Square’s (SQ) “Outperform” Rating Reiterated at Robert W. Baird

Square (NYSE:SQGet Rating)‘s stock had its “outperform” rating reissued by stock analysts at Robert W. Baird in a report released on Thursday. They currently have a $120.00 price target on the technology company’s stock. Robert W. Baird’s target price points to a potential upside of 46.23% from the stock’s previous close.

A number of other equities research analysts also recently weighed in on the company. Citigroup started coverage on Square in a report on Friday, February 11th. They issued a “buy” rating and a $220.00 target price on the stock. KeyCorp raised their target price on Square from $175.00 to $180.00 and gave the company an “overweight” rating in a report on Monday, April 4th. Stephens initiated coverage on Square in a report on Wednesday, April 6th. They issued an “overweight” rating and a $170.00 target price on the stock. Rosenblatt Securities raised their price objective on Square from $209.00 to $210.00 and gave the company a “buy” rating in a report on Friday, February 25th. Finally, Jefferies Financial Group cut their price objective on Square from $155.00 to $140.00 in a report on Wednesday, May 4th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, thirty-seven have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of $195.49.

Shares of SQ stock opened at $82.06 on Thursday. The stock’s fifty day moving average price is $114.10 and its two-hundred day moving average price is $142.78. The company has a market cap of $47.60 billion, a PE ratio of -547.03 and a beta of 2.38. Square has a fifty-two week low of $65.10 and a fifty-two week high of $289.23. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.97 and a current ratio of 1.97.

Square (NYSE:SQGet Rating) last issued its earnings results on Thursday, May 5th. The technology company reported $0.18 earnings per share for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.02). The business had revenue of $3.96 billion during the quarter, compared to analyst estimates of $4.14 billion. Square had a negative net margin of 0.46% and a positive return on equity of 0.74%. The company’s revenue for the quarter was down 21.7% compared to the same quarter last year. During the same period in the prior year, the business posted $0.41 EPS. On average, equities analysts predict that Square will post -0.7 EPS for the current fiscal year.

In other Square news, CFO Amrita Ahuja sold 3,814 shares of the business’s stock in a transaction dated Monday, May 2nd. The shares were sold at an average price of $98.47, for a total value of $375,564.58. Following the completion of the sale, the chief financial officer now directly owns 159,678 shares of the company’s stock, valued at approximately $15,723,492.66. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Alyssa Henry sold 30,770 shares of the business’s stock in a transaction dated Wednesday, May 11th. The shares were sold at an average price of $80.86, for a total transaction of $2,488,062.20. Following the completion of the sale, the insider now directly owns 433,436 shares of the company’s stock, valued at $35,047,634.96. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 50,553 shares of company stock valued at $4,947,624. 15.12% of the stock is owned by corporate insiders.

Institutional investors and hedge funds have recently made changes to their positions in the company. Franklin Resources Inc. lifted its position in shares of Square by 0.4% in the 3rd quarter. Franklin Resources Inc. now owns 2,105,201 shares of the technology company’s stock worth $504,910,000 after purchasing an additional 8,938 shares during the period. Equitable Holdings Inc. raised its position in shares of Square by 5.0% in the third quarter. Equitable Holdings Inc. now owns 30,462 shares of the technology company’s stock valued at $7,306,000 after buying an additional 1,448 shares during the last quarter. Makena Capital Management LLC increased its position in Square by 11.2% during the third quarter. Makena Capital Management LLC now owns 48,143 shares of the technology company’s stock worth $11,547,000 after purchasing an additional 4,855 shares during the last quarter. Hussman Strategic Advisors Inc. acquired a new stake in Square during the fourth quarter worth about $1,260,000. Finally, Kingsview Wealth Management LLC increased its position in shares of Square by 2.0% during the third quarter. Kingsview Wealth Management LLC now owns 6,696 shares of the technology company’s stock valued at $1,606,000 after acquiring an additional 129 shares during the last quarter. 54.56% of the stock is owned by hedge funds and other institutional investors.

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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