Square (NYSE:SQ) had its price objective increased by Barclays from $43.00 to $51.00 in a research report released on Wednesday morning, MarketBeat reports. They currently have an overweight rating on the technology company’s stock.
A number of other equities research analysts have also recently weighed in on the stock. Vetr upgraded shares of Square from a buy rating to a strong-buy rating and set a $51.93 price objective on the stock in a research note on Wednesday. KeyCorp reaffirmed an overweight rating and set a $52.00 target price (up from $40.00) on shares of Square in a report on Wednesday, February 21st. Deutsche Bank lifted their target price on Square from $37.00 to $43.00 and gave the stock a buy rating in a report on Thursday, February 15th. Zacks Investment Research raised Square from a hold rating to a buy rating and set a $49.00 target price on the stock in a report on Monday, February 5th. Finally, Susquehanna Bancshares lifted their target price on Square from $43.00 to $51.00 and gave the stock a positive rating in a report on Monday, February 5th. One equities research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating, twenty-four have issued a buy rating and one has given a strong buy rating to the company. Square currently has a consensus rating of Buy and an average price target of $41.78.
Shares of Square (NYSE SQ) opened at $46.05 on Wednesday. Square has a one year low of $16.11 and a one year high of $49.56. The company has a current ratio of 1.81, a quick ratio of 1.81 and a debt-to-equity ratio of 0.48. The firm has a market cap of $17,890.00 and a PE ratio of -270.88.
In other Square news, Director James Morgan Jr. Mckelvey sold 400,000 shares of the firm’s stock in a transaction dated Tuesday, February 20th. The stock was sold at an average price of $45.66, for a total transaction of $18,264,000.00. Following the completion of the sale, the director now directly owns 468,020 shares in the company, valued at approximately $21,369,793.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Ajmere Dale sold 1,451 shares of the firm’s stock in a transaction dated Friday, January 5th. The stock was sold at an average price of $40.00, for a total value of $58,040.00. Following the sale, the insider now owns 109,586 shares of the company’s stock, valued at $4,383,440. The disclosure for this sale can be found here. Insiders have sold a total of 1,578,341 shares of company stock valued at $63,958,753 over the last 90 days. Corporate insiders own 32.68% of the company’s stock.
A number of hedge funds and other institutional investors have recently made changes to their positions in the business. The Manufacturers Life Insurance Company boosted its position in Square by 8.5% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 11,706 shares of the technology company’s stock worth $274,000 after acquiring an additional 921 shares during the period. BB&T Securities LLC boosted its position in Square by 16.6% during the 4th quarter. BB&T Securities LLC now owns 10,902 shares of the technology company’s stock worth $377,000 after acquiring an additional 1,550 shares during the period. US Bancorp DE boosted its position in Square by 20.2% during the 4th quarter. US Bancorp DE now owns 10,251 shares of the technology company’s stock worth $355,000 after acquiring an additional 1,724 shares during the period. CIBC Asset Management Inc lifted its holdings in shares of Square by 19.9% during the 3rd quarter. CIBC Asset Management Inc now owns 12,521 shares of the technology company’s stock valued at $361,000 after buying an additional 2,075 shares during the last quarter. Finally, Teacher Retirement System of Texas lifted its holdings in shares of Square by 15.2% during the 3rd quarter. Teacher Retirement System of Texas now owns 18,042 shares of the technology company’s stock valued at $520,000 after buying an additional 2,382 shares during the last quarter. Hedge funds and other institutional investors own 53.31% of the company’s stock.
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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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