Square (NYSE:SQ)‘s stock had its “buy” rating reaffirmed by equities research analysts at Stephens in a research note issued to investors on Wednesday. They currently have a $41.00 price objective on the technology company’s stock. Stephens’ target price suggests a potential upside of 0.29% from the company’s current price.

Several other research firms also recently issued reports on SQ. BTIG Research downgraded Square from a “neutral” rating to a “sell” rating and upped their price objective for the company from $12.38 to $30.00 in a research note on Monday, November 27th. Vetr raised Square from a “hold” rating to a “buy” rating and set a $51.38 price objective for the company in a research note on Thursday, November 23rd. Oppenheimer reissued a “buy” rating on shares of Square in a research report on Monday, November 20th. Wells Fargo & Co assumed coverage on shares of Square in a research report on Tuesday, November 21st. They set a “market perform” rating and a $42.00 target price for the company. Finally, Credit Suisse Group reissued a “positive” rating and set a $37.00 target price (up previously from $31.00) on shares of Square in a research report on Monday, November 20th. One equities research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and twenty-five have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $34.91.

Square (SQ) opened at $40.88 on Wednesday. The company has a market cap of $15,880.00 and a PE ratio of -240.47. The company has a quick ratio of 1.81, a current ratio of 1.81 and a debt-to-equity ratio of 0.48. Square has a fifty-two week low of $13.84 and a fifty-two week 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 analysts’ consensus estimates of $0.05 by $0.02. Square had a negative net margin of 3.04% and a negative return on equity of 7.98%. The firm had revenue of $257.12 million during the quarter, compared to analysts’ expectations of $244.95 million. During the same quarter in the prior year, the business earned $0.01 earnings per share. The business’s revenue for the quarter was up 44.6% compared to the same quarter last year. equities research analysts forecast that Square will post -0.15 EPS for the current fiscal year.

In other Square news, insider Ajmere Dale sold 1,451 shares of Square stock in a transaction dated Friday, January 5th. The stock was sold at an average price of $40.00, for a total transaction of $58,040.00. Following the completion of the transaction, the insider now owns 109,586 shares of the company’s stock, valued at approximately $4,383,440. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Jack Dorsey sold 50,000 shares of Square stock in a transaction dated Wednesday, November 29th. The shares were sold at an average price of $40.48, for a total value of $2,024,000.00. The disclosure for this sale can be found here. In the last three months, insiders sold 1,669,532 shares of company stock valued at $62,050,058. 32.68% of the stock is currently owned by insiders.

Institutional investors and hedge funds have recently modified their holdings of the company. Cambridge Investment Research Advisors Inc. lifted its position in Square by 0.3% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 10,150 shares of the technology company’s stock worth $175,000 after buying an additional 30 shares during the last quarter. Raymond James Trust N.A. lifted its position in Square by 1.3% in the 2nd quarter. Raymond James Trust N.A. now owns 15,193 shares of the technology company’s stock worth $357,000 after buying an additional 193 shares during the last quarter. Neuberger Berman Group LLC lifted its position in Square by 2.1% in the 2nd quarter. Neuberger Berman Group LLC now owns 10,212 shares of the technology company’s stock worth $240,000 after buying an additional 212 shares during the last quarter. Stifel Financial Corp lifted its position in Square by 1.8% in the 1st quarter. Stifel Financial Corp now owns 26,635 shares of the technology company’s stock worth $461,000 after buying an additional 473 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. lifted its position in Square by 1.1% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 46,166 shares of the technology company’s stock worth $1,084,000 after buying an additional 513 shares during the last quarter. Hedge funds and other institutional investors own 54.20% of the company’s stock.

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About Square

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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