Dropbox (DBX) Minimize to Maintain at Zacks Funding Analysis

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Dropbox (NASDAQ:DBX) was downgraded by Zacks Funding Analysis from a “purchase” ranking to a “maintain” ranking in a analysis observe issued to buyers on Friday, Zacks.com reviews.

In response to Zacks, “Dropbox, Inc. is a service firm. It affords a platform which allows customers to retailer and share recordsdata, images, movies, songs and spreadsheets. Dropbox, Inc. is headquartered in San Francisco, California. “

DBX has been the subject of a number of different reviews. Financial institution of America upgraded Dropbox from a “impartial” ranking to a “purchase” ranking and set a $33.00 value goal on the inventory in a report on Friday, February 22nd. Jefferies Monetary Group decreased their value goal on Dropbox to $32.00 in a report on Friday, February 22nd. Lastly, ValuEngine downgraded Dropbox from a “purchase” ranking to a “maintain” ranking in a report on Monday, February 4th. 4 analysis analysts have rated the inventory with a maintain ranking and 7 have assigned a purchase ranking to the corporate’s inventory. The corporate has a consensus ranking of “Purchase” and a consensus value goal of $31.75.

Shares of NASDAQ DBX traded up $0.70 throughout noon buying and selling on Friday, hitting $24.35. The corporate’s inventory had a buying and selling quantity of 18,864,398 shares, in comparison with its common quantity of two,951,580. The corporate has a debt-to-equity ratio of 0.13, a fast ratio of 1.45 and a present ratio of 1.45. Dropbox has a 12-month low of $18.50 and a 12-month excessive of $43.50. The corporate has a market cap of $9.79 billion and a price-to-earnings ratio of -18.59.

Dropbox (NASDAQ:DBX) final issued its quarterly earnings outcomes on Thursday, February 21st. The corporate reported ($0.02) earnings per share for the quarter, topping the consensus estimate of ($0.05) by $0.03. Dropbox had a detrimental return on fairness of 77.19% and a detrimental internet margin of 34.84%. The agency had income of $375.90 million for the quarter, in comparison with the consensus estimate of $369.64 million. Promote-side analysts predict that Dropbox will publish -0.14 earnings per share for the present yr.

In different Dropbox information, Common Counsel Bart Volkmer offered 9,968 shares of the inventory in a transaction on Thursday, February 28th. The inventory was offered at a mean value of $23.99, for a complete transaction of $239,132.32. The sale was disclosed in a authorized submitting with the SEC, which is accessible via the SEC web site. Additionally, insider Yamini Rangan offered 5,633 shares of the inventory in a transaction on Wednesday, February 20th. The shares have been offered at a mean value of $26.00, for a complete worth of $146,458.00. The disclosure for this sale may be discovered right here. Insiders have offered a complete of 77,980 shares of firm inventory price $1,778,925 within the final ninety days.

A lot of hedge funds and different institutional buyers have not too long ago made modifications to their positions within the enterprise. Quantamental Applied sciences LLC acquired a brand new stake in shares of Dropbox within the 4th quarter price $33,000. Pearl River Capital LLC acquired a brand new stake in shares of Dropbox within the 4th quarter price $35,000. Advisory Providers Community LLC boosted its place in shares of Dropbox by 272.7% within the 4th quarter. Advisory Providers Community LLC now owns 2,050 shares of the corporate’s inventory price $42,00Zero after buying an extra 1,500 shares within the final quarter. Capital Funding Advisory Providers LLC acquired a brand new stake in shares of Dropbox within the 4th quarter price $57,000. Lastly, First Interstate Financial institution acquired a brand new stake in shares of Dropbox within the 4th quarter price $82,000. 31.97% of the inventory is at the moment owned by institutional buyers and hedge funds.

Dropbox Firm Profile

Dropbox, Inc supplies a collaboration platform worldwide. Its platform permits people, groups, and organizations to collaborate and join free via its Web site or app, in addition to improve to a paid subscription plan for premium options. The corporate has roughly 500 million registered customers throughout 180 international locations.

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