Square, Inc. (NYSE:SQ) Receives $86.54 Consensus PT from Analysts

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Shares of Square, Inc. (NYSE:SQ) have been assigned an average recommendation of “Hold” from the thirty-seven research firms that are currently covering the stock, Marketbeat Ratings reports. Three research analysts have rated the stock with a sell rating, thirteen have given a hold rating and twenty have given a buy rating to the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $86.54.

A number of equities research analysts have recently issued reports on the stock. ValuEngine downgraded shares of Square from a “buy” rating to a “hold” rating in a research note on Friday, May 10th. Zacks Investment Research raised shares of Square from a “hold” rating to a “buy” rating and set a $77.00 price target on the stock in a research note on Tuesday, May 7th. BMO Capital Markets reduced their price target on shares of Square to $90.00 and set a “market perform” rating on the stock in a research note on Friday, May 3rd. Wedbush reissued a “neutral” rating and issued a $75.00 price target on shares of Square in a research note on Thursday, May 2nd. Finally, SunTrust Banks reduced their price target on shares of Square to $65.00 and set a “hold” rating on the stock in a research note on Thursday, May 2nd.

In other Square news, insider Jacqueline D. Reses sold 5,000 shares of the firm’s stock in a transaction dated Friday, May 3rd. The shares were sold at an average price of $68.35, for a total transaction of $341,750.00. Following the completion of the transaction, the insider now directly owns 413,593 shares in the company, valued at approximately $28,269,081.55. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Jack Dorsey sold 103,035 shares of the firm’s stock in a transaction dated Wednesday, March 20th. The shares were sold at an average price of $75.08, for a total transaction of $7,735,867.80. The disclosure for this sale can be found here. Insiders sold a total of 405,091 shares of company stock valued at $30,184,255 in the last quarter. Insiders own 21.79% of the company’s stock.

Large investors have recently bought and sold shares of the business. Lenox Wealth Management Inc. bought a new stake in shares of Square in the first quarter worth $25,000. Legacy Advisors LLC bought a new stake in shares of Square in the first quarter worth $27,000. FTB Advisors Inc. bought a new stake in Square during the first quarter valued at $27,000. Pearl River Capital LLC bought a new stake in Square during the fourth quarter valued at $28,000. Finally, Johnson Financial Group Inc. bought a new stake in Square during the fourth quarter valued at $28,000. Hedge funds and other institutional investors own 52.11% of the company’s stock.

NYSE:SQ traded up $0.32 on Friday, hitting $70.50. The stock had a trading volume of 451,838 shares, compared to its average volume of 11,612,312. The company has a debt-to-equity ratio of 0.91, a current ratio of 1.50 and a quick ratio of 1.50. The firm has a market capitalization of $29.76 billion, a price-to-earnings ratio of 3,518.50, a PEG ratio of 11.39 and a beta of 3.40. Square has a 1-year low of $49.82 and a 1-year high of $101.15.

Square (NYSE:SQ) last posted its earnings results on Wednesday, May 1st. The technology company reported ($0.01) earnings per share for the quarter, missing the consensus estimate of $0.08 by ($0.09). The firm had revenue of $489.00 million during the quarter, compared to analyst estimates of $479.63 million. Square had a negative net margin of 1.47% and a positive return on equity of 1.86%. The business’s revenue for the quarter was up 59.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.06 earnings per share. As a group, equities analysts anticipate that Square will post 0.15 earnings per share for the current fiscal year.

About Square

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 Magstripe reader, which enables swiped transactions of 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 swiped transactions of magnetic stripe cards; Square Stand, which enables an iPad to be used as a payment terminal or full point of sale solution; and Square Register that combines its hardware, point-of-sale software, and payments technology, as well as managed payments solutions.

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Analyst Recommendations for Square (NYSE:SQ)

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