Square Inc. (NYSE:SQ) was upgraded by Vetr from a “hold” rating to a “buy” rating in a research note issued to investors on Monday. The brokerage presently has a $13.58 price objective on the stock. Vetr‘s price target suggests a potential upside of 8.99% from the company’s current price.

SQ has been the topic of a number of other reports. Stifel Nicolaus reaffirmed a “buy” rating and set a $15.00 price objective on shares of Square in a report on Wednesday, November 2nd. Keefe, Bruyette & Woods reaffirmed a “market perform” rating and set a $13.00 price objective on shares of Square in a report on Friday, October 7th. Mizuho reaffirmed a “top pick” rating and set a $16.00 price objective on shares of Square in a report on Wednesday, September 14th. BTIG Research reaffirmed a “neutral” rating on shares of Square in a report on Sunday, October 23rd. Finally, Compass Point lifted their price objective on Square from $13.00 to $14.00 and gave the company a “buy” rating in a report on Thursday, August 4th. Fourteen equities research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $13.06.

Analyst Recommendations for Square (NYSE:SQ)

Square (NYSE:SQ) opened at 12.46 on Monday. The firm’s market capitalization is $4.39 billion. The stock’s 50 day moving average price is $11.71 and its 200 day moving average price is $10.75. Square has a 12 month low of $8.06 and a 12 month high of $15.91.

Square (NYSE:SQ) last issued its quarterly earnings results on Tuesday, November 1st. The company reported ($0.09) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.11) by $0.02. Square had a negative return on equity of 31.99% and a negative net margin of 12.55%. The firm had revenue of $439 million for the quarter, compared to analyst estimates of $374.36 million. Square’s quarterly revenue was up 50.9% compared to the same quarter last year. Equities research analysts expect that Square will post ($0.55) earnings per share for the current fiscal year.

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In related news, Director James Morgan Jr. Mckelvey sold 400,000 shares of the company’s stock in a transaction on Tuesday, September 13th. The shares were sold at an average price of $11.27, for a total value of $4,508,000.00. Following the completion of the transaction, the director now directly owns 424,837 shares of the company’s stock, valued at approximately $4,787,912.99. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Francoise Brougher sold 173,077 shares of the company’s stock in a transaction on Friday, November 4th. The stock was sold at an average price of $12.00, for a total transaction of $2,076,924.00. Following the completion of the transaction, the insider now directly owns 265,243 shares of the company’s stock, valued at $3,182,916. The disclosure for this sale can be found here. 42.60% of the stock is currently owned by corporate insiders.

A number of institutional investors have recently made changes to their positions in SQ. TIAA CREF Investment Management LLC raised its position 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 during the last quarter. Jacobs Levy Equity Management Inc. acquired a new position in Square during the first quarter worth approximately $704,000. Creative Planning increased its position in 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. Bollard Group LLC acquired a new position in Square during the second quarter worth approximately $1,810,000. Finally, Westwood Management Corp IL acquired a new position in Square during the second quarter worth approximately $362,000. 26.73% of the stock is owned by hedge funds and other institutional investors.

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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