Square, Inc. (NYSE:SQ)‘s stock had its “neutral” rating restated by equities research analysts at BTIG Research in a research report issued to clients and investors on Thursday.

Several other equities analysts also recently commented on the stock. Wedbush restated a “neutral” rating and issued a $28.00 price target on shares of Square in a research note on Wednesday, August 9th. Credit Suisse Group reiterated a “neutral” rating and set a $26.00 target price (up previously from $25.00) on shares of Square in a research note on Wednesday, August 9th. Deutsche Bank AG reiterated a “buy” rating and set a $28.00 target price on shares of Square in a research note on Wednesday, August 9th. Canaccord Genuity reiterated a “hold” rating and set a $26.00 target price (up previously from $18.00) on shares of Square in a research note on Wednesday, August 9th. Finally, Barclays PLC reiterated an “overweight” rating and set a $28.00 target price (up previously from $21.00) on shares of Square in a research note on Wednesday, August 9th. Eleven research analysts have rated the stock with a hold rating, nineteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. Square has a consensus rating of “Buy” and an average price target of $24.61.

Shares of Square (NYSE SQ) traded up 0.96% during mid-day trading on Thursday, reaching $26.30. The company’s stock had a trading volume of 7,855,733 shares. The stock’s market cap is $10.09 billion. Square has a one year low of $10.88 and a one year high of $27.97. The stock has a 50 day moving average of $25.69 and a 200-day moving average of $21.52.

Square (NYSE:SQ) last posted its quarterly earnings results on Wednesday, August 2nd. The technology company reported ($0.04) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.05) by $0.01. The business had revenue of $240 million during the quarter, compared to the consensus estimate of $228.64 million. Square had a negative net margin of 4.13% and a negative return on equity of 12.41%. The company’s quarterly revenue was up 40.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($0.08) earnings per share. On average, equities research analysts expect that Square will post $0.24 EPS for the current fiscal year.

COPYRIGHT VIOLATION NOTICE: This report was published by American Banking News and is the sole property of of American Banking News. If you are accessing this report on another domain, it was stolen and reposted in violation of U.S. and international copyright and trademark laws. The correct version of this report can be accessed at https://www.americanbankingnews.com/2017/09/07/square-inc-sq-stock-rating-reaffirmed-by-btig-research.html.

In related news, Director James Morgan Jr. Mckelvey sold 400,000 shares of the stock in a transaction dated Tuesday, August 15th. The shares were sold at an average price of $25.02, for a total transaction of $10,008,000.00. Following the completion of the transaction, the director now directly owns 507,385 shares of the company’s stock, valued at $12,694,772.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Sarah Friar sold 38,400 shares of the stock in a transaction dated Thursday, August 24th. The stock was sold at an average price of $25.58, for a total transaction of $982,272.00. Following the transaction, the chief financial officer now directly owns 366,103 shares of the company’s stock, valued at $9,364,914.74. The disclosure for this sale can be found here. Insiders have sold 553,600 shares of company stock valued at $13,928,064 over the last three months. 32.68% of the stock is currently owned by corporate insiders.

A number of institutional investors and hedge funds have recently modified their holdings of SQ. FMR LLC grew its position in Square by 114.7% during the second quarter. FMR LLC now owns 23,888,617 shares of the technology company’s stock worth $560,427,000 after buying an additional 12,764,491 shares during the period. Vanguard Group Inc. grew its position in Square by 73.4% during the second quarter. Vanguard Group Inc. now owns 19,034,862 shares of the technology company’s stock worth $446,558,000 after buying an additional 8,058,892 shares during the period. Renaissance Technologies LLC grew its position in Square by 641.8% during the first quarter. Renaissance Technologies LLC now owns 8,578,500 shares of the technology company’s stock worth $148,236,000 after buying an additional 7,422,000 shares during the period. BlackRock Inc. grew its position in Square by 7,162.2% during the first quarter. BlackRock Inc. now owns 5,383,325 shares of the technology company’s stock worth $93,023,000 after buying an additional 5,309,197 shares during the period. Finally, Goldman Sachs Group Inc. grew its position in Square by 556.5% during the second quarter. Goldman Sachs Group Inc. now owns 4,594,445 shares of the technology company’s stock worth $107,786,000 after buying an additional 3,894,639 shares during the period. Institutional investors own 82.02% of the company’s stock.

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.

Analyst Recommendations for Square (NYSE:SQ)

Receive News & Ratings for Square Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Square Inc. and related companies with MarketBeat.com's FREE daily email newsletter.