Square (NYSE:SQ)‘s stock had its “buy” rating reissued by analysts at Nomura in a note issued to investors on Friday, Marketbeat Ratings reports.

A number of other brokerages have also recently issued reports on SQ. Zacks Investment Research raised shares of Square from a “hold” rating to a “buy” rating and set a $32.00 target price on the stock in a report on Tuesday, October 3rd. Barclays boosted their target price on shares of Square from $28.00 to $37.00 and gave the company an “overweight” rating in a report on Thursday, November 9th. Stephens reissued a “buy” rating and set a $41.00 target price on shares of Square in a report on Wednesday, January 10th. Vetr cut shares of Square from a “buy” rating to a “hold” rating and set a $31.08 price target on the stock. in a report on Wednesday, October 4th. Finally, Wells Fargo & Co started coverage on shares of Square in a report on Tuesday, November 21st. They issued a “market perform” rating and a $42.00 price target on the stock. One analyst has rated the stock with a sell rating, fourteen have given a hold rating and twenty-four have given a buy rating to the company’s stock. Square currently has a consensus rating of “Buy” and an average price target of $35.37.

Shares of Square (SQ) traded up $0.21 during mid-day trading on Friday, reaching $40.27. 9,835,101 shares of the company’s stock were exchanged, compared to its average volume of 16,669,117. 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 $13.84 and a 1-year high of $49.56. The company has a market cap of $16,400.00 and a PE ratio of -236.88.

Square (NYSE:SQ) last issued its earnings results on Wednesday, November 8th. The technology company reported $0.07 earnings per share (EPS) for the quarter, beating 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 business had revenue of $257.12 million for the quarter, compared to analysts’ expectations of $244.95 million. During the same quarter in the previous year, the firm posted $0.01 EPS. The business’s revenue for the quarter was up 44.6% compared to the same quarter last year. analysts forecast that Square will post -0.15 EPS for the current fiscal year.

In other Square news, insider Hillary B. Smith sold 1,551 shares of the company’s stock in a transaction dated Tuesday, January 2nd. The shares were sold at an average price of $35.12, for a total transaction of $54,471.12. Following the completion of the sale, the insider now directly owns 487,482 shares in the company, valued at $17,120,367.84. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Hillary B. Smith sold 3,459 shares of the company’s stock in a transaction dated Friday, November 10th. The shares were sold at an average price of $38.95, for a total transaction of $134,728.05. Following the sale, the insider now owns 641,154 shares of the company’s stock, valued at $24,972,948.30. The disclosure for this sale can be found here. Insiders sold 1,631,132 shares of company stock valued at $63,618,154 over the last quarter. 32.68% of the stock is owned by company insiders.

A number of hedge funds and other institutional investors have recently bought and sold shares of SQ. FMR LLC boosted its position in Square by 114.7% during the second quarter. FMR LLC now owns 23,888,617 shares of the technology company’s stock valued at $560,427,000 after buying an additional 12,764,491 shares during the period. Vanguard Group Inc. boosted its holdings in shares of Square by 73.4% during the second quarter. Vanguard Group Inc. now owns 19,034,862 shares of the technology company’s stock worth $446,558,000 after purchasing an additional 8,058,892 shares during the period. Goldman Sachs Group Inc. boosted its holdings in shares of Square by 556.5% during the second quarter. Goldman Sachs Group Inc. now owns 4,594,445 shares of the technology company’s stock worth $107,786,000 after purchasing an additional 3,894,639 shares during the period. Capital World Investors boosted its holdings in shares of Square by 32.8% during the second quarter. Capital World Investors now owns 15,597,830 shares of the technology company’s stock worth $365,925,000 after purchasing an additional 3,853,000 shares during the period. Finally, Allianz Asset Management GmbH boosted its holdings in shares of Square by 31.0% during the third quarter. Allianz Asset Management GmbH now owns 13,302,170 shares of the technology company’s stock worth $383,235,000 after purchasing an additional 3,147,558 shares during the period. Institutional investors and hedge funds own 54.21% 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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