Square (NYSE:SQ) had its target price boosted by Buckingham Research from $52.00 to $55.00 in a research report released on Tuesday. Buckingham Research currently has a buy rating on the technology company’s stock.
A number of other equities analysts have also weighed in on SQ. Vetr upgraded shares of Square from a hold rating to a buy rating and set a $58.39 price objective on the stock in a research report on Monday, March 26th. Stifel Nicolaus lifted their price objective on shares of Square from $37.00 to $46.00 and gave the company a hold rating in a research report on Wednesday, February 28th. UBS lifted their price objective on shares of Square to $47.00 and gave the company a buy rating in a research report on Wednesday, February 28th. Canaccord Genuity lifted their price objective on shares of Square from $33.00 to $40.00 and gave the company a hold rating in a research report on Wednesday, February 28th. Finally, Deutsche Bank lifted their price objective on shares of Square from $47.00 to $57.00 and gave the company a buy rating in a research report on Friday, March 23rd. Two research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and twenty-five have assigned a buy rating to the company. Square presently has an average rating of Buy and an average price target of $43.85.
NYSE:SQ opened at $45.87 on Tuesday. Square has a 1-year low of $16.66 and a 1-year high of $58.46. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.83 and a current ratio of 1.83. The firm has a market capitalization of $19,033.02, a P/E ratio of -458.70 and a beta of 4.21.
Square (NYSE:SQ) last posted its quarterly earnings data on Tuesday, February 27th. The technology company reported $0.08 earnings per share for the quarter, beating analysts’ consensus estimates of $0.07 by $0.01. Square had a negative net margin of 2.84% and a negative return on equity of 6.60%. The firm had revenue of $616.04 million for the quarter, compared to analyst estimates of $601.63 million. analysts forecast that Square will post 0.02 earnings per share for the current fiscal year.
In related news, Director James Morgan Jr. Mckelvey sold 400,000 shares of the business’s stock in a transaction dated Tuesday, January 16th. The shares were sold at an average price of $39.79, for a total value of $15,916,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Sarah Friar sold 38,400 shares of the business’s stock in a transaction dated Friday, January 19th. The shares were sold at an average price of $41.46, for a total transaction of $1,592,064.00. Following the completion of the transaction, the chief financial officer now directly 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 sold a total of 1,372,655 shares of company stock worth $62,988,834 over the last quarter. Insiders own 32.68% of the company’s stock.
Hedge funds have recently made changes to their positions in the stock. Strs Ohio acquired a new position in Square in the 4th quarter valued at about $110,000. Harvest Fund Management Co. Ltd acquired a new position in Square in the 4th quarter valued at about $131,000. Livforsakringsbolaget Skandia Omsesidigt acquired a new position in Square in the 4th quarter valued at about $139,000. American International Group Inc. acquired a new position in Square in the 4th quarter valued at about $200,000. Finally, Commerce Bank acquired a new position in Square in the 4th quarter valued at about $201,000. 52.06% of the stock is owned by hedge funds and other institutional investors.
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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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