fiscal Year End: 12/31/2024

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: NASDAQ
Sector: Computer and Technology
Industry: Prepackaged software
Sub-Industry: N/A
Current Symbol: NASDAQ:DBX
CUSIP: N/A
CIK: 1467623
Web: www.dropbox.com
Phone: (415) 857-6800
Fax: N/A
Employees: 2,693
Year Founded: N/A

Price Target and Rating

Average Stock Price Target: $29.78
High Stock Price Target: $37.00
Low Stock Price Target: $22.00
Potential Upside/Downside: +29.9%
Consensus Rating: Hold
Rating Score (0-4): 2.00
Research Coverage: 10 Analysts

Profitability

EPS (Most Recent Fiscal Year): $1.32
Trailing P/E Ratio: 17.36
Forward P/E Ratio: 20.11
P/E Growth: 2.59
Net Income: $453.60 million
Net Margins: 18.13%
Pretax Margin: 22.16%
Return on Equity: -120.82%
Return on Assets: 13.10%

Debt

Debt-to-Equity Ratio: N/A
Current Ratio: 1.26
Quick Ratio: 1.26

Sales & Book Value

Annual Sales: $2.50 billion
Price / Sales: 3.15
Cash Flow: $1.78 per share
Price / Cash Flow: 12.85
Book Value: ($0.49) per share
Price / Book: -46.78

Miscellaneous

Outstanding Shares: 343,984,000
Free Float: 253,172,000
Market Cap: $7.88 billion
Optionable: Optionable
Beta: 0.71

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Key Executives

Mr. Andrew W. Houston (Age 40)
Co-Founder, Interim President, CEO & Chairman
Comp: $1.54M
Mr. Timothy J. Regan CPA (Age 46)
Chief Financial Officer
Comp: $914k
Mr. Bart E. Volkmer Esq. (Age 49)
Chief Legal Officer
Comp: $801.57k
Mr. Eric Cox (Age 53)
Chief Customer Officer
Comp: $250k
Ms. Saman Asheer
Vice President of Communications
Ms. Melanie Collins
Chief People Officer

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

DBX Stock Analysis - Frequently Asked Questions

Should I buy or sell Dropbox stock right now?: 10 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Dropbox in the last twelve months. There are currently 3 sell ratings, 4 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" DBX shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in DBX, but not buy additional shares or sell existing shares.
View DBX analyst ratings or view top-rated stocks.
What is Dropbox's stock price target for 2024?: 10 Wall Street research analysts have issued 12-month price targets for Dropbox's shares. Their DBX share price targets range from $22.00 to $37.00. On average, they predict the company's stock price to reach $29.78 in the next year. This suggests a possible upside of 29.4% from the stock's current price.
View analysts price targets for DBX or view top-rated stocks among Wall Street analysts.
How have DBX shares performed in 2024?: Dropbox's stock was trading at $29.48 at the start of the year. Since then, DBX shares have decreased by 21.9% and is now trading at $23.01.
View the best growth stocks for 2024 here.
Are investors shorting Dropbox?: Dropbox saw a increase in short interest in March. As of March 31st, there was short interest totaling 21,150,000 shares, an increase of 7.5% from the March 15th total of 19,680,000 shares. Based on an average trading volume of 4,130,000 shares, the days-to-cover ratio is presently 5.1 days. Currently, 8.4% of the company's stock are sold short.
View Dropbox's Short Interest.
When is Dropbox's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Thursday, May 2nd 2024.
View our DBX earnings forecast.
How were Dropbox's earnings last quarter?: Dropbox, Inc. (NASDAQ:DBX) announced its quarterly earnings data on Thursday, February, 15th. The company reported $0.25 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.26 by $0.01. The business earned $635 million during the quarter, compared to analysts' expectations of $630.77 million. Dropbox had a negative trailing twelve-month return on equity of 120.82% and a net margin of 18.13%.

What ETFs hold Dropbox's stock?: ETFs with the largest weight of Dropbox (NASDAQ:DBX) stock in their portfolio include Global X Cloud Computing ETF (CLOU), ERShares Entrepreneurs ETF (ENTR), Simplify Volt Cloud and Cybersecurity Disruption ETF (VCLO), Fidelity Cloud Computing ETF (FCLD), iShares Virtual Work and Life Multisector ETF (IWFH), Harbor Corporate Culture Leaders ETF (HAPY), WisdomTree Cloud Computing Fund (WCLD) and Amplify Global Cloud Technology ETF (IVES).
What guidance has Dropbox issued on next quarter's earnings?: Dropbox updated its first quarter 2024 earnings guidance on Friday, February, 16th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $627.0 million-$630.0 million, compared to the consensus revenue estimate of $631.4 million.
What other stocks do shareholders of Dropbox own?: Based on aggregate information from My MarketBeat watchlists, some companies that other Dropbox investors own include NVIDIA (NVDA), Micron Technology (MU), Alibaba Group (BABA), Advanced Micro Devices (AMD), Tesla (TSLA), Netflix (NFLX), Cisco Systems (CSCO), Intel (INTC), Block (SQ) and Salesforce (CRM).
When did Dropbox IPO?: Dropbox (DBX) raised $612 million in an initial public offering (IPO) on Friday, March 23rd 2018. The company issued 36,000,000 shares at a price of $16.00-$18.00 per share. Goldman Sachs, J.P. Morgan, Deutsche Bank Securities, Allen & Company and BofA Merrill Lynch acted as the underwriters for the IPO and RBC Capital Markets, Jefferies, Macquarie Capital, Canaccord Genuity, JMP Securities, KeyBanc Capital Markets and Piper Jaffray were co-managers.
Who are Dropbox's major shareholders?: Dropbox's stock is owned by a number of institutional and retail investors. Top institutional investors include West Coast Financial LLC (0.07%), Compass Wealth Management LLC (0.06%), FCF Advisors LLC (0.01%), Northwest Investment Counselors LLC (0.01%), Strategic Advocates LLC (0.01%) and Cooper Financial Group (0.00%). Insiders that own company stock include Andrew Houston, Bart Volkmer, David Henry Mack, Karen Peacock, Lisa M Campbell, Lisa M Campbell, Timothy H Young, Timothy H Young and Timothy Regan.
View institutional ownership trends.
How do I buy shares of Dropbox?: Shares of DBX stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NASDAQ:DBX) was last updated on 4/16/2024 by MarketBeat.com Staff

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