Square (SQ) Shares Up 0%
Square Inc (NYSE:SQ)’s share price traded up 0% during trading on Tuesday . The company traded as high as $42.68 and last traded at $42.11. 13,252,820 shares traded hands during mid-day trading, a decline of 16% from the average session volume of 15,844,945 shares. The stock had previously closed at $42.11.
A number of equities analysts have commented on the company. Stephens restated a “buy” rating and issued a $41.00 target price on shares of Square in a research note on Wednesday, January 10th. Credit Suisse Group restated a “positive” rating and issued a $37.00 target price (up from $31.00) on shares of Square in a research note on Monday, November 20th. Zacks Investment Research downgraded Square from a “buy” rating to a “hold” rating in a research note on Friday, February 2nd. Vetr upgraded Square from a “hold” rating to a “buy” rating and set a $48.00 target price for the company in a research note on Monday, February 5th. Finally, Susquehanna Bancshares lifted their price target on Square from $43.00 to $51.00 and gave the company a “positive” rating in a report on Monday, February 5th. One research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and twenty-five have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $36.96.
The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.81 and a current ratio of 1.81.
A number of large investors have recently made changes to their positions in SQ. Millennium Management LLC bought a new position in shares of Square in the fourth quarter valued at $17,457,000. Sciencast Management LP bought a new position in shares of Square in the fourth quarter valued at $547,000. Ladenburg Thalmann Financial Services Inc. increased its holdings in shares of Square by 110.7% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 124,556 shares of the technology company’s stock valued at $4,320,000 after buying an additional 65,444 shares in the last quarter. Cornerstone Capital Management Holdings LLC. bought a new position in shares of Square in the fourth quarter valued at $1,316,000. Finally, Raymond James & Associates increased its holdings in shares of Square by 8.2% in the fourth quarter. Raymond James & Associates now owns 180,909 shares of the technology company’s stock valued at $6,272,000 after buying an additional 13,635 shares in the last quarter. 53.77% of the stock is currently owned by hedge funds and other institutional investors.
ILLEGAL ACTIVITY NOTICE: This story was published by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are reading this story on another site, it was copied illegally and reposted in violation of U.S. and international copyright law. The legal version of this story can be read at https://www.thecerbatgem.com/2018/02/15/square-sq-shares-up-0.html.
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.
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.