Square (NYSE:SQ) was upgraded by analysts at Vetr from a “hold” rating to a “buy” rating in a report issued on Monday. The brokerage presently has a $57.03 target price on the technology company’s stock. Vetr‘s price objective would indicate a potential upside of 4.49% from the stock’s current price.
Other equities analysts also recently issued research reports about the stock. Stephens reissued a “buy” rating and set a $41.00 price target on shares of Square in a report on Wednesday, January 10th. Deutsche Bank upped their price objective on shares of Square from $37.00 to $43.00 and gave the stock a “buy” rating in a report on Thursday, February 15th. Credit Suisse Group reaffirmed a “positive” rating and issued a $37.00 price objective (up previously from $31.00) on shares of Square in a report on Monday, November 20th. Zacks Investment Research raised shares of Square from a “hold” rating to a “buy” rating and set a $49.00 price objective for the company in a report on Monday, February 5th. Finally, Susquehanna Bancshares upped their price objective on shares of Square from $43.00 to $51.00 and gave the stock a “positive” rating in a report on Monday, February 5th. One analyst has rated the stock with a sell rating, thirteen have given a hold rating and twenty-five have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $42.70.
Shares of Square stock traded down $0.31 on Monday, hitting $54.58. 16,595,040 shares of the stock traded hands, compared to its average volume of 15,782,814. Square has a 52 week low of $16.11 and a 52 week high of $55.89. The firm has a market capitalization of $21,755.98, a P/E ratio of -341.13 and a beta of 4.56. The company has a current ratio of 1.83, a quick ratio of 1.83 and a debt-to-equity ratio of 0.46.
Square (NYSE:SQ) last announced its quarterly earnings results on Tuesday, February 27th. The technology company reported $0.08 earnings per share (EPS) for the quarter, beating the consensus estimate 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 company had revenue of $616.04 million during the quarter, compared to the consensus estimate of $601.63 million. equities analysts expect that Square will post 0.02 EPS for the current fiscal year.
In other Square news, insider Ajmere Dale sold 1,451 shares of the business’s stock in a transaction dated Friday, January 5th. The stock was sold at an average price of $40.00, for a total transaction of $58,040.00. Following the sale, the insider now owns 109,586 shares in the company, valued at approximately $4,383,440. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Hillary B. Smith sold 1,551 shares of the business’s stock in a transaction dated Tuesday, January 2nd. The stock was sold at an average price of $35.12, for a total value of $54,471.12. Following the sale, the insider now owns 487,482 shares in the company, valued at approximately $17,120,367.84. The disclosure for this sale can be found here. Over the last quarter, insiders sold 1,350,074 shares of company stock worth $61,071,884. 32.68% of the stock is owned by company insiders.
Hedge funds and other institutional investors have recently bought and sold shares of the business. Atlantic Trust Group LLC acquired a new stake in Square during the 3rd quarter worth about $1,143,000. Schwab Charles Investment Management Inc. raised its holdings in Square by 1,407.6% during the 3rd quarter. Schwab Charles Investment Management Inc. now owns 696,007 shares of the technology company’s stock worth $20,052,000 after buying an additional 649,841 shares during the period. California Public Employees Retirement System raised its holdings in Square by 4.1% during the 3rd quarter. California Public Employees Retirement System now owns 368,151 shares of the technology company’s stock worth $10,606,000 after buying an additional 14,451 shares during the period. Kessler Investment Group LLC raised its holdings in Square by 133.1% during the 4th quarter. Kessler Investment Group LLC now owns 11,725 shares of the technology company’s stock worth $407,000 after buying an additional 6,695 shares during the period. Finally, Nomura Asset Management Co. Ltd. acquired a new stake in Square during the 3rd quarter worth about $36,574,000. Hedge funds and other institutional investors own 52.05% of the company’s stock.
COPYRIGHT VIOLATION NOTICE: “Square (SQ) Raised to Buy at Vetr” was published by The Ledger Gazette and is the property of of The Ledger Gazette. If you are accessing this report on another domain, it was copied illegally and republished in violation of U.S. & international trademark & copyright laws. The correct version of this report can be read at https://ledgergazette.com/2018/03/20/square-sq-raised-to-buy-at-vetr.html.
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.
Receive News & Ratings for Square Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Square and related companies with MarketBeat.com's FREE daily email newsletter.