What is DA Davidson's Forecast for BOX FY2027 Earnings?

Box, Inc. (NYSE:BOX - Free Report) - Research analysts at DA Davidson raised their FY2027 earnings estimates for shares of BOX in a research note issued on Wednesday, March 19th. DA Davidson analyst L. Schreiner now forecasts that the software maker will post earnings per share of ($0.33) for the year, up from their prior forecast 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.

BOX has been the topic of several other reports. Bank of America began coverage on shares of BOX in a research note on Thursday, December 12th. They issued a "buy" rating and a $40.00 target price on the stock. Morgan Stanley boosted their price target on BOX from $33.00 to $36.00 and gave the company an "equal weight" rating in a report on Wednesday, December 4th. JPMorgan Chase & Co. dropped their price objective on BOX from $38.00 to $37.00 and set an "overweight" rating for the company in a report on Wednesday, March 5th. Raymond James reiterated an "outperform" rating and issued a $38.00 price objective (down from $40.00) on shares of BOX in a research report on Wednesday, March 5th. Finally, Citigroup upped their target price on BOX from $34.00 to $40.00 and gave the company a "buy" rating in a report on Wednesday, December 4th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $37.11.

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BOX Stock Performance

BOX traded up $0.28 on Friday, hitting $30.65. 452,491 shares of the company were exchanged, compared to its average volume of 1,652,566. The firm has a fifty day simple moving average of $32.73 and a two-hundred day simple moving average of $32.71. The stock has a market capitalization of $4.41 billion, a PE ratio of 38.31, a price-to-earnings-growth ratio of 4.42 and a beta of 1.00. BOX has a 12 month low of $24.63 and a 12 month high of $35.74.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of BOX. Itau Unibanco Holding S.A. bought a new stake in shares of BOX during the third quarter valued at approximately $36,000. Smartleaf Asset Management LLC boosted its stake in BOX by 715.8% during the 4th quarter. Smartleaf Asset Management LLC now owns 2,162 shares of the software maker's stock valued at $69,000 after purchasing an additional 1,897 shares during the last quarter. TD Waterhouse Canada Inc. increased its holdings in shares of BOX by 42.4% in the 4th quarter. TD Waterhouse Canada Inc. now owns 2,194 shares of the software maker's stock worth $69,000 after purchasing an additional 653 shares in the last quarter. Farther Finance Advisors LLC raised its stake 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 worth $81,000 after purchasing an additional 417 shares during the last quarter. Finally, SBI Securities Co. Ltd. bought a new position in shares of BOX during the fourth quarter valued at $132,000. 86.74% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other BOX news, COO Olivia Nottebohm sold 6,079 shares of BOX stock in a transaction on Monday, February 10th. The stock was sold at an average price of $34.42, for a total transaction of $209,239.18. Following the completion of the transaction, the chief operating officer now owns 440,988 shares in the company, valued at approximately $15,178,806.96. The trade was a 1.36 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Aaron Levie sold 10,000 shares of the stock in a transaction on Monday, March 10th. The stock was sold at an average price of $32.08, for a total value of $320,800.00. Following the completion of the sale, the chief executive officer now directly owns 2,979,780 shares in the company, valued at approximately $95,591,342.40. This represents a 0.33 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 78,363 shares of company stock worth $2,533,374. Insiders own 4.10% of the company's stock.

BOX announced that its board has approved a stock repurchase program on Tuesday, March 4th that allows the company to repurchase $150.00 million in shares. This repurchase authorization allows the software maker to purchase up to 3.1% of its stock through open market purchases. Stock repurchase programs are often a sign that the company's board believes its shares are undervalued.

BOX Company Profile

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.