Today, Square Inc. (SQ) Raised to Buy at Vetr Inc.

Today, Square Inc. (SQ) Raised to Buy at Vetr Inc.

Square Inc. (NYSE:SQ) was upgraded by analysts at Vetr from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Monday. The firm currently has a $13.58 price target on the stock. Vetr‘s price objective would suggest a potential upside of 6.51% from the company’s current price.

Other analysts have also recently issued reports about the stock. RBC Capital Markets restated a “buy” rating on shares of Square in a research note on Friday, August 5th. Goldman Sachs Group Inc. restated a “buy” rating and set a $15.00 price objective on shares of Square in a research note on Thursday, August 4th. Mizuho restated a “buy” rating and set a $16.00 price objective on shares of Square in a research note on Thursday, August 4th. Compass Point lifted their price objective on shares of Square from $13.00 to $14.00 and gave the company a “buy” rating in a research note on Thursday, August 4th. Finally, BTIG Research restated a “buy” rating and set a $12.00 price objective on shares of Square in a research note on Thursday, August 4th. Fourteen research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. Square has an average rating of “Buy” and an average price target of $13.06.

Square (NYSE:SQ) traded down 1.73% during trading on Monday, reaching $12.53. 4,204,934 shares of the company traded hands. The firm has a 50-day moving average price of $11.68 and a 200-day moving average price of $10.71. The company’s market capitalization is $4.41 billion. Square has a 52 week low of $8.06 and a 52 week high of $15.91.

Square (NYSE:SQ) last announced its quarterly earnings data on Tuesday, November 1st. The company reported ($0.09) EPS for the quarter, beating the consensus estimate of ($0.11) by $0.02. Square had a negative net margin of 12.55% and a negative return on equity of 31.99%. The business earned $439 million during the quarter, compared to analysts’ expectations of $374.36 million. The firm’s revenue was up 50.9% on a year-over-year basis. Analysts forecast that Square will post ($0.55) earnings per share for the current fiscal year.

In other Square news, Director James Morgan Jr. Mckelvey sold 400,000 shares of the company’s stock in a transaction dated Monday, November 7th. The shares were sold at an average price of $12.27, for a total value of $4,908,000.00. Following the transaction, the director now owns 494,997 shares of the company’s stock, valued at $6,073,613.19. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Francoise Brougher sold 57,692 shares of the company’s stock in a transaction dated Wednesday, September 28th. The shares were sold at an average price of $12.00, for a total transaction of $692,304.00. Following the completion of the transaction, the insider now directly owns 164,977 shares in the company, valued at approximately $1,979,724. The disclosure for this sale can be found here. 42.60% of the stock is currently owned by company insiders.

Hedge funds have recently modified their holdings of the company. TIAA CREF Investment Management LLC boosted its stake in shares of Square by 110.0% in the first quarter. TIAA CREF Investment Management LLC now owns 177,978 shares of the company’s stock valued at $2,720,000 after buying an additional 93,239 shares in the last quarter. Jacobs Levy Equity Management Inc. acquired a new stake in shares of Square during the first quarter valued at about $704,000. Creative Planning boosted its stake in shares of Square by 76.2% in the second quarter. Creative Planning now owns 14,719 shares of the company’s stock valued at $133,000 after buying an additional 6,365 shares in the last quarter. Bollard Group LLC acquired a new stake in shares of Square during the second quarter valued at about $1,810,000. Finally, Westwood Management Corp IL acquired a new stake in shares of Square during the second quarter valued at about $362,000. 26.73% of the stock is currently owned by institutional investors and hedge funds.

Square Company Profile

Square, Inc enables payment processing, and also offers financial and marketing services. The Company provides sellers various tools to start, run, manage and grow their businesses. It serves sellers of all sizes, ranging from a single vendor at a farmers’ market to multinational businesses. It serves as a payment service provider, acting as the touch point for the seller to the rest of the payment chain.

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