Square (SQ) PT Raised to $43.00

Square (NYSE:SQ) had its target price hoisted by investment analysts at Deutsche Bank from $37.00 to $43.00 in a report released on Thursday. The brokerage currently has a “buy” rating on the technology company’s stock. Deutsche Bank’s target price indicates a potential downside of 1.35% from the company’s previous close.

A number of other research analysts have also weighed in on the stock. Guggenheim raised shares of Square from a “neutral” rating to a “buy” rating and set a $44.00 target price for the company in a research report on Thursday, November 9th. Nomura boosted their target price on shares of Square from $33.00 to $45.00 and gave the stock a “buy” rating in a research report on Tuesday, October 31st. Citigroup boosted their target price on shares of Square from $30.00 to $38.00 and gave the stock a “buy” rating in a research report on Wednesday, October 18th. Jefferies Group boosted their target price on shares of Square from $38.00 to $44.00 and gave the stock a “buy” rating in a research report on Monday, November 13th. Finally, Vetr lowered shares of Square from a “strong-buy” rating to a “buy” rating and set a $43.40 target price for the company. in a research report on Monday, November 13th. One investment analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and twenty-five have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $37.13.

Square (NYSE:SQ) traded up $1.74 during mid-day trading on Thursday, hitting $43.59. 5,619,662 shares of the company traded hands, compared to its average volume of 15,405,417. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.81 and a current ratio of 1.81. Square has a 1-year low of $13.84 and a 1-year high of $49.56. The firm has a market cap of $16,260.00 and a price-to-earnings ratio of -257.47.

In other Square news, insider Ajmere Dale sold 2,814 shares of the company’s stock in a transaction dated Monday, December 4th. The shares were sold at an average price of $37.23, for a total transaction of $104,765.22. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Sarah Friar sold 38,400 shares of the company’s stock in a transaction dated Friday, January 19th. The stock was sold at an average price of $41.46, for a total transaction of $1,592,064.00. Following the sale, the chief financial officer now directly owns 349,123 shares in the company, valued at $14,474,639.58. The disclosure for this sale can be found here. In the last three months, insiders sold 1,228,341 shares of company stock worth $47,941,857. 32.68% of the stock is currently owned by insiders.

Institutional investors have recently modified their holdings of the business. Atlantic Trust Group LLC bought a new stake in Square