Square Inc. (NYSE:SQ)‘s stock had its “hold” rating reiterated by equities research analysts at Pacific Crest in a research report issued on Thursday.
A number of other equities analysts have also weighed in on the stock. Keefe, Bruyette & Woods began coverage on shares of Square in a research report on Thursday. They issued a “mkt perform” rating for the company. Zacks Investment Research raised shares of Square from a “hold” rating to a “buy” rating and set a $13.00 target price on the stock in a report on Thursday. Vetr downgraded shares of Square from a “strong-buy” rating to a “buy” rating and set a $12.28 target price on the stock. in a report on Monday. Jefferies Group reissued a “buy” rating and issued a $15.00 target price on shares of Square in a report on Wednesday, September 28th. Finally, Mizuho reissued a “top pick” rating and issued a $16.00 target price on shares of Square in a report on Wednesday, September 14th. Fourteen equities research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $12.76.
Shares of Square (NYSE:SQ) traded down 0.5998% during midday trading on Thursday, reaching $11.4509. 1,441,612 shares of the company’s stock were exchanged. The firm has a 50-day moving average of $11.76 and a 200-day moving average of $11.28. The stock’s market capitalization is $3.91 billion. Square has a 12-month low of $8.06 and a 12-month high of $15.91.
Square (NYSE:SQ) last posted its quarterly earnings results on Wednesday, August 3rd. The company reported ($0.08) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.11) by $0.03. The business earned $439 million during the quarter, compared to analyst estimates of $406.93 million. Square had a negative net margin of 14.85% and a negative return on equity of 37.14%. Square’s revenue was up 54.1% on a year-over-year basis. Analysts anticipate that Square will post ($0.60) EPS for the current fiscal year.
In other Square news, CFO Sarah Friar sold 2,690 shares of the stock in a transaction dated Tuesday, July 26th. The shares were sold at an average price of $9.77, for a total transaction of $26,281.30. Following the transaction, the chief financial officer now directly owns 114,402 shares in the company, valued at approximately $1,117,707.54. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Dana Wagner sold 6,953 shares of the stock in a transaction dated Tuesday, July 26th. The stock was sold at an average price of $9.77, for a total transaction of $67,930.81. Following the transaction, the insider now owns 271,315 shares in the company, valued at $2,650,747.55. The disclosure for this sale can be found here. Company insiders own 42.60% of the company’s stock.
A number of hedge funds and other institutional investors have recently modified their holdings of SQ. Cambridge Investment Research Advisors Inc. acquired a new position in shares of Square during the second quarter valued at about $107,000. Ancora Inverness LLC purchased a new stake in Square during the second quarter worth $109,000. Emerald Acquisition Ltd. purchased a new stake in Square during the second quarter worth $115,000. Passport Capital LLC purchased a new stake in Square during the second quarter worth $116,000. Finally, HighTower Advisors LLC purchased a new stake in Square during the second quarter worth $121,000. Institutional investors own 16.89% of the company’s stock.