Investment Analysts’ Weekly Ratings Changes for Square (SQ)


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Square (NYSE: SQ) recently received a number of ratings updates from brokerages and research firms:

  • 4/7/2021 – Square had its price target raised by analysts at Barclays PLC from $320.00 to $330.00. They now have an “overweight” rating on the stock.
  • 4/7/2021 – Square is now covered by analysts at Oddo Bhf. They set a “neutral” rating on the stock.
  • 3/31/2021 – Square was upgraded by analysts at Keefe, Bruyette & Woods from a “market perform” rating to an “outperform” rating. They now have a $250.00 price target on the stock.
  • 3/18/2021 – Square is now covered by analysts at Redburn Partners. They set a “sell” rating on the stock.
  • 3/12/2021 – Square is now covered by analysts at Redburn Partners. They set a “sell” rating on the stock.
  • 3/3/2021 – Square had its price target raised by analysts at Morgan Stanley from $203.00 to $245.00. They now have an “equal weight” rating on the stock.
  • 3/3/2021 – Square was upgraded by analysts at Guggenheim from a “neutral” rating to a “buy” rating. They now have a $288.00 price target on the stock.
  • 3/2/2021 – Square had its price target raised by analysts at Credit Suisse Group AG from $210.00 to $270.00. They now have an “outperform” rating on the stock.
  • 3/2/2021 – Square had its price target raised by analysts at Royal Bank of Canada from $257.00 to $305.00. They now have an “outperform” rating on the stock.
  • 3/2/2021 – Square had its price target raised by analysts at Piper Sandler from $190.00 to $250.00. They now have a “neutral” rating on the stock.
  • 3/2/2021 – Square had its price target raised by analysts at The Goldman Sachs Group, Inc. from $216.00 to $246.00. They now have a “neutral” rating on the stock.
  • 3/2/2021 – Square had its price target raised by analysts at Needham & Company LLC from $250.00 to $300.00. They now have a “buy” rating on the stock.
  • 3/2/2021 – Square had its price target raised by analysts at Rosenblatt Securities from $300.00 to $310.00. They now have a “buy” rating on the stock.
  • 3/2/2021 – Square had its price target raised by analysts at Canaccord Genuity from $200.00 to $280.00. They now have a “buy” rating on the stock.
  • 3/1/2021 – Square had its price target raised by analysts at Barclays PLC from $260.00 to $320.00. They now have an “overweight” rating on the stock.
  • 3/1/2021 – Square had its price target raised by analysts at Mizuho from $300.00 to $380.00. They now have a “buy” rating on the stock.
  • 2/25/2021 – Square had its price target raised by analysts at BMO Capital Markets from $229.00 to $237.00. They now have a “market perform” rating on the stock.
  • 2/25/2021 – Square had its price target raised by analysts at Morgan Stanley from $203.00 to $245.00. They now have an “equal weight” rating on the stock.
  • 2/25/2021 – Square was upgraded by analysts at Guggenheim from a “neutral” rating to a “buy” rating. They now have a $288.00 price target on the stock.
  • 2/24/2021 – Square had its price target raised by analysts at Credit Suisse Group AG from $210.00 to $270.00. They now have an “outperform” rating on the stock.
  • 2/24/2021 – Square had its price target raised by analysts at Royal Bank of Canada from $257.00 to $305.00. They now have an “outperform” rating on the stock.
  • 2/24/2021 – Square had its price target raised by analysts at The Goldman Sachs Group, Inc. from $216.00 to $246.00. They now have a “neutral” rating on the stock.
  • 2/24/2021 – Square had its price target raised by analysts at Piper Sandler from $190.00 to $250.00. They now have a “neutral” rating on the stock. They noted that the move was a valuation call. They noted that the move was a valuation call.
  • 2/24/2021 – Square was downgraded by analysts at Wells Fargo & Company from an “overweight” rating to an “equal weight” rating. They now have a $255.00 price target on the stock. They noted that the move was a valuation call. They noted that the move was a valuation call.
  • 2/24/2021 – Square had its price target raised by analysts at Canaccord Genuity from $200.00 to $280.00. They now have a “buy” rating on the stock.
  • 2/24/2021 – Square had its price target raised by analysts at Needham & Company LLC from $250.00 to $300.00. They now have a “buy” rating on the stock.
  • 2/24/2021 – Square had its “buy” rating reaffirmed by analysts at Rosenblatt Securities. They now have a $310.00 price target on the stock, up previously from $300.00.
  • 2/24/2021 – Square had its price target raised by analysts at Truist from $300.00 to $325.00.
  • 2/22/2021 – Square had its price target raised by analysts at Barclays PLC from $260.00 to $320.00. They now have an “overweight” rating on the stock.
  • 2/22/2021 – Square had its “buy” rating reaffirmed by analysts at Mizuho. They now have a $380.00 price target on the stock, up previously from $300.00.
  • 2/17/2021 – Square had its price target raised by analysts at Deutsche Bank Aktiengesellschaft from $255.00 to $330.00. They now have a “buy” rating on the stock.

SQ opened at $252.49 on Thursday. Square, Inc. has a 52-week low of $51.81 and a 52-week high of $283.19. The company has a quick ratio of 1.70, a current ratio of 1.70 and a debt-to-equity ratio of 0.85. The company has a market cap of $114.79 billion, a P/E ratio of 400.78, a price-to-earnings-growth ratio of 29.50 and a beta of 2.71. The firm’s 50-day moving average price is $234.54 and its 200-day moving average price is $212.08.

Square (NYSE:SQ) last issued its quarterly earnings results on Tuesday, February 23rd. The technology company reported $0.32 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.24 by $0.08. Square had a net margin of 4.05% and a negative return on equity of 0.01%. The company had revenue of $3.03 billion for the quarter, compared to the consensus estimate of $3.11 billion. During the same quarter in the prior year, the company earned $0.23 EPS. Square’s quarterly revenue was up 139.6% on a year-over-year basis. On average, research analysts anticipate that Square, Inc. will post -0.03 EPS for the current fiscal year.

In other Square news, Director Mary G. Meeker sold 8,207 shares of the firm’s stock in a transaction on Tuesday, March 2nd. The stock was sold at an average price of $252.19, for a total value of $2,069,723.33. Following the transaction, the director now owns 400,175 shares in the company, valued at approximately $100,920,133.25. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Jack Dorsey sold 100,000 shares of the firm’s stock in a transaction on Monday, March 29th. The shares were sold at an average price of $210.26, for a total value of $21,026,000.00. The disclosure for this sale can be found here. Insiders have sold a total of 1,253,392 shares of company stock worth $288,582,891 in the last quarter. Insiders own 21.79% of the company’s stock.

A number of hedge funds have recently made changes to their positions in SQ. Guggenheim Capital LLC increased its stake in shares of Square by 87.0% in the 3rd quarter. Guggenheim Capital LLC now owns 10,819 shares of the technology company’s stock worth $1,759,000 after acquiring an additional 5,033 shares during the last quarter. Profund Advisors LLC acquired a new stake in shares of Square in the 3rd quarter worth $284,000. Eudaimonia Partners LLC increased its stake in shares of Square by 44.9% in the 3rd quarter. Eudaimonia Partners LLC now owns 1,815 shares of the technology company’s stock worth $295,000 after acquiring an additional 562 shares during the last quarter. Lombard Odier Asset Management Switzerland SA acquired a new stake in shares of Square in the 3rd quarter worth $461,000. Finally, Lombard Odier Asset Management Europe Ltd acquired a new stake in shares of Square during the 3rd quarter worth about $530,000. Institutional investors own 64.01% of the company’s stock.

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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