Square, Inc. (SQ) Stock Rating Reaffirmed by Stephens

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Square, Inc. (SQ) Stock Rating Reaffirmed by Stephens


Square, Inc. (NYSE:SQ)‘s stock had its “overweight” rating reaffirmed by equities research analysts at Stephens in a research report issued to clients and investors on Thursday, November 9th, The Fly reports. They presently have a $38.00 price target on the technology company’s stock, up from their previous price target of $34.00. Stephens’ price objective would suggest a potential downside of 22.23% from the company’s current price. The analysts noted that the move was a valuation call.

Several other research firms have also commented on SQ. Stifel Nicolaus lowered shares of Square from a “buy” rating to a “hold” rating and boosted their price objective for the stock from $29.00 to $36.00 in a research note on Wednesday, November 1st. KeyCorp reissued an “overweight” rating and set a $40.00 price objective (up previously from $35.00) on shares of Square in a research note on Monday, November 6th. Citigroup Inc. lowered shares of Square from a “buy” rating to a “neutral” rating and set a $38.00 price objective on the stock. in a research note on Thursday, November 9th. Guggenheim raised shares of Square from a “neutral” rating to a “buy” rating and set a $44.00 price objective on the stock in a research note on Thursday, November 9th. Finally, Royal Bank Of Canada boosted their price objective on shares of Square from $31.00 to $41.00 and gave the stock an “outperform” rating in a research note on Thursday, November 9th. They noted that the move was a valuation call. Fourteen research analysts have rated the stock with a hold rating and twenty-four have issued a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $33.61.

Shares of Square (SQ) traded up $0.05 on Thursday, hitting $48.86. 16,562,670 shares of the stock were exchanged, compared to its average volume of 17,152,278. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.81 and a current ratio of 1.81. Square has a 52-week low of $12.38 and a 52-week high of $49.56.

Square (NYSE:SQ) last announced its earnings results on Wednesday, November 8th. The technology company reported $0.07 earnings per share for the quarter, beating analysts’ consensus estimates of $0.05 by $0.02. The firm had revenue of $257.12 million for the quarter, compared to analyst estimates of $244.95 million. Square had a negative net margin of 3.04% and a negative return on equity of 7.98%. The company’s revenue for the quarter was up 44.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.01 EPS. research analysts expect that Square will post -0.16 EPS for the current year.

In other Square news, insider Hillary B. Smith sold 3,459 shares of the company’s stock in a transaction that occurred on Friday, November 10th. The shares were sold at an average price of $38.95, for a total transaction of $134,728.05. Following the completion of the sale, the insider now directly owns 641,154 shares of the company’s stock, valued at $24,972,948.30. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Ajmere Dale sold 20,286 shares of the company’s stock in a transaction that occurred 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 sale, 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. Insiders have sold 1,375,591 shares of company stock valued at $45,952,777 over the last three months. 32.68% of the stock is owned by corporate insiders.

A number of hedge funds have recently made changes to their positions in SQ. FMR LLC increased its holdings in Square by 114.7% during the second quarter. FMR LLC now owns 23,888,617 shares of the technology company’s stock valued at $560,427,000 after buying an additional 12,764,491 shares during the last quarter. Vanguard Group Inc. increased its holdings in Square by 73.4% during the second quarter. Vanguard Group Inc. now owns 19,034,862 shares of the technology company’s stock valued at $446,558,000 after buying an additional 8,058,892 shares during the last quarter. BlackRock Inc. increased its holdings in Square by 7,162.2% during the first quarter. BlackRock Inc. now owns 5,383,325 shares of the technology company’s stock valued at $93,023,000 after buying an additional 5,309,197 shares during the last quarter. Goldman Sachs Group Inc. increased its holdings in Square by 556.5% during the second quarter. Goldman Sachs Group Inc. now owns 4,594,445 shares of the technology company’s stock valued at $107,786,000 after buying an additional 3,894,639 shares during the last quarter. Finally, Capital World Investors increased its holdings in Square by 32.8% during the second quarter. Capital World Investors now owns 15,597,830 shares of the technology company’s stock valued at $365,925,000 after buying an additional 3,853,000 shares during the last quarter. 53.64% of the stock is owned by institutional investors and hedge funds.

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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