Boxlight Co. (NASDAQ:BOXL – Get Rating) – Equities research analysts at HC Wainwright cut their Q3 2023 earnings per share estimates for Boxlight in a research note issued on Monday, November 14th. HC Wainwright analyst S. Buck now anticipates that the company will post earnings per share of $0.08 for the quarter, down from their previous forecast of $0.09. The consensus estimate for Boxlight’s current full-year earnings is ($0.03) per share.
BOXL has been the subject of a number of other reports. Alliance Global Partners reduced their target price on shares of Boxlight to $2.50 in a research note on Tuesday. Maxim Group reiterated a “buy” rating and set a $3.00 price target on shares of Boxlight in a research report on Friday, August 12th.
Boxlight Price Performance
Institutional Inflows and Outflows
A number of hedge funds have recently made changes to their positions in the business. Armistice Capital LLC acquired a new position in shares of Boxlight during the third quarter valued at about $3,515,000. Bard Associates Inc. boosted its holdings in Boxlight by 2.5% during the second quarter. Bard Associates Inc. now owns 729,493 shares of the company’s stock worth $496,000 after purchasing an additional 17,500 shares during the last quarter. Perritt Capital Management Inc. bought a new stake in Boxlight in the third quarter worth about $186,000. State Street Corp raised its position in Boxlight by 7.2% in the first quarter. State Street Corp now owns 218,699 shares of the company’s stock worth $262,000 after acquiring an additional 14,621 shares during the period. Finally, Renaissance Technologies LLC raised its position in Boxlight by 20.6% in the third quarter. Renaissance Technologies LLC now owns 183,800 shares of the company’s stock worth $114,000 after acquiring an additional 31,400 shares during the period. 10.07% of the stock is currently owned by institutional investors and hedge funds.
Boxlight Company Profile
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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