Vetr downgraded shares of Square (NYSE:SQ) from a buy rating to a hold rating in a research note released on Tuesday. Vetr currently has $58.05 price target on the technology company’s stock.

A number of other research firms also recently issued reports on SQ. Credit Suisse Group restated a positive rating and set a $37.00 price objective (up previously from $31.00) on shares of Square in a report on Monday, November 20th. Nomura restated a buy rating and set a $64.00 price objective (up previously from $48.00) on shares of Square in a report on Friday, January 19th. Zacks Investment Research upgraded shares of Square from a hold rating to a buy rating and set a $49.00 price objective for the company in a report on Monday, February 5th. Barclays restated a buy rating and set a $43.00 price objective on shares of Square in a report on Friday, January 5th. Finally, Susquehanna Bancshares raised their price objective on shares of Square from $43.00 to $51.00 and gave the stock a positive rating in a report on Monday, February 5th. One analyst has rated the stock with a sell rating, thirteen have given a hold rating and twenty-four have given a buy rating to the stock. The stock has a consensus rating of Buy and a consensus target price of $42.73.

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Square (NYSE SQ) opened at $55.16 on Tuesday. The company has a current ratio of 1.83, a quick ratio of 1.83 and a debt-to-equity ratio of 0.46. Square has a 12-month low of $16.22 and a 12-month high of $58.46.

Square (NYSE:SQ) last released its quarterly earnings results on Tuesday, February 27th. The technology company reported $0.08 earnings per share for the quarter, beating analysts’ consensus estimates of $0.07 by $0.01. Square had a negative net margin of 2.84% and a negative return on equity of 6.60%. The company had revenue of $616.04 million for the quarter, compared to analyst estimates of $601.63 million. research analysts expect that Square will post 0.02 earnings per share for the current year.

In other news, insider Ajmere Dale sold 1,451 shares of the firm’s stock in a transaction that occurred on Friday, January 5th. The shares were sold at an average price of $40.00, for a total value of $58,040.00. Following the completion of the transaction, the insider now directly owns 109,586 shares in the company, valued at $4,383,440. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Hillary B. Smith sold 21,383 shares of the firm’s stock in a transaction that occurred on Monday, March 19th. The shares were sold at an average price of $54.17, for a total transaction of $1,158,317.11. Following the completion of the transaction, the insider now owns 469,814 shares of the company’s stock, valued at $25,449,824.38. The disclosure for this sale can be found here. Insiders sold 1,321,457 shares of company stock valued at $60,422,201 over the last 90 days. 32.68% of the stock is owned by company insiders.

Several hedge funds have recently added to or reduced their stakes in SQ. Ark Investment Management LLC boosted its position in shares of Square by 18.2% in the second quarter. Ark Investment Management LLC now owns 288,524 shares of the technology company’s stock valued at $6,769,000 after acquiring an additional 44,524 shares during the period. The Manufacturers Life Insurance Company lifted its position in Square by 8.5% during the second quarter. The Manufacturers Life Insurance Company now owns 11,706 shares of the technology company’s stock valued at $274,000 after purchasing an additional 921 shares during the last quarter. Aperio Group LLC lifted its position in Square by 25.7% during the third quarter. Aperio Group LLC now owns 12,041 shares of the technology company’s stock valued at $347,000 after purchasing an additional 2,460 shares during the last quarter. Raymond James Financial Services Advisors Inc. lifted its position in Square by 111.1% during the third quarter. Raymond James Financial Services Advisors Inc. now owns 143,724 shares of the technology company’s stock valued at $4,141,000 after purchasing an additional 75,627 shares during the last quarter. Finally, State of Wisconsin Investment Board lifted its position in Square by 12.0% during the third quarter. State of Wisconsin Investment Board now owns 49,554 shares of the technology company’s stock valued at $1,428,000 after purchasing an additional 5,302 shares during the last quarter. Institutional investors own 52.05% of the company’s stock.

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About Square

Square, Inc (Square) is a commerce ecosystem. The Company enables its sellers start, run and grow their businesses. It combines software with hardware to enable sellers to turn mobile devices and computing devices into payments and point-of-sale solutions. Once a seller downloads the Square Point of Sale mobile application, they can take their first payment.

To view Vetr’s full report, visit Vetr’s official website.

Analyst Recommendations for Square (NYSE:SQ)

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