Square, Inc. (NYSE:SQ) has received an average recommendation of “Buy” from the thirty-six brokerages that are currently covering the stock, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, twelve have given a hold recommendation and twenty-two have given a buy recommendation to the company. The average 1-year price target among brokerages that have covered the stock in the last year is $87.41.

A number of research analysts have issued reports on SQ shares. SunTrust Banks upped their target price on shares of Square to $74.00 and gave the company a “buy” rating in a report on Wednesday, October 17th. They noted that the move was a valuation call. Canaccord Genuity upgraded shares of Square from a “hold” rating to a “buy” rating and upped their target price for the company from $60.00 to $90.00 in a report on Friday, October 12th. Goldman Sachs Group upped their target price on shares of Square from $77.00 to $108.00 and gave the company a “buy” rating in a report on Monday, October 8th. Stifel Nicolaus restated a “buy” rating and issued a $100.00 target price (up from $76.00) on shares of Square in a report on Wednesday, September 19th. Finally, Deutsche Bank upped their target price on shares of Square from $78.00 to $98.00 and gave the company a “buy” rating in a report on Friday, September 14th.

In other Square news, insider Jacqueline D. Reses sold 15,000 shares of the stock in a transaction that occurred on Wednesday, January 2nd. The shares were sold at an average price of $56.68, for a total value of $850,200.00. Following the completion of the sale, the insider now owns 423,153 shares of the company’s stock, valued at $23,984,312.04. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Jack Dorsey sold 103,035 shares of the stock in a transaction that occurred on Wednesday, January 2nd. The shares were sold at an average price of $53.89, for a total transaction of $5,552,556.15. The disclosure for this sale can be found here. In the last three months, insiders have sold 2,517,062 shares of company stock valued at $170,053,561. Corporate insiders own 27.99% of the company’s stock.

A number of large investors have recently modified their holdings of the business. CIBC Asset Management Inc grew its position in Square by 5.3% in the third quarter. CIBC Asset Management Inc now owns 14,784 shares of the technology company’s stock valued at $1,464,000 after acquiring an additional 738 shares in the last quarter. Oregon Public Employees Retirement Fund grew its position in Square by 1.0% in the third quarter. Oregon Public Employees Retirement Fund now owns 75,472 shares of the technology company’s stock valued at $7,472,000 after acquiring an additional 754 shares in the last quarter. Alpha Cubed Investments LLC grew its position in Square by 23.1% in the third quarter. Alpha Cubed Investments LLC now owns 4,208 shares of the technology company’s stock valued at $312,000 after acquiring an additional 791 shares in the last quarter. IFP Advisors Inc grew its position in Square by 5.7% in the third quarter. IFP Advisors Inc now owns 15,264 shares of the technology company’s stock valued at $1,511,000 after acquiring an additional 818 shares in the last quarter. Finally, National Pension Service grew its position in Square by 0.3% in the third quarter. National Pension Service now owns 311,423 shares of the technology company’s stock valued at $30,834,000 after acquiring an additional 836 shares in the last quarter. 47.96% of the stock is owned by institutional investors.

Shares of Square stock traded up $0.35 on Tuesday, hitting $66.45. The company’s stock had a trading volume of 432,799 shares, compared to its average volume of 16,421,403. Square has a 52-week low of $36.76 and a 52-week high of $101.15. The company has a quick ratio of 1.54, a current ratio of 1.54 and a debt-to-equity ratio of 0.80. The firm has a market capitalization of $27.26 billion, a PE ratio of -665.30, a P/E/G ratio of 32.29 and a beta of 3.79.

Square (NYSE:SQ) last released its quarterly earnings data on Wednesday, November 7th. The technology company reported $0.13 EPS for the quarter, topping the consensus estimate of $0.11 by $0.02. Square had a negative net margin of 0.87% and a negative return on equity of 1.11%. The business had revenue of $431.00 million for the quarter, compared to analyst estimates of $414.19 million. During the same period in the previous year, the firm earned $0.07 EPS. The business’s revenue for the quarter was up 67.7% compared to the same quarter last year. On average, research analysts expect that Square will post -0.02 EPS for the current fiscal year.

Square Company Profile

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.

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Analyst Recommendations for Square (NYSE:SQ)

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