Brokerages Set Square, Inc. (NYSE:SQ) Target Price at $286.78

Shares of Square, Inc. (NYSE:SQ) have earned an average recommendation of “Buy” from the forty brokerages that are covering the company, MarketBeat.com reports. One analyst has rated the stock with a sell rating, nine have given a hold rating, twenty-four have assigned a buy rating and one has given a strong buy rating to the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $278.81.

A number of equities research analysts have weighed in on SQ shares. Mizuho decreased their price objective on Square from $380.00 to $285.00 and set a “buy” rating on the stock in a report on Tuesday, December 14th. Wedbush cut their target price on shares of Square from $250.00 to $190.00 and set a “neutral” rating for the company in a research note on Monday, December 20th. TheStreet cut shares of Square from a “b-” rating to a “c+” rating in a research note on Wednesday, September 29th. Tigress Financial lifted their target price on shares of Square from $295.00 to $310.00 and gave the company a “buy” rating in a research note on Wednesday, November 17th. Finally, BMO Capital Markets cut their target price on shares of Square from $259.00 to $253.00 and set a “market perform” rating for the company in a research note on Monday, November 8th.

In related news, CAO Ajmere Dale sold 500 shares of the company’s stock in a transaction on Friday, November 5th. The shares were sold at an average price of $250.00, for a total value of $125,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Amrita Ahuja sold 834 shares of the company’s stock in a transaction on Thursday, October 21st. The stock was sold at an average price of $264.49, for a total transaction of $220,584.66. The disclosure for this sale can be found here. Insiders sold a total of 37,094 shares of company stock valued at $8,494,506 in the last three months. 15.12% of the stock is owned by company insiders.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Hexagon Capital Partners LLC boosted its stake in Square by 308.0% in the 2nd quarter. Hexagon Capital Partners LLC now owns 102 shares of the technology company’s stock worth $25,000 after purchasing an additional 77 shares during the period. Ibex Wealth Advisors bought a new stake in Square during the 3rd quarter worth about $25,000. Dark Forest Capital Management LP bought a new stake in Square during the 2nd quarter worth about $28,000. Bell Investment Advisors Inc bought a new stake in Square during the 3rd quarter worth about $30,000. Finally, Moors & Cabot Inc. lifted its position in Square by 56.0% during the 3rd quarter. Moors & Cabot Inc. now owns 25,000 shares of the technology company’s stock worth $32,000 after buying an additional 8,974 shares in the last quarter. 75.64% of the stock is owned by hedge funds and other institutional investors.

NYSE SQ opened at $133.29 on Wednesday. The company has a current ratio of 1.90, a quick ratio of 1.90 and a debt-to-equity ratio of 1.58. The stock’s 50 day moving average is $185.16 and its two-hundred day moving average is $230.23. The company has a market capitalization of $61.48 billion, a price-to-earnings ratio of 124.57, a PEG ratio of 9.21 and a beta of 2.30. Square has a 1-year low of $129.31 and a 1-year high of $289.23.

Square (NYSE:SQ) last released its quarterly earnings data on Thursday, November 4th. The technology company reported $0.37 earnings per share for the quarter, beating analysts’ consensus estimates of $0.11 by $0.26. The company had revenue of $3.84 billion for the quarter, compared to the consensus estimate of $4.48 billion. Square had a return on equity of 14.15% and a net margin of 3.21%. The company’s quarterly revenue was up 26.7% on a year-over-year basis. During the same period in the previous year, the business earned $0.12 earnings per share. On average, analysts predict that Square will post 0.49 earnings per share for the current year.

About Square

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.

See Also: CAC 40 Index

Analyst Recommendations for Square (NYSE:SQ)

Receive News & Ratings for Square Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Square and related companies with MarketBeat.com's FREE daily email newsletter.