Box, Inc. (NYSE:BOX) Given Consensus Rating of “Moderate Buy” by Analysts

Box, Inc. (NYSE:BOX – Get Rating) has been given a consensus rating of “Moderate Buy” by the eleven brokerages that are covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating and eight have assigned a buy rating to the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $34.20.

A number of equities research analysts recently weighed in on the company. StockNews.com assumed coverage on BOX in a research report on Thursday, May 18th. They set a “buy” rating on the stock. Credit Suisse Group reiterated an “outperform” rating and issued a $36.00 target price on shares of BOX in a research note on Thursday, March 2nd. Royal Bank of Canada cut their target price on shares of BOX from $24.00 to $21.00 and set an “underperform” rating for the company in a research note on Wednesday, March 15th. JMP Securities reiterated a “market outperform” rating and issued a $32.00 target price on shares of BOX in a research note on Thursday, March 16th. Finally, Morgan Stanley dropped their price objective on shares of BOX from $39.00 to $37.00 and set an “overweight” rating for the company in a research report on Thursday, March 2nd.

BOX Stock Performance

Shares of BOX opened at $27.32 on Wednesday. The company has a market capitalization of $3.94 billion, a P/E ratio of 546.40, a P/E/G ratio of 13.19 and a beta of 1.01. BOX has a one year low of $22.31 and a one year high of $34.98. The stock has a 50-day moving average price of $26.58 and a 200 day moving average price of $29.05.

BOX (NYSE:BOX – Get Rating) last issued its quarterly earnings results on Wednesday, March 1st. The software maker reported $0.07 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.03 by $0.04. The firm had revenue of $256.48 million during the quarter, compared to analyst estimates of $256.29 million. BOX had a negative return on equity of 2.53% and a net margin of 2.70%. As a group, equities research analysts forecast that BOX will post 0.1 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other BOX news, Director Jack R. Lazar sold 5,000 shares of the firm’s stock in a transaction that occurred on Wednesday, April 5th. The shares were sold at an average price of $26.95, for a total transaction of $134,750.00. Following the completion of the sale, the director now directly owns 26,555 shares in the company, valued at $715,657.25. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In related news, Director Jack R. Lazar sold 5,000 shares of BOX stock in a transaction that occurred on Wednesday, April 5th. The shares were sold at an average price of $26.95, for a total value of $134,750.00. Following the transaction, the director now directly owns 26,555 shares of the company’s stock, valued at $715,657.25. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Dylan C. Smith sold 13,000 shares of BOX stock in a transaction that occurred on Friday, March 10th. The shares were sold at an average price of $26.09, for a total transaction of $339,170.00. Following the completion of the transaction, the chief financial officer now directly owns 1,402,904 shares in the company, valued at $36,601,765.36. The disclosure for this sale can be found here. Insiders sold 44,000 shares of company stock worth $1,173,060 over the last three months. Insiders own 4.90% of the company’s stock.

Institutional Trading of BOX

Hedge funds and other institutional investors have recently modified their holdings of the stock. Ameriprise Financial Inc. lifted its holdings in shares of BOX by 22.3% during the first quarter. Ameriprise Financial Inc. now owns 757,623 shares of the software maker’s stock worth $20,295,000 after purchasing an additional 138,224 shares during the period. Centaurus Financial Inc. lifted its holdings in shares of BOX by 1.5% during the first quarter. Centaurus Financial Inc. now owns 46,678 shares of the software maker’s stock worth $1,251,000 after purchasing an additional 697 shares during the period. Mercer Global Advisors Inc. ADV lifted its holdings in BOX by 14.8% in the first quarter. Mercer Global Advisors Inc. ADV now owns 13,949 shares of the software maker’s stock valued at $374,000 after buying an additional 1,802 shares during the period. Segall Bryant & Hamill LLC lifted its holdings in BOX by 28.6% in the first quarter. Segall Bryant & Hamill LLC now owns 278,913 shares of the software maker’s stock valued at $7,472,000 after buying an additional 61,961 shares during the period. Finally, State Street Corp lifted its holdings in BOX by 2.8% in the first quarter. State Street Corp now owns 3,051,147 shares of the software maker’s stock valued at $81,740,000 after buying an additional 82,813 shares during the period. Institutional investors own 85.67% of the company’s stock.

About BOX

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Box, Inc engages in the provision of an enterprise content platform that enables organizations to securely manage enterprise content while allowing easy, secure access and sharing of this content from anywhere, on any device. Its products include cloud content management, IT and admin controls, Box Governance, Box Zones, Box Relay, Box Shuttle, and Box KeySafe.