Square Inc. (NYSE:SQ) shares fell 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 traded. The stock had previously closed at $9.37.

Several research firms have recently issued reports on SQ. Vetr cut Square from a “strong-buy” rating to a “buy” rating and set a $9.81 price target for the company. in a research note on Monday, July 11th. BTIG Research reissued a “buy” rating and issued a $12.00 price target on shares of Square in a research note on Friday, July 8th. Wedbush raised Square from an “underperform” rating to a “neutral” rating and set a $8.00 target price for the company in a research note on Friday, July 1st. They noted that the move was a valuation call. Morgan Stanley reaffirmed an “equal weight” rating and set a $10.00 target price (down previously from $12.00) on shares of Square in a research note on Thursday, June 30th. Finally, Evercore ISI started coverage on Square in a research note on Tuesday, June 21st. They set a “hold” rating and a $7.00 target price for the company. Fifteen analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. Square has a consensus rating of “Hold” and a consensus target price of $12.23.

The company’s market cap is $3.07 billion. The company’s 50-day moving average price is $9.21 and its 200 day moving average price is $10.98.

Square (NYSE:SQ) last announced its quarterly earnings data on Thursday, May 5th. The company reported ($0.14) EPS for the quarter, missing analysts’ consensus estimates of ($0.09) by $0.05. The company earned $146 million during the quarter, compared to analyst estimates of $342.66 million. The firm’s revenue was up 64.0% compared to the same quarter last year. On average, equities research analysts expect that Square Inc. will post ($0.61) earnings per share for the current year.

In other Square news, CEO Jack Dorsey sold 168,750 shares of the business’s stock in a transaction dated Tuesday, May 17th. The stock was sold at an average price of $9.12, for a total value of $1,539,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director James Morgan Jr. Mckelvey sold 135,000 shares of the business’s stock in a transaction dated Wednesday, May 25th. The shares were sold at an average price of $9.80, for a total value of $1,323,000.00. Following the completion of the transaction, the director now directly owns 200,654 shares of the company’s stock, valued at $1,966,409.20. 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 position in shares of Square Inc. (NYSE:SQ) during the fourth quarter, according to its most recent disclosure with the SEC. The firm bought 176,774 shares of the company’s stock, valued at approximately $2,314,000. Morgan Stanley owned 0.11% of Square at the end of the most recent reporting period.

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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