Craig Hallum cut shares of Square (NYSE:SQ) from a hold rating to a sell rating in a research report report published on Friday morning. Craig Hallum currently has $37.00 target price on the technology company’s stock.
Other equities research analysts have also recently issued reports about the company. Stephens restated a buy rating and set a $41.00 target price on shares of Square in a research report on Wednesday, January 10th. Deutsche Bank raised their target price on Square from $37.00 to $43.00 and gave the company a buy rating in a research report on Thursday, February 15th. Zacks Investment Research upgraded Square from a hold rating to a buy rating and set a $49.00 target price on the stock in a research report on Monday, February 5th. Vetr upgraded Square from a hold rating to a buy rating and set a $48.00 price objective on the stock in a report on Monday, February 5th. Finally, Susquehanna Bancshares lifted their price objective on Square from $43.00 to $51.00 and gave the stock a positive rating in a report on Monday, February 5th. Two analysts have rated the stock with a sell rating, eleven have given a hold rating and twenty-five have assigned a buy rating to the stock. Square currently has a consensus rating of Buy and a consensus price target of $43.03.
Square (NYSE SQ) traded down $3.49 during trading hours on Friday, hitting $51.67. The stock had a trading volume of 20,514,436 shares, compared to its average volume of 16,358,877. Square has a 52-week low of $16.22 and a 52-week high of $58.46. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.83 and a quick ratio of 1.83. The firm has a market cap of $21,863.00, a PE ratio of -322.94 and a beta of 4.56.
Square (NYSE:SQ) last posted its earnings results on Tuesday, February 27th. The technology company reported $0.08 EPS for the quarter, beating the Zacks’ consensus estimate of $0.07 by $0.01. Square had a negative return on equity of 6.60% and a negative net margin of 2.84%. The firm had revenue of $616.04 million for the quarter, compared to analysts’ expectations of $601.63 million. equities research analysts expect that Square will post 0.02 earnings per share for the current year.
In other news, insider Hillary B. Smith sold 1,551 shares of Square stock in a transaction that occurred on Tuesday, January 2nd. The shares were sold at an average price of $35.12, for a total transaction of $54,471.12. Following the sale, the insider now owns 487,482 shares of the company’s stock, valued at approximately $17,120,367.84. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Ajmere Dale sold 1,451 shares of Square stock in a transaction that occurred on Friday, January 5th. The shares were sold at an average price of $40.00, for a total transaction of $58,040.00. Following the sale, the insider now directly owns 109,586 shares in the company, valued at approximately $4,383,440. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 1,321,457 shares of company stock worth $60,422,201. Insiders own 32.68% of the company’s stock.
Several hedge funds have recently added to or reduced their stakes in SQ. The Manufacturers Life Insurance Company raised its position in Square by 8.5% in the second quarter. The Manufacturers Life Insurance Company now owns 11,706 shares of the technology company’s stock valued at $274,000 after purchasing an additional 921 shares during the period. Aperio Group LLC raised its position in Square by 25.7% in the third quarter. Aperio Group LLC now owns 12,041 shares of the technology company’s stock valued at $347,000 after purchasing an additional 2,460 shares during the period. Prudential Financial Inc. purchased a new stake in Square in the third quarter valued at approximately $205,000. Sei Investments Co. raised its position in Square by 55.7% in the third quarter. Sei Investments Co. now owns 156,127 shares of the technology company’s stock valued at $4,498,000 after purchasing an additional 55,848 shares during the period. Finally, Rhumbline Advisers raised its position in Square by 2.6% in the third quarter. Rhumbline Advisers now owns 249,929 shares of the technology company’s stock valued at $7,200,000 after purchasing an additional 6,384 shares during the period. 52.05% of the stock is currently owned by hedge funds and other institutional investors.
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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