A number of research firms have changed their ratings and price targets for Square (NYSE: SQ):

  • 10/4/2017 – Square was downgraded by analysts at Vetr from a “buy” rating to a “hold” rating. They now have a $31.08 price target on the stock.
  • 10/4/2017 – Square was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Square has outperformed the industry on a year-to-date basis. The company’s comprehensive commerce ecosystem, accelerated business growth and focus on integration, automation, and platform are key catalysts. The company's plan to open a wholly-owned brick-and-mortar bank is positive in our view. Meanwhile, automation is enabling the company to increase reach of financial system to more people, scale up its own operations and help sellers with advanced CRM tools. Moreover, the company displays consistent business growth through balancing investment and margin expansion. However, it’s currently a loss making enterprise, which doesn't augur with investors. Moreover, vulnerability to intense competition and changing technology, industry standards and seller and buyer needs pose signficant challenges.”
  • 10/3/2017 – Square was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $32.00 price target on the stock. According to Zacks, “Square has outperformed the industry on a year-to-date basis. The company’s comprehensive commerce ecosystem, accelerated business growth and focus on integration, automation, and platform are key catalysts. The company's plan to open a wholly-owned brick-and-mortar bank is positive in our view. Meanwhile, automation is enabling the company to increase reach of financial system to more people, scale up its own operations and help sellers with advanced CRM tools. Moreover, the company displays consistent business growth through balancing investment and margin expansion. However, it’s currently a loss making enterprise, which doesn't augur with investors. Moreover, vulnerability to intense competition and changing technology, industry standards and seller and buyer needs pose signficant challenges.”
  • 10/3/2017 – Square had its price target raised by analysts at KeyCorp from $29.00 to $32.00. They now have an “overweight” rating on the stock.
  • 9/26/2017 – Square was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Square has outperformed the industry on a year-to-date basis. The company’s comprehensive commerce ecosystem, accelerated business growth and focus on integration, automation, and platform are key catalysts. The company's plan to open a wholly-owned brick-and-mortar bank is positive in our view. Meanwhile, automation is enabling the company to increase reach of financial system to more people, scale up its own operations and help sellers with advanced CRM tools. Moreover, the company displays consistent business growth through balancing investment and margin expansion. However, it’s currently a loss making enterprise, which doesn't augur with investors. Moreover, vulnerability to intense competition and changing technology, industry standards and seller and buyer needs pose signficant challenges.”
  • 9/25/2017 – Square was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $32.00 price target on the stock. According to Zacks, “Square has outperformed the industry on a year-to-date basis. The company’s comprehensive commerce ecosystem, accelerated business growth and focus on integration, automation, and platform are key catalysts. The company's plan to open a wholly-owned brick-and-mortar bank is positive in our view. Meanwhile, automation is enabling the company to increase reach of financial system to more people, scale up its own operations and help sellers with advanced CRM tools. Moreover, the company displays consistent business growth through balancing investment and margin expansion. However, it’s currently a loss making enterprise, which doesn't augur with investors. Moreover, vulnerability to intense competition and changing technology, industry standards and seller and buyer needs pose signficant challenges.”
  • 9/25/2017 – Square had its “buy” rating reaffirmed by analysts at Tigress Financial.
  • 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.

Shares of Square, Inc. (NYSE:SQ) traded up 0.63% during mid-day trading on Wednesday, hitting $30.13. 4,375,203 shares of the stock traded hands. Square, Inc. has a 52 week low of $10.88 and a 52 week high of $30.34. The firm’s 50-day moving average is $26.85 and its 200-day moving average is $23.04. The stock’s market cap is $11.56 billion.

Square (NYSE:SQ) last posted its earnings results on Wednesday, August 2nd. The technology company reported ($0.04) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.05) by $0.01. The company had revenue of $240.00 million during the quarter, compared to analyst estimates of $228.64 million. Square had a negative net margin of 4.13% and a negative return on equity of 12.41%. Square’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, analysts forecast that Square, Inc. will post $0.24 earnings per share for the current year.

In other Square news, CFO Sarah Friar sold 19,200 shares of the business’s stock in a transaction on Monday, July 17th. The shares were sold at an average price of $26.25, for a total transaction of $504,000.00. Following the transaction, the chief financial officer now directly owns 368,791 shares of the company’s stock, valued at approximately $9,680,763.75. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director James Morgan Jr. Mckelvey sold 400,000 shares of the business’s stock in a transaction on Monday, September 11th. The shares were sold at an average price of $27.22, for a total transaction of $10,888,000.00. Following the transaction, the director now directly owns 507,385 shares in the company, valued at $13,811,019.70. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 972,800 shares of company stock worth $25,520,512. 32.68% of the stock is owned by company insiders.

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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