Square Inc. (NYSE:SQ) shares rose 1.1% on Tuesday . The stock traded as high as $9.44 and last traded at $9.37, with a volume of 1,023,096 shares changing hands. The stock had previously closed at $9.27.

SQ has been the topic of several research analyst reports. Vetr cut shares of Square from a “strong-buy” rating to a “buy” rating and set a $16.40 price target on the stock. in a report on Wednesday, April 27th. Mizuho initiated coverage on shares of Square in a report on Tuesday, March 29th. They issued a “buy” rating and a $16.00 price target on the stock. Goldman Sachs Group Inc. reissued a “buy” rating and issued a $15.00 price target on shares of Square in a report on Saturday, May 7th. Royal Bank Of Canada reissued a “buy” rating on shares of Square in a report on Sunday, May 8th. Finally, Compass Point upgraded shares of Square from a “neutral” rating to a “buy” rating and set a $13.00 target price on the stock in a research report on Tuesday, May 17th. Sixteen research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $12.21.

The firm’s market capitalization is $3.27 billion. The stock’s 50-day moving average is $9.20 and its 200-day moving average is $10.90.

Square (NYSE:SQ) last posted its quarterly earnings results on Thursday, May 5th. The company reported ($0.14) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.09) by $0.05. The firm had revenue of $146 million for the quarter, compared to the consensus estimate of $342.66 million. The business’s revenue for the quarter was up 64.0% on a year-over-year basis. On average, analysts forecast that Square Inc. will post ($0.61) EPS for the current fiscal year.

In related news, Director James Morgan Jr. Mckelvey sold 135,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 25th. The shares were sold at an average price of $9.80, for a total transaction of $1,323,000.00. Following the sale, the director now owns 200,654 shares of the company’s stock, valued at approximately $1,966,409.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Dana Wagner sold 200,000 shares of the company’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 transaction of $1,886,000.00. Following the sale, the insider now directly owns 353,268 shares in the company, valued at approximately $3,331,317.24. The disclosure for this sale can be found here.

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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