Dropbox (DBX) – Analysts’ Weekly Rankings Adjustments

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A number of analysts have just lately up to date their scores and worth targets for Dropbox (NASDAQ: DBX):

  • 4/30/2019 – Dropbox was upgraded by analysts at Zacks Funding Analysis from a “maintain” score to a “purchase” score. They now have a $27.00 worth goal on the inventory. In keeping with Zacks, “Dropbox, Inc. is a service firm. It provides a platform which permits customers to retailer and share information, images, movies, songs and spreadsheets. Dropbox, Inc. is headquartered in San Francisco, California. “
  • 4/26/2019 – Dropbox was downgraded by analysts at Zacks Funding Analysis from a “purchase” score to a “maintain” score. In keeping with Zacks, “Dropbox, Inc. is a service firm. It provides a platform which permits customers to retailer and share information, images, movies, songs and spreadsheets. Dropbox, Inc. is headquartered in San Francisco, California. “
  • 4/19/2019 – Dropbox was upgraded by analysts at Zacks Funding Analysis from a “maintain” score to a “purchase” score. They now have a $24.00 worth goal on the inventory. In keeping with Zacks, “Dropbox, Inc. is a service firm. It provides a platform which permits customers to retailer and share information, images, movies, songs and spreadsheets. Dropbox, Inc. is headquartered in San Francisco, California. “
  • 4/17/2019 – Dropbox was downgraded by analysts at Zacks Funding Analysis from a “purchase” score to a “maintain” score. In keeping with Zacks, “Dropbox, Inc. is a service firm. It provides a platform which permits customers to retailer and share information, images, movies, songs and spreadsheets. Dropbox, Inc. is headquartered in San Francisco, California. “
  • 4/11/2019 – Dropbox was upgraded by analysts at Zacks Funding Analysis from a “maintain” score to a “purchase” score. They now have a $25.00 worth goal on the inventory. In keeping with Zacks, “Dropbox, Inc. is a service firm. It provides a platform which permits customers to retailer and share information, images, movies, songs and spreadsheets. Dropbox, Inc. is headquartered in San Francisco, California. “
  • 4/9/2019 – Dropbox was downgraded by analysts at Zacks Funding Analysis from a “purchase” score to a “maintain” score. In keeping with Zacks, “Dropbox, Inc. is a service firm. It provides a platform which permits customers to retailer and share information, images, movies, songs and spreadsheets. Dropbox, Inc. is headquartered in San Francisco, California. “
  • 3/15/2019 – Dropbox was upgraded by analysts at Zacks Funding Analysis from a “maintain” score to a “purchase” score. They now have a $25.00 worth goal on the inventory. In keeping with Zacks, “Dropbox, Inc. is a service firm. It provides a platform which permits customers to retailer and share information, images, movies, songs and spreadsheets. Dropbox, Inc. is headquartered in San Francisco, California. “
  • 3/14/2019 – Dropbox was downgraded by analysts at Zacks Funding Analysis from a “purchase” score to a “maintain” score. In keeping with Zacks, “Dropbox, Inc. is a service firm. It provides a platform which permits customers to retailer and share information, images, movies, songs and spreadsheets. Dropbox, Inc. is headquartered in San Francisco, California. “

NASDAQ:DBX traded up $0.11 throughout mid-day buying and selling on Wednesday, reaching $23.70. The corporate’s inventory had a buying and selling quantity of 138,847 shares, in comparison with its common quantity of two,966,159. Dropbox Inc has a 1 yr low of $18.50 and a 1 yr excessive of $43.50. The agency has a market cap of $9.82 billion, a PE ratio of -18.09 and a beta of 1.43. The corporate has a debt-to-equity ratio of 0.13, a present ratio of 1.45 and a fast ratio of 1.45.

Dropbox (NASDAQ:DBX) final introduced its earnings outcomes on Thursday, February 21st. The corporate reported ($0.02) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.05) by $0.03. The enterprise had income of $375.90 million through the quarter, in comparison with the consensus estimate of $369.64 million. Dropbox had a unfavorable internet margin of 34.84% and a unfavorable return on fairness of 77.19%. Promote-side analysts anticipate that Dropbox Inc will publish -0.14 EPS for the present fiscal yr.

In different Dropbox information, insider Yamini Rangan bought 5,633 shares of the enterprise’s inventory in a transaction dated Wednesday, February 20th. The shares had been bought at a median worth of $26.00, for a complete worth of $146,458.00. The sale was disclosed in a submitting with the Securities & Trade Fee, which might be accessed by this hyperlink. Additionally, insider Quentin Clark bought 16,666 shares of the corporate’s inventory in a transaction dated Monday, March 25th. The shares had been bought at a median worth of $21.60, for a complete transaction of $359,985.60. The disclosure for this sale might be discovered right here. Insiders bought 77,980 shares of firm inventory valued at $1,778,925 during the last quarter. 31.20% of the inventory is at present owned by company insiders.

A number of institutional buyers and hedge funds have just lately purchased and bought shares of the corporate. FMR LLC elevated its holdings in shares of Dropbox by 22.7% through the fourth quarter. FMR LLC now owns 12,737,378 shares of the corporate’s inventory valued at $260,224,00Zero after buying a further 2,357,568 shares within the final quarter. BlackRock Inc. elevated its holdings in Dropbox by 22.7% within the 4th quarter. BlackRock Inc. now owns 12,611,171 shares of the corporate’s inventory price $257,646,00Zero after shopping for a further 2,332,796 shares through the interval. Vanguard Group Inc elevated its holdings in Dropbox by 51.9% within the third quarter. Vanguard Group Inc now owns 6,473,087 shares of the corporate’s inventory price $173,673,00Zero after shopping for a further 2,211,823 shares through the interval. Vanguard Group Inc. elevated its holdings in Dropbox by 51.9% within the third quarter. Vanguard Group Inc. now owns 6,473,087 shares of the corporate’s inventory price $173,673,00Zero after shopping for a further 2,211,823 shares through the interval. Lastly, First Belief Advisors LP elevated its holdings in Dropbox by 19.5% within the 4th quarter. First Belief Advisors LP now owns 3,911,795 shares of the corporate’s inventory price $79,918,00Zero after shopping for a further 639,476 shares through the interval. Hedge funds and different institutional buyers personal 31.92% of the corporate’s inventory.

Dropbox, Inc gives 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.

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