Square, Inc. (NYSE:SQ)‘s stock had its “buy” rating reissued by Oppenheimer Holdings, Inc. in a research report issued on Monday.
Several other equities analysts have also recently issued reports on SQ. Credit Suisse Group restated a “neutral” rating and set a $26.00 target price (up previously from $25.00) on shares of Square in a research note on Wednesday, August 9th. Vetr cut shares of Square from a “buy” rating to a “hold” rating and set a $45.60 target price on the stock. in a research note on Monday. Royal Bank Of Canada restated an “outperform” rating and set a $31.00 target price (up previously from $24.00) on shares of Square in a research note on Wednesday, August 9th. Jefferies Group LLC upped their target price on shares of Square from $38.00 to $44.00 and gave the company a “buy” rating in a research note on Monday, November 13th. Finally, Zacks Investment Research cut shares of Square from a “buy” rating to a “hold” rating in a research note on Tuesday, November 14th. Fifteen equities research analysts have rated the stock with a hold rating and twenty-three have given a buy rating to the company’s stock. Square currently has an average rating of “Buy” and an average target price of $33.44.
Square (NYSE:SQ) opened at $48.06 on Monday. The company has a quick ratio of 1.81, a current ratio of 1.81 and a debt-to-equity ratio of 0.48. Square has a one year low of $12.25 and a one year high of $48.24.
Square (NYSE:SQ) last posted its earnings results on Wednesday, November 8th. The technology company reported $0.07 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.05 by $0.02. The business had revenue of $257.12 million for the quarter, compared to analysts’ expectations of $244.95 million. Square had a negative net margin of 3.04% and a negative return on equity of 7.98%. The business’s revenue for the quarter was up 44.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.01 EPS. equities research analysts expect that Square will post -0.16 earnings per share for the current year.
In related news, insider Hillary B. Smith sold 3,459 shares of the firm’s stock in a transaction on Friday, November 10th. The shares were sold at an average price of $38.95, for a total value of $134,728.05. Following the completion of the transaction, the insider now directly owns 641,154 shares of the company’s stock, valued at $24,972,948.30. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Ajmere Dale sold 20,286 shares of the firm’s stock in a transaction on Monday, November 13th. The shares were sold at an average price of $39.12, for a total transaction of $793,588.32. Following the completion of the transaction, the insider now directly owns 134,518 shares of the company’s stock, valued at $5,262,344.16. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 1,375,591 shares of company stock valued at $45,121,033. Insiders own 32.68% of the company’s stock.
Several hedge funds have recently bought and sold shares of SQ. Almanack Investment Partners LLC. purchased a new position in shares of Square in the second quarter valued at $117,000. Riverhead Capital Management LLC purchased a new position in shares of Square in the second quarter valued at $149,000. Hudock Capital Group LLC purchased a new position in shares of Square in the third quarter valued at $157,000. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of Square by 19.4% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,752 shares of the technology company’s stock valued at $158,000 after purchasing an additional 1,099 shares in the last quarter. Finally, Pacer Advisors Inc. grew its holdings in shares of Square by 42.2% in the second quarter. Pacer Advisors Inc. now owns 8,368 shares of the technology company’s stock valued at $196,000 after purchasing an additional 2,485 shares in the last quarter. 53.64% of the stock is owned by hedge funds and other institutional investors.
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.