Several analysts have recently updated their ratings and price targets for Square (NYSE: SQ):

  • 9/12/2017 – Square was downgraded by analysts at Vetr from a “strong-buy” rating to a “buy” rating. They now have a $30.12 price target on the stock.
  • 9/12/2017 – Square is now covered by analysts at Bank of America Corporation. They set a “neutral” rating on the stock.
  • 9/12/2017 – Square is now covered by analysts at Cantor Fitzgerald. They set an “overweight” rating and a $31.00 price target on the stock.
  • 9/7/2017 – Square had its “neutral” rating reaffirmed by analysts at BTIG Research.
  • 8/9/2017 – Square had its “outperform” rating reaffirmed by analysts at Royal Bank Of Canada. They now have a $31.00 price target on the stock, up previously from $24.00.
  • 8/9/2017 – Square had its “buy” rating reaffirmed by analysts at Stifel Nicolaus. They now have a $29.00 price target on the stock, up previously from $27.00.
  • 8/9/2017 – Square had its “overweight” rating reaffirmed by analysts at Barclays PLC. They now have a $28.00 price target on the stock, up previously from $21.00.
  • 8/9/2017 – Square had its “hold” rating reaffirmed by analysts at Canaccord Genuity. They now have a $26.00 price target on the stock, up previously from $18.00.
  • 8/9/2017 – Square had its “buy” rating reaffirmed by analysts at Deutsche Bank AG. They now have a $28.00 price target on the stock.
  • 8/9/2017 – Square had its “neutral” rating reaffirmed by analysts at Credit Suisse Group. They now have a $26.00 price target on the stock, up previously from $25.00.
  • 8/9/2017 – Square had its “neutral” rating reaffirmed by analysts at Wedbush. They now have a $28.00 price target on the stock.
  • 8/7/2017 – Square was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Square provides payments and point-of-sale (POS) services. The company's adjusted loss in the second quarter of 2017 was in line with the Zacks Consensus Estimate, while revenues surpassed the same.  Year to date, the stock has outperformed the Zacks Internet-Software industry. Square’s comprehensive commerce ecosystem, accelerated business growth and focus on integration, automation, and platform are positives. However, it’s currently a loss making business and vulnerability to intense competition and changing technology, industry standards and seller and buyer needs pose challenges.”
  • 8/5/2017 – Square was downgraded by analysts at BidaskClub from a “strong-buy” rating to a “buy” rating.
  • 8/3/2017 – Square had its price target raised by analysts at Royal Bank Of Canada from $24.00 to $31.00. They now have an “outperform” rating on the stock.
  • 8/3/2017 – Square had its “hold” rating reaffirmed by analysts at Craig Hallum. They now have a $23.00 price target on the stock, up previously from $18.00.
  • 8/3/2017 – Square had its “buy” rating reaffirmed by analysts at Needham & Company LLC. They now have a $30.00 price target on the stock, up previously from $20.00.
  • 8/3/2017 – Square had its price target raised by analysts at Credit Suisse Group from $25.00 to $26.00. They now have a “neutral” rating on the stock.
  • 8/3/2017 – Square had its “overweight” rating reaffirmed by analysts at Barclays PLC. They now have a $28.00 price target on the stock, up previously from $21.00.
  • 8/3/2017 – Square had its price target raised by analysts at Canaccord Genuity from $18.00 to $26.00. They now have a “hold” rating on the stock.
  • 8/3/2017 – Square is now covered by analysts at Wedbush. They set a “neutral” rating and a $28.00 price target on the stock.
  • 8/3/2017 – Square was upgraded by analysts at Vetr from a “buy” rating to a “strong-buy” rating. They now have a $29.36 price target on the stock.
  • 8/3/2017 – Square was upgraded by analysts at TheStreet from a “d+” rating to a “c-” rating.
  • 8/1/2017 – Square was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $30.00 price target on the stock. According to Zacks, “Square provides payments and point-of-sale (POS) services.  Year to date, the stock has outperformed the Zacks Internet-Software industry. Square’s comprehensive commerce ecosystem, accelerated business growth and focus on integration, automation, and platform are positives. However, it’s currently a loss making business and vulnerability to intense competition and changing technology, industry standards and seller and buyer needs pose challenges.”
  • 7/30/2017 – Square had its “buy” rating reaffirmed by analysts at Stifel Nicolaus. They now have a $29.00 price target on the stock, up previously from $23.00.
  • 7/26/2017 – Square had its “hold” rating reaffirmed by analysts at Piper Jaffray Companies. They now have a $24.00 price target on the stock.
  • 7/24/2017 – Square had its price target raised by analysts at Deutsche Bank AG to $28.00. They now have a “buy” rating on the stock.

Shares of Square, Inc. (NYSE SQ) traded down 0.32% during midday trading on Wednesday, reaching $28.47. 4,325,129 shares of the company’s stock were exchanged. The stock’s market cap is $10.92 billion. The stock’s 50 day moving average is $26.00 and its 200-day moving average is $22.21. Square, Inc. has a 12-month low of $10.88 and a 12-month high of $29.00.

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 Zacks’ consensus estimate of ($0.05) by $0.01. The firm had revenue of $240.00 million for the quarter, compared to analysts’ expectations of $228.64 million. Square had a negative net margin of 4.13% and a negative return on equity of 12.41%. The business’s revenue for the quarter was up 40.4% on a year-over-year basis. During the same period in the prior year, the business posted ($0.08) earnings per share. On average, equities analysts expect that Square, Inc. will post $0.24 EPS for the current year.

In other news, CFO Sarah Friar sold 19,200 shares of the company’s stock in a transaction dated Wednesday, August 23rd. The shares were sold at an average price of $25.54, for a total value of $490,368.00. Following the transaction, the chief financial officer now directly owns 366,103 shares in the company, valued at $9,350,270.62. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director James Morgan Jr. Mckelvey sold 400,000 shares of the company’s stock in a transaction dated Monday, September 11th. The stock was sold at an average price of $27.22, for a total transaction of $10,888,000.00. Following the completion of the transaction, the director now owns 507,385 shares in the company, valued at $13,811,019.70. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 953,600 shares of company stock worth $24,816,064. Company insiders own 32.68% of the company’s stock.

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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