Shares of Square Inc. (NYSE:SQ) dropped 2.7% during mid-day trading on Friday . The stock traded as low as $9.11 and last traded at $9.12, with a volume of 1,239,212 shares changing hands. The stock had previously closed at $9.37.

A number of equities analysts have recently weighed in on SQ shares. Piper Jaffray Cos. started coverage on Square in a research note on Thursday, May 19th. They issued a “neutral” rating and a $10.00 price objective for the company. Vetr lowered Square from a “strong-buy” rating to a “buy” rating and set a $16.69 price objective for the company. in a research note on Thursday, March 31st. Wedbush lowered Square from a “neutral” rating to an “underperform” rating and dropped their price objective for the stock from $11.00 to $9.00 in a research note on Friday, May 6th. BTIG Research lowered Square from a “buy” rating to a “neutral” rating and set a $15.00 price objective for the company. in a research note on Thursday, March 31st. They noted that the move was a valuation call. Finally, Canaccord Genuity reaffirmed a “hold” rating on shares of Square in a research note on Sunday, May 8th. Fifteen equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. Square presently has a consensus rating of “Hold” and an average price target of $12.23.

The stock has a 50-day moving average of $9.23 and a 200 day moving average of $11.00. The stock’s market cap is $3.07 billion.

Square (NYSE:SQ) last posted its quarterly earnings data on Thursday, May 5th. The company reported ($0.14) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.09) by $0.05. The company earned $146 million during the quarter, compared to the consensus estimate of $342.66 million. The business’s revenue was up 64.0% compared to the same quarter last year. Equities analysts expect that Square Inc. will post ($0.60) EPS for the current year.

In other news, CEO Jack Dorsey sold 168,750 shares of the business’s stock in a transaction that occurred on Tuesday, May 17th. The stock was sold at an average price of $9.12, for a total transaction of $1,539,000.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Dana Wagner sold 200,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 18th. The stock was sold at an average price of $9.43, for a total value of $1,886,000.00. Following the transaction, the insider now owns 353,268 shares in the company, valued at $3,331,317.24. The disclosure for this sale can be found here.

An institutional investor recently bought a new position in Square stock. Morgan Stanley bought a new stake in Square Inc. (NYSE:SQ) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 176,774 shares of the company’s stock, valued at approximately $2,314,000. Morgan Stanley owned approximately 0.11% of Square as of its most recent filing with the SEC.

Square, Inc (Square) provides financial services and marketing services. The Company also provides payments and point-of-sale (POS), which include hardware and software to accept payments, streamline operations, and analyze business information. The Company’s payments and POS services include In-Person Payments, Online Payments, Square Cash, Square Register, Square Analytics, Square Appointments and Square App Marketplace.

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