Square, Inc. (NYSE:SQ) Receives Consensus Rating of “Hold” from Analysts

Square, Inc. (NYSE:SQ) has been given a consensus rating of “Hold” by the thirty-three analysts that are covering the stock, Marketbeat reports. Four investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and sixteen have assigned a buy rating to the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $72.15.

SQ has been the subject of a number of recent analyst reports. ValuEngine raised Square from a “hold” rating to a “buy” rating in a research note on Friday, November 1st. KeyCorp decreased their price objective on Square from $100.00 to $75.00 and set an “overweight” rating for the company in a research report on Friday, September 20th. SunTrust Banks raised shares of Square from a “hold” rating to a “buy” rating in a research note on Tuesday, September 3rd. Moffett Nathanson upgraded shares of Square from a “neutral” rating to a “buy” rating in a report on Tuesday, September 3rd. Finally, Bank of America set a $70.00 price objective on shares of Square and gave the stock a “hold” rating in a research report on Tuesday, September 24th.

In other Square news, insider Alyssa Henry sold 20,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 10th. The stock was sold at an average price of $60.26, for a total value of $1,205,200.00. Following the completion of the transaction, the insider now directly owns 442,168 shares in the company, valued at $26,645,043.68. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Jacqueline D. Reses sold 90,455 shares of the business’s stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $62.28, for a total value of $5,633,537.40. Following the transaction, the insider now directly owns 368,157 shares in the company, valued at approximately $22,928,817.96. The disclosure for this sale can be found here. Insiders own 21.79% of the company’s stock.

A number of large investors have recently added to or reduced their stakes in SQ. AdvisorNet Financial Inc lifted its holdings in shares of Square by 1.5% during the second quarter. AdvisorNet Financial Inc now owns 9,338 shares of the technology company’s stock worth $677,000 after buying an additional 140 shares in the last quarter. Forte Capital LLC ADV boosted its stake in shares of Square by 12.3% in the second quarter. Forte Capital LLC ADV now owns 63,395 shares of the technology company’s stock valued at $4,598,000 after buying an additional 6,950 shares during the period. NEXT Financial Group Inc grew its position in Square by 34.2% during the second quarter. NEXT Financial Group Inc now owns 7,167 shares of the technology company’s stock worth $520,000 after buying an additional 1,825 shares in the last quarter. Fox Run Management L.L.C. acquired a new stake in Square during the second quarter worth approximately $284,000. Finally, Livforsakringsbolaget Skandia Omsesidigt grew its position in Square by 42.3% during the second quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 3,700 shares of the technology company’s stock worth $268,000 after buying an additional 1,100 shares in the last quarter. Hedge funds and other institutional investors own 57.90% of the company’s stock.

NYSE:SQ traded up $0.74 on Friday, hitting $67.78. 3,694,523 shares of the stock were exchanged, compared to its average volume of 8,697,734. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.68 and a current ratio of 1.68. Square has a 52 week low of $49.82 and a 52 week high of $83.20. The stock has a market capitalization of $29.70 billion, a price-to-earnings ratio of 3,389.00, a P/E/G ratio of 16.99 and a beta of 3.37. The company’s 50-day moving average price is $64.08 and its 200 day moving average price is $66.57.

Square (NYSE:SQ) last announced its quarterly earnings data on Wednesday, November 6th. The technology company reported $0.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.20 by $0.05. The firm had revenue of $602.00 million for the quarter, compared to analysts’ expectations of $596.85 million. Square had a negative net margin of 1.01% and a positive return on equity of 5.72%. The business’s revenue for the quarter was up 39.7% on a year-over-year basis. During the same period last year, the firm earned $0.13 earnings per share. As a group, equities research analysts predict that Square will post 0.12 earnings per share for the current year.

Square Company Profile

Square, Inc provides payment and point-of-sale solutions in the United States and internationally. The company's commerce ecosystem includes point-of-sale software and hardware that enables sellers to turn mobile and computing devices into payment and point-of-sale solutions. It offers hardware products, including Magstripe reader, which enables swiped transactions of magnetic stripe cards; Contactless and chip reader that accepts EMV® chip cards and Near Field Communication payments; Chip card reader, which accepts EMV® chip cards and enables swiped transactions of magnetic stripe cards; Square Stand, which enables an iPad to be used as a payment terminal or full point of sale solution; and Square Register that combines its hardware, point-of-sale software, and payments technology, as well as managed payments solutions.

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Analyst Recommendations for Square (NYSE:SQ)

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