NASDAQ:DBXDropbox Stock Price, Forecast & News

Dropbox's stock was trading at $16.16 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization (WHO). Since then, DBX shares have increased by 36.8% and is now trading at $22.11. View which stocks have been most impacted by Coronavirus.

13 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Dropbox in the last year. There are currently 2 sell ratings, 1 hold rating and 10 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for Dropbox.

Dropbox is scheduled to release its next quarterly earnings announcement on Thursday, August 13th 2020. View our earnings forecast for Dropbox.

Dropbox Inc (NASDAQ:DBX) issued its quarterly earnings results on Thursday, May, 7th. The company reported $0.17 earnings per share (EPS) for the quarter, topping the Zacks' consensus estimate of ($0.02) by $0.19. The company had revenue of $455 million for the quarter, compared to analyst estimates of $451.27 million. Dropbox had a negative net margin of 0.33% and a positive return on equity of 1.98%. The business's revenue was up 18.0% compared to the same quarter last year. During the same quarter last year, the firm posted $0.10 EPS. View Dropbox's earnings history.

13 brokerages have issued 12 month target prices for Dropbox's stock. Their forecasts range from $19.00 to $35.00. On average, they expect Dropbox's stock price to reach $27.50 in the next twelve months. This suggests a possible upside of 24.4% from the stock's current price. View analysts' price targets for Dropbox.

Press coverage about DBX stock has been trending very negative on Monday, InfoTrie reports. The research group identifies positive and negative news coverage by monitoring more than six thousand news and blog sources in real-time. The firm ranks coverage of public companies on a scale of negative five to five, with scores nearest to five being the most favorable. Dropbox earned a coverage optimism score of -3.2 on InfoTrie's scale. They also gave media coverage about the company a news buzz of 0.0 out of 10, meaning that recent news coverage is extremely unlikely to have an impact on the company's share price in the next several days. View the latest news about Dropbox.

Some companies that are related to Dropbox include Twilio (TWLO), Splunk (SPLK), Synopsys (SNPS), Datadog (DDOG), Cadence Design Systems (CDNS), Okta (OKTA), ANSYS (ANSS), Crowdstrike (CRWD), Atlassian (TEAM), Coupa Software (COUP), Citrix Systems (CTXS), Paycom Software (PAYC), TAKE-TWO INTERACTIVE SOFTWARE (TTWO), Check Point Software Technologies (CHKP) and Tableau Software (DATA). View all competitors.

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 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 shareholders include Envestnet Asset Management Inc. (0.06%), Exane Derivatives (0.00%) and Joseph P. Lucia & Associates LLC (0.00%). 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 Exane Derivatives. 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 bought by a variety of institutional investors in the last quarter, including Envestnet Asset Management Inc., and Joseph P. Lucia & Associates LLC. 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 $22.11.

Dropbox has a market capitalization of $9.14 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]