Square, Inc. (NYSE:SQ) Receives Consensus Rating of “Buy” from Brokerages

Shares of Square, Inc. (NYSE:SQGet Rating) have earned a consensus rating of “Buy” from the forty-six ratings firms that are currently covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, four have issued a hold recommendation, twenty-seven have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $196.55.

A number of brokerages have recently commented on SQ. Bank of America raised Square from a “neutral” rating to a “buy” rating and lowered their price objective for the company from $221.00 to $185.00 in a research report on Friday, February 11th. They noted that the move was a valuation call. Mizuho lifted their target price on Square from $190.00 to $215.00 and gave the company a “buy” rating in a report on Tuesday, March 29th. UBS Group reduced their target price on Square from $322.00 to $178.00 in a report on Tuesday, March 1st. Wolfe Research reiterated a “buy” rating and issued a $170.00 target price on shares of Square in a report on Friday, April 8th. Finally, Wells Fargo & Company assumed coverage on Square in a report on Monday, April 4th. They issued an “overweight” rating and a $165.00 target price on the stock.

In other Square news, insider Alyssa Henry sold 30,770 shares of the company’s stock in a transaction that occurred on Wednesday, May 11th. The stock was sold at an average price of $80.86, for a total value of $2,488,062.20. Following the completion of the sale, the insider now directly owns 433,436 shares in the company, valued at $35,047,634.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Amrita Ahuja sold 2,680 shares of the company’s stock in a transaction that occurred on Monday, April 4th. The stock was sold at an average price of $141.79, for a total value 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 $17,221,955.19. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 50,553 shares of company stock valued at $4,947,624. Insiders own 15.12% of the company’s stock.

Large investors have recently made changes to their positions in the company. Ibex Wealth Advisors acquired a new stake in shares of Square during the 3rd quarter valued at $25,000. Bell Investment Advisors Inc acquired a new stake in shares of Square during the 3rd quarter valued at $30,000. Consolidated Planning Corp acquired a new stake in shares of Square during the 3rd quarter valued at $36,000. Tobam acquired a new stake in shares of Square during the 3rd quarter valued at $40,000. Finally, Itau Unibanco Holding S.A. acquired a new stake in shares of Square during the 4th quarter valued at $36,000. Institutional investors own 54.56% of the company’s stock.

NYSE SQ opened at $79.70 on Tuesday. Square has a 1-year low of $65.10 and a 1-year high of $289.23. The company has a market capitalization of $46.23 billion, a P/E ratio of -531.30 and a beta of 2.38. The business has a 50 day moving average price of $115.18 and a 200 day moving average price of $143.62. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.97 and a quick ratio of 1.97.

Square (NYSE:SQGet Rating) last released its quarterly earnings data on Thursday, May 5th. The technology company reported $0.18 earnings per share for the quarter, missing the consensus estimate of $0.20 by ($0.02). The firm had revenue of $3.96 billion during the quarter, compared to analysts’ expectations of $4.14 billion. Square had a negative net margin of 0.46% and a positive return on equity of 0.74%. The business’s revenue for the quarter was down 21.7% on a year-over-year basis. During the same period in the previous year, the business earned $0.41 earnings per share. On average, research analysts expect that Square will post -0.7 earnings per share for the current fiscal year.

Square Company Profile (Get Rating)

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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