Square (SQ) Price Target Raised to $51.00 at Susquehanna Bancshares

Square (NYSE:SQ) had its price objective boosted by Susquehanna Bancshares from $43.00 to $51.00 in a report issued on Monday. The brokerage currently has a “positive” rating on the technology company’s stock. Susquehanna Bancshares’ target price would indicate a potential upside of 17.97% from the stock’s previous close.

A number of other brokerages have also weighed in on SQ. BTIG Research lowered Square from a “neutral” rating to a “sell” rating and lifted their target price for the company from $12.38 to $30.00 in a research report on Monday, November 27th. Vetr raised Square from a “hold” rating to a “buy” rating and set a $51.38 target price for the company in a research report on Thursday, November 23rd. Zacks Investment Research raised Square from a “hold” rating to a “buy” rating and set a $51.00 target price for the company in a research report on Tuesday, January 23rd. Oppenheimer reissued a “buy” rating on shares of Square in a research report on Monday, November 20th. Finally, Wells Fargo & Co began coverage on Square in a research report on Tuesday, November 21st. They issued a “market perform” rating and a $42.00 price target for the company. One equities research 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 an average rating of “Buy” and a consensus target price of $37.01.

Shares of Square (NYSE:SQ) traded down $0.38 during midday trading on Monday, reaching $43.23. The company’s stock had a trading volume of 3,801,020 shares, compared to its average volume of 15,505,783. The company has a current ratio of 1.81, a quick ratio of 1.81 and a debt-to-equity ratio of 0.48. The company has a market cap of $16,950.00 and a price-to-earnings ratio of -249.00. Square has a 1-year low of $13.84 and a 1-year high of $49.56.

Square (NYSE:SQ) last issued its earnings results on Wednesday, November 8th. The technology company reported $0.07 earnings per share 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 analyst estimates of $244.95 million. Square had a negative return on equity of 7.98% and a negative net margin of 3.04%. Square’s revenue was up 44.6% on a year-over-year basis. During the same period in the previous year, the company posted $0.01 EPS. equities research analysts anticipate that Square will post -0.15 earnings per share for the current year.

In other Square news, insider Ajmere Dale sold 20,286 shares of the stock in a transaction that occurred on Monday, November 13th. The stock was sold at an average price of $39.12, for a total transaction of $793,588.32. Following the transaction, the insider now owns 134,518 shares in the company, valued at $5,262,344.16. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Sarah Friar sold 38,400 shares of the stock in a transaction that occurred on 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 transaction, the chief financial officer now owns 349,123 shares in the company, valued at approximately $14,474,639.58. The disclosure for this sale can be found here. Insiders sold 1,669,532 shares of company stock worth $65,210,218 in the last 90 days. Company insiders own 32.68% of the company’s stock.

A number of hedge funds have recently modified their holdings of the business. Public Employees Retirement Association of Colorado boosted its position in Square by 108.9% during the fourth quarter. Public Employees Retirement Association of Colorado now owns 1,398,105 shares of the technology company’s stock worth $48,472,000 after purchasing an additional 728,744 shares in the last quarter. SeaCrest Wealth Management LLC purchased a new position in Square during the fourth quarter worth approximately $364,000. US Bancorp DE boosted its position in Square by 20.2% during the fourth quarter. US Bancorp DE now owns 10,251 shares of the technology company’s stock worth $355,000 after purchasing an additional 1,724 shares in the last quarter. Aperio Group LLC boosted its position in Square by 23.0% during the fourth quarter. Aperio Group LLC now owns 14,809 shares of the technology company’s stock worth $513,000 after purchasing an additional 2,768 shares in the last quarter. Finally, Telemus Capital LLC purchased a new position in Square during the fourth quarter worth approximately $406,000. Institutional investors own 54.66% of the company’s stock.

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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)