Box, Inc. (NYSE:BOX) Receives Average Recommendation of “Moderate Buy” from Brokerages

Box, Inc. (NYSE:BOX) has been given a consensus recommendation of “Moderate Buy” by the ten research firms that are presently covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, one has assigned a hold rating and eight have given a buy rating to the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $30.89.

BOX has been the subject of several research analyst reports. UBS Group upped their price target on BOX from $33.00 to $34.00 and gave the stock a “buy” rating in a research note on Wednesday, March 6th. TheStreet upgraded shares of BOX from a “c” rating to a “b” rating in a report on Tuesday, March 5th. Royal Bank of Canada reiterated an “underperform” rating and set a $21.00 price objective on shares of BOX in a research note on Wednesday, March 20th. JPMorgan Chase & Co. raised their target price on shares of BOX from $31.00 to $32.00 and gave the company an “overweight” rating in a research note on Wednesday, March 6th. Finally, Citigroup lifted their target price on shares of BOX from $29.00 to $32.00 and gave the company a “buy” rating in a report on Wednesday, March 6th.

BOX Stock Performance

BOX stock opened at $26.94 on Friday. The company has a market cap of $3.89 billion, a price-to-earnings ratio of 40.21, a PEG ratio of 9.28 and a beta of 0.84. BOX has a 1 year low of $23.29 and a 1 year high of $31.94. The firm has a 50 day moving average price of $27.53 and a 200 day moving average price of $26.13.

BOX (NYSE:BOX) last announced its quarterly earnings data on Tuesday, March 5th. The software maker reported $0.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.02 by $0.07. The company had revenue of $262.88 million during the quarter, compared to analysts’ expectations of $262.92 million. BOX had a net margin of 12.43% and a negative return on equity of 9.46%. Sell-side analysts predict that BOX will post 0.15 EPS for the current year.

Insider Activity

In related news, CFO Dylan C. Smith sold 13,000 shares of BOX stock in a transaction on Wednesday, April 10th. The shares were sold at an average price of $27.30, for a total transaction of $354,900.00. Following the sale, the chief financial officer now owns 1,578,912 shares of the company’s stock, valued at approximately $43,104,297.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In related news, CFO Dylan C. Smith sold 13,000 shares of the stock in a transaction dated Wednesday, April 10th. The stock was sold at an average price of $27.30, for a total value of $354,900.00. Following the completion of the transaction, the chief financial officer now owns 1,578,912 shares of the company’s stock, valued at $43,104,297.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Aaron Levie sold 10,000 shares of the firm’s stock in a transaction that occurred on Monday, March 11th. The shares were sold at an average price of $29.47, for a total value of $294,700.00. Following the sale, the chief executive officer now owns 3,048,653 shares of the company’s stock, valued at approximately $89,843,803.91. The disclosure for this sale can be found here. Over the last three months, insiders sold 133,660 shares of company stock worth $3,792,204. 4.90% of the stock is currently owned by company insiders.

Institutional Trading of BOX

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Comerica Bank bought a new position in BOX during the 2nd quarter valued at $23,020,000. Rhumbline Advisers raised its stake in shares of BOX by 0.7% in the 3rd quarter. Rhumbline Advisers now owns 205,861 shares of the software maker’s stock valued at $4,984,000 after purchasing an additional 1,347 shares in the last quarter. Burney Co. lifted its position in shares of BOX by 19.0% during the third quarter. Burney Co. now owns 296,958 shares of the software maker’s stock worth $7,189,000 after purchasing an additional 47,421 shares during the last quarter. Earnest Partners LLC grew its stake in BOX by 1.2% in the third quarter. Earnest Partners LLC now owns 6,132,385 shares of the software maker’s stock worth $148,465,000 after purchasing an additional 70,129 shares in the last quarter. Finally, Hsbc Holdings PLC grew its stake in BOX by 406.6% in the third quarter. Hsbc Holdings PLC now owns 154,320 shares of the software maker’s stock worth $3,744,000 after purchasing an additional 123,858 shares in the last quarter. Institutional investors own 86.74% of the company’s stock.

BOX Company Profile

Box, Inc provides a cloud content management platform that enables organizations of various sizes to manage and share their content from anywhere on any device. The company's Software-as-a-Service platform enables users to work with their content as they need from secure external collaboration and sharing, workspaces and portals, e-signature processes, and content workflows improving employee productivity and accelerating business processes.