Square (SQ) PT Raised to $51.00 at Susquehanna Bancshares

Square (NYSE:SQ) had its target price lifted by Susquehanna Bancshares from $43.00 to $51.00 in a report issued on Monday morning. The brokerage currently has a positive rating on the technology company’s stock.

SQ has been the topic of a number of other research reports. Zacks Investment Research raised Square from a hold rating to a buy rating and set a $51.00 price objective on the stock in a report on Tuesday, January 23rd. Barclays increased their price objective on Square from $28.00 to $37.00 and gave the stock an overweight rating in a report on Thursday, November 9th. Stephens reissued a buy rating and set a $41.00 price objective on shares of Square in a report on Wednesday, January 10th. Wells Fargo & Co began coverage on Square in a report on Tuesday, November 21st. They set a market perform rating and a $42.00 price objective on the stock. Finally, Deutsche Bank increased their price objective on Square to $37.00 and gave the stock a buy rating in a report on Tuesday, October 31st. One equities research analyst has rated the stock with a sell rating, thirteen have given a hold rating and twenty-five have given a buy rating to the stock. The company has an average rating of Buy and a consensus target price of $36.96.

Square (NYSE SQ) opened at $39.50 on Monday. Square has a 1 year low of $13.84 and a 1 year high of $49.56. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.81 and a current ratio of 1.81. The company has a market capitalization of $15,350.00 and a price-to-earnings ratio of -232.35.

Square (NYSE:SQ) last issued its quarterly earnings results on Wednesday, November 8th. The technology company reported $0.07 EPS for the quarter, beating analysts’ consensus estimates of $0.05 by $0.02. Square had a negative return on equity of 7.98% and a negative net margin of 3.04%. The firm had revenue of $257.12 million for the quarter, compared to analysts’ expectations of $244.95 million. During the same quarter in the prior year, the firm earned $0.01 EPS. The business’s revenue for the quarter was up 44.6% compared to the same quarter last year. sell-side analysts forecast that Square will post -0.15 earnings per share for the current fiscal year.

In other news, insider Ajmere Dale sold 20,286 shares of the stock in a transaction dated Monday, November 13th. The stock was sold at an average price of $39.12, for a total transaction of $793,588.32. Following the transaction, the insider now directly owns 134,518 shares in the company, valued at approximately $5,262,344.16. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Jack Dorsey sold 50,000 shares of the stock in a transaction dated Wednesday, November 29th. The shares were sold at an average price of $40.48, for a total value of $2,024,000.00. The disclosure for this sale can be found here. Insiders have sold a total of 1,648,627 shares of company stock worth $64,395,445 over the last quarter. Corporate insiders own 32.68% of the company’s stock.

Several institutional investors have recently made changes to their positions in SQ. Schwab Charles Investment Management Inc. boosted its holdings in Square by 1.1% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 46,166 shares of the technology company’s stock valued at $1,084,000 after acquiring an additional 513 shares during the period. Principal Financial Group Inc. boosted its holdings in Square by 299.3% during the 2nd quarter. Principal Financial Group Inc. now owns 53,031 shares of the technology company’s stock valued at $1,244,000 after acquiring an additional 39,749 shares during the period. BlackRock Inc. boosted its holdings in Square by 23.0% during the 2nd quarter. BlackRock Inc. now owns 6,618,987 shares of the technology company’s stock valued at $155,282,000 after acquiring an additional 1,235,662 shares during the period. UBS Asset Management Americas Inc. boosted its holdings in Square by 90.2% during the 2nd quarter. UBS Asset Management Americas Inc. now owns 136,309 shares of the technology company’s stock valued at $3,198,000 after acquiring an additional 64,649 shares during the period. Finally, Northern Trust Corp boosted its holdings in Square by 97.7% during the 2nd quarter. Northern Trust Corp now owns 727,683 shares of the technology company’s stock valued at $17,072,000 after acquiring an additional 359,641 shares during the period. Hedge funds and other institutional investors own 54.66% of the company’s stock.

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About Square

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.

Analyst Recommendations for Square (NYSE:SQ)

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