Square Inc (NYSE:SQ) has been assigned a consensus rating of “Buy” from the forty research firms that are currently covering the firm, MarketBeat reports. One investment analyst has rated the stock with a sell rating, thirteen have issued a hold rating and twenty-five have assigned a buy rating to the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $42.73.
Several research analysts have recently weighed in on SQ shares. Vetr cut shares of Square from a “buy” rating to a “hold” rating and set a $45.60 price target for the company. in a report on Monday, November 20th. Credit Suisse Group reiterated a “positive” rating and issued a $37.00 price target (up previously from $31.00) on shares of Square in a report on Monday, November 20th. Oppenheimer restated a “buy” rating on shares of Square in a report on Monday, November 20th. Wells Fargo initiated coverage on shares of Square in a report on Tuesday, November 21st. They set a “market perform” rating and a $42.00 target price for the company. Finally, BTIG Research cut shares of Square from a “neutral” rating to a “sell” rating and increased their target price for the stock from $12.38 to $30.00 in a report on Monday, November 27th.
In other news, CEO Jack Dorsey sold 50,000 shares of the stock in a transaction dated Wednesday, December 20th. The shares were sold at an average price of $36.16, for a total value of $1,808,000.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Sarah Friar sold 38,400 shares of the stock in a transaction dated Friday, January 19th. The shares were sold at an average price of $41.46, for a total transaction of $1,592,064.00. Following the completion of the transaction, the chief financial officer now directly owns 349,123 shares in the company, valued at $14,474,639.58. The disclosure for this sale can be found here. Insiders have sold 1,350,074 shares of company stock worth $61,071,884 over the last ninety days. Insiders own 32.68% of the company’s stock.
Institutional investors and hedge funds have recently modified their holdings of the company. Atlantic Trust Group LLC bought a new position in shares of Square in the third quarter valued at about $1,143,000. Schwab Charles Investment Management Inc. raised its position in shares of Square by 1,407.6% in the third quarter. Schwab Charles Investment Management Inc. now owns 696,007 shares of the technology company’s stock valued at $20,052,000 after purchasing an additional 649,841 shares during the period. California Public Employees Retirement System raised its position in shares of Square by 4.1% in the third quarter. California Public Employees Retirement System now owns 368,151 shares of the technology company’s stock valued at $10,606,000 after purchasing an additional 14,451 shares during the period. Kessler Investment Group LLC raised its position in shares of Square by 133.1% in the fourth quarter. Kessler Investment Group LLC now owns 11,725 shares of the technology company’s stock valued at $407,000 after purchasing an additional 6,695 shares during the period. Finally, Nomura Asset Management Co. Ltd. bought a new position in shares of Square in the third quarter valued at about $36,574,000. 52.05% of the stock is currently owned by institutional investors.
Shares of Square (NYSE SQ) traded down $0.31 during midday trading on Wednesday, reaching $54.58. 16,585,704 shares of the company were exchanged, compared to its average volume of 15,782,814. The firm has a market capitalization of $21,755.98, a PE ratio of -341.13 and a beta of 4.56. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.83 and a current ratio of 1.83. Square has a 52-week low of $16.11 and a 52-week high of $55.89.
Square (NYSE:SQ) last issued its quarterly earnings data on Tuesday, February 27th. The technology company reported $0.08 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.07 by $0.01. The firm had revenue of $616.04 million during the quarter, compared to analysts’ expectations of $601.63 million. Square had a negative net margin of 2.84% and a negative return on equity of 6.60%. analysts forecast that Square will post 0.02 EPS for the current year.
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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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