Square, Inc. (SQ) Price Target Raised to $19.00 at Compass Point

Square, Inc. (NYSE:SQ) had its target price boosted by Compass Point from $14.00 to $19.00 in a report issued on Tuesday. They currently have a buy rating on the stock.

A number of other equities analysts also recently issued reports on the company. Vetr downgraded Square from a strong-buy rating to a buy rating and set a $16.63 price target on the stock. in a research report on Monday. Zacks Investment Research downgraded Square from a buy rating to a hold rating in a research report on Thursday, January 5th. Stephens reissued an overweight rating and set a $19.00 price target (up previously from $15.00) on shares of Square in a research report on Wednesday, December 28th. TheStreet initiated coverage on Square in a research note on Wednesday, December 21st. They set a sell rating for the company. Finally, Nomura initiated coverage on Square in a research note on Tuesday, December 20th. They set a buy rating and a $18.00 price objective for the company. One research analyst has rated the stock with a sell rating, twelve have given a hold rating and nineteen have assigned a buy rating to the stock. The company presently has a consensus rating of Buy and an average target price of $14.17.

Analyst Recommendations for Square (NYSE:SQ)

Square (NYSE:SQ) traded down 0.570% during trading on Tuesday, hitting $14.825. The stock had a trading volume of 2,903,029 shares. Square has a 52-week low of $8.06 and a 52-week high of $15.91. The stock’s market capitalization is $5.22 billion. The stock’s 50-day moving average is $13.77 and its 200-day moving average is $11.73.

Square (NYSE:SQ) last posted its quarterly earnings results on Tuesday, November 1st. The company reported ($0.09) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.11) by $0.02. Square had a negative return on equity of 31.99% and a negative net margin of 12.55%. The business had revenue of $439 million for the quarter, compared to the consensus estimate of $374.36 million. The business’s revenue was up 50.9% compared to the same quarter last year. On average, analysts predict that Square will post ($0.55) earnings per share for the current fiscal year.

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In related news, major shareholder Ventures Iii L.P. Khosla sold 2,000,000 shares of the business’s stock in a transaction on Wednesday, November 30th. The stock was sold at an average price of $12.67, for a total transaction of $25,340,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Sarah Friar sold 2,704 shares of the business’s stock in a transaction on Wednesday, October 26th. The stock was sold at an average price of $11.05, for a total value of $29,879.20. Following the transaction, the chief financial officer now directly owns 111,698 shares of the company’s stock, valued at $1,234,262.90. The disclosure for this sale can be found here. 42.60% of the stock is owned by insiders.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. The Manufacturers Life Insurance Company bought a new position in Square during the third quarter valued at approximately $112,000. Emerald Acquisition Ltd. bought a new position in Square during the second quarter valued at approximately $115,000. Passport Capital LLC bought a new position in Square during the second quarter valued at approximately $116,000. Two Sigma Securities LLC bought a new position in Square during the third quarter valued at approximately $118,000. Finally, Aviance Capital Partners LLC bought a new position in Square during the third quarter valued at approximately $119,000. 26.73% of the stock is owned by hedge funds and other institutional investors.

Square Company Profile

Square, Inc enables payment processing, and also offers financial and marketing services. The Company provides sellers various tools to start, run, manage and grow their businesses. It serves sellers of all sizes, ranging from a single vendor at a farmers’ market to multinational businesses. It serves as a payment service provider, acting as the touch point for the seller to the rest of the payment chain.

5 Day Chart for NYSE:SQ

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