Square (NYSE:SQ – Get Grade)The stock saw its “outperform” rating reaffirmed by Oppenheimer analysts in a research note released Tuesday to investors. They currently have a price target of $150.00 on shares of the technology company. Oppenheimer’s target price would suggest a potential upside of 81.84% from the current stock price.
Other equity research analysts have also recently published research reports on the company. Mizuho raised its price target on Square from $190.00 to $215.00 and gave the company a “buy” rating in a Tuesday, March 29 report. Stephens began covering Square in a research report on Wednesday, April 6. They set an “overweight” rating and a target price of $170.00 on the stock. Cowen reduced his target price on Square from $188.00 to $148.00 in a Friday, May 6 research report. Wells Fargo & Company began covering Square in a research report on Monday, April 4. They set an “overweight” rating and a target price of $165.00 on the stock. Finally, Wolfe Research reaffirmed a “buy” rating and set a target price of $170.00 on Square shares in a Friday, April 8 research report. One investment analyst gave the stock a sell rating, five gave the company a hold rating, thirty-six gave the company a buy rating and one gave the company a strong buy rating. Based on data from MarketBeat, Square has an average rating of “Buy” and a consensus price target of $195.67.
Shares of SQ opened at $82.49 on Tuesday. Square has a 1-year low of $65.10 and a 1-year high of $289.23. The company has a debt ratio of 0.26, a current ratio of 1.97 and a quick ratio of 1.97. The company has a market capitalization of $47.85 billion, a price-earnings ratio of -531.30 and a beta of 2.37. The company has a 50-day moving average of $115.18 and a 200-day moving average of $143.62.
Square (NYSE:SQ – Get Rating) last released its results on Thursday, May 5. The tech company reported earnings per share of $0.18 for the quarter, missing analyst consensus estimates of $0.20 per ($0.02). The company posted revenue of $3.96 billion in the quarter, versus a consensus estimate of $4.14 billion. Square had a positive return on equity of 0.74% and a negative net margin of 0.46%. The company’s revenue for the quarter decreased 21.7% compared to the same quarter last year. In the same quarter a year earlier, the company posted earnings per share of $0.41. As a group, sell-side analysts expect Square to post -0.7 EPS for the current year.
In related news, insider Alyssa Henry sold 30,770 shares of the company in a trade that took place on Wednesday, May 11. The stock was sold at an average price of $80.86, for a total transaction of $2,488,062.20. Following the transaction, the insider now directly owns 433,436 shares of the company, valued at approximately $35,047,634.96. The transaction was disclosed in a filing with the SEC, which is available via this hyperlink. Additionally, Chief Financial Officer Amrita Ahuja sold 2,680 shares of the company in a transaction that took place on Monday, April 4. The stock was sold at an average price of $141.79, for a total value of $379,997.20. Following the transaction, the CFO now owns 121,461 shares of the company, valued at $17,221,955.19. The disclosure of this sale can be found here. In the past three months, insiders have sold 50,553 shares of the company worth $4,947,624. 15.12% of the shares are currently held by insiders.
Hedge funds have recently changed their holdings in the company. Ibex Wealth Advisors bought a new stake in Square in the third quarter for $25,000. Bell Investment Advisors Inc bought a new position in Square during the third quarter worth $30,000. Arlington Partners LLC increased its position in Square by 200.0% during the first quarter. Arlington Partners LLC now owns 234 shares of the technology company valued at $32,000 after purchasing an additional 156 shares during the period. Consolidated Planning Corp bought a new position in Square during the third quarter worth $36,000. Finally, Itau Unibanco Holding SA bought a new position in Square during the fourth quarter worth $36,000. Hedge funds and other institutional investors own 54.56% of the company’s shares.
About Square (Get a rating)
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 a Magstripe reader, which enables transactions by swiping 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 swipe transactions of magnetic stripe cards; Square Stand, which allows an iPad to be used as a payment terminal or as a complete point-of-sale solution; and Square Register which combines its hardware, point-of-sale software and payment technology, as well as managed payment solutions.
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