NASDAQ:DBXDropbox Stock Price, Forecast & News

Dropbox's stock was trading at $16.16 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization (WHO). Since then, DBX shares have increased by 34.1% and is now trading at $21.6650. 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) released its quarterly earnings results on Thursday, May, 7th. The company reported $0.17 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.02) by $0.19. The business earned $455 million during the quarter, compared to the consensus estimate of $451.27 million. Dropbox had a positive return on equity of 1.98% and a negative net margin of 0.33%. The business's quarterly revenue was up 18.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.10 earnings per share. View Dropbox's earnings history.

13 equities research analysts have issued twelve-month price targets for Dropbox's shares. Their forecasts range from $17.00 to $35.00. On average, they anticipate Dropbox's share price to reach $27.08 in the next year. This suggests a possible upside of 25.0% from the stock's current price. View analysts' price targets for Dropbox.

Press coverage about DBX stock has trended extremely negative recently, according to InfoTrie Sentiment Analysis. The research firm identifies negative and positive news coverage by reviewing more than six thousand blog and news sources. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Dropbox earned a media sentiment score of -4.5 on InfoTrie's scale. They also assigned news stories about the company a news buzz of 10.0 out of 10, indicating that recent news coverage is extremely likely to have an impact on the company's share price in the near future. View the latest news aboutDropbox.

Some companies that are related to Dropbox include Square (SQ), Electronic Arts (EA), Veeva Systems (VEEV), Splunk (SPLK), Twilio (TWLO), Synopsys (SNPS), Docusign (DOCU), Cadence Design Systems (CDNS), Okta (OKTA), ANSYS (ANSS), Atlassian (TEAM), Datadog (DDOG), Citrix Systems (CTXS), Crowdstrike (CRWD) and TAKE-TWO INTERACTIVE SOFTWARE (TTWO). 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 BlackRock Inc. (2.86%), First Trust Advisors LP (1.45%), Pictet Asset Management Ltd. (1.44%), State Street Corp (1.12%), Victory Capital Management Inc. (0.82%) and Victory Capital Management Inc. (0.82%). Company insiders that own Dropbox stock include Ajay Vashee, Andrew Houston, Arash Ferdowsi, Bart Volkmer, Condoleezza Rice, Dennis Woodside, Donald W Blair, 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 BlackRock Inc., SALESFORCE.COM Inc., Wells Fargo & Company MN, Prudential PLC, AQR Capital Management LLC, Deutsche Bank AG, First Trust Advisors LP, and BNP Paribas Arbitrage SA. Company insiders that have sold Dropbox company stock in the last year include Ajay Vashee, Arash Ferdowsi, Bart Volkmer, Condoleezza Rice, Donald W Blair, Quentin Clark, Robert J Mylod Jr, Timothy Regan, and Yamini Rangan. View insider buying and selling activity for Dropbox.

DBX stock was purchased by a variety of institutional investors in the last quarter, including Pictet Asset Management Ltd., Two Sigma Advisers LP, Diker Management LLC, Eaton Vance Management, Nuveen Asset Management LLC, JPMorgan Chase & Co., Bogle Investment Management L P DE, and AXA. 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 $21.67.

Dropbox has a market capitalization of $8.95 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]