Box, Inc. (BOX) Stock Rating Reaffirmed by Oppenheimer Holdings, Inc.

Box, Inc. (NYSE:BOX)‘s stock had its “buy” rating reissued by investment analysts at Oppenheimer Holdings, Inc. in a research report issued to clients and investors on Monday. They currently have a $22.00 price objective on the software maker’s stock. Oppenheimer Holdings, Inc.’s price target would indicate a potential upside of 8.80% from the company’s current price.

Several other brokerages have also weighed in on BOX. BidaskClub raised Box from a “hold” rating to a “buy” rating in a research report on Wednesday, August 23rd. Raymond James Financial, Inc. raised Box from a “market perform” rating to an “outperform” rating and set a $26.00 target price on the stock in a research report on Monday, September 25th. Rosenblatt Securities reaffirmed a “buy” rating and issued a $25.00 target price on shares of Box in a research report on Monday, October 9th. UBS AG raised Box from a “market perform” rating to an “outperform” rating and set a $26.00 target price on the stock in a research report on Monday, September 25th. Finally, Drexel Hamilton reaffirmed a “buy” rating and issued a $28.00 target price on shares of Box in a research report on Tuesday, June 27th. Three analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $23.40.

Box (NYSE:BOX) opened at 20.22 on Monday. The stock’s market capitalization is $2.70 billion. The company has a 50-day moving average of $18.73 and a 200-day moving average of $18.73. Box has a 52-week low of $13.56 and a 52-week high of $20.91.

Box (NYSE:BOX) last posted its quarterly earnings results on Wednesday, August 30th. The software maker reported ($0.11) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.13) by $0.02. The business had revenue of $122.94 million for the quarter, compared to analyst estimates of $121.75 million. Box had a negative return on equity of 232.81% and a negative net margin of 34.11%. The business’s revenue was up 28.4% compared to the same quarter last year. During the same period in the prior year, the company posted ($0.14) EPS. Equities research analysts expect that Box will post ($0.45) EPS for the current year.

COPYRIGHT VIOLATION WARNING: “Box, Inc. (BOX) Stock Rating Reaffirmed by Oppenheimer Holdings, Inc.” was originally reported by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are accessing this piece on another publication, it was copied illegally and republished in violation of U.S. & international trademark & copyright legislation. The original version of this piece can be read at https://ledgergazette.com/2017/10/18/box-inc-box-stock-rating-reaffirmed-by-oppenheimer-holdings-inc.html.

In other news, CFO Dylan C. Smith sold 13,000 shares of the firm’s stock in a transaction on Tuesday, October 10th. The stock was sold at an average price of $19.06, for a total transaction of $247,780.00. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Daniel J. Levin sold 50,000 shares of the firm’s stock in a transaction on Thursday, July 27th. The shares were sold at an average price of $20.00, for a total value of $1,000,000.00. Following the transaction, the insider now directly owns 3,752 shares in the company, valued at $75,040. The disclosure for this sale can be found here. Insiders have sold 1,009,534 shares of company stock worth $18,924,531 over the last three months. Corporate insiders own 20.59% of the company’s stock.

Institutional investors and hedge funds have recently modified their holdings of the company. Ameritas Investment Partners Inc. increased its holdings in shares of Box by 81.3% during the second quarter. Ameritas Investment Partners Inc. now owns 6,896 shares of the software maker’s stock valued at $126,000 after purchasing an additional 3,092 shares during the period. Hillsdale Investment Management Inc. acquired a new position in shares of Box during the second quarter valued at $155,000. Two Sigma Securities LLC acquired a new position in shares of Box during the first quarter valued at $177,000. BNP Paribas Arbitrage SA increased its holdings in shares of Box by 843.7% during the second quarter. BNP Paribas Arbitrage SA now owns 9,786 shares of the software maker’s stock valued at $178,000 after purchasing an additional 8,749 shares during the period. Finally, StepStone Group LP acquired a new position in shares of Box during the second quarter valued at $180,000. 57.37% of the stoc

