Vetr upgraded shares of Square (NYSE:SQ) from a hold rating to a buy rating in a research note released on Tuesday morning. The brokerage currently has $56.24 target price on the technology company’s stock.

Several other research analysts have also issued reports on the stock. Goldman Sachs Group upgraded shares of Square to a buy rating in a research report on Thursday, November 16th. Evercore ISI upgraded shares of Square from an in-line rating to an outperform rating and set a $51.00 target price for the company in a research report on Friday, November 17th. Credit Suisse Group reiterated a positive rating and issued a $37.00 target price (up from $31.00) on shares of Square in a research report on Monday, November 20th. Nomura reiterated a buy rating and issued a $64.00 target price (up from $48.00) on shares of Square in a research report on Friday, January 19th. Finally, Zacks Investment Research upgraded shares of Square from a hold rating to a buy rating and set a $49.00 target price for the company in a research report on Monday, February 5th. One equities research analyst has rated the stock with a sell rating, thirteen have issued a hold rating and twenty-five have given a buy rating to the company. The stock presently has an average rating of Buy and an average price target of $42.68.

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Square (NYSE SQ) opened at $51.83 on Tuesday. The firm has a market cap of $20,820.00 and a price-to-earnings ratio of -304.88. Square has a 1-year low of $16.11 and a 1-year high of $53.79. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.83 and a quick ratio of 1.83.

Square (NYSE:SQ) last released its quarterly earnings results on Tuesday, February 27th. The technology company reported $0.08 earnings per share for the quarter, topping the consensus estimate of $0.07 by $0.01. The firm had revenue of $616.04 million for the quarter, compared to analysts’ expectations of $601.63 million. Square had a negative net margin of 2.84% and a negative return on equity of 6.60%. research analysts expect that Square will post 0.02 EPS for the current year.

In other news, Director James Morgan Jr. Mckelvey sold 400,000 shares of the stock in a transaction dated Tuesday, January 16th. The shares were sold at an average price of $39.79, for a total transaction of $15,916,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Ajmere Dale sold 5,272 shares of the stock in a transaction dated Monday, March 5th. The stock was sold at an average price of $49.07, for a total transaction of $258,697.04. Following the sale, the insider now owns 106,533 shares of the company’s stock, valued at $5,227,574.31. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 1,025,177 shares of company stock valued at $43,040,753. 32.68% of the stock is currently owned by company insiders.

Several institutional investors have recently bought and sold shares of the company. Cambridge Investment Research Advisors Inc. boosted its holdings in shares of Square by 96.4% during the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 59,667 shares of the technology company’s stock worth $2,069,000 after purchasing an additional 29,282 shares during the period. Xact Kapitalforvaltning AB purchased a new stake in shares of Square during the fourth quarter worth about $1,310,000. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp purchased a new stake in shares of Square during the fourth quarter worth about $3,535,000. BB&T Securities LLC raised its stake in Square by 16.6% in the fourth quarter. BB&T Securities LLC now owns 10,902 shares of the technology company’s stock worth $377,000 after buying an additional 1,550 shares in the last quarter. Finally, Leonetti & Associates LLC raised its stake in Square by 5.5% in the fourth quarter. Leonetti & Associates LLC now owns 118,075 shares of the technology company’s stock worth $4,094,000 after buying an additional 6,150 shares in the last quarter. Institutional investors own 52.21% of the company’s stock.

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About Square

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.

Analyst Recommendations for Square (NYSE:SQ)

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