Square (NYSE:SQ) had its price target boosted by equities researchers at Guggenheim from $75.00 to $100.00 in a research report issued on Wednesday. The firm presently has a “buy” rating on the technology company’s stock. Guggenheim’s target price points to a potential upside of 23.76% from the company’s current price.

A number of other equities analysts have also recently commented on SQ. Stifel Nicolaus raised shares of Square from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $46.00 to $55.00 in a research note on Thursday, May 3rd. Buckingham Research raised shares of Square from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $65.00 to $85.00 in a research report on Monday, August 6th. Credit Suisse Group raised shares of Square from a “neutral” rating to an “outperform” rating and boosted their price objective for the company from $44.00 to $81.00 in a research report on Thursday, July 19th. Citigroup boosted their price objective on shares of Square from $47.00 to $67.00 and gave the company a “neutral” rating in a research report on Thursday, June 28th. Finally, Oppenheimer cut shares of Square from an “outperform” rating to a “market perform” rating in a research report on Tuesday, July 10th. Four analysts have rated the stock with a sell rating, thirteen have issued a hold rating and twenty have assigned a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $60.89.

Shares of SQ stock opened at $80.80 on Wednesday. The firm has a market cap of $32.09 billion, a PE ratio of -808.00 and a beta of 4.13. Square has a one year low of $24.64 and a one year high of $81.41. The company has a debt-to-equity ratio of 0.99, a quick ratio of 2.18 and a current ratio of 2.18.

Square (NYSE:SQ) last announced its quarterly earnings data on Wednesday, August 1st. The technology company reported $0.13 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.01) by $0.14. The firm had revenue of $385.00 million for the quarter, compared to the consensus estimate of $367.99 million. Square had a negative net margin of 2.30% and a negative return on equity of 3.18%. The company’s revenue was up 60.4% on a year-over-year basis. During the same period last year, the firm earned $0.07 EPS. equities analysts forecast that Square will post -0.04 EPS for the current fiscal year.

In related news, insider Ajmere Dale sold 5,315 shares of the stock in a transaction on Monday, June 4th. The shares were sold at an average price of $61.13, for a total transaction of $324,905.95. Following the sale, the insider now directly owns 126,745 shares of the company’s stock, valued at $7,747,921.85. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director James Morgan Jr. Mckelvey sold 400,000 shares of the stock in a transaction on Monday, June 11th. The stock was sold at an average price of $61.56, for a total transaction of $24,624,000.00. Following the sale, the director now directly owns 468,223 shares in the company, valued at $28,823,807.88. The disclosure for this sale can be found here. Insiders sold a total of 1,518,260 shares of company stock worth $102,574,354 over the last ninety days. Insiders own 27.99% of the company’s stock.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. BDO Wealth Advisors LLC acquired a new stake in shares of Square in the second quarter valued at about $3,089,000. Advisors Asset Management Inc. increased its position in Square by 942.0% during the second quarter. Advisors Asset Management Inc. now owns 26,572 shares of the technology company’s stock worth $1,638,000 after purchasing an additional 24,022 shares during the last quarter. Public Employees Retirement System of Ohio increased its position in Square by 11.0% during the second quarter. Public Employees Retirement System of Ohio now owns 147,078 shares of the technology company’s stock worth $9,066,000 after purchasing an additional 14,611 shares during the last quarter. HWG Holdings LP increased its position in Square by 83.8% during the second quarter. HWG Holdings LP now owns 71,445 shares of the technology company’s stock worth $4,404,000 after purchasing an additional 32,567 shares during the last quarter. Finally, Global X Management Co LLC increased its position in Square by 119.1% during the second quarter. Global X Management Co LLC now owns 420,724 shares of the technology company’s stock worth $25,933,000 after purchasing an additional 228,669 shares during the last quarter. 52.04% of the stock is currently owned by hedge funds and other institutional investors.

Square Company Profile

Square, Inc provides payment and point-of-sale solutions in the United States and internationally. The company's commerce ecosystem includes point-of-sale software and hardware that enables sellers to turn mobile and computing devices into payment and point-of-sale solutions. It offers hardware products, including Magstripe reader, which enables swiped transactions of magnetic stripe cards; Contactless and chip reader that accepts EMV® chip cards and Near Field Communication payments; Chip card reader, which accepts EMV® chip cards and enables swiped transactions of magnetic stripe cards; Square Stand, which enables an iPad to be used as a payment terminal or full point of sale solution; and Square Register that combines its hardware, point-of-sale software, and payments technology, as well as managed payments solutions.

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Analyst Recommendations for Square (NYSE:SQ)

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