NASDAQ:DBX Dropbox (DBX) Stock Forecast, Price & News $27.23 +0.11 (+0.41%) (As of 09/28/2023 ET) Add Compare Share Share Today's Range$26.81▼$27.4050-Day Range$25.87▼$28.3552-Week Range$18.71▼$28.68Volume1.60 million shsAverage Volume3.60 million shsMarket Capitalization$9.47 billionP/E Ratio18.28Dividend YieldN/APrice Target$29.14 ProfileProfileAnalyst RatingsChartCompetitorsEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaSustainabilityProfileAnalyst RatingsChartCompetitorsEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaSustainability Dropbox MarketRank™ ForecastAnalyst RatingHold2.25 Rating ScoreUpside/Downside7.0% Upside$29.14 Price TargetShort InterestBearish8.34% of Float Sold ShortDividend StrengthN/ASustainability-0.42Upright™ Environmental ScoreNews Sentiment1.29Based on 4 Articles This WeekInsider TradingSelling Shares$11.88 M Sold Last QuarterProj. Earnings Growth7.62%From $1.05 to $1.13 Per ShareSee Full Details Hide Full Details Overall MarketRank™MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.2.32 out of 5 starsComputer And Technology Sector274th out of 603 stocksPrepackaged Software Industry80th out of 209 stocks 2.1 Analyst's Opinion Consensus RatingDropbox has received a consensus rating of Hold. The company's average rating score is 2.25, and is based on 3 buy ratings, 4 hold ratings, and 1 sell rating.Price Target Upside/DownsideAccording to analysts' consensus price target of $29.14, Dropbox has a forecasted upside of 7.0% from its current price of $27.23.Amount of Analyst CoverageDropbox has been the subject of 7 research reports in the past 90 days, demonstrating strong analyst interest in this stock. Previous Next 1.0 Short Interest Percentage of Shares Shorted8.34% of the float of Dropbox has been sold short.Short Interest Ratio / Days to CoverDropbox has a short interest ratio ("days to cover") of 6.6.Change versus previous monthShort interest in Dropbox has recently increased by 4.14%, indicating that investor sentiment is decreasing. Previous Next 0.0 Dividend Strength Dividend YieldDropbox does not currently pay a dividend.Dividend GrowthDropbox does not have a long track record of dividend growth. Previous Next 3.2 Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreDropbox has received a 32.16% net impact score from Upright. Dropbox seems to create the most significant positive value in categories "Taxes", "Relationships", and "Knowledge infrastructure". The positive contribution in the "Relationships" impact category is driven by its "Collaboration software", "Hosted data storage services", and "File-sharing services" products. See details.Environmental SustainabilityThe Environmental Impact score for Dropbox is -0.42. Previous Next 3.5 News and Social Media Coverage News SentimentDropbox has a news sentiment score of 1.29. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.62 average news sentiment score of Computer and Technology companies.News Coverage This WeekMarketBeat has tracked 4 news articles for Dropbox this week, compared to 4 articles on an average week.Search Interest5 people have searched for DBX on MarketBeat in the last 30 days. This is an increase of 25% compared to the previous 30 days.MarketBeat Follows11 people have added Dropbox to their MarketBeat watchlist in the last 30 days. This is an increase of 267% compared to the previous 30 days. Previous Next 4.2 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Dropbox insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $11,878,345.00 in company stock.Percentage Held by Insiders25.78% of the stock of Dropbox is held by insiders. A high percentage of insider ownership can be a sign of company health.Percentage Held by Institutions70.28% of the stock of Dropbox is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 2.5 Earnings