Weekly Investment Analysts’ Ratings Changes for Square (SQ)

A number of research firms have changed their ratings and price targets for Square (NYSE: SQ):

  • 2/5/2018 – Square was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $49.00 price target on the stock. According to Zacks, “Square has substantially outperformed the industry it belongs to in the past 12 months. The company is currently benifiting from strength in core payments business and operating expense leverage. The company’s comprehensive commerce ecosystem, accelerated business growth and focus on integration, automation, and platform are key catalysts. Meanwhile, automation is enabling the company to increase reach of financial system to more people, scale up its own operations and help sellers with advanced CRM tools. Moreover, the company displays consistent business growth through balancing investment and margin expansion. However, vulnerability to intense competition and changing technology, industry standards and seller and buyer needs pose significant challenges.”
  • 2/5/2018 – Square had its price target raised by analysts at Susquehanna Bancshares Inc from $43.00 to $51.00. They now have a “positive” rating on the stock.
  • 2/5/2018 – Square was upgraded by analysts at Vetr from a “hold” rating to a “buy” rating. They now have a $48.00 price target on the stock.
  • 2/2/2018 – Square was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Square is currently benifiting from strength in core payments business and operating expense leverage. The company’s comprehensive commerce ecosystem, accelerated business growth and focus on integration, automation, and platform are key catalysts. Meanwhile, automation is enabling the company to increase reach of financial system to more people, scale up its own operations and help sellers with advanced CRM tools. Moreover, the company displays consistent business growth through balancing investment and margin expansion. However, vulnerability to intense competition and changing technology, industry standards and seller and buyer needs pose significant challenges. Notably, in past 12 months, the stock has substantially outperformed the industry it belongs to.”
  • 1/29/2018 – Square was downgraded by analysts at Vetr from a “strong-buy” rating to a “buy” rating. They now have a $48.67 price target on the stock.
  • 1/23/2018 – Square was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $51.00 price target on the stock. According to Zacks, “Square is currently benifiting from strength in core payments business and operating expense leverage. The company’s comprehensive commerce ecosystem, accelerated business growth and focus on integration, automation, and platform are key catalysts. Meanwhile, automation is enabling the company to increase reach of financial system to more people, scale up its own operations and help sellers with advanced CRM tools. Moreover, the company displays consistent business growth through balancing investment and margin expansion. However, vulnerability to intense competition and changing technology, industry standards and seller and buyer needs pose significant challenges. Notably, in past 12 months, the stock has substantially outperformed the industry it belongs to.”
  • 1/19/2018 – Square had its “buy” rating reaffirmed by analysts at Nomura. They now have a $64.00 price target on the stock, up previously from $48.00.
  • 1/10/2018 – Square had its “buy” rating reaffirmed by analysts at Stephens. They now have a $41.00 price target on the stock.
  • 1/5/2018 – Square had its “buy” rating reaffirmed by analysts at Barclays PLC. They now have a $43.00 price target on the stock.
  • 1/4/2018 – Square is now covered by analysts at Buckingham Research. They set a “buy” rating and a $42.00 price target on the stock.
  • 12/19/2017 – Square had its price target raised by analysts at Morgan Stanley from $26.00 to $40.00. They now have a “hold” rating on the stock. They noted that the move was a valuation call. They noted that the move was a valuation call.

Square Inc (NYSE SQ) opened at $39.92 on Tuesday. The stock has a market capitalization of $15,510.00 and a price-to-earnings ratio of -234.82. 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 Inc has a one year low of $13.84 and a one year high of $49.56.

In related news, insider Ajmere Dale sold 2,814 shares of Square stock in a transaction dated Monday, December 4th. The stock was sold at an average price of $37.23, for a total transaction of $104,765.22. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Sarah Friar sold 38,400 shares of Square stock in a transaction dated Friday, January 19th. The stock was sold at an average price of $41.46, for a total value of $1,592,064.00. Following the sale, the chief financial officer now owns 349,123 shares of the company’s stock, valued at approximately $14,474,639.58. The disclosure for this sale can be found here. Insiders have sold a total of 1,228,341 shares of company stock valued at $47,941,857 in the last ninety days. Corporate insiders own 32.68% of the company’s stock.

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.

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