Analysts’ Weekly Ratings Changes for Square (SQ)

A number of firms have modified their ratings and price targets on shares of Square (NYSE: SQ) recently:

  • 4/26/2022 – Square had its price target lowered by analysts at Susquehanna Bancshares, Inc. from $240.00 to $160.00.
  • 4/26/2022 – Square had its price target lowered by analysts at Susquehanna from $240.00 to $160.00.
  • 4/25/2022 – Square had its price target lowered by analysts at Credit Suisse Group AG from $190.00 to $180.00. They now have an “outperform” rating on the stock.
  • 4/21/2022 – Square had its “neutral” rating reaffirmed by analysts at Robert W. Baird. They now have a $128.00 price target on the stock.
  • 4/14/2022 – Square had its price target lowered by analysts at Barclays PLC from $205.00 to $182.00. They now have an “overweight” rating on the stock.
  • 4/8/2022 – Square had its “buy” rating reaffirmed by analysts at Wolfe Research. They now have a $170.00 price target on the stock.
  • 4/6/2022 – Square is now covered by analysts at Stephens. They set an “overweight” rating and a $170.00 price target on the stock.
  • 4/4/2022 – Square is now covered by analysts at Wells Fargo & Company. They set an “overweight” rating and a $165.00 price target on the stock.
  • 4/4/2022 – Square had its price target raised by analysts at KeyCorp from $175.00 to $180.00. They now have an “overweight” rating on the stock.
  • 3/31/2022 – Square is now covered by analysts at StockNews.com. They set a “sell” rating on the stock.
  • 3/31/2022 – Square is now covered by analysts at CLSA. They set a “buy” rating and a $180.00 price target on the stock.
  • 3/30/2022 – Square is now covered by analysts at The Goldman Sachs Group, Inc.. They set a “buy” rating and a $173.00 price target on the stock.
  • 3/29/2022 – Square had its price target raised by analysts at Mizuho from $190.00 to $215.00. They now have a “buy” rating on the stock.
  • 3/23/2022 – Square is now covered by analysts at Morgan Stanley. They set an “equal weight” rating and a $146.00 price target on the stock.
  • 3/22/2022 – Square had its price target raised by analysts at Mizuho from $180.00 to $190.00. They now have a “buy” rating on the stock.
  • 3/11/2022 – Square had its price target lowered by analysts at Mizuho from $210.00 to $180.00. They now have a “buy” rating on the stock.
  • 3/1/2022 – Square had its price target lowered by analysts at UBS Group AG from $322.00 to $178.00.
  • 2/28/2022 – Square was upgraded by analysts at BMO Capital Markets from a “market perform” rating to an “outperform” rating.
  • 2/28/2022 – Square had its price target lowered by analysts at DA Davidson from $275.00 to $175.00. They now have a “buy” rating on the stock.

Shares of NYSE:SQ opened at $104.64 on Friday. The stock has a market capitalization of $60.70 billion, a price-to-earnings ratio of 337.55 and a beta of 2.31. Square, Inc. has a 1-year low of $82.72 and a 1-year high of $289.23. The company has a debt-to-equity ratio of 1.38, a quick ratio of 1.94 and a current ratio of 1.94. The company has a 50 day moving average price of $119.31 and a 200 day moving average price of $158.74.

Square (NYSE:SQGet Rating) last issued its earnings results on Thursday, February 24th. The technology company reported ($0.11) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.13) by $0.02. The firm had revenue of $4.08 billion during the quarter, compared to analysts’ expectations of $4.06 billion. Square had a net margin of 0.94% and a return on equity of 10.08%. The firm’s revenue for the quarter was up 34.5% compared to the same quarter last year. During the same period last year, the firm posted $0.09 earnings per share. On average, sell-side analysts expect that Square, Inc. will post -0.16 EPS for the current fiscal year.

In other Square news, insider Brian Grassadonia sold 8,238 shares of the stock in a transaction that occurred on Monday, February 28th. The shares were sold at an average price of $119.91, for a total value of $987,818.58. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Amrita Ahuja sold 2,680 shares of the stock in a transaction that occurred on Monday, April 4th. The stock was sold at an average price of $141.79, for a total transaction of $379,997.20. Following the completion of the sale, the chief financial officer now owns 121,461 shares of the company’s stock, valued at approximately $17,221,955.19. The disclosure for this sale can be found here. Insiders sold a total of 19,578 shares of company stock valued at $2,544,542 in the last ninety days. Company insiders own 15.12% of the company’s stock.

A number of institutional investors and hedge funds have recently made changes to their positions in SQ. Ibex Wealth Advisors bought a new position in Square in the 3rd quarter worth $25,000. Bell Investment Advisors Inc acquired a new stake in Square in the 3rd quarter worth $30,000. Moors & Cabot Inc. grew its position in Square by 56.0% in the 3rd quarter. Moors & Cabot Inc. now owns 25,000 shares of the technology company’s stock worth $32,000 after purchasing an additional 8,974 shares during the last quarter. Arlington Partners LLC grew its position in Square by 200.0% in the 1st quarter. Arlington Partners LLC now owns 234 shares of the technology company’s stock worth $32,000 after purchasing an additional 156 shares during the last quarter. Finally, Consolidated Planning Corp acquired a new stake in Square in the 3rd quarter worth $36,000. Hedge funds and other institutional investors own 66.31% of the company’s stock.

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.

See Also

Receive News & Ratings for Square Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Square Inc and related companies with MarketBeat.com's FREE daily email newsletter.