Square Inc. (NYSE:SQ) was upgraded by analysts at Vetr from a “sell” rating to a “hold” rating in a research report issued on Tuesday. The brokerage currently has a $12.24 price objective on the stock. Vetr‘s price target would indicate a potential upside of 1.66% from the stock’s previous close.

SQ has been the topic of a number of other research reports. BTIG Research set a $12.00 target price on shares of Square and gave the stock a “buy” rating in a research report on Wednesday, July 27th. Compass Point lifted their target price on shares of Square from $13.00 to $14.00 and gave the stock a “buy” rating in a research report on Thursday, August 4th. Barclays PLC reiterated an “overweight” rating and issued a $15.00 target price on shares of Square in a research report on Thursday, August 4th. Canaccord Genuity lifted their target price on shares of Square from $13.00 to $14.00 and gave the stock a “hold” rating in a research report on Thursday, August 4th. Finally, Evercore ISI lifted their target price on shares of Square from $7.00 to $8.00 and gave the stock a “hold” rating in a research report on Thursday, August 4th. Fifteen equities research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $13.01.

Analyst Recommendations for Square (NYSE:SQ)

Square (NYSE:SQ) opened at 12.04 on Tuesday. The firm has a 50-day moving average of $11.56 and a 200 day moving average of $10.71. Square has a one year low of $8.06 and a one year high of $15.91. The company’s market capitalization is $4.24 billion.

Square (NYSE:SQ) last announced its earnings results on Tuesday, November 1st. The company reported ($0.09) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.11) by $0.02. Square had a negative net margin of 12.55% and a negative return on equity of 31.99%. The business earned $439 million during the quarter, compared to analysts’ expectations of $374.36 million. The firm’s quarterly revenue was up 50.9% on a year-over-year basis. On average, equities analysts forecast that Square will post ($0.55) EPS for the current fiscal year.

In other Square news, Director Lawrence Henry Summers sold 23,125 shares of the company’s stock in a transaction that occurred on Tuesday, August 23rd. The shares were sold at an average price of $12.50, for a total transaction of $289,062.50. Following the completion of the sale, the director now directly owns 50,507 shares of the company’s stock, valued at $631,337.50. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Dana Wagner sold 50,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 23rd. The shares were sold at an average price of $12.27, for a total transaction of $613,500.00. Following the sale, the insider now directly owns 321,315 shares of the company’s stock, valued at $3,942,535.05. The disclosure for this sale can be found here. Company insiders own 42.60% of the company’s stock.

A number of hedge funds have recently made changes to their positions in the stock. TIAA CREF Investment Management LLC boosted its stake in shares of Square by 110.0% in the first quarter. TIAA CREF Investment Management LLC now owns 177,978 shares of the company’s stock worth $2,720,000 after buying an additional 93,239 shares in the last quarter. Jacobs Levy Equity Management Inc. acquired a new stake in shares of Square during the first quarter worth approximately $704,000. A.R.T. Advisors LLC acquired a new stake in shares of Square during the first quarter worth approximately $4,052,000. Westend Capital Management LLC acquired a new stake in shares of Square during the first quarter worth approximately $1,355,000. Finally, Creative Planning boosted its stake in shares of Square by 76.2% in the second quarter. Creative Planning now owns 14,719 shares of the company’s stock worth $133,000 after buying an additional 6,365 shares in the last quarter. 20.66% of the stock is owned by institutional investors and hedge funds.

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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