Square (SQ) Receives Buy Rating from Nomura

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

Several other analysts have also recently commented on the company. Vetr cut Square from a “buy” rating to a “hold” rating and set a $45.60 price target for the company. in a research report on Monday, November 20th. Cantor Fitzgerald boosted their price target on Square to $41.00 and gave the stock an “overweight” rating in a research report on Thursday, November 9th. Oppenheimer reiterated a “buy” rating on shares of Square in a research report on Monday, November 20th. Royal Bank of Canada reiterated a “buy” rating and set a $31.00 price target on shares of Square in a research report on Sunday, October 8th. Finally, Zacks Investment Research cut Square from a “buy” rating to a “hold” rating in a research report on Wednesday, October 4th. 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 stock. The company presently has an average rating of “Buy” and an average price target of $35.37.

Square (SQ) traded up $2.29 during trading on Friday, hitting $42.56. The stock had a trading volume of 24,090,000 shares, compared to its average volume of 16,200,000. The stock has a market capitalization of $16,540.00 and a PE ratio of -250.35. Square has a 1-year low of $13.84 and a 1-year high of $49.56. 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 (NYSE:SQ) last posted its quarterly earnings data on Wednesday, November 8th. The technology company reported $0.07 EPS for the quarter, beating the Zacks’ consensus estimate of $0.05 by $0.02. The business had revenue of $257.12 million during 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 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 forecast that Square will post -0.15 EPS for the current fiscal year.

In other news, insider Ajmere Dale sold 20,286 shares of the company’s stock in a transaction on Monday, November 13th. The stock was sold at an average price of $39.12, for a total value of $793,588.32. Following the transaction, the insider now owns 134,518 shares of the company’s stock, valued at approximately $5,262,344.16. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Hillary B. Smith sold 3,459 shares of the company’s stock in a transaction on Friday, November 10th. The shares were sold at an average price of $38.95, for a total value of $134,728.05. Following the completion of the transaction, the insider now directly owns 641,154 shares in the company, valued at approximately $24,972,948.30. The disclosure for this sale can be found here. Insiders have sold 1,631,132 shares of company stock worth $63,618,154 in the last three months. 32.68% of the stock is currently owned by corporate insiders.

Several institutional investors have recently made changes to their positions in the company. Eagle Capital Management LLC lifted its stake in shares of Square by 9.3% in the 4th quarter. Eagle Capital Management LLC now owns 81,373 shares of the technology company’s stock valued at $2,821,000 after purchasing an additional 6,924 shares during the last quarter. State of Alaska Department of Revenue acquired a new position in shares of Square in the 4th quarter valued at $624,000. Fox Run Management L.L.C. acquired a new position in shares of Square in the 4th quarter valued at $450,000. Westpac Banking Corp acquired a new position in shares of Square in the 4th quarter valued at $555,000. Finally, Livforsakringsbolaget Skandia Omsesidigt acquired a new position in shares of Square in the 4th quarter valued at $139,000. 54.21% of the stock is currently owned by institutional investors and hedge funds.

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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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