Square (NYSE: SQ) recently received a number of ratings updates from brokerages and research firms:

  • 11/1/2017 – Square was downgraded by analysts at Stifel Nicolaus from a “buy” rating to a “hold” rating. They now have a $36.00 price target on the stock. They wrote, “We are downgrading shares from Buy to Hold based on valuation. We continue to believe Square is building a uniquely positioned SMB services ecosystem and is effectively expanding its opportunity with new products/features, international expansion, and larger merchant penetration. Year-to-date, Square shares have risen by 168% vs. 15% for the S&P 500. Greater visibility into positive outcomes for Square’s key debates along with consolidation activity in the industry and strong technology/digital payments sentiment have lifted shares, in our view. We expect another strong quarter and are adjusting our estimates for the quarter and the year higher. Our new target price increases to $36.””
  • 10/31/2017 – Square had its price target raised by analysts at Nomura from $33.00 to $45.00. They now have a “buy” rating on the stock.
  • 10/31/2017 – Square had its price target raised by analysts at Deutsche Bank AG to $37.00. They now have a “buy” rating on the stock.
  • 10/25/2017 – Square was upgraded by analysts at Vetr from a “buy” rating to a “strong-buy” rating. They now have a $39.78 price target on the stock.
  • 10/18/2017 – Square had its price target raised by analysts at Citigroup Inc. from $30.00 to $38.00. They now have a “buy” rating on the stock.
  • 10/17/2017 – Square was upgraded by analysts at Vetr from a “hold” rating to a “buy” rating. They now have a $34.27 price target on the stock.
  • 10/16/2017 – Square was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $37.00 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.”
  • 10/12/2017 – Square is now covered by analysts at Oppenheimer Holdings, Inc.. They set an “outperform” rating and a $35.00 price target on the stock.
  • 10/12/2017 – Square is now covered by analysts at CIBC. They set an “outperform” rating and a $35.00 price target on the stock.
  • 10/11/2017 – Square was downgraded by analysts at Vetr from a “buy” rating to a “hold” rating. They now have a $32.96 price target on the stock.
  • 10/9/2017 – Square had its price target raised by analysts at Bank of America Corporation from $29.00 to $31.00. They now have a “neutral” rating on the stock.
  • 10/9/2017 – Square was upgraded by analysts at Vetr from a “hold” rating to a “buy” rating. They now have a $32.51 price target on the stock.
  • 10/8/2017 – Square had its “buy” rating reaffirmed by analysts at Royal Bank Of Canada. They now have a $31.00 price target on the stock.
  • 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.

Square (NYSE:SQ) last released its earnings results on Wednesday, August 2nd. The technology company reported ($0.04) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.05) by $0.01. The business had revenue of $240.00 million for the quarter, compared to analyst estimates of $228.64 million. Square had a negative return on equity of 12.41% and a negative net margin of 4.13%. The company’s revenue for the quarter was up 40.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.08) earnings per share.

In other news, Director James Morgan Jr. Mckelvey sold 400,000 shares of the company’s stock in a transaction on Monday, September 11th. The stock was sold at an average price of $27.22, for a total value of $10,888,000.00. Following the sale, the director now directly owns 507,385 shares in the company, valued at $13,811,019.70. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Sarah Friar sold 38,400 shares of the company’s stock in a transaction on Friday, October 13th. The shares were sold at an average price of $32.81, for a total value of $1,259,904.00. The disclosure for this sale can be found here. In the last three months, insiders sold 1,353,600 shares of company stock worth $38,351,040. Corporate 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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