Square Inc (SQ) Given Average Rating of “Buy” by Analysts

Square Inc (NYSE:SQ) has been assigned a consensus recommendation of “Buy” from the forty research firms that are covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, fourteen have issued a hold recommendation and twenty-four have issued a buy recommendation on the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $36.22.

Several research analysts recently commented on SQ shares. BTIG Research lowered shares of Square from a “neutral” rating to a “sell” rating and raised their price target for the company from $12.38 to $30.00 in a report on Monday, November 27th. Vetr raised shares of Square from a “hold” rating to a “buy” rating and set a $51.38 price objective for the company in a research report on Thursday, November 23rd. Oppenheimer reaffirmed a “buy” rating on shares of Square in a research report on Monday, November 20th. Wells Fargo & Co initiated coverage on shares of Square in a research report on Tuesday, November 21st. They issued a “market perform” rating and a $42.00 price objective for the company. Finally, Credit Suisse Group reaffirmed a “positive” rating and issued a $37.00 price objective (up previously from $31.00) on shares of Square in a research report on Monday, November 20th.

Square (NYSE SQ) opened at $45.29 on Tuesday. The firm has a market cap of $17,600.00 and a PE ratio of -266.41. Square has a 1-year low of $13.84 and a 1-year high of $49.56. 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 (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. research analysts anticipate that Square will post -0.15 earnings per share for the current year.

In other Square news, Director James Morgan Jr. Mckelvey sold 400,000 shares of Square stock in a transaction on Monday, November 13th. The shares were sold at an average price of $39.15, for a total value of $15,660,000.00. Following the completion of the transaction, 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 SEC, which is accessible through the SEC website. Also, CFO Sarah Friar sold 38,400 shares of Square stock in a transaction 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 completion of the transaction, 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 1,669,532 shares of company stock valued at $65,210,218 in the last three months. Corporate insiders own 32.68% of the company’s stock.

A number of institutional investors have recently added to or reduced their stakes in the business. Schwab Charles Investment Management Inc. lifted its stake in Square by 1.1% in the second quarter. Schwab Charles Investment Management Inc. now owns 46,166 shares of the technology company’s stock valued at $1,084,000 after buying an additional 513 shares during the last quarter. Legal & General Group Plc lifted its stake in Square by 178.4% in the second quarter. Legal & General Group Plc now owns 79,452 shares of the technology company’s stock valued at $1,864,000 after buying an additional 50,912 shares during the last quarter. Comerica Bank bought a new stake in Square in the second quarter valued at $240,000. Neuberger Berman Group LLC lifted its stake in Square by 2.1% in the second quarter. Neuberger Berman Group LLC now owns 10,212 shares of the technology company’s stock valued at $240,000 after buying an additional 212 shares during the last quarter. Finally, Principal Financial Group Inc. lifted its stake in Square by 299.3% in the second quarter. Principal Financial Group Inc. now owns 53,031 shares of the technology company’s stock valued at $1,244,000 after buying an additional 39,749 shares during the last quarter. 54.29% of the stock is owned by hedge funds and other institutional investors.

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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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