Dropbox (DBX) Downgraded to “Maintain” at Zacks Funding Analysis

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Zacks Funding Analysis lowered shares of Dropbox (NASDAQ:DBX) from a purchase ranking to a maintain ranking in a analysis report launched on Friday morning, Zacks.com reviews.

In keeping with 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. “

Different analysis analysts additionally lately issued reviews concerning the firm. 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 diminished 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 analysts have rated the inventory with a maintain ranking and 7 have given a purchase ranking to the corporate. Dropbox at the moment has a consensus ranking of Purchase and a consensus goal value of $31.75.

Shares of DBX inventory traded up $0.70 on Friday, reaching $24.35. 18,864,115 shares of the corporate’s inventory had been exchanged, in comparison with its common quantity of two,951,580. Dropbox has a 52 week low of $18.50 and a 52 week excessive of $43.50. The corporate has a debt-to-equity ratio of 0.13, a fast ratio of 1.45 and a present ratio of 1.45. The agency has a market capitalization of $9.79 billion and a P/E 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 (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.05) by $0.03. Dropbox had a unfavorable return on fairness of 77.19% and a unfavorable internet margin of 34.84%. The agency had income of $375.90 million through the quarter, in comparison with analyst estimates of $369.64 million. As a gaggle, sell-side analysts forecast that Dropbox will put up -0.14 EPS for the present 12 months.

In different information, CFO Ajay Vashee offered 13,731 shares of the agency’s inventory in a transaction on Monday, March 25th. The inventory was offered at a median value of $21.60, for a complete worth of $296,589.60. The transaction was disclosed in a authorized submitting with the Securities & Alternate Fee, which is offered at this hyperlink. Additionally, insider Quentin Clark offered 16,666 shares of the agency’s inventory in a transaction on Monday, March 25th. The inventory was offered at a median value of $21.60, for a complete worth of $359,985.60. The disclosure for this sale will be discovered right here. Insiders offered a complete of 77,980 shares of firm inventory valued at $1,778,925 within the final three months.

A number of institutional traders have lately purchased and offered shares of DBX. Hamilton Lane Advisors LLC lifted its place in Dropbox by 1,502.9% through the 4th quarter. Hamilton Lane Advisors LLC now owns 426,082 shares of the corporate’s inventory price $8,705,000 after buying a further 399,500 shares through the interval. Marathon Buying and selling Funding Administration LLC lifted its place in Dropbox by 6.4% through the 4th quarter. Marathon Buying and selling Funding Administration LLC now owns 12,020 shares of the corporate’s inventory price $246,000 after buying a further 720 shares through the interval. Victory Capital Administration Inc. lifted its place in Dropbox by 7.9% through the 4th quarter. Victory Capital Administration Inc. now owns 2,090,309 shares of the corporate’s inventory price $42,705,000 after buying a further 152,263 shares through the interval. LPL Monetary LLC lifted its place in Dropbox by 54.0% through the third quarter. LPL Monetary LLC now owns 51,046 shares of the corporate’s inventory price $1,370,000 after buying a further 17,907 shares through the interval. Lastly, Deltec Asset Administration LLC acquired a brand new stake in Dropbox through the 1st quarter price about $1,373,000. 31.97% of the inventory is owned by hedge funds and different institutional traders.

Dropbox Firm Profile

Dropbox, Inc supplies a collaboration platform worldwide. Its platform permits people, groups, and organizations to collaborate and join free by 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 nations.

See Additionally: How is the Producer Worth Index calculated?

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