NASDAQ:DBXDropbox Stock Price, Forecast & News

Dropbox's stock was trading at $16.16 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization. Since then, DBX stock has increased by 20.7% and is now trading at $19.50.
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13 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Dropbox in the last year. There are currently 1 sell rating, 2 hold ratings and 10 buy ratings for the stock, resulting in a consensus recommendation of "Buy."
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Dropbox is scheduled to release its next quarterly earnings announcement on Thursday, November 5th 2020.
View our earnings forecast for Dropbox.

Dropbox Inc (NASDAQ:DBX) announced its quarterly earnings results on Thursday, August, 6th. The company reported $0.22 earnings per share for the quarter, beating analysts' consensus estimates of $0.17 by $0.05. The company earned $467.40 million during the quarter, compared to analysts' expectations of $465.41 million. Dropbox had a net margin of 1.85% and a return on equity of 9.38%. The business's revenue was up 16.4% compared to the same quarter last year. During the same period in the prior year, the business posted $0.10 EPS.
View Dropbox's earnings history.

13 analysts have issued 12-month price targets for Dropbox's stock. Their forecasts range from $22.00 to $35.00. On average, they expect Dropbox's stock price to reach $27.64 in the next year. This suggests a possible upside of 41.7% from the stock's current price.
View analysts' price targets for Dropbox.

Headlines about DBX stock have been trending neutral on Saturday, InfoTrie Sentiment reports. The research firm identifies negative and positive press coverage by monitoring more than six thousand blog and news sources in real time. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores closest to five being the most favorable. Dropbox earned a media sentiment score of 0.2 on InfoTrie's scale. They also assigned media coverage about the company a news buzz of 0.0 out of 10, meaning that recent press coverage is extremely unlikely to have an impact on the company's share price in the immediate future.
View the latest news about Dropbox.

Dropbox saw a drop in short interest during the month of June. As of June 15th, there was short interest totaling 13,470,000 shares, a drop of 26.9% from the May 31st total of 18,430,000 shares. Based on an average trading volume of 6,290,000 shares, the short-interest ratio is presently 2.1 days.
View Dropbox's Short Interest.

Some companies that are related to Dropbox include Splunk (SPLK), Cadence Design Systems (CDNS), Synopsys (SNPS), ANSYS (ANSS), Okta (OKTA), Datadog (DDOG), Crowdstrike (CRWD), Atlassian (TEAM), TAKE-TWO INTERACTIVE SOFTWARE (TTWO), Coupa Software (COUP), Check Point Software Technologies (CHKP), Paycom Software (PAYC), Citrix Systems (CTXS), SS&C Technologies (SSNC) and Symantec (SYMC).
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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), Netflix (NFLX), Cisco Systems (CSCO), Square (SQ), salesforce.com (CRM), Walt Disney (DIS) and Intel (INTC).

(DBX) raised $612 million in an initial public offering (IPO) on Friday, March 23rd 2018. The company issued 36,000,000 shares at a price of $16.00-$18.00 per share. Goldman Sachs, J.P. Morgan, Deutsche Bank Securities, Allen & Company and BofA Merrill Lynch acted 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.

Dropbox trades on the NASDAQ under the ticker symbol "DBX."

Dropbox's stock is owned by many different institutional and retail investors. Top institutional investors include Vanguard Group Inc. (5.75%), First Trust Advisors LP (1.88%), Epoch Investment Partners Inc. (0.83%), Victory Capital Management Inc. (0.65%), Ardevora Asset Management LLP (0.51%) and Goldman Sachs Group Inc. (0.48%). Company insiders that own Dropbox stock include Ajay Vashee, Andrew Houston, Arash Ferdowsi, Bart Volkmer, Condoleezza Rice, Dennis Woodside, Donald W Blair, Lisa M Campbell, Quentin Clark, Robert J Mylod Jr, Timothy Regan and Yamini Rangan.
View institutional ownership trends for Dropbox.

DBX stock was sold by a variety of institutional investors in the last quarter, including Marshall Wace LLP, No Street GP LP, Victory Capital Management Inc., Marshall Wace North America L.P., Prudential PLC, Man Group plc, SCP Investment LP, and Smith Asset Management Group LP. Company insiders that have sold Dropbox company stock in the last year include Ajay Vashee, Arash Ferdowsi, Bart Volkmer, Donald W Blair, Lisa M Campbell, Quentin Clark, and Timothy Regan.
View insider buying and selling activity for Dropbox.

DBX stock was purchased by a variety of institutional investors in the last quarter, including Vanguard Group Inc., Ardevora Asset Management LLP, First Trust Advisors LP, Nordea Investment Management AB, Bank of Nova Scotia, FIL Ltd, Greenhouse Funds LLLP, and Point72 Asset Management L.P..
View insider buying and selling activity for Dropbox.

Shares of DBX can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

One share of DBX stock can currently be purchased for approximately $19.50.

Dropbox has a market capitalization of $8.06 billion and generates $1.66 billion in revenue each year. Dropbox employs 2,801 workers across the globe.

The official website for Dropbox is www.dropbox.com.

Dropbox's mailing address is 1800 OWENS STREET, SAN FRANCISCO CA, 94158. The company can be reached via phone at 415-857-6800 or via email at [email protected]