and Valuation Earnings GrowthEarnings for Dropbox are expected to grow by 7.62% in the coming year, from $1.05 to $1.13 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Dropbox is 18.28, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 124.66.Price to Earnings Ratio vs. SectorThe P/E ratio of Dropbox is 18.28, which means that it is trading at a less expensive P/E ratio than the Computer and Technology sector average P/E ratio of about 282.68.Price to Earnings Growth RatioDropbox has a PEG Ratio of 1.75. PEG Ratios above 1 indicate that a company could be overvalued. Previous Next See Top Rated MarketRank™ Stocks Here About Dropbox (NASDAQ:DBX) StockDropbox, Inc. provides a content collaboration platform worldwide. The company's platform allows individuals, families, teams, and organizations to collaborate and sign up for free through its website or app, as well as upgrade to a paid subscription plan for premium features. It serves customers in professional services, technology, media, education, industrial, consumer and retail, and financial services industries. The company was formerly known as Evenflow, Inc. and changed its name to Dropbox, Inc. in October 2009. Dropbox, Inc. was incorporated in 2007 and is headquartered in San Francisco, California.Read More DBX Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart DBX Stock News HeadlinesSeptember 21, 2023 | americanbankingnews.comDropbox, Inc. (NASDAQ:DBX) Receives Average Rating of "Hold" from BrokeragesSeptember 20, 2023 | seekingalpha.comDropbox: The Competition Is Fierce And Differentiation Is NilSeptember 29, 2023 | Tradewins (Ad)Successful Options Trading Begins With…Options trading expert Wendy Kirkland’s free guide reveals the options trading principles that are as easy to implement as they are to learn and how using them could earn you thousands in extra income each month! September 19, 2023 | americanbankingnews.comCitigroup Reaffirms "Neutral" Rating for Dropbox (NASDAQ:DBX)September 19, 2023 | americanbankingnews.comWilliam Blair Downgrades Dropbox (NASDAQ:DBX) to Market PerformSeptember 18, 2023 | in.investing.comDropbox has lackluster 2024 revenue growth prospects, NetApp cloud thesis not playing out - William BlairSeptember 18, 2023 | msn.comDropbox dips after William Blair downgrades on lack of growth catalystsSeptember 17, 2023 | finance.yahoo.comShould You Be Adding Dropbox (NASDAQ:DBX) To Your Watchlist Today?September 29, 2023 | Tradewins (Ad)Successful Options Trading Begins With…Options trading expert Wendy Kirkland’s free guide reveals the options trading principles that are as easy to implement as they are to learn and how using them could earn you thousands in extra income each month! September 13, 2023 | seekingalpha.comTop 10 AI Stocks To Kick Off The 4th QuarterSeptember 12, 2023 | techrepublic.comGlassdoor: Dropbox Ranks No. 1 for Culture and Values Among Tech CompaniesAugust 30, 2023 | msn.comDropbox Set For High Teens Returns Through AI, Remote Work, And Share BuybacksAugust 27, 2023 | msn.comThanks to crypto miners, Dropbox says ‘no more’ to unlimited storageAugust 26, 2023 | msn.comDropbox blames crypto miners and resellers for ending its unlimited cloud storage planAugust 25, 2023 | news.yahoo.comDropbox drops unlimited storage, blames crypto miners and resellers for the changeAugust 25, 2023 | msn.comDropbox kills its unlimited cloud storage option because people kept abusing itAugust 25, 2023 | msn.comDropbox Is Dropping Unlimited Storage, Blames Crypto MinersAugust 25, 2023 | msn.comDropbox limits ‘all the storage you need’ unlimited plan, thanks to abusive usersAugust 25, 2023 | msn.comIt’s no wonder Dropbox is killing off its unlimited storage planAugust 24, 2023 | news.yahoo.comDropbox ditches unlimited storage in its Advanced plan because of crypto