Susquehanna Bancshares Lowers Square (NYSE:SQ) Price Target to $100.00

Square (NYSE:SQGet Rating) had its price target lowered by stock analysts at Susquehanna Bancshares from $160.00 to $100.00 in a research note issued on Tuesday, Stock Target Advisor reports. The brokerage presently has a “positive” rating on the technology company’s stock. Susquehanna Bancshares’ price objective points to a potential upside of 33.73% from the stock’s current price.

SQ has been the topic of a number of other reports. StockNews.com upgraded shares of Square to a “sell” rating in a research note on Monday, June 20th. Moffett Nathanson reduced their price objective on Square from $200.00 to $170.00 in a report on Friday, May 6th. Cowen lowered their target price on Square from $188.00 to $148.00 in a research note on Friday, May 6th. Wedbush cut their price target on Square from $140.00 to $100.00 and set a “neutral” rating for the company in a research note on Thursday, May 19th. Finally, Truist Financial lowered their price objective on Square from $145.00 to $105.00 and set a “buy” rating on the stock in a research note on Thursday, June 30th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and thirty-eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $167.51.

Square Price Performance

Shares of NYSE SQ opened at $74.78 on Tuesday. The company has a quick ratio of 1.97, a current ratio of 1.97 and a debt-to-equity ratio of 0.26. The company has a market capitalization of $43.38 billion, a PE ratio of -498.50 and a beta of 2.45. The stock’s 50 day moving average price is $72.53 and its 200-day moving average price is $102.36. Square has a twelve month low of $56.01 and a twelve month high of $289.23.

Square (NYSE:SQGet Rating) last announced its quarterly earnings data on Thursday, May 5th. The technology company reported ($0.26) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.18) by ($0.08). The business had revenue of $3.96 billion during the quarter, compared to the consensus estimate of $4.14 billion. Square had a negative net margin of 0.46% and a positive return on equity of 0.74%. The firm’s revenue for the quarter was down 21.7% compared to the same quarter last year. During the same quarter last year, the company earned $0.41 EPS. On average, equities analysts anticipate that Square will post -0.76 EPS for the current year.

Insider Buying and Selling

In related news, insider Alyssa Henry sold 30,770 shares of the company’s stock in a transaction on Wednesday, July 13th. The shares were sold at an average price of $62.22, for a total transaction of $1,914,509.40. Following the completion of the sale, the insider now directly owns 428,058 shares in the company, valued at approximately $26,633,768.76. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other Square news, insider Alyssa Henry sold 30,770 shares of the stock in a transaction that occurred on Wednesday, July 13th. The stock was sold at an average price of $62.22, for a total value of $1,914,509.40. Following the completion of the sale, the insider now owns 428,058 shares in the company, valued at approximately $26,633,768.76. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CFO Amrita Ahuja sold 3,814 shares of the business’s stock in a transaction that occurred on Monday, May 2nd. The shares were sold at an average price of $98.47, for a total value of $375,564.58. Following the transaction, the chief financial officer now directly owns 159,678 shares in the company, valued at $15,723,492.66. The disclosure for this sale can be found here. Insiders have sold a total of 260,371 shares of company stock worth $18,716,402 in the last ninety days. 11.52% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in SQ. SWS Partners lifted its position in Square by 2.5% during the fourth quarter. SWS Partners now owns 4,060 shares of the technology company’s stock valued at $656,000 after buying an additional 99 shares during the period. Stanley Laman Group Ltd. bought a new stake in Square during the fourth quarter worth about $1,665,000. Berger Financial Group Inc purchased a new stake in Square in the fourth quarter worth about $4,977,000. Bridgecreek Investment Management LLC increased its stake in shares of Square by 10.1% during the fourth quarter. Bridgecreek Investment Management LLC now owns 18,210 shares of the technology company’s stock valued at $2,941,000 after purchasing an additional 1,675 shares in the last quarter. Finally, Regent Investment Management LLC lifted its holdings in shares of Square by 1.1% during the fourth quarter. Regent Investment Management LLC now owns 15,308 shares of the technology company’s stock valued at $2,472,000 after purchasing an additional 170 shares during the last quarter. Hedge funds and other institutional investors own 54.56% of the company’s stock.

About Square

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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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