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

Box, Inc. (NYSE:BOX) has earned a consensus recommendation of “Moderate Buy” from the ten brokerages that are covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, two have given a hold recommendation and seven have given a buy recommendation to the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $30.33.

A number of research firms have recently commented on BOX. Citigroup raised their price target on BOX from $29.00 to $32.00 and gave the stock a “buy” rating in a research report on Wednesday, March 6th. Morgan Stanley dropped their price target on BOX from $32.00 to $30.00 and set an “equal weight” rating on the stock in a research report on Wednesday, May 29th. TheStreet upgraded 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 report on Wednesday, May 29th. Finally, JMP Securities reiterated a “market outperform” rating and set a $32.00 price objective on shares of BOX in a report on Wednesday, March 20th.

BOX Trading Up 0.6 %

NYSE:BOX opened at $25.59 on Thursday. BOX has a 1-year low of $23.29 and a 1-year high of $31.94. The business’s 50-day moving average price is $26.43 and its two-hundred day moving average price is $26.60. The firm has a market capitalization of $3.69 billion, a price-to-earnings ratio of 35.05, a PEG ratio of 7.31 and a beta of 0.83.

BOX (NYSE:BOX) last released its quarterly earnings results on Tuesday, May 28th. The software maker reported $0.05 EPS for the quarter, topping analysts’ consensus estimates of $0.02 by $0.03. The company had revenue of $264.66 million for the quarter, compared to analyst estimates of $261.65 million. BOX had a negative return on equity of 11.71% and a net margin of 13.13%. Sell-side analysts predict that BOX will post 0.17 earnings per share for the current year.

Insider Buying and Selling at BOX

In other news, VP Eli Berkovitch sold 3,300 shares of the firm’s stock in a transaction that occurred on Friday, June 14th. The stock was sold at an average price of $25.90, for a total value of $85,470.00. Following the completion of the sale, the vice president now directly owns 152,372 shares of the company’s stock, valued at $3,946,434.80. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, CFO Dylan C. Smith sold 13,000 shares of the firm’s stock in a transaction that occurred on Friday, May 10th. The stock was sold at an average price of $26.08, for a total value of $339,040.00. Following the completion of the sale, the chief financial officer now directly owns 1,565,912 shares of the company’s stock, valued at $40,838,984.96. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP Eli Berkovitch sold 3,300 shares of the firm’s stock in a transaction that occurred on Friday, June 14th. The shares were sold at an average price of $25.90, for a total value of $85,470.00. Following the completion of the sale, the vice president now directly owns 152,372 shares of the company’s stock, valued at $3,946,434.80. The disclosure for this sale can be found here. Insiders sold a total of 42,300 shares of company stock worth $1,122,350 over the last ninety days. 4.10% of the stock is currently owned by corporate insiders.

Institutional Trading of BOX

Hedge funds have recently added to or reduced their stakes in the company. DekaBank Deutsche Girozentrale acquired a new stake in BOX during the 3rd quarter worth approximately $38,000. TFO Wealth Partners LLC lifted its holdings in BOX by 62,000.0% during the 4th quarter. TFO Wealth Partners LLC now owns 1,863 shares of the software maker’s stock worth $48,000 after purchasing an additional 1,860 shares during the last quarter. a16z Perennial Management L.P. acquired a new stake in BOX during the 4th quarter worth approximately $48,000. Covestor Ltd lifted its holdings in BOX by 27.3% during the 1st quarter. Covestor Ltd now owns 4,312 shares of the software maker’s stock worth $122,000 after purchasing an additional 924 shares during the last quarter. Finally, Central Pacific Bank Trust Division acquired a new stake in BOX during the 1st quarter worth approximately $174,000. 86.74% of the stock is owned by institutional investors and hedge funds.

About BOX

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.