DA Davidson Has Bullish Estimate for BOX FY2027 Earnings

Box, Inc. (NYSE:BOX) – Analysts at DA Davidson boosted their FY2027 earnings estimates for shares of BOX in a research report issued on Wednesday, March 19th. DA Davidson analyst L. Schreiner now anticipates that the software maker will post earnings per share of ($0.33) for the year, up from their prior estimate of ($0.34). DA Davidson has a “Buy” rating and a $45.00 price target on the stock. The consensus estimate for BOX’s current full-year earnings is $0.27 per share.

A number of other research firms also recently commented on BOX. Morgan Stanley increased their price objective on shares of BOX from $33.00 to $36.00 and gave the company an “equal weight” rating in a report on Wednesday, December 4th. Bank of America assumed coverage on BOX in a report on Thursday, December 12th. They issued a “buy” rating and a $40.00 target price for the company. JPMorgan Chase & Co. cut their price objective on shares of BOX from $38.00 to $37.00 and set an “overweight” rating for the company in a research report on Wednesday, March 5th. UBS Group increased their target price on BOX from $34.00 to $42.00 and gave the stock a “buy” rating in a research note on Wednesday, December 4th. Finally, Citigroup lifted their target price on BOX from $34.00 to $40.00 and gave the company a “buy” rating in a research report on Wednesday, December 4th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $37.11.

BOX Stock Down 1.9 %

Shares of NYSE BOX opened at $30.24 on Friday. BOX has a 52-week low of $24.63 and a 52-week high of $35.74. The company’s 50-day simple moving average is $32.74 and its 200-day simple moving average is $32.72. The firm has a market cap of $4.35 billion, a price-to-earnings ratio of 37.81, a price-to-earnings-growth ratio of 4.42 and a beta of 1.00.

BOX declared that its Board of Directors has authorized a stock repurchase plan on Tuesday, March 4th that permits the company to repurchase $150.00 million in shares. This repurchase authorization permits the software maker to buy up to 3.1% of its shares through open market purchases. Shares repurchase plans are often a sign that the company’s management believes its stock is undervalued.

Insider Buying and Selling at BOX

In related news, VP Eli Berkovitch sold 4,791 shares of the firm’s stock in a transaction dated Friday, January 10th. The shares were sold at an average price of $31.06, for a total value of $148,808.46. Following the completion of the sale, the vice president now owns 132,741 shares in the company, valued at $4,122,935.46. This trade represents a 3.48 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, COO Olivia Nottebohm sold 12,414 shares of the business’s stock in a transaction that occurred on Thursday, December 26th. The stock was sold at an average price of $31.85, for a total value of $395,385.90. Following the transaction, the chief operating officer now owns 453,146 shares in the company, valued at $14,432,700.10. The trade was a 2.67 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 78,363 shares of company stock worth $2,533,374. 4.10% of the stock is owned by insiders.

Hedge Funds Weigh In On BOX

A number of large investors have recently made changes to their positions in BOX. Itau Unibanco Holding S.A. purchased a new stake in BOX during the third quarter worth $36,000. Smartleaf Asset Management LLC increased its stake in shares of BOX by 715.8% during the 4th quarter. Smartleaf Asset Management LLC now owns 2,162 shares of the software maker’s stock worth $69,000 after purchasing an additional 1,897 shares in the last quarter. TD Waterhouse Canada Inc. lifted its stake in BOX by 42.4% in the 4th quarter. TD Waterhouse Canada Inc. now owns 2,194 shares of the software maker’s stock valued at $69,000 after buying an additional 653 shares in the last quarter. Farther Finance Advisors LLC lifted its position in shares of BOX by 19.3% in the fourth quarter. Farther Finance Advisors LLC now owns 2,579 shares of the software maker’s stock valued at $81,000 after acquiring an additional 417 shares in the last quarter. Finally, SBI Securities Co. Ltd. acquired a new stake in shares of BOX during the fourth quarter valued at $132,000. Hedge funds and other institutional investors own 86.74% of the company’s stock.

About BOX

Box, Inc engages in the provision of an enterprise content platform that enables organizations to securely manage enterprise content while allowing easy, secure access and sharing of this content from anywhere, on any device. Its products include cloud content management, IT and admin controls, Box Governance, Box Zones, Box Relay, Box Shuttle, and Box KeySafe.