goonsAugust 24, 2023 | msn.comFrom Unlimited to Limited, How Dropbox, Google, Apple, and Amazon Are Reshaping Cloud StorageAugust 24, 2023 | finance.yahoo.comFrom Growth-At-All-Costs to Cost of Missing Out: DocSend Pre-Seed Report Shows Investor Shift to Long-Term Profitability and Risk AversionAugust 18, 2023 | forbes.comHow The CPO Of Dropbox Creates A Thriving Remote-First CultureAugust 17, 2023 | msn.comDropbox review: Still the best at syncing and sharingAugust 14, 2023 | finance.yahoo.comThose who invested in Dropbox (NASDAQ:DBX) three years ago are up 40%August 7, 2023 | msn.comDropbox: Raising Price Target; The Runway Is LongAugust 5, 2023 | msn.comRBC Capital Maintains Dropbox Inc - (DBX) Outperform RecommendationSee More Headlines Receive DBX Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Dropbox and its competitors with MarketBeat's FREE daily newsletter. Email Address DBX Company Calendar Last Earnings8/03/2023Today9/29/2023Next Earnings (Estimated)11/02/2023Fiscal Year End12/31/2023Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNASDAQ Industry Prepackaged software Sub-IndustryN/A SectorComputer and Technology Current SymbolNASDAQ:DBX CUSIPN/A CIK1467623 Webwww.dropbox.com Phone(415) 857-6800FaxN/AEmployees3,118Year FoundedN/APrice Target and Rating Average Stock Price Forecast$29.14 High Stock Price Forecast$35.00 Low Stock Price Forecast$22.00 Forecasted Upside/Downside+7.0%Consensus RatingHold Rating Score (0-4)2.25 Research Coverage8 Analysts Profitability EPS (Most Recent Fiscal Year)$1.49 Trailing P/E Ratio18.28 Forward P/E Ratio25.93 P/E Growth1.75Net Income$553.20 million Net Margins21.61% Pretax Margin6.87% Return on Equity-79.08% Return on Assets11.30% Debt Debt-to-Equity RatioN/A Current Ratio1.17 Quick Ratio1.17 Sales & Book Value Annual Sales$2.42 billion Price / Sales3.91 Cash Flow$1.45 per share Price / Cash Flow18.76 Book Value($0.89) per share Price / Book-30.60Miscellaneous Outstanding Shares347,798,000Free Float258,136,000Market Cap$9.47 billion OptionableOptionable Beta0.89 7 AI Stocks to Invest In: An Introduction to AI Investing For Self-Directed InvestorsAs the AI market heats up, investors who have a vision for artificial intelligence have the potential to see real returns. Learn about the industry as a whole as well as seven companies that are getting work done with the power of AI.Get This Free Report Key ExecutivesMr. Andrew W. Houston (Age 40)Co-Founder, Interim Pres, CEO & Chairman Comp: $1.15MMr. Timothy J. Regan CPA (Age 45)Chief Financial Officer Comp: $794.33kMr. Bart E. Volkmer Esq. (Age 48)Chief Legal Officer Comp: $726kMr. Karan KapoorHead of Investor RelationsMs. Saman AsheerVP of CommunicationsMs. Melanie CollinsChief People OfficerMore ExecutivesKey CompetitorsPaylocityNASDAQ:PCTYCeridian HCMNYSE:CDAYNutanixNASDAQ:NTNXBILLNYSE:BILLTwilioNYSE:TWLOView All CompetitorsInsiders & InstitutionsIntrepid Capital Management Inc.Sold 9,947 shares on 9/26/2023Ownership: 0.047%Timothy ReganSold 3,000 sharesTotal: $81,270.00 ($27.09/share)Bart VolkmerSold 7,054 sharesTotal: $191,445.56 ($27.14/share)Timothy ReganSold 3,000 sharesTotal: $83,130.00 ($27.71/share)Garde Capital Inc.Bought 4,045 shares on 8/29/2023Ownership: 0.001%View All Insider TransactionsView All Institutional Transactions DBX Stock - Frequently Asked Questions Should I buy or sell Dropbox stock right now? 8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Dropbox in the last twelve months. There are currently 1 sell rating, 4 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" DBX shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in DBX, but not buy additional shares or sell existing shares. View DBX analyst ratings or view top-rated stocks. What is Dropbox's stock price forecast for 2023? 