Square (NYSE:SQ)‘s stock had its “buy” rating restated by equities research analysts at Nomura in a note issued to investors on Friday, MarketBeat.com reports.

SQ has been the topic of several other research reports. Morgan Stanley raised their price target on shares of Square from $26.00 to $40.00 and gave the company a “hold” rating in a report on Tuesday, December 19th. They noted that the move was a valuation call. Citigroup raised their price target on shares of Square from $30.00 to $38.00 and gave the company a “buy” rating in a report on Wednesday, October 18th. Goldman Sachs Group upgraded shares of Square to a “buy” rating in a report on Thursday, November 16th. Oppenheimer started coverage on shares of Square in a report on Thursday, October 12th. They issued an “outperform” rating and a $35.00 price target on the stock. Finally, Zacks Investment Research upgraded shares of Square from a “hold” rating to a “buy” rating and set a $32.00 price target on the stock in a report on Tuesday, October 3rd. One investment 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. The stock currently has an average rating of “Buy” and an average target price of $35.37.

Shares of Square (NYSE:SQ) traded up $0.21 during mid-day trading on Friday, hitting $40.27. 9,835,101 shares of the stock traded hands, compared to its average volume of 16,669,117. The stock has a market cap of $16,500.00 and a price-to-earnings ratio of -236.88. 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 quick ratio of 1.81 and a current ratio of 1.81.

Square (NYSE:SQ) last announced its quarterly earnings data on Wednesday, November 8th. The technology company reported $0.07 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.05 by $0.02. The business had revenue of $257.12 million for the quarter, compared to analyst estimates of $244.95 million. Square had a negative net margin of 3.04% and a negative return on equity of 7.98%. The company’s revenue was up 44.6% on a year-over-year basis. During the same period in the prior year, the firm posted $0.01 EPS. equities analysts expect that Square will post -0.15 earnings per share for the current year.

In other news, Director James Morgan Jr. Mckelvey sold 400,000 shares of the firm’s stock in a transaction that occurred on Monday, November 13th. The shares were sold at an average price of $39.15, for a total transaction of $15,660,000.00. Following the completion of the sale, the director now owns 507,732 shares of the company’s stock, valued at $19,877,707.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Sarah Friar sold 38,400 shares of the firm’s stock in a transaction that occurred on Wednesday, November 22nd. The stock was sold at an average price of $47.24, for a total transaction of $1,814,016.00. Following the sale, the chief financial officer now directly owns 355,566 shares of the company’s stock, valued at approximately $16,796,937.84. 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 quarter. Insiders own 32.68% of the company’s stock.

Hedge funds have recently added to or reduced their stakes in the company. State of Alaska Department of Revenue acquired a new position in Square in the fourth quarter worth $624,000. Fox Run Management L.L.C. acquired a new position in Square in the fourth quarter worth $450,000. Westpac Banking Corp acquired a new position in Square in the fourth quarter worth $555,000. Livforsakringsbolaget Skandia Omsesidigt acquired a new position in Square in the fourth quarter worth $139,000. Finally, Schwab Charles Investment Management Inc. boosted its holdings in Square by 11.8% in the fourth quarter. Schwab Charles Investment Management Inc. now owns 778,123 shares of the technology company’s stock worth $26,978,000 after purchasing an additional 82,116 shares during the period. 54.21% of the stock is 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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