Square Inc (SQ) Receives $37.62 Consensus Price Target from Analysts

Shares of Square Inc (NYSE:SQ) have been given an average rating of “Buy” by the forty ratings firms that are currently covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, thirteen have assigned a hold recommendation and twenty-five have issued a buy recommendation on the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $37.62.

Several equities research analysts have issued reports on the stock. Deutsche Bank boosted their price objective on shares of Square from $37.00 to $43.00 and gave the stock a “buy” rating in a research note on Thursday, February 15th. Zacks Investment Research upgraded shares of Square from a “hold” rating to a “buy” rating and set a $49.00 price objective for the company in a research note on Monday, February 5th. Susquehanna Bancshares boosted their price objective on shares of Square from $43.00 to $51.00 and gave the stock a “positive” rating in a research note on Monday, February 5th. Vetr upgraded shares of Square from a “hold” rating to a “buy” rating and set a $48.00 price objective for the company in a research note on Monday, February 5th. Finally, Nomura reissued a “buy” rating and set a $64.00 target price (up from $48.00) on shares of Square in a research report on Friday, January 19th.

In other Square news, CEO Jack Dorsey sold 50,000 shares of the business’s stock in a transaction on Wednesday, November 29th. The shares were sold at an average price of $40.48, for a total transaction of $2,024,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Sarah Friar sold 38,400 shares of the business’s stock in a transaction on Wednesday, November 22nd. The shares were 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 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 sold 1,266,741 shares of company stock worth $49,532,769 over the last ninety days. 32.68% of the stock is currently owned by corporate insiders.

A number of hedge funds have recently added to or reduced their stakes in the business. Allianz Asset Management GmbH increased its stake in Square by 31.0% during the third quarter. Allianz Asset Management GmbH now owns 13,302,170 shares of the technology company’s stock valued at $383,235,000 after purchasing an additional 3,147,558 shares during the last quarter. BlackRock Inc. increased its stake in Square by 18.4% during the fourth quarter. BlackRock Inc. now owns 13,005,859 shares of the technology company’s stock valued at $450,913,000 after purchasing an additional 2,024,019 shares during the last quarter. Sumitomo Mitsui Asset Management Company LTD increased its stake in Square by 7.4% during the fourth quarter. Sumitomo Mitsui Asset Management Company LTD now owns 4,153,187 shares of the technology company’s stock valued at $143,990,000 after purchasing an additional 284,712 shares during the last quarter. Clal Insurance Enterprises Holdings Ltd increased its stake in Square by 12.8% during the third quarter. Clal Insurance Enterprises Holdings Ltd now owns 3,600,000 shares of the technology company’s stock valued at $103,716,000 after purchasing an additional 409,800 shares during the last quarter. Finally, Columbus Circle Investors increased its stake in Square by 49.4% during the third quarter. Columbus Circle Investors now owns 2,789,773 shares of the technology company’s stock valued at $80,373,000 after purchasing an additional 922,214 shares during the last quarter. Hedge funds and other institutional investors own 53.31% of the company’s stock.

Square (SQ) traded up $1.74 on Friday, reaching $45.85. 11,148,040 shares of the company’s stock traded hands, compared to its average volume of 15,666,940. 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 has a 12 month low of $14.34 and a 12 month high of $49.56. The stock has a market capitalization of $17,990.00 and a P/E ratio of -269.76.

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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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