Jefferies Financial Group reaffirmed their hold rating on shares of Square (NYSE:SQ) in a research note published on Thursday morning, BenzingaRatingsTable reports. They currently have a $78.00 price objective on the technology company’s stock.

Other research analysts have also recently issued research reports about the company. Wedbush reaffirmed a neutral rating on shares of Square in a research report on Monday, July 1st. Nomura increased their price objective on Square from $90.00 to $100.00 and gave the stock a buy rating in a report on Friday, June 28th. Sanford C. Bernstein started coverage on Farfetch in a report on Tuesday, April 16th. They set an underperform rating and a $23.00 price objective on the stock. SunTrust Banks increased their price objective on Markel to $1,100.00 and gave the stock a hold rating in a report on Thursday, May 2nd. Finally, Raymond James set a C$31.00 price objective on Endeavour Mining and gave the stock an outperform rating in a report on Tuesday, July 9th. Two analysts have rated the stock with a sell rating, eleven have issued a hold rating and twenty-three have issued a buy rating to the stock. The stock has an average rating of Buy and an average price target of $87.04.

SQ stock opened at $78.51 on Thursday. The stock has a fifty day simple moving average of $72.66. The company has a debt-to-equity ratio of 0.91, a quick ratio of 1.50 and a current ratio of 1.50. Square has a 1-year low of $49.82 and a 1-year high of $101.15. The stock has a market capitalization of $33.21 billion, a PE ratio of 3,925.50, a P/E/G ratio of 21.04 and a beta of 3.31.

Square (NYSE:SQ) last posted its quarterly earnings data on Wednesday, May 1st. The technology company reported ($0.01) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.08 by ($0.09). Square had a positive return on equity of 1.86% and a negative net margin of 1.47%. The business had revenue of $489.00 million during the quarter, compared to analysts’ expectations of $479.63 million. During the same period in the prior year, the firm posted $0.06 EPS. The firm’s revenue for the quarter was up 59.3% on a year-over-year basis. As a group, equities research analysts forecast that Square will post 0.15 earnings per share for the current year.

In other news, insider Ajmere Dale sold 2,296 shares of the firm’s stock in a transaction that occurred on Monday, June 3rd. The stock was sold at an average price of $60.86, for a total value of $139,734.56. Following the completion of the transaction, the insider now owns 79,725 shares in the company, valued at approximately $4,852,063.50. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Alyssa Henry sold 20,000 shares of the firm’s stock in a transaction that occurred on Tuesday, May 14th. The shares were sold at an average price of $64.20, for a total value of $1,284,000.00. Following the completion of the transaction, the insider now owns 459,793 shares of the company’s stock, valued at approximately $29,518,710.60. The disclosure for this sale can be found here. In the last quarter, insiders sold 77,249 shares of company stock valued at $5,486,225. Company insiders own 21.79% of the company’s stock.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Western Wealth Management LLC increased its position in Square by 1.9% during the 1st quarter. Western Wealth Management LLC now owns 14,395 shares of the technology company’s stock valued at $1,063,000 after buying an additional 270 shares in the last quarter. Envestnet Asset Management Inc. increased its position in Square by 100.9% during the 1st quarter. Envestnet Asset Management Inc. now owns 70,549 shares of the technology company’s stock valued at $5,286,000 after buying an additional 35,438 shares in the last quarter. State of Wisconsin Investment Board increased its position in Square by 81.0% during the 1st quarter. State of Wisconsin Investment Board now owns 177,665 shares of the technology company’s stock valued at $13,311,000 after buying an additional 79,533 shares in the last quarter. Legacy Bridge LLC increased its position in Square by 3.2% during the 1st quarter. Legacy Bridge LLC now owns 6,360 shares of the technology company’s stock valued at $476,000 after buying an additional 200 shares in the last quarter. Finally, Aldebaran Financial Inc. increased its position in Square by 0.9% during the 1st quarter. Aldebaran Financial Inc. now owns 17,400 shares of the technology company’s stock valued at $1,304,000 after buying an additional 150 shares in the last quarter. Institutional investors own 51.96% of the company’s stock.

About Square

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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