Boxlight Corp (BOXL) Gets a Buy Rating from Maxim Group

By Ryan Adsit

In a report released yesterday, Allen Klee from Maxim Group reiterated a Buy rating on Boxlight Corp (BOXLResearch Report), with a price target of $11. The company’s shares closed last Monday at $2.62.

Klee noted:

“2Q19 results beat our EBITDA, non-GAAP EPS, and gross margin estimates, while slightly missing on revenue.”

According to TipRanks.com, Klee has 0 stars on 0-5 star ranking scale with an average return of -19.2% and a 21.5% success rate. Klee covers the Technology sector, focusing on stocks such as Sify Technologies Limited, Dolphin Entertainment Inc, and ATN International Inc.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Boxlight Corp with a $11 average price target.

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Based on Boxlight Corp’s latest earnings release for the quarter ending June 30, the company reported a quarterly GAAP net loss of $1.16 million. In comparison, last year the company had a GAAP net loss of $4.46 million.

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Boxlight Corp. engages in the provision of interactive educational products. It designs, manufactures and distributes interactive projectors, flat panel displays, touch projectors, touchboards, and MimioTeach through the Boxlight Group and Genesis brands.