Square (NYSE:SQ) had its target price decreased by Piper Jaffray Companies from $75.00 to $66.00 in a report released on Thursday morning, The Fly reports. Piper Jaffray Companies currently has a neutral rating on the technology company’s stock.

Several other research analysts have also recently weighed in on the company. Cantor Fitzgerald reiterated an overweight rating and set a $91.00 price target on shares of Square in a research report on Thursday, October 10th. ValuEngine upgraded Square from a hold rating to a buy rating in a research report on Friday, November 1st. Morgan Stanley set a $74.00 price target on Square and gave the company a hold rating in a research report on Thursday, August 29th. Berenberg Bank assumed coverage on Square in a research report on Thursday, October 3rd. They set a hold rating and a $58.00 price target for the company. Finally, Moffett Nathanson upgraded Square from a neutral rating to a buy rating in a research report on Tuesday, September 3rd. Four equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating and eighteen have issued a buy rating to the stock. Square has a consensus rating of Hold and an average price target of $72.82.

Shares of NYSE:SQ traded down $1.96 during trading on Thursday, hitting $62.45. The stock had a trading volume of 11,514,020 shares, compared to its average volume of 6,025,921. Square has a 12-month low of $49.82 and a 12-month high of $83.20. The stock has a market capitalization of $26.08 billion, a price-to-earnings ratio of 3,122.50, a price-to-earnings-growth ratio of 21.95 and a beta of 3.38. The company has a quick ratio of 1.49, a current ratio of 1.49 and a debt-to-equity ratio of 0.87. The stock has a 50-day simple moving average of $61.29 and a two-hundred day simple moving average of $66.91.

Square (NYSE:SQ) last announced its quarterly earnings results on Wednesday, November 6th. The technology company reported $0.25 earnings per share for the quarter, beating the consensus estimate of $0.20 by $0.05. The company had revenue of $602.00 million during the quarter, compared to analysts’ expectations of $596.85 million. Square had a positive return on equity of 2.65% and a negative net margin of 1.35%. Square’s quarterly revenue was up 39.7% on a year-over-year basis. During the same period last year, the business earned $0.13 earnings per share. As a group, sell-side analysts forecast that Square will post 0.11 earnings per share for the current year.

In other news, insider Alyssa Henry sold 20,000 shares of Square stock in a transaction that occurred on Tuesday, September 10th. The stock was sold at an average price of $60.26, for a total value of $1,205,200.00. Following the sale, the insider now directly owns 442,168 shares of the company’s stock, valued at $26,645,043.68. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Ajmere Dale sold 2,048 shares of Square stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $62.47, for a total value of $127,938.56. Following the completion of the sale, the chief accounting officer now directly owns 64,050 shares in the company, valued at $4,001,203.50. The disclosure for this sale can be found here. Over the last three months, insiders sold 42,048 shares of company stock worth $2,570,339. 21.79% of the stock is owned by corporate insiders.

Large investors have recently modified their holdings of the company. AdvisorNet Financial Inc boosted its stake in Square by 1.5% during the second quarter. AdvisorNet Financial Inc now owns 9,338 shares of the technology company’s stock worth $677,000 after buying an additional 140 shares during the last quarter. Atlantic Trust LLC boosted its stake in Square by 38.9% during the second quarter. Atlantic Trust LLC now owns 521 shares of the technology company’s stock worth $38,000 after buying an additional 146 shares during the last quarter. Cresset Asset Management LLC boosted its stake in Square by 6.6% during the second quarter. Cresset Asset Management LLC now owns 2,940 shares of the technology company’s stock worth $213,000 after buying an additional 181 shares during the last quarter. Hilltop Holdings Inc. boosted its stake in Square by 4.2% during the second quarter. Hilltop Holdings Inc. now owns 4,776 shares of the technology company’s stock worth $347,000 after buying an additional 191 shares during the last quarter. Finally, Berkeley Capital Partners LLC boosted its stake in Square by 2.4% during the third quarter. Berkeley Capital Partners LLC now owns 8,462 shares of the technology company’s stock worth $524,000 after buying an additional 195 shares during the last quarter. 56.54% 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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