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

Box, Inc. (NYSE:BOX - Get Free Report) has been given a consensus rating of "Moderate Buy" by the ten research firms that are covering the firm, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, one has given a hold recommendation, seven have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $38.50.

Several analysts have issued reports on the stock. Morgan Stanley reiterated a "positive" rating on shares of BOX in a research note on Wednesday, May 28th. UBS Group upgraded shares of BOX from a "buy" rating to a "strong-buy" rating and increased their target price for the stock from $37.00 to $40.00 in a research note on Wednesday, May 28th. JPMorgan Chase & Co. increased their target price on shares of BOX from $37.00 to $39.00 and gave the stock an "overweight" rating in a research note on Wednesday, May 28th. DA Davidson set a $45.00 target price on shares of BOX and gave the stock a "buy" rating in a research note on Wednesday, May 28th. Finally, Raymond James reiterated an "outperform" rating and issued a $42.00 target price (up from $38.00) on shares of BOX in a research note on Wednesday, May 28th.

BOX Trading Down 0.8%

Shares of BOX stock traded down $0.30 during trading on Thursday, reaching $35.55. 1,885,540 shares of the company's stock traded hands, compared to its average volume of 1,946,935. The company has a market capitalization of $5.11 billion, a P/E ratio of 44.43, a PEG ratio of 4.42 and a beta of 0.94. The firm's 50-day moving average is $32.50 and its 200 day moving average is $32.38. BOX has a 1 year low of $24.63 and a 1 year high of $38.80.

BOX (NYSE:BOX - Get Free Report) last announced its quarterly earnings results on Tuesday, May 27th. The software maker reported $0.30 EPS for the quarter, beating analysts' consensus estimates of $0.25 by $0.05. The company had revenue of $276.27 million for the quarter, compared to analysts' expectations of $274.77 million. BOX had a net margin of 13.96% and a negative return on equity of 17.20%. BOX's revenue was up 4.4% compared to the same quarter last year. During the same period in the prior year, the company posted $0.39 EPS. As a group, sell-side analysts predict that BOX will post 0.27 earnings per share for the current fiscal year.

BOX announced that its board has authorized a stock buyback plan on Tuesday, March 4th that authorizes the company to buyback $150.00 million in outstanding shares. This buyback authorization authorizes the software maker to buy up to 3.1% of its stock through open market purchases. Stock buyback plans are generally an indication that the company's board believes its stock is undervalued.

Insider Activity

In other news, COO Olivia Nottebohm sold 1,329 shares of BOX stock in a transaction dated Tuesday, June 10th. The shares were sold at an average price of $37.43, for a total transaction of $49,744.47. Following the sale, the chief operating officer now owns 554,682 shares of the company's stock, valued at approximately $20,761,747.26. The trade was a 0.24% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Daniel J. Levin sold 37,499 shares of BOX stock in a transaction dated Thursday, May 29th. The shares were sold at an average price of $36.74, for a total transaction of $1,377,713.26. Following the sale, the director now directly owns 51,530 shares in the company, valued at $1,893,212.20. The trade was a 42.12% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 101,129 shares of company stock worth $3,459,346. 3.90% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On BOX

A number of large investors have recently modified their holdings of the stock. Quantinno Capital Management LP bought a new stake in BOX during the fourth quarter worth about $289,000. Integrated Quantitative Investments LLC bought a new stake in BOX during the fourth quarter worth about $1,418,000. Bryce Point Capital LLC purchased a new position in BOX in the fourth quarter worth about $1,620,000. Beacon Harbor Wealth Advisors Inc. purchased a new position in BOX in the fourth quarter worth about $5,997,000. Finally, GAMMA Investing LLC raised its holdings in BOX by 8,676.2% in the first quarter. GAMMA Investing LLC now owns 127,606 shares of the software maker's stock worth $4,135,000 after buying an additional 126,152 shares during the last quarter. Institutional investors own 86.74% of the company's stock.

About BOX

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.