Dropbox (NASDAQ:DBX) posted its quarterly earnings knowledge on Thursday. The corporate reported ($0.01) earnings per share (EPS) for the quarter, topping analystsÃ¢â‚¬â„¢ consensus estimates of ($0.06) by $0.05, Morningstar.com stories. The enterprise had income of $385.60 million in the course of the quarter, in comparison with the consensus estimate of $381.58 million. Dropbox had a adverse return on fairness of three.57% and a adverse web margin of 1.85%. The agencyÃ¢â‚¬â„¢s quarterly income was up 21.9% in comparison with the identical quarter final yr. Throughout the identical quarter within the prior yr, the corporate earned $0.08 earnings per share.
Shares of NASDAQ:DBX traded up $0.27 on Friday, hitting $23.50. 9,321,158 shares of the corporate traded palms, in comparison with its common quantity of 4,097,416. 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 present ratio of 1.45 and a fast ratio of 1.45. The corporate has a market capitalization of $9.55 billion, a PE ratio of -17.94 and a beta of 1.43.
Numerous equities analysts have issued stories on DBX shares. ValuEngine downgraded Dropbox from a Ã¢â‚¬Å“purchaseÃ¢â‚¬Â score to a Ã¢â‚¬Å“maintainÃ¢â‚¬Â score in a report on Monday, February 4th. Jefferies Monetary Group decreased their value goal on Dropbox to $32.00 in a report on Friday, February 22nd. Financial institution of America upgraded Dropbox from a Ã¢â‚¬Å“impartialÃ¢â‚¬Â score to a Ã¢â‚¬Å“purchaseÃ¢â‚¬Â score and set a $33.00 value goal for the corporate in a report on Friday, February 22nd. Lastly, Zacks Funding Analysis upgraded Dropbox from a Ã¢â‚¬Å“maintainÃ¢â‚¬Â score to a Ã¢â‚¬Å“purchaseÃ¢â‚¬Â score and set a $29.00 value goal for the corporate in a report on Friday, February 22nd. Three analysts have rated the inventory with a maintain score and eight have assigned a purchase score to the corporateÃ¢â‚¬â„¢s inventory. The corporate presently has a mean score of Ã¢â‚¬Å“PurchaseÃ¢â‚¬Â and a mean goal value of $32.13.
In different information, insider Yamini Rangan offered 5,633 shares of the agencyÃ¢â‚¬â„¢s inventory in a transaction on Wednesday, February 20th. The inventory was offered at a mean value of $26.00, for a complete transaction of $146,458.00. The sale was disclosed in a submitting with the Securities & Trade Fee, which is on the market by way of this hyperlink. Additionally, insider Timothy Regan offered 2,000 shares of the agencyÃ¢â‚¬â„¢s inventory in a transaction on Wednesday, March 20th. The shares have been offered at a mean value of $22.34, for a complete worth of $44,680.00. The disclosure for this sale might be discovered right here. Insiders have offered 77,980 shares of firm inventory valued at $1,778,925 during the last 90 days. Company insiders personal 31.20% of the corporateÃ¢â‚¬â„¢s inventory.
A number of giant traders have lately modified their holdings of DBX. Quantamental Applied sciences LLC purchased a brand new stake in Dropbox within the 4th quarter price about $33,000. Pearl River Capital LLC purchased a brand new stake in Dropbox within the 4th quarter price about $35,000. Ellevest Inc. purchased a brand new stake in Dropbox within the 1st quarter price about $40,000. Advisory Companies Community LLC elevated its holdings in Dropbox by 272.7% within the 4th quarter. Advisory Companies Community LLC now owns 2,050 shares of the corporateÃ¢â‚¬â„¢s inventory price $42,000 after shopping for a further 1,500 shares within the final quarter. Lastly, Capital Funding Advisory Companies LLC purchased a brand new stake in Dropbox within the 4th quarter price about $57,000. Hedge funds and different institutional traders personal 31.92% of the corporateÃ¢â‚¬â„¢s inventory.
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Dropbox Firm Profile
Dropbox, Inc gives a collaboration platform worldwide. Its platform permits people, groups, and organizations to collaborate and join free by way of 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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