Royal Bank of Canada Maintains 'Underperform' Stance on BOX Inc.

The Royal Bank of Canada (RBC) has affirmed its 'underperform' rating on the cloud content management company BOX (NYSE:BOX), with a target price set at $21.00. This rating was reiterated in a publicized research note, which may spur investors to consider the potential implications for the company's stock.

Analyst Opinions on BOX

Alongside RBC's assessment, BOX has been under review by several other research analysts. UBS Group initiated coverage on the company, conferring a 'buy' rating and a target price of $36.00. Meanwhile, JPMorgan Chase & Co. adjusted their price target from $31.00 to $32.00, bestowing an 'overweight' rating on the shares.

Not all analysts are as bullish, however, with Raymond James reducing their target from $33.00 to $30.00 while still maintaining an 'outperform' rating, and Citigroup raising their price but affirming a 'buy' rating. In contrast, Morgan Stanley scaled back its target price from $35.00 to $32.00, though it also maintained an 'overweight' rating on the stock.

Amidst these varied perspectives, MarketBeat's aggregative data indicates that BOX currently has a consensus rating of 'Moderate Buy' and an average price target of $30.89.

BOX's Market Performance

The traded price of BOX shares began at $29.61 on the report's Wednesday release, with the company boasting a market capitalization of $4.25 billion. The stock is trading at a price-to-earnings (P/E) ratio of 148.03, with a P/E/G ratio of 6.78 and a beta of 0.83. BOX has been averaging a 50-day moving price of $26.05 and a 200-day of $25.80, with its 1-year low and high at $23.29 and $31.94 respectively.

BOX's most recent quarterly earnings matched analyst expectations at $0.02 earnings per share. Their reports show a 4.6% revenue increase year-over-year, a net margin of 4.88%, but a negative return on equity of 5.68%. For the current fiscal year, expectations forecast a $0.05 EPS for BOX.

Corporate Insider Transactions

There have been notable stock transactions by BOX insiders. Eli Berkovitch, VP of BOX, sold 7,750 shares, while CEO Aaron Levie offloaded 10,000 shares. Detailed reports on these insider activities are filed with the Securities & Exchange Commission and are publicly accessible.

Insiders have sold a total of 56,750 shares valued at approximately $1,427,645 within the last quarter, with insiders owning about 4.90% of BOX's stock.

Hedge Funds and BOX

Recent adjustments by institutional investors in BOX's shares outline the changing landscape. Some have bought new positions while others have increased their stakes. Notably, institutional investors and hedge funds currently own about 87.90% of BOX stock.

About BOX Inc.

BOX provides a cloud-based content management platform. The service empowers organizations to manage, share, and secure content across various devices, enabling both internal collaboration and external partnerships. The platform stands designed to accommodate compliance with various legal, regulatory, and industry requirements.

RBC, Underperform, BOX