Square Inc. (NYSE:SQ) has been assigned an average rating of “Buy” from the thirty brokerages that are presently covering the firm. Fifteen equities research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $12.87.

Several research analysts have recently issued reports on the stock. Evercore ISI boosted their price objective on shares of Square from $7.00 to $8.00 and gave the stock a “hold” rating in a report on Thursday, August 4th. Compass Point boosted their price objective on shares of Square from $13.00 to $14.00 and gave the stock a “buy” rating in a report on Thursday, August 4th. Piper Jaffray Cos. restated a “neutral” rating and set a $11.50 price objective (up previously from $10.00) on shares of Square in a report on Friday, August 5th. Morgan Stanley boosted their price objective on shares of Square from $10.00 to $11.00 and gave the stock an “equal weight” rating in a report on Thursday, August 4th. Finally, Vetr downgraded shares of Square from a “hold” rating to a “sell” rating and set a $11.29 price objective on the stock. in a report on Tuesday, November 8th.

In other Square news, CFO Sarah Friar sold 2,704 shares of the company’s stock in a transaction that occurred on Wednesday, October 26th. The shares were sold at an average price of $11.05, for a total value of $29,879.20. Following the completion of the sale, the chief financial officer now owns 111,698 shares of the company’s stock, valued at $1,234,262.90. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, 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 approximately $631,337.50. The disclosure for this sale can be found here. 42.60% of the stock is currently owned by corporate insiders.

A number of large investors have recently modified their holdings of the stock. State Treasurer State of Michigan purchased a new stake in shares of Square during the second quarter valued at approximately $102,710,000. Capital World Investors increased its stake in shares of Square by 131.4% in the third quarter. Capital World Investors now owns 10,813,575 shares of the company’s stock valued at $126,086,000 after buying an additional 6,140,745 shares during the last quarter. JPMorgan Chase & Co. purchased a new stake in shares of Square during the third quarter valued at approximately $62,843,000. Bank of New York Mellon Corp increased its stake in shares of Square by 3,618.0% in the third quarter. Bank of New York Mellon Corp now owns 3,891,838 shares of the company’s stock valued at $45,379,000 after buying an additional 3,787,163 shares during the last quarter. Finally, BlackRock Advisors LLC increased its stake in shares of Square by 139.3% in the third quarter. BlackRock Advisors LLC now owns 4,051,436 shares of the company’s stock valued at $47,240,000 after buying an additional 2,358,483 shares during the last quarter. 20.66% of the stock is owned by hedge funds and other institutional investors.

Shares of Square (NYSE:SQ) opened at 12.16 on Wednesday. The stock’s 50 day moving average price is $11.57 and its 200-day moving average price is $10.72. The company’s market cap is $4.27 billion. Square has a 12-month low of $8.06 and a 12-month high of $15.91.

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

About Square

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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