NASDAQ:DBX - Dropbox Stock Price, Price Target & More

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

Dropbox Inc (NASDAQ:DBX) posted its quarterly earnings results on Thursday, May, 10th. The company reported $0.08 EPS for the quarter, topping the consensus estimate of $0.05 by $0.03. The business had revenue of $316.30 million for the quarter, compared to analysts' expectations of $309.23 million. The company's revenue was up 27.6% compared to the same quarter last year. During the same period last year, the business posted $0.02 earnings per share. View Dropbox's Earnings History.

Dropbox is scheduled to release their next quarterly earnings announcement on Thursday, August, 9th 2018. View Earnings Estimates for Dropbox.

13 brokerages have issued 12 month target prices for Dropbox's shares. Their predictions range from $21.00 to $40.00. On average, they expect Dropbox's stock price to reach $33.4615 in the next twelve months. This suggests a possible upside of 7.9% from the stock's current price. View Analyst Ratings for Dropbox.

13 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Dropbox in the last year. There are currently 1 sell rating, 4 hold ratings and 8 buy ratings for the stock, resulting in a consensus recommendation of "Buy."

Dropbox saw a increase in short interest in June. As of June 29th, there was short interest totalling 8,902,497 shares, an increase of 76.9% from the June 15th total of 5,032,866 shares. Based on an average daily trading volume, of 8,792,609 shares, the days-to-cover ratio is presently 1.0 days. Approximately 18.2% of the shares of the stock are short sold. View Dropbox's Current Options Chain.

Some companies that are related to Dropbox include Electronic Arts (EA), Dassault Systemes (DASTY), ServiceNow (NOW), Autodesk (ADSK), Square (SQ), CA (CA), Check Point Software Technologies (CHKP), Shopify (SHOP), Splunk (SPLK), ANSYS (ANSS), Citrix Systems (CTXS), TAKE-TWO INTERACTIVE SOFTWARE, INC Common Stock (TTWO), Mobileye (MBBYF), Synopsys (SNPS) and UBISOFT Entmt S/ADR (UBSFY).

(DBX) raised $612 million in an initial public offering (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 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's lock-up period expires on Wednesday, September 19th. Dropbox had issued 36,000,000 shares in its public offering on March 23rd. The total size of the offering was $756,000,000 based on an initial share price of $21.00. Shares of the company owned by major shareholders and company insiders will be eligible for trade following the end of the lock-up period.

Headlines about DBX stock have trended somewhat positive this week, according to Accern Sentiment. Accern identifies negative and positive media coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Dropbox earned a news impact score of 0.15 on Accern's scale. They also assigned media stories about the company an impact score of 45.89 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company's share price in the next several days.

Dropbox's stock is owned by a variety of of institutional and retail investors. Top institutional investors include Westpac Banking Corp (0.01%) and Cornerstone Wealth Management LLC (0.00%). View Institutional Ownership Trends for Dropbox.

DBX stock was acquired by a variety of institutional investors in the last quarter, including Westpac Banking Corp and Cornerstone Wealth Management LLC. View Insider Buying and Selling 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, Scottrade, Fidelity and Charles Schwab.

One share of DBX stock can currently be purchased for approximately $31.00.

Dropbox has a market capitalization of $12.15 billion and generates $1.11 billion in revenue each year. Dropbox employs 1,858 workers across the globe.

Dropbox's mailing address is 333 BRANNAN STREET, SAN FRANCISCO CA, 94107. The company can be reached via phone at 415-857-6800.