Square (SQ) Rating Reiterated by Guggenheim
Other research analysts have also recently issued reports about the stock. BTIG Research cut shares of Square from a neutral rating to a sell rating and increased their target price for the stock from $12.38 to $30.00 in a report on Monday, November 27th. Vetr upgraded shares of Square from a hold rating to a buy rating and set a $51.38 target price on the stock in a report on Thursday, November 23rd. Credit Suisse Group increased their target price on shares of Square from $37.00 to $44.00 and gave the stock a neutral rating in a report on Wednesday, February 28th. Craig Hallum reiterated a hold rating and set a $41.00 target price (up from $33.00) on shares of Square in a report on Wednesday, February 28th. Finally, SunTrust Banks increased their target price on shares of Square to $42.00 and gave the stock a hold rating in a report on Wednesday, February 28th. One analyst has rated the stock with a sell rating, thirteen have issued a hold rating, twenty-four have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of Buy and a consensus price target of $42.56.
Square (NYSE SQ) opened at $46.02 on Thursday. The company has a quick ratio of 1.83, a current ratio of 1.83 and a debt-to-equity ratio of 0.46. The company has a market cap of $18,240.30, a PE ratio of -287.63 and a beta of 4.56. Square has a 1-year low of $16.11 and a 1-year high of $49.56.
In other Square news, Director James Morgan Jr. Mckelvey sold 400,000 shares of the firm’s stock in a transaction that occurred on Monday, December 11th. The shares were sold at an average price of $38.15, for a total transaction of $15,260,000.00. Following the completion of the transaction, the director now directly owns 67,732 shares of the company’s stock, valued at approximately $2,583,975.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Jack Dorsey sold 50,000 shares of the firm’s stock in a transaction that occurred on Wednesday, December 6th. The stock was sold at an average price of $38.42, for a total transaction of $1,921,000.00. The disclosure for this sale can be found here. Insiders sold a total of 1,524,105 shares of company stock valued at $61,887,096 over the last ninety days. 32.68% of the stock is currently owned by insiders.
Institutional investors and hedge funds have recently bought and sold shares of the business. Atlantic Trust Group LLC purchased a new position in Square during the 3rd quarter worth approximately $1,143,000. Schwab Charles Investment Management Inc. raised its position in Square by 1,407.6% during the 3rd quarter. Schwab Charles Investment Management Inc. now owns 696,007 shares of the technology company’s stock worth $20,052,000 after buying an additional 649,841 shares during the last quarter. California Public Employees Retirement System raised its position in Square by 4.1% during the 3rd quarter. California Public Employees Retirement System now owns 368,151 shares of the technology company’s stock worth $10,606,000 after buying an additional 14,451 shares during the last quarter. Kessler Investment Group LLC raised its position in Square by 133.1% during the 4th quarter. Kessler Investment Group LLC now owns 11,725 shares of the technology company’s stock worth $407,000 after buying an additional 6,695 shares during the last quarter. Finally, Nomura Asset Management Co. Ltd. purchased a new position in Square during the 3rd quarter worth approximately $36,574,000. 52.74% of the stock is owned by institutional investors.
Square Company Profile
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.
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