SQ has been the subject of several other reports. Vetr upgraded Square from a hold rating to a buy rating and set a $51.38 price objective for the company in a research report on Thursday, November 23rd. BTIG Research lowered Square from a neutral rating to a sell rating and increased their price objective for the stock from $12.38 to $30.00 in a research report on Monday, November 27th. Cowen started coverage on Square in a research report on Monday, December 11th. They issued a market perform rating and a $36.00 price objective for the company. They noted that the move was a valuation call. Morgan Stanley increased their price objective on Square from $26.00 to $40.00 and gave the stock a hold rating in a research report on Tuesday, December 19th. They noted that the move was a valuation call. Finally, Buckingham Research started coverage on Square in a research report on Thursday, January 4th. They issued a buy rating and a $42.00 price objective for the company. Two investment analysts have rated the stock with a sell rating, eleven have given a hold rating and twenty-five have given a buy rating to the company. The company currently has an average rating of Buy and a consensus price target of $43.48.
Shares of Square (SQ) opened at $53.55 on Friday. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.83 and a quick ratio of 1.83. The stock has a market capitalization of $20,479.71, a P/E ratio of -334.69 and a beta of 4.56. Square has a 52-week low of $16.22 and a 52-week high of $58.46.
In other news, insider Ajmere Dale sold 1,451 shares of the stock in a transaction on 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 directly owns 109,586 shares in the company, valued at $4,383,440. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Hillary B. Smith sold 1,551 shares of the stock in a transaction on Tuesday, January 2nd. The shares were sold at an average price of $35.12, for a total value of $54,471.12. Following the completion of the sale, the insider now owns 487,482 shares in the company, valued at $17,120,367.84. The disclosure for this sale can be found here. Over the last quarter, insiders sold 1,321,457 shares of company stock worth $60,422,201. Insiders own 32.68% of the company’s stock.
Hedge funds and other institutional investors have recently made changes to their positions in the company. Atlantic Trust Group LLC acquired a new stake in shares of Square in the third quarter valued at $1,143,000. Schwab Charles Investment Management Inc. raised its stake in shares of Square by 1,407.6% in the third quarter. Schwab Charles Investment Management Inc. now owns 696,007 shares of the technology company’s stock valued at $20,052,000 after acquiring an additional 649,841 shares in the last quarter. California Public Employees Retirement System increased its holdings in Square by 4.1% in the third quarter. California Public Employees Retirement System now owns 368,151 shares of the technology company’s stock valued at $10,606,000 after buying an additional 14,451 shares during the last quarter. Kessler Investment Group LLC increased its holdings in Square by 133.1% in the fourth quarter. Kessler Investment Group LLC now owns 11,725 shares of the technology company’s stock valued at $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 in the third quarter valued at $36,574,000. Institutional investors and hedge funds own 52.06% 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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