Square (NYSE:SQ) had its price target upped by Morgan Stanley from $26.00 to $40.00 in a research report issued on Tuesday. The brokerage presently has a “hold” rating on the technology company’s stock. Morgan Stanley’s price objective would indicate a potential upside of 12.17% from the stock’s previous close. The analysts noted that the move was a valuation call.

Several other equities research analysts also recently weighed in on the company. Cowen began coverage on Square in a research report on Monday, December 11th. They set a “market perform” rating and a $36.00 price target on the stock. They noted that the move was a valuation call. BTIG Research downgraded Square from a “neutral” rating to a “sell” rating and increased their price target for the stock from $12.38 to $30.00 in a research report on Monday, November 27th. Vetr raised Square from a “hold” rating to a “buy” rating and set a $51.38 price target on the stock in a research report on Thursday, November 23rd. Wells Fargo & Company began coverage on Square in a research report on Tuesday, November 21st. They set a “market perform” rating and a $42.00 price target on the stock. Finally, Oppenheimer reaffirmed a “buy” rating on shares of Square in a research report on Monday, November 20th. One analyst has rated the stock with a sell rating, fourteen have given a hold rating and twenty-four have issued a buy rating to the company’s stock. Square currently has a consensus rating of “Buy” and an average target price of $34.45.

Square (NYSE:SQ) opened at $35.66 on Tuesday. The company has a current ratio of 1.81, a quick ratio of 1.81 and a debt-to-equity ratio of 0.48. Square has a 12-month low of $13.53 and a 12-month high of $49.56.

Square (NYSE:SQ) last announced its quarterly earnings results on Wednesday, November 8th. The technology company reported $0.07 earnings per share for the quarter, topping the consensus estimate of $0.05 by $0.02. The company had revenue of $257.12 million for the quarter, compared to the consensus estimate of $244.95 million. Square had a negative return on equity of 7.98% and a negative net margin of 3.04%. The firm’s revenue for the quarter was up 44.6% compared to the same quarter last year. During the same period last year, the firm earned $0.01 EPS. equities analysts predict that Square will post -0.16 EPS for the current year.

In related news, insider Hillary B. Smith sold 75,103 shares of the firm’s stock in a transaction dated Monday, December 18th. The shares were sold at an average price of $37.56, for a total value of $2,820,868.68. Following the transaction, the insider now directly owns 563,798 shares of the company’s stock, valued at approximately $21,176,252.88. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Ajmere Dale sold 20,286 shares of the firm’s stock in a transaction dated Monday, November 13th. The shares were sold at an average price of $39.12, for a total transaction of $793,588.32. Following the completion of the transaction, the insider now directly owns 134,518 shares in the company, valued at $5,262,344.16. The disclosure for this sale can be found here. Over the last three months, insiders have sold 1,616,530 shares of company stock worth $60,129,547. Corporate insiders own 32.68% of the company’s stock.

A number of institutional investors have recently modified their holdings of the stock. Makena Capital Management LLC purchased a new position in Square in the 2nd quarter worth approximately $4,561,000. California Public Employees Retirement System lifted its stake in Square by 10.3% in the 2nd quarter. California Public Employees Retirement System now owns 353,700 shares of the technology company’s stock worth $8,298,000 after purchasing an additional 33,100 shares in the last quarter. Royce & Associates LP lifted its stake in Square by 55.6% in the 2nd quarter. Royce & Associates LP now owns 235,000 shares of the technology company’s stock worth $5,513,000 after purchasing an additional 84,000 shares in the last quarter. California State Teachers Retirement System lifted its stake in Square by 285.7% in the 2nd quarter. California State Teachers Retirement System now owns 395,757 shares of the technology company’s stock worth $9,284,000 after purchasing an additional 293,137 shares in the last quarter. Finally, Clal Insurance Enterprises Holdings Ltd lifted its stake in Square by 2.9% in the 2nd quarter. Clal Insurance Enterprises Holdings Ltd now owns 3,190,200 shares of the technology company’s stock worth $74,842,000 after purchasing an additional 90,200 shares in the last quarter. 54.20% of the stock is currently owned by hedge funds and other institutional investors.

COPYRIGHT VIOLATION NOTICE: “Square (SQ) PT Raised to $40.00” was reported by The Cerbat Gem and is owned by of The Cerbat Gem. If you are viewing this piece of content on another publication, it was stolen and republished in violation of international trademark & copyright legislation. The legal version of this piece of content can be read at https://www.thecerbatgem.com/2017/12/21/square-sq-pt-raised-to-40-00.html.

About Square

Square, Inc (Square) is a commerce ecosystem. The Company enables its sellers start, run and grow their businesses. It combines software with hardware to enable sellers to turn mobile devices and computing devices into payments and point-of-sale solutions. Once a seller downloads the Square Point of Sale mobile application, they can take their first payment.

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.