Latest News

Square (SQ) – Analysts’ Recent Ratings Changes

Several analysts have recently updated their ratings and price targets for Square (NYSE: SQ):

  • 11/8/2019 – Square had its price target lowered by analysts at BMO Capital Markets to $78.00. They now have a “market perform” rating on the stock.
  • 11/8/2019 – Square had its “buy” rating reaffirmed by analysts at UBS Group AG. They now have a $77.00 price target on the stock, down previously from $81.00.
  • 11/7/2019 – Square had its price target lowered by analysts at Evercore ISI from $50.00 to $37.00. They now have an “underperform” rating on the stock.
  • 11/7/2019 – Square had its price target lowered by analysts at JPMorgan Chase & Co. from $87.00 to $75.00. They now have an “overweight” rating on the stock.
  • 11/7/2019 – Square had its price target lowered by analysts at Piper Jaffray Companies from $75.00 to $66.00. They now have a “neutral” rating on the stock.
  • 11/7/2019 – Square had its price target lowered by analysts at Needham & Company LLC from $90.00 to $80.00. They now have a “buy” rating on the stock.
  • 11/1/2019 – Square was upgraded by analysts at ValuEngine from a “hold” rating to a “buy” rating.
  • 10/14/2019 – Square is now covered by analysts at UBS Group AG. They set a “buy” rating and a $81.00 price target on the stock.
  • 10/11/2019 – Square is now covered by analysts at Nomura. They set a “reduce” rating and a $49.00 price target on the stock.
  • 10/11/2019 – Square was upgraded by analysts at Susquehanna Bancshares Inc from a “neutral” rating to a “positive” rating. They now have a $77.00 price target on the stock.
  • 10/10/2019 – Square had its “overweight” rating reaffirmed by analysts at Cantor Fitzgerald. They now have a $91.00 price target on the stock.
  • 10/3/2019 – Square is now covered by analysts at Berenberg Bank. They set a “hold” rating and a $58.00 price target on the stock.
  • 9/26/2019 – Square was upgraded by analysts at Wells Fargo & Co from a “market perform” rating to an “outperform” rating. They now have a $80.00 price target on the stock.

SQ stock opened at $67.75 on Monday. The company has a market cap of $28.97 billion, a P/E ratio of 3,387.50, a P/E/G ratio of 16.57 and a beta of 3.38. Square, Inc. has a 52 week low of $49.82 and a 52 week high of $83.20. The company’s 50-day moving average price is $62.66 and its 200 day moving average price is $66.45. The company has a current ratio of 1.68, a quick ratio of 1.68 and a debt-to-equity ratio of 0.83.

Square (NYSE:SQ) last released its quarterly earnings data on Wednesday, November 6th. The technology company reported $0.25 EPS for the quarter, topping analysts’ consensus estimates of $0.20 by $0.05. The firm had revenue of $602.00 million for the quarter, compared to the consensus estimate of $596.85 million. Square had a negative net margin of 1.01% and a positive return on equity of 5.72%. The firm’s revenue was up 39.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.13 earnings per share. On average, equities research analysts expect that Square, Inc. will post 0.12 earnings per share for the current year.

In other Square news, insider Jacqueline D. Reses sold 90,455 shares of the company’s stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $62.28, for a total value of $5,633,537.40. Following the sale, the insider now owns 368,157 shares of the company’s stock, valued at $22,928,817.96. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Ajmere Dale sold 2,048 shares of the company’s stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $62.47, for a total transaction 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 approximately $4,001,203.50. The disclosure for this sale can be found here. In the last three months, insiders have sold 112,503 shares of company stock worth $6,966,676. 21.79% of the stock is owned by insiders.

Hedge funds and other institutional investors have recently made changes to their positions in the business. Enterprise Trust & Investment Co acquired a new position in shares of Square in the second quarter valued at approximately $25,000. Benjamin Edwards Inc. raised its position in shares of Square by 78.4% in the second quarter. Benjamin Edwards Inc. now owns 512 shares of the technology company’s stock valued at $37,000 after buying an additional 225 shares during the last quarter. Atlantic Trust LLC raised its position in shares of Square by 38.9% in the second quarter. Atlantic Trust LLC now owns 521 shares of the technology company’s stock valued at $38,000 after buying an additional 146 shares during the last quarter. Commonwealth Bank of Australia raised its position in shares of Square by 62.5% in the second quarter. Commonwealth Bank of Australia now owns 538 shares of the technology company’s stock valued at $38,000 after buying an additional 207 shares during the last quarter. Finally, Assetmark Inc. raised its position in shares of Square by 67.6% in the second quarter. Assetmark Inc. now owns 523 shares of the technology company’s stock valued at $38,000 after buying an additional 211 shares during the last quarter. 55.57% of the stock is currently owned by institutional investors.

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.

Featured Story: Depreciation

Leave a Reply

Your email address will not be published. Required fields are marked *