Cowen assumed coverage on shares of Square (NYSE:SQ) in a research report issued on Monday. The brokerage set a “market perform” rating and a $36.00 price target on the technology company’s stock. Cowen’s price objective suggests a potential downside of 5.54% from the company’s current price. The analysts noted that the move was a valuation call.

A number of other analysts also recently commented on the company. Goldman Sachs Group upgraded Square to a “buy” rating in a research report on Thursday, November 16th. Vetr upgraded Square from a “buy” rating to a “strong-buy” rating and set a $39.78 target price on the stock in a research report on Wednesday, October 25th. Evercore ISI upgraded Square from an “in-line” rating to an “outperform” rating and set a $51.00 target price on the stock in a research report on Friday, November 17th. Stephens reiterated an “overweight” rating and set a $38.00 target price (up from $34.00) on shares of Square in a research report on Thursday, November 9th. They noted that the move was a valuation call. Finally, Guggenheim upgraded Square from a “neutral” rating to a “buy” rating and set a $44.00 price objective on the stock in a research report on Thursday, November 9th. One research analyst has rated the stock with a sell rating, fourteen have issued a hold rating and twenty-four have given a buy rating to the company’s stock. Square has a consensus rating of “Buy” and an average target price of $33.94.

Square (NYSE SQ) traded up $0.02 on Monday, reaching $38.11. The company’s stock had a trading volume of 9,945,387 shares, compared to its average volume of 9,197,022. The company has a current ratio of 1.81, a quick ratio of 1.81 and a debt-to-equity ratio of 0.48. Square has a one year low of $13.53 and a one year high of $49.56.

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

In other Square news, Director James Morgan Jr. Mckelvey sold 400,000 shares of the company’s stock in a transaction dated Tuesday, October 17th. The stock was sold at an average price of $32.72, for a total transaction of $13,088,000.00. Following the completion of the sale, the director now directly owns 507,732 shares in the company, valued at $16,612,991.04. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Sarah Friar sold 38,400 shares of the company’s stock in a transaction dated Wednesday, November 22nd. The stock was sold at an average price of $47.24, for a total value of $1,814,016.00. Following the sale, the chief financial officer now owns 355,566 shares of the company’s stock, valued at $16,796,937.84. The disclosure for this sale can be found here. Insiders sold 1,129,827 shares of company stock valued at $41,081,434 over the last quarter. Insiders own 32.68% of the company’s stock.

Several hedge funds have recently bought and sold shares of the company. Almanack Investment Partners LLC. purchased a new position in Square in the second quarter valued at about $117,000. Riverhead Capital Management LLC purchased a new position in Square in the second quarter valued at about $149,000. Hudock Capital Group LLC purchased a new position in Square in the third quarter valued at about $157,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Square by 19.4% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,752 shares of the technology company’s stock valued at $158,000 after purchasing an additional 1,099 shares during the last quarter. Finally, Pacer Advisors Inc. boosted its holdings in Square by 42.2% in the second quarter. Pacer Advisors Inc. now owns 8,368 shares of the technology company’s stock valued at $196,000 after purchasing an additional 2,485 shares during the last quarter. Institutional investors and hedge funds own 54.31% of the company’s stock.

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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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