Several other brokerages have also weighed in on BOX. BidaskClub raised Box from a “hold” rating to a “buy” rating in a research report on Wednesday, August 23rd. Raymond James Financial, Inc. raised Box from a “market perform” rating to an “outperform” rating and set a $26.00 target price on the stock in a research report on Monday, September 25th. Rosenblatt Securities reaffirmed a “buy” rating and issued a $25.00 target price on shares of Box in a research report on Monday, October 9th. UBS AG raised Box from a “market perform” rating to an “outperform” rating and set a $26.00 target price on the stock in a research report on Monday, September 25th. Finally, Drexel Hamilton reaffirmed a “buy” rating and issued a $28.00 target price on shares of Box in a research report on Tuesday, June 27th. Three analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $23.40.

Box (NYSE:BOX) opened at 20.22 on Monday. The stock’s market capitalization is $2.70 billion. The company has a 50-day moving average of $18.73 and a 200-day moving average of $18.73. Box has a 52-week low of $13.56 and a 52-week high of $20.91.

Box (NYSE:BOX) last posted its quarterly earnings results on Wednesday, August 30th. The software maker reported ($0.11) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.13) by $0.02. The business had revenue of $122.94 million for the quarter, compared to analyst estimates of $121.75 million. Box had a negative return on equity of 232.81% and a negative net margin of 34.11%. The business’s revenue was up 28.4% compared to the same quarter last year. During the same period in the prior year, the company posted ($0.14) EPS. Equities research analysts expect that Box will post ($0.45) EPS for the current year.

COPYRIGHT VIOLATION WARNING: “Box, Inc. (BOX) Stock Rating Reaffirmed by Oppenheimer Holdings, Inc.” was originally reported by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are accessing this piece on another publication, it was copied illegally and republished in violation of U.S. & international trademark & copyright legislation. The original version of this piece can be read at https://ledgergazette.com/2017/10/18/box-inc-box-stock-rating-reaffirmed-by-oppenheimer-holdings-inc.html.

In other news, CFO Dylan C. Smith sold 13,000 shares of the firm’s stock in a transaction on Tuesday, October 10th. The stock was sold at an average price of $19.06, for a total transaction of $247,780.00. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Daniel J. Levin sold 50,000 shares of the firm’s stock in a transaction on Thursday, July 27th. The shares were sold at an average price of $20.00, for a total value of $1,000,000.00. Following the transaction, the insider now directly owns 3,752 shares in the company, valued at $75,040. The disclosure for this sale can be found here. Insiders have sold 1,009,534 shares of company stock worth $18,924,531 over the last three months. Corporate insiders own 20.59% of the company’s stock.

Institutional investors and hedge funds have recently modified their holdings of the company. Ameritas Investment Partners Inc. increased its holdings in shares of Box by 81.3% during the second quarter. Ameritas Investment Partners Inc. now owns 6,896 shares of the software maker’s stock valued at $126,000 after purchasing an additional 3,092 shares during the period. Hillsdale Investment Management Inc. acquired a new position in shares of Box during the second quarter valued at $155,000. Two Sigma Securities LLC acquired a new position in shares of Box during the first quarter valued at $177,000. BNP Paribas Arbitrage SA increased its holdings in shares of Box by 843.7% during the second quarter. BNP Paribas Arbitrage SA now owns 9,786 shares of the software maker’s stock valued at $178,000 after purchasing an additional 8,749 shares during the period. Finally, StepStone Group LP acquired a new position in shares of Box during the second quarter valued at $180,000. 57.37% of the stock is currently owned by institutional investors.

Box Company Profile

Box, Inc provides an enterprise content management platform that enables organizations of all sizes to manage enterprise content while allowing access and sharing of this content from anywhere, on any device. With the Company’s Software-as-a-Service (SaaS) cloud-based platform, users can collaborate on content both internally and with external parties, automate content-driven business processes, develop custom applications, and implement data protection, security and compliance features to comply with internal policies and industry regulations.

Analyst Recommendations for Box (NYSE:BOX)

Receive News & Ratings for Box Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Box Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply