Square (NYSE:SQ) had its price objective upped by Deutsche Bank from $37.00 to $43.00 in a research report report published on Thursday morning. They currently have a buy rating on the technology company’s stock.
Several other analysts have also recently issued reports on the stock. Vetr cut shares of Square from a buy rating to a hold rating and set a $45.60 price objective for the company. in a research note on Monday, November 20th. Cantor Fitzgerald upped their price objective on shares of Square to $41.00 and gave the company an overweight rating in a research note on Thursday, November 9th. Oppenheimer reaffirmed a buy rating on shares of Square in a research note on Monday, November 20th. Evercore ISI raised shares of Square from an in-line rating to an outperform rating and set a $51.00 price objective for the company in a research note on Friday, November 17th. Finally, Zacks Investment Research cut shares of Square from a buy rating to a hold rating in a research note on Friday, February 2nd. One analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and twenty-five have issued a buy rating to the company. Square presently has a consensus rating of Buy and an average price target of $37.13.
Shares of Square (NYSE:SQ) opened at $44.11 on Thursday. The company has a market cap of $17,140.00 and a PE ratio of -259.47. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.81 and a current ratio of 1.81. Square has a one year low of $13.99 and a one year high of $49.56.
In other news, CFO Sarah Friar sold 38,400 shares of the company’s stock in a transaction that occurred on Wednesday, November 22nd. The shares were sold at an average price of $47.24, for a total value of $1,814,016.00. Following the transaction, the chief financial officer now directly owns 355,566 shares in the company, valued at approximately $16,796,937.84. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Jack Dorsey sold 50,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 29th. The stock was sold at an average price of $40.48, for a total transaction of $2,024,000.00. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 1,266,741 shares of company stock worth $49,532,769. Company insiders own 32.68% of the company’s stock.
Several hedge funds have recently modified their holdings of the company. BB&T Securities LLC lifted its holdings in shares of Square by 16.6% in the 4th quarter. BB&T Securities LLC now owns 10,902 shares of the technology company’s stock worth $377,000 after acquiring an additional 1,550 shares during the last quarter. Leonetti & Associates LLC lifted its holdings in shares of Square by 5.5% in the 4th quarter. Leonetti & Associates LLC now owns 118,075 shares of the technology company’s stock worth $4,094,000 after acquiring an additional 6,150 shares during the last quarter. Macquarie Group Ltd. lifted its holdings in shares of Square by 167.2% in the 4th quarter. Macquarie Group Ltd. now owns 536,158 shares of the technology company’s stock worth $18,589,000 after acquiring an additional 335,505 shares during the last quarter. Millennium Management LLC acquired a new position in shares of Square in the 4th quarter worth approximately $17,457,000. Finally, Sciencast Management LP acquired a new position in shares of Square in the 4th quarter worth approximately $547,000. Hedge funds and other institutional investors own 53.77% of the company’s stock.
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Square Company Profile
Square, Inc (Square) is a commerce ecosystem. The Company enables its sellers start, run and grow their businesses. It combines software with hardware to enable sellers to turn mobile devices and computing devices into payments and point-of-sale solutions. Once a seller downloads the Square Point of Sale mobile application, they can take their first payment.
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