8 Wall Street research analysts have issued 12 month price objectives for Dropbox's stock. Their DBX share price forecasts range from $22.00 to $35.00. On average, they expect the company's stock price to reach $29.14 in the next twelve months. This suggests a possible upside of 7.0% from the stock's current price. View analysts price targets for DBX or view top-rated stocks among Wall Street analysts. How have DBX shares performed in 2023? Dropbox's stock was trading at $22.38 at the beginning of the year. Since then, DBX shares have increased by 21.7% and is now trading at $27.23. View the best growth stocks for 2023 here. When is Dropbox's next earnings date? The company is scheduled to release its next quarterly earnings announcement on Thursday, November 2nd 2023. View our DBX earnings forecast. How were Dropbox's earnings last quarter? Dropbox, Inc. (NASDAQ:DBX) issued its quarterly earnings results on Thursday, August, 3rd. The company reported $0.28 earnings per share for the quarter, topping analysts' consensus estimates of $0.21 by $0.07. The business had revenue of $622.50 million for the quarter, compared to analyst estimates of $613.64 million. Dropbox had a net margin of 21.61% and a negative trailing twelve-month return on equity of 79.08%. What ETFs hold Dropbox's stock? ETFs with the largest weight of Dropbox (NASDAQ:DBX) stock in their portfolio include Global X Cloud Computing ETF (CLOU), Upholdings Compound Kings ETF (KNGS), ERShares Entrepreneurs ETF (ENTR), iShares Virtual Work and Life Multisector ETF (IWFH), Direxion Moonshot Innovators ETF (MOON), Simplify Market Neutral Equity Long/Short ETF (EQLS), Wedbush ETFMG Global Cloud Technology ETF (IVES) and Simplify Volt Cloud and Cybersecurity Disruption ETF (VCLO). What guidance has Dropbox issued on next quarter's earnings? Dropbox updated its third quarter 2023 earnings guidance on Friday, August, 4th. The company provided EPS guidance of for the period. The company issued revenue guidance of $626.00 million-$629.00 million, compared to the consensus revenue estimate of $624.66 million. What other stocks do shareholders of Dropbox own? Based on aggregate information from My MarketBeat watchlists, some companies that other Dropbox investors own include NVIDIA (NVDA), Micron Technology (MU), Alibaba Group (BABA), Advanced Micro Devices (AMD), Tesla (TSLA), Netflix (NFLX), Cisco Systems (CSCO), Intel (INTC), Block (SQ) and Salesforce (CRM). When did Dropbox IPO? (DBX) raised $612 million in an IPO on Friday, March 23rd 2018. The company issued 36,000,000 shares at $16.00-$18.00 per share. Goldman Sachs, J.P. Morgan, Deutsche Bank Securities, Allen & Company and BofA Merrill Lynch served as the underwriters for the IPO and RBC Capital Markets, Jefferies, Macquarie Capital, Canaccord Genuity, JMP Securities, KeyBanc Capital Markets and Piper Jaffray were co-managers. What is Dropbox's stock symbol? Dropbox trades on the NASDAQ under the ticker symbol "DBX." How do I buy shares of Dropbox? Shares of DBX stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab. Compare Top Brokerages Here. What is Dropbox's stock price today? One share of DBX stock can currently be purchased for approximately $27.23. How much money does Dropbox make? Dropbox (NASDAQ:DBX) has a market capitalization of $9.47 billion and generates $2.42 billion in revenue each year. The company earns $553.20 million in net income (profit) each year or $1.49 on an earnings per share basis. How many employees does Dropbox have? The company employs 3,118 workers across the globe. How can I contact Dropbox? Dropbox's mailing address is 1800 OWENS STREET, SAN FRANCISCO CA, 94158. The official website for the company is www.dropbox.com. The company can be reached via phone at (415) 857-6800 or via email at ir@dropbox.com. 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