NASDAQ:DBXDropbox Stock Price, Forecast & News

Dropbox's stock was trading at $16.16 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization. Since then, DBX stock has increased by 28.0% and is now trading at $20.69.
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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) posted its earnings results on Thursday, August, 6th. The company reported $0.22 earnings per share (EPS) for the quarter, beating the Thomson Reuters' consensus estimate of $0.17 by $0.05. The business had revenue of $467.40 million for the quarter, compared to the consensus estimate of $465.41 million. Dropbox had a net margin of 1.85% and a return on equity of 9.38%. The company's revenue was up 16.4% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.10 earnings per share.
View Dropbox's earnings history.

13 Wall Street analysts have issued 12 month price objectives for Dropbox's shares. Their forecasts range from $22.00 to $35.00. On average, they anticipate Dropbox's stock price to reach $27.83 in the next year. This suggests a possible upside of 34.5% from the stock's current price.
View analysts' price targets for Dropbox.

Media coverage about DBX stock has trended very negative on Sunday, according to InfoTrie. InfoTrie identifies positive and negative press coverage by analyzing more than six thousand news and blog sources. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores closest to five being the most favorable. Dropbox earned a coverage optimism score of -3.4 on InfoTrie's scale. They also gave press coverage about the company a news buzz of 0.0 out of 10, indicating that recent press coverage is extremely unlikely to have an impact on the stock's share price in the next several days.
View the latest news about Dropbox.

Some companies that are related to Dropbox include Splunk (SPLK), Cadence Design Systems (CDNS), Synopsys (SNPS), ANSYS (ANSS), Okta (OKTA), Datadog (DDOG), Atlassian (TEAM), Crowdstrike (CRWD), TAKE-TWO INTERACTIVE SOFTWARE (TTWO), Coupa Software (COUP), Check Point Software Technologies (CHKP), Citrix Systems (CTXS), Paycom Software (PAYC), SS&C Technologies (SSNC) and Tyler Technologies (TYL).
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Based on aggregate information from My MarketBeat watchlists, some companies that other Dropbox investors own include Alibaba Group (BABA), NVIDIA (NVDA), Micron Technology (MU), Advanced Micro Devices (AMD), Netflix (NFLX), Walt Disney (DIS), Square (SQ), salesforce.com (CRM), Cisco Systems (CSCO) and Tesla (TSLA).

(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 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.

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

Dropbox's stock is owned by a variety of retail and institutional investors. Top institutional investors include First Trust Advisors LP (1.88%), Victory Capital Management Inc. (0.65%), Ardevora Asset Management LLP (0.51%), Greenhouse Funds LLLP (0.29%), Sumitomo Mitsui Trust Holdings Inc. (0.29%) and Russell Investments Group Ltd. (0.24%). 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 Victory Capital Management Inc., Prudential PLC, SCP Investment LP, Smith Asset Management Group LP, Sycomore Asset Management, Hershey Trust Co., Zurcher Kantonalbank Zurich Cantonalbank, and Mackay Shields LLC. Company insiders that have sold Dropbox company stock in the last year include Ajay Vashee, Arash Ferdowsi, Bart Volkmer, Condoleezza Rice, Donald W Blair, Lisa M Campbell, Quentin Clark, and Timothy Regan.
View insider buying and selling activity for Dropbox.

DBX stock was acquired by a variety of institutional investors in the last quarter, including Ardevora Asset Management LLP, First Trust Advisors LP, Greenhouse Funds LLLP, Sumitomo Mitsui Trust Holdings Inc., Robeco Institutional Asset Management B.V., Raymond James Financial Services Advisors Inc., WINTON GROUP Ltd, and Prentiss Smith & Co. Inc..
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 $20.69.

Dropbox has a market capitalization of $8.55 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]