Dropbox (DBX) Stock Price, News & Analysis

Company Overview

Dropbox, Inc. provides a content collaboration platform worldwide. The company's platform allows individuals, families, teams, and organizations to collaborate and sign up for free through its website or app, as well as upgrade to a paid subscription plan for premium features. It serves customers in professional services, technology, media, education, industrial, consumer and retail, and financial services industries. The company was formerly known as Evenflow, Inc. and changed its name to Dropbox, Inc. in October 2009. Dropbox, Inc. was incorporated in 2007 and is headquartered in San Francisco, California.

Key Stats

• Today's Range: $26.91 to $27.67
• 50-Day Range: $24.27 to $28.17
• 52-Week Range: $20.68 to $33.43
• Volume: 2.42 million shs
• Average Volume: 3.67 million shs
• Market Capitalization: $8.56 billion
• P/E Ratio: 15.98
• Dividend Yield: N/A
• Price Target: $28.67
• Consensus Rating: Hold

Dropbox Stock Analysis - MarketRank™

Dropbox scored higher than 75% of companies evaluated by MarketBeat, and ranked 247th out of 650 stocks in the computer and technology sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 1.0 / 5
• Analyst Rating: Hold

Consensus Rating

Dropbox has received a consensus rating of Hold. The company's average rating score is 2.00, and is based on 2 buy ratings, 3 hold ratings, and 2 sell ratings.

Amount of Analyst Coverage

Dropbox has received no research coverage in the past 90 days.

Earnings and Valuation

• Score: 2.5 / 5
• Proj. Earnings Growth: 10.07%

Earnings Growth

Earnings for Dropbox are expected to grow by 10.07% in the coming year, from $1.49 to $1.64 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Dropbox is 15.98, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 125.60.

Price to Earnings Ratio vs. Sector

The P/E ratio of Dropbox is 15.98, which means that it is trading at a less expensive P/E ratio than the Computer and Technology sector average P/E ratio of about 241.66.

Price to Earnings Growth Ratio

Dropbox has a PEG Ratio of 1.49. PEG Ratios above 1 indicate that a company could be overvalued.

Short Interest

• Score: 2.0 / 5
• Short Interest Level: Bearish

Percentage of Shares Shorted

6.41% of the float of Dropbox has been sold short.

Short Interest Ratio / Days to Cover

Dropbox has a short interest ratio ("days to cover") of 5.1.

Change versus previous month

Short interest in Dropbox has recently decreased by 0.40%, indicating that investor sentiment is improving.

Dividend

• Score: 0.0 / 5
• Dividend Strength: N/A

Dividend Yield

Dropbox does not currently pay a dividend.

Dividend Growth

Dropbox does not have a long track record of dividend growth.

Sustainability and ESG

• Score: 3.2 / 5
• Environmental Score: -0.42

Percentage of Shares Shorted

6.41% of the float of Dropbox has been sold short.

Short Interest Ratio / Days to Cover

Dropbox has a short interest ratio ("days to cover") of 5.1.

Change versus previous month

Short interest in Dropbox has recently decreased by 0.40%, indicating that investor sentiment is improving.

News and Social Media

• Score: 2.5 / 5
• News Sentiment: 0.53

News Sentiment

Dropbox has a news sentiment score of 0.53. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This news sentiment score is similar to the average news sentiment of Computer and Technology companies.

News Coverage This Week

MarketBeat has tracked 7 news articles for Dropbox this week, compared to 8 articles on an average week.

Search Interest

12 people have searched for DBX on MarketBeat in the last 30 days. This is an increase of 71% compared to the previous 30 days.

MarketBeat Follows

8 people have added Dropbox to their MarketBeat watchlist in the last 30 days. This is an increase of 100% compared to the previous 30 days.

Company Ownership

• Score: 4.2 / 5
• Insider Trading: Selling Shares

Insider Buying vs. Insider Selling

In the past three months, Dropbox insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $11,673,797.00 in company stock.

Percentage Held by Insiders

26.40% of the stock of Dropbox is held by insiders. A high percentage of insider ownership can be a sign of company health.

Percentage Held by Institutions

94.84% of the stock of Dropbox is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

DBX Stock Analysis - Frequently Asked Questions

How have DBX shares performed this year?

Dropbox's stock was trading at $29.48 at the start of the year. Since then, DBX stock has decreased by 6.2% and is now trading at $27.64.
View the best growth stocks for 2024 here.

How were Dropbox's earnings last quarter?

Dropbox, Inc. (NASDAQ:DBX) released its earnings results on Thursday, August, 8th. The company reported $0.60 EPS for the quarter, beating analysts' consensus estimates of $0.52 by $0.08. The firm's quarterly revenue was up 1.9% on a year-over-year basis.

When did Dropbox IPO?

Dropbox (DBX) raised $612 million in an initial public offering 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 served 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.

Who are Dropbox's major shareholders?

Dropbox's top institutional shareholders include Pacer Advisors Inc. (2.39%), Jacobs Levy Equity Management Inc. (1.92%), Geode Capital Management LLC (1.34%) and Charles Schwab Investment Management Inc. (0.86%). Insiders that own company stock include Andrew Houston, Timothy H Young, Timothy Regan, Bart Volkmer, Eric Cox and Karen Peacock.
View institutional ownership trends.

How do I buy shares of Dropbox?

Shares of DBX stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of Dropbox own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Dropbox investors own include NVIDIA (NVDA), Meta Platforms (META), Advanced Micro Devices (AMD), Salesforce (CRM), Broadcom (AVGO), Adobe (ADBE) and CrowdStrike (CRWD).

Company Calendar

• Last Earnings: 8/08/2024
• Today: 11/21/2024
• Fiscal Year End: 12/31/2024
• Next Earnings (Estimated): 2/20/2025

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Computer and Technology
• Industry: Prepackaged software
• Sub-Industry: Computer Software
• Current Symbol: NASDAQ:DBX
• CUSIP: N/A
• CIK: 1467623
• Web: www.dropbox.com
• Phone: (415) 857-6800
• Fax: N/A
• Employees: 2,693
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: $28.67
• High Stock Price Target: $37.00
• Low Stock Price Target: $24.00
• Potential Upside/Downside: +3.9%
• Consensus Rating: Hold
• Rating Score (0-4): 2.00
• Research Coverage: 7 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $1.73
• Trailing P/E Ratio: 15.95
• Forward P/E Ratio: 18.52
• P/E Growth: 1.49
• Net Income: $453.60 million
• Net Margins: 22.71%
• Pretax Margin: 27.16%
• Return on Equity: -135.85%
• Return on Assets: 16.68%

Debt

• Debt-to-Equity Ratio: N/A
• Current Ratio: 0.87
• Quick Ratio: 0.87

Sales & Book Value

• Annual Sales: $2.50 billion
• Price / Sales: 3.42
• Cash Flow: $1.85 per share
• Price / Cash Flow: 14.91
• Book Value: ($1.76) per share
• Price / Book: -15.68

Miscellaneous

• Outstanding Shares: 309,730,000
• Free Float: 227,961,000
• Market Cap: $8.55 billion
• Optionable: Optionable
• Beta: 0.61