Box, Inc. (NYSE:BOX) has received an average recommendation of “Buy” from the twelve research firms that are currently covering the stock, Marketbeat Ratings reports. Four research analysts have rated the stock with a hold recommendation and seven have given a buy recommendation to the company. The average 1-year price objective among analysts that have covered the stock in the last year is $29.20.
A number of brokerages have commented on BOX. JMP Securities upgraded shares of BOX from a “market perform” rating to an “outperform” rating and set a $32.00 price target for the company in a research note on Monday, September 27th. Berenberg Bank boosted their price target on BOX from $30.00 to $34.00 and gave the company a “buy” rating in a research note on Thursday, December 2nd. Royal Bank of Canada upgraded BOX from an “underperform” rating to a “sector perform” rating and upped their price target for the company from $21.00 to $25.00 in a research report on Friday, January 7th. Craig Hallum boosted their target price on shares of BOX from $31.00 to $38.00 and gave the company a “buy” rating in a research note on Wednesday, December 1st. Finally, Morgan Stanley upped their target price on shares of BOX from $29.00 to $30.00 and gave the stock an “equal weight” rating in a report on Wednesday, December 1st.
Shares of NYSE:BOX traded up $0.21 during trading on Friday, hitting $25.58. 43,758 shares of the stock were exchanged, compared to its average volume of 1,502,713. The company has a market capitalization of $3.79 billion, a price-to-earnings ratio of -79.28 and a beta of 1.32. The company has a debt-to-equity ratio of 3.33, a quick ratio of 1.58 and a current ratio of 1.58. BOX has a 1-year low of $16.85 and a 1-year high of $28.13. The company’s fifty day simple moving average is $25.76 and its 200-day simple moving average is $25.20.
In related news, CFO Dylan C. Smith sold 15,000 shares of the firm’s stock in a transaction dated Monday, January 10th. The stock was sold at an average price of $25.28, for a total value of $379,200.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Daniel J. Levin sold 144,858 shares of BOX stock in a transaction dated Monday, December 27th. The stock was sold at an average price of $27.61, for a total value of $3,999,529.38. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 248,080 shares of company stock valued at $6,681,589. Insiders own 6.20% of the company’s stock.
A number of hedge funds have recently made changes to their positions in BOX. US Bancorp DE lifted its stake in shares of BOX by 31.5% in the 2nd quarter. US Bancorp DE now owns 1,874 shares of the software maker’s stock valued at $48,000 after purchasing an additional 449 shares during the period. Pacer Advisors Inc. bought a new stake in BOX in the third quarter valued at about $72,000. Rockefeller Capital Management L.P. lifted its stake in BOX by 379.7% in the third quarter. Rockefeller Capital Management L.P. now owns 3,113 shares of the software maker’s stock valued at $73,000 after buying an additional 2,464 shares during the period. Lazard Asset Management LLC bought a new position in BOX during the second quarter worth about $80,000. Finally, Strs Ohio grew its position in shares of BOX by 7.7% during the 3rd quarter. Strs Ohio now owns 7,000 shares of the software maker’s stock worth $165,000 after buying an additional 500 shares during the period. 79.77% of the stock is currently owned by hedge funds and other institutional investors.
Box, Inc engages in the provision of 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, box keysafe and automations.
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