Square, Inc. (NYSE:SQ) had its price objective lifted by Nomura from $45.00 to $48.00 in a research note issued on Thursday. The firm presently has a “buy” rating on the technology company’s stock. Nomura’s price target suggests a potential upside of 18.05% from the stock’s previous close.

Several other analysts have also recently commented on SQ. Deutsche Bank AG increased their target price on Square to $28.00 and gave the stock a “buy” rating in a report on Monday, July 24th. Piper Jaffray Companies restated a “hold” rating and set a $24.00 target price on shares of Square in a report on Wednesday, July 26th. Stifel Nicolaus restated a “buy” rating and set a $29.00 target price (up previously from $23.00) on shares of Square in a report on Sunday, July 30th. Zacks Investment Research upgraded Square from a “hold” rating to a “buy” rating and set a $30.00 price target on the stock in a report on Tuesday, August 1st. Finally, Royal Bank Of Canada raised their price target on Square from $24.00 to $31.00 and gave the company an “outperform” rating in a report on Thursday, August 3rd. Fourteen investment analysts have rated the stock with a hold rating and twenty-two have given a buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $32.37.

Square (NYSE:SQ) traded up $0.92 during trading on Thursday, reaching $40.66. The company’s stock had a trading volume of 20,675,900 shares, compared to its average volume of 7,365,774. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.81 and a quick ratio of 1.81. Square has a 1 year low of $11.76 and a 1 year high of $41.80.

Square (NYSE:SQ) last announced its earnings results on Wednesday, November 8th. The technology company reported $0.07 EPS for the quarter, topping the consensus estimate of $0.05 by $0.02. The company had revenue of $257.12 million for the quarter, compared to analysts’ expectations of $244.95 million. Square had a negative return on equity of 7.98% and a negative net margin of 3.04%. The business’s revenue for the quarter was up 44.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.01 earnings per share. equities analysts anticipate that Square will post -0.16 EPS for the current fiscal year.

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In related news, CFO Sarah Friar sold 38,400 shares of Square stock in a transaction that occurred on Thursday, August 24th. The stock was sold at an average price of $25.58, for a total value of $982,272.00. Following the sale, the chief financial officer now owns 366,103 shares of the company’s stock, valued at approximately $9,364,914.74. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Ajmere Dale sold 20,286 shares of the firm’s stock in a transaction that occurred on Monday, November 13th. The shares were sold at an average price of $39.12, for a total value of $793,588.32. Following the completion of the transaction, the insider now owns 134,518 shares of the company’s stock, valued at $5,262,344.16. The disclosure for this sale can be found here. In the last three months, insiders sold 1,394,791 shares of company stock worth $45,611,401. 32.68% of the stock is owned by insiders.

A number of hedge funds have recently bought and sold shares of the business. FMR LLC grew its stake in Square by 114.7% in the second quarter. FMR LLC now owns 23,888,617 shares of the technology company’s stock valued at $560,427,000 after purchasing an additional 12,764,491 shares in the last quarter. Vanguard Group Inc. grew its stake in Square by 73.4% in the second quarter. Vanguard Group Inc. now owns 19,034,862 shares of the technology company’s stock valued at $446,558,000 after purchasing an additional 8,058,892 shares in the last quarter. Capital World Investors grew its stake in Square by 32.8% in the second quarter. Capital World Investors now owns 15,597,830 shares of the technology company’s stock valued at $365,925,000 after purchasing an additional 3,853,000 shares in the last quarter. Allianz Asset Management GmbH grew its stake in Square by 31.0% in the third quarter. Allianz Asset Management GmbH now owns 13,302,170 shares of the technology company’s stock valued at $383,235,000 after purchasing an additional 3,147,558 shares in the last quarter. Finally, Renaissance Technologies LLC grew its stake in Square by 5.8% in the second quarter. Renaissance Technologies LLC now owns 9,076,600 shares of the technology company’s stock valued at $212,937,000 after purchasing an additional 498,100 shares in the last quarter. Hedge funds and other institutional investors own 53.24% 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)

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