Square Inc (NYSE:SQ) rose 2.1% during mid-day trading on Monday . The stock traded as high as $10.18 and last traded at $9.93, with a volume of 4,542,092 shares trading hands. The stock had previously closed at $9.73.

SQ has been the subject of several research analyst reports. Vetr lowered shares of Square from a “strong-buy” rating to a “buy” rating and set a $10.20 target price for the company. in a research report on Monday, June 27th. Evercore ISI initiated coverage on shares of Square in a research report on Tuesday, June 21st. They set a “hold” rating and a $7.00 target price for the company. BTIG Research reiterated a “buy” rating and set a $12.00 target price on shares of Square in a research report on Monday, June 20th. Goldman Sachs Group Inc. reiterated a “buy” rating and set a $15.00 target price on shares of Square in a research report on Saturday, May 7th. Finally, Royal Bank Of Canada reiterated a “buy” rating on shares of Square in a research report on Friday, June 17th. Sixteen investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. Square currently has a consensus rating of “Hold” and an average price target of $12.21.

The firm’s market cap is $3.30 billion. The company’s 50 day moving average price is $9.21 and its 200 day moving average price is $10.86.

Square (NYSE:SQ) last released its quarterly earnings data on Thursday, May 5th. The company reported ($0.14) earnings per share for the quarter, missing the consensus estimate of ($0.09) by $0.05. The company earned $146 million during the quarter, compared to analysts’ expectations of $342.66 million. The firm’s quarterly revenue was up 64.0% compared to the same quarter last year. On average, equities analysts forecast that Square Inc will post ($0.58) earnings per share for the current year.

In other Square news, insider Dana Wagner sold 200,000 shares of the firm’s stock in a transaction 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 completion of the transaction, the insider now owns 353,268 shares of the company’s stock, valued at $3,331,317.24. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Jack Dorsey sold 168,750 shares of the firm’s stock in a transaction on Tuesday, May 17th. The stock was sold at an average price of $9.12, for a total value of $1,539,000.00. The disclosure for this sale can be found here.

Square, Inc enables payment processing, and also offers financial and marketing services. The Company provides sellers various tools to start, run, manage and grow their businesses. It serves sellers of all sizes, ranging from a single vendor at a farmers’ market to multinational businesses. It serves as a payment service provider, acting as the touch point for the seller to the rest of the payment chain.

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