Boxed downgraded by Citigroup with a new price target
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Citigroup downgraded Boxed from Buy to Neutral and set a new price target of $2.00 from $12.00 previously
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 8/10/2022 | $12.00 → $2.00 | Buy → Neutral | Citigroup |
| 7/13/2022 | $8.00 | Overweight | Wells Fargo |
| 4/20/2022 | $13.00 | Buy | Citigroup |
| 1/4/2022 | Neutral | BTIG |
Retail Gross Profit Increased YoY by 88.8%Retail Gross Margin Increased YoY by 503 Basis PointsGross Merchandise Value Increased YoY by 8.3% to $49.0 millionRetail Net Revenue Increased YoY by 8.9% to $41.6 millionRetail Net Revenue per Active Customer Increased YoY by 38.4% to $336 NEW YORK, Nov. 09, 2022 (GLOBE NEWSWIRE) -- Boxed, Inc. (NYSE:BOXD, BOXD WS))) ("Boxed" or the "Company"), the commerce technology company specializing as both an e-commerce retailer and e-commerce enabler, today reported its financial results for the third quarter ended September 30, 2022. Recent Business Highlights Boxed Progresses On Strategic Vision and Profitability: In August, the Com
NEW YORK, Oct. 26, 2022 (GLOBE NEWSWIRE) -- Boxed, Inc. (NYSE:BOXD, BOXD WS))) ("Boxed" or the "Company"), an online platform which sells household consumables in bulk and licenses its e-commerce software through its Spresso Software and Services Division, announced today that it will report results for the third quarter ended September 30, 2022, on Wednesday, November 9, 2022, after market close. Boxed will host a conference call and webcast at 4:30 p.m. ET on the same day to discuss the results. The live webcast can be accessed on the Boxed Investor Relations website at https://investors.boxed.com under "Events & Presentations". The webcast will also be archived and available for replay
Gross Merchandise Value Increased YoY by 19.4% to $52.7 millionRetail Net Revenue Increased YoY by 11.2% to $43.6 millionReveals Strategic Vision to Accelerate Path to Profitability and Positive Free Cash Flow NEW YORK, Aug. 09, 2022 (GLOBE NEWSWIRE) -- Boxed, Inc. (NYSE:BOXD, BOXD WS))) ("Boxed" or the "Company"), the commerce technology company specializing as both an e-commerce retailer and e-commerce enabler, today reported its financial results for the second quarter ended June 30, 2022 and revealed its strategic vision to deliver high-margin growth and an accelerated path to profitability and positive free cash flow. Recent Business Highlights Boxed's Software &
Citigroup downgraded Boxed from Buy to Neutral and set a new price target of $2.00 from $12.00 previously
Wells Fargo initiated coverage of Boxed with a rating of Overweight and set a new price target of $8.00
Citigroup initiated coverage of Boxed with a rating of Buy and set a new price target of $13.00
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25-NSE - Boxed, Inc. (0001828672) (Subject)
NEW YORK, July 15, 2022 (GLOBE NEWSWIRE) -- Boxed, Inc. (NYSE:BOXD, BOXD WS))) ("Boxed" or the "Company"), an online platform which sells household consumables in bulk and licenses its e-commerce software to enterprise retailers, today announced the addition of Tsukasa Ojima, Executive Officer, Business Development and Branding at AEON Co. Ltd ("AEON"), one of the world's largest retailers, to its Board of Directors, effective immediately. In September of 2021, Boxed and AEON launched a partnership to use Boxed's proprietary e-commerce technology to power AEON digital capabilities in the Malaysian market. Recently, Boxed announced a signed Memorandum of Understanding with AEON's affilia
Former United States Securities and Exchange Commission attorney Willie Briscoe and the securities litigation firm The Briscoe Law Firm, PLLC are investigating potential violation of laws in connection with the following special purpose acquisition companies ("SPACs"): BigBear.ai Holdings, Inc. f/k/a GigCapital4 Inc. (NYSE:BBAI), Senti Biosciences, Inc. f/k/a Dynamics Special Purpose Corp (NASDAQGM:SNTI), Tango Therapeutics, Inc. f/k/a BCTG Acquisition Corp (NASDAQGM:TNGX), and Boxed, Inc. f/k/a Seven Oaks Acquisition Corp (NYSE:BOXD). If you are an affected investor, and you want to learn more about this investigation, please contact Willie Briscoe at The Briscoe Law Firm, PLLC, (972) 521
NEW YORK, Feb. 06, 2023 (GLOBE NEWSWIRE) -- Boxed (NYSE:BOXD) ("Boxed" or the "Company"), an e-commerce grocery platform that sells bulk consumables and licenses its e-commerce software to enterprise retailers, today announced an arrangement with Colavita USA to manage the Italian specialty food manufacturer's third party direct-to-consumer logistics, including inventory management, warehousing, and fulfillment. Colavita is family owned and operated since 1938 and present in over 80 countries worldwide. In the major U.S. market, Colavita distributes to retail grocery store chains, specialty food stores, and wholesale suppliers, as well as restaurants, caterers, and other foodservice opera
NEW YORK, Feb. 01, 2023 (GLOBE NEWSWIRE) -- Boxed, Inc. (NYSE:BOXD) ("Boxed" or the "Company"), the technology-driven e-commerce retailer and e-commerce enabler, announced that Spresso, its SaaS modular solution platform has partnered with global enterprise digital commerce platform VTEX. The partnership unlocks Spresso's modular solutions, including Price Optimization and LTV & Churn Prediction, now easily accessible for thousands of VTEX customers across the world. VTEX is committed to supporting its customers with best-in-class solutions that are proven to combat the commerce challenges they face every day. This is why the Spresso partnership is exciting. Through this new partnership,
Bloomberg UBS Prepping For Massive Layoffs Amid Credit Suisse Takeover UBS Group AG (NYSE:UBS), which agreed to buy peer Credit Suisse AG (NYSE:CS) in a central-bank-brokered deal, is preparing to eliminate about 20 to 30% of jobs worldwide. UBS is expected to announce up to 36,000 job cuts across its branches. As many as 11,000 employees in Switzerland would be laid off. UBS and Credit Suisse employed about 125,000 people at the end of 2022. Wall Street Journal McDonald's Layoffs Reportedly Prompt Temporary Shuttering Of US Offices McDonald's Corporation (NYSE:MCD) is closing its offices temporarily in the U.S. as the burger chain prepares for corporate layoffs. In an email
Boxed Inc (NYSE: BOXD) has filed for Chapter 11 bankruptcy and is looking to divest its software business. The e-commerce grocery platform also decided to wind down its retail e-commerce operations over the next several weeks. The company had entered into a Forbearance Agreement with its first lien secured lenders as an interim solution to protect the business. Boxed intends to fund and protect its near-term operations and cover administrative expenses through access to its cash collateral as it winds down during the Chapter 11 process and transitions its Spresso business to a new separate legal entity that will continue as a going concern. "This was an incredibly difficult decision, a
The stock market had a challenging 2022 due to macro and geopolitical headwinds, with high-profile names suffering losses. The S&P 500 lost about 20%, and the Nasdaq Composite dropped around 33%. Even industry giants like Tesla Inc (NASDAQ:TSLA) experienced significant declines. Many heavily-valued stocks suffered losses due to industry-wide concerns, including startups in the electric vehicle industry. A major investment bank, Credit Suisse AG (NYSE: CS), faced compliance failures and dwindling business, leading to regulatory scrutiny and a record-low stock price before being rescued by UBS Group AG (NYSE: UBS). See Also: Best Penny Stocks Here’s a Benzinga-compiled list of some of the