Square (NYSE:SQ) was downgraded by equities research analysts at Wedbush from a “positive” rating to a “neutral” rating in a research note issued on Thursday. They currently have a $77.00 price target on the technology company’s stock. Wedbush’s price objective points to a potential upside of 5.09% from the stock’s previous close. Wedbush also issued estimates for Square’s Q1 2019 earnings at $0.01 EPS, Q2 2019 earnings at $0.09 EPS, Q3 2019 earnings at $0.06 EPS and Q4 2019 earnings at $0.06 EPS.

SQ has been the subject of a number of other research reports. ValuEngine raised shares of Square from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, October 2nd. Wolfe Research started coverage on shares of Square in a research report on Tuesday, July 17th. They issued a “market perform” rating for the company. Deutsche Bank raised their target price on shares of Square from $57.00 to $78.00 and gave the company a “buy” rating in a research report on Tuesday, July 24th. Stifel Nicolaus raised their target price on shares of Square from $66.00 to $72.00 and gave the company a “buy” rating in a research report on Tuesday, July 31st. Finally, Goldman Sachs Group raised their target price on shares of Square from $77.00 to $108.00 and gave the company a “buy” rating in a research report on Monday, October 8th. Three analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, eighteen have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $78.59.

Shares of NYSE:SQ traded down $1.96 during midday trading on Thursday, reaching $73.27. 17,254,739 shares of the company were exchanged, compared to its average volume of 20,881,962. Square has a fifty-two week low of $34.14 and a fifty-two week high of $101.15. The company has a quick ratio of 2.18, a current ratio of 2.18 and a debt-to-equity ratio of 0.99. The firm has a market cap of $33.94 billion, a price-to-earnings ratio of -732.70 and a beta of 4.30.

Square (NYSE:SQ) last released its earnings results on Wednesday, November 7th. The technology company reported $0.13 earnings per share for the quarter, beating analysts’ consensus estimates of $0.11 by $0.02. The business had revenue of $431.00 million during the quarter, compared to the consensus estimate of $414.19 million. Square had a negative net margin of 0.87% and a negative return on equity of 1.18%. The firm’s revenue for the quarter was up 67.7% compared to the same quarter last year. During the same quarter last year, the firm earned $0.07 earnings per share. Research analysts expect that Square will post -0.04 earnings per share for the current fiscal year.

In other news, CEO Jack Dorsey sold 103,035 shares of the firm’s stock in a transaction dated Wednesday, August 15th. The shares were sold at an average price of $73.93, for a total transaction of $7,617,377.55. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Sivan Whiteley sold 1,875 shares of the firm’s stock in a transaction dated Friday, November 2nd. The stock was sold at an average price of $77.70, for a total transaction of $145,687.50. Following the sale, the insider now owns 121,708 shares of the company’s stock, valued at approximately $9,456,711.60. The disclosure for this sale can be found here. In the last three months, insiders sold 2,300,650 shares of company stock valued at $187,755,700. Insiders own 27.99% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Columbia Asset Management acquired a new stake in shares of Square during the 3rd quarter worth about $114,000. Girard Partners LTD. acquired a new stake in shares of Square during the 3rd quarter worth about $138,000. Harel Insurance Investments & Financial Services Ltd. acquired a new stake in shares of Square during the 3rd quarter worth about $155,000. Centaurus Financial Inc. acquired a new stake in shares of Square during the 2nd quarter worth about $100,000. Finally, Huntington National Bank lifted its stake in shares of Square by 1,725.0% during the 2nd quarter. Huntington National Bank now owns 1,825 shares of the technology company’s stock worth $112,000 after buying an additional 1,725 shares during the last quarter. Institutional investors own 51.25% of the company’s stock.

About Square

Square, Inc provides payment and point-of-sale solutions in the United States and internationally. The company's commerce ecosystem includes point-of-sale software and hardware that enables sellers to turn mobile and computing devices into payment and point-of-sale solutions. It offers hardware products, including Magstripe reader, which enables swiped transactions of magnetic stripe cards; Contactless and chip reader that accepts EMV® chip cards and Near Field Communication payments; Chip card reader, which accepts EMV® chip cards and enables swiped transactions of magnetic stripe cards; Square Stand, which enables an iPad to be used as a payment terminal or full point of sale solution; and Square Register that combines its hardware, point-of-sale software, and payments technology, as well as managed payments solutions.

Further Reading: S&P 500 Index

Analyst Recommendations for Square (NYSE:SQ)

Receive News & Ratings for Square Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Square and related companies with MarketBeat.com's FREE daily email newsletter.