Square (SQ) Lifted to Buy at Vetr
Vetr upgraded shares of Square (NYSE:SQ) from a hold rating to a buy rating in a research report report published on Monday morning. They currently have $48.00 price target on the technology company’s stock.
SQ has been the subject of several other reports. Morgan Stanley boosted their target price on Square from $26.00 to $40.00 and gave the stock a hold rating in a research report on Tuesday, December 19th. They noted that the move was a valuation call. Citigroup boosted their target price on Square from $30.00 to $38.00 and gave the stock a buy rating in a research report on Wednesday, October 18th. Goldman Sachs Group upgraded Square to a buy rating in a research report on Thursday, November 16th. Oppenheimer initiated coverage on Square in a research report on Thursday, October 12th. They set an outperform rating and a $35.00 target price for the company. Finally, Bank of America boosted their target price on Square from $29.00 to $31.00 and gave the stock a neutral rating in a research report on Monday, October 9th. One analyst has rated the stock with a sell rating, thirteen have issued a hold rating and twenty-five have assigned a buy rating to the company’s stock. The company has an average rating of Buy and a consensus target price of $36.96.
Square (SQ) opened at $39.50 on Monday. The stock has a market capitalization of $15,350.00 and a PE ratio of -232.35. Square has a 12-month low of $13.84 and a 12-month high of $49.56. The company has a current ratio of 1.81, a quick ratio of 1.81 and a debt-to-equity ratio of 0.48.
In other news, insider Ajmere Dale sold 1,451 shares of the company’s stock in a transaction that occurred on Friday, January 5th. The stock was sold at an average price of $40.00, for a total transaction of $58,040.00. Following the sale, the insider now owns 109,586 shares in the company, valued at approximately $4,383,440. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Sarah Friar sold 38,400 shares of the company’s stock in a transaction that occurred on Wednesday, November 22nd. The stock was sold at an average price of $47.24, for a total value of $1,814,016.00. Following the sale, the chief financial officer now owns 355,566 shares in the company, valued at approximately $16,796,937.84. The disclosure for this sale can be found here. In the last quarter, insiders have sold 1,648,627 shares of company stock worth $64,395,445. Company insiders own 32.68% of the company’s stock.
Several institutional investors have recently made changes to their positions in the company. State of Wisconsin Investment Board raised its stake in shares of Square by 563.2% during the 4th quarter. State of Wisconsin Investment Board now owns 328,661 shares of the technology company’s stock worth $11,395,000 after purchasing an additional 279,107 shares in the last quarter. Global X Management Co. LLC raised its stake in shares of Square by 167.5% during the 4th quarter. Global X Management Co. LLC now owns 103,660 shares of the technology company’s stock worth $3,594,000 after purchasing an additional 64,912 shares in the last quarter. Toronto Dominion Bank bought a new stake in shares of Square during the 4th quarter worth approximately $514,000. The Manufacturers Life Insurance Company raised its stake in shares of Square by 288.6% during the 4th quarter. The Manufacturers Life Insurance Company now owns 45,432 shares of the technology company’s stock worth $1,576,000 after purchasing an additional 33,741 shares in the last quarter. Finally, Cetera Advisor Networks LLC bought a new stake in shares of Square during the 4th quarter worth approximately $304,000. Institutional investors own 54.66% of the company’s stock.
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Square, Inc (Square) is a commerce ecosystem. The Company enables its sellers start, run and grow their businesses. It combines software with hardware to enable sellers to turn mobile devices and computing devices into payments and point-of-sale solutions. Once a seller downloads the Square Point of Sale mobile application, they can take their first payment.
To view Vetr’s full report, visit Vetr’s official website.
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