Square (NYSE:SQ) had its target price upped by Nomura from $45.00 to $48.00 in a research report report published on Thursday, November 16th. The firm currently has a buy rating on the technology company’s stock.
Other equities research analysts also recently issued research reports about the company. Deutsche Bank boosted their price target on Square to $28.00 and gave the company a buy rating in a research report on Monday, July 24th. Needham & Company LLC reissued a buy rating and set a $30.00 price target (up previously from $20.00) on shares of Square in a research report on Thursday, August 3rd. Zacks Investment Research raised Square from a hold rating to a buy rating and set a $30.00 price target for the company in a research report on Tuesday, August 1st. Stifel Nicolaus reissued a buy rating and set a $29.00 price target (up previously from $23.00) on shares of Square in a research report on Sunday, July 30th. Finally, BidaskClub downgraded Square from a strong-buy rating to a buy rating in a research report on Saturday, August 5th. One equities research analyst has rated the stock with a sell rating, thirteen have issued a hold rating and twenty-four have issued a buy rating to the company. Square currently has an average rating of Buy and an average price target of $33.82.
Square (SQ) opened at $36.87 on Thursday. Square has a 12 month low of $13.03 and a 12 month 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 released its earnings results on Wednesday, November 8th. The technology company reported $0.07 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.05 by $0.02. The firm 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%. The business’s quarterly revenue was up 44.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.01 earnings per share. analysts predict that Square will post -0.16 EPS for the current fiscal year.
In other Square news, Director James Morgan Jr. Mckelvey sold 400,000 shares of the company’s stock in a transaction that occurred on Monday, September 11th. The stock was sold at an average price of $27.22, for a total transaction of $10,888,000.00. Following the sale, the director now owns 507,385 shares in the company, valued at $13,811,019.70. The sale 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 the company’s stock in a transaction that occurred on Wednesday, November 22nd. The shares were sold at an average price of $47.24, for a total value of $1,814,016.00. Following the sale, the chief financial officer now owns 355,566 shares in the company, valued at approximately $16,796,937.84. The disclosure for this sale can be found here. Insiders sold 1,425,591 shares of company stock valued at $47,976,777 in the last three months. 32.68% of the stock is currently owned by company insiders.
A number of hedge funds and other institutional investors have recently made changes to their positions in SQ. FMR LLC raised its stake in Square by 114.7% during the second quarter. FMR LLC now owns 23,888,617 shares of the technology company’s stock valued at $560,427,000 after buying an additional 12,764,491 shares in the last quarter. Vanguard Group Inc. raised its stake in Square by 73.4% during the second quarter. Vanguard Group Inc. now owns 19,034,862 shares of the technology company’s stock valued at $446,558,000 after buying an additional 8,058,892 shares in the last quarter. BlackRock Inc. raised its stake in Square by 7,162.2% during the first quarter. BlackRock Inc. now owns 5,383,325 shares of the technology company’s stock valued at $93,023,000 after buying an additional 5,309,197 shares in the last quarter. Goldman Sachs Group Inc. raised its stake in Square by 556.5% during the second quarter. Goldman Sachs Group Inc. now owns 4,594,445 shares of the technology company’s stock valued at $107,786,000 after buying an additional 3,894,639 shares in the last quarter. Finally, Capital World Investors raised its stake in Square by 32.8% during the second quarter. Capital World Investors now owns 15,597,830 shares of the technology company’s stock valued at $365,925,000 after buying an additional 3,853,000 shares in the last quarter. Hedge funds and other institutional investors own 54.31% of the company’s stock.
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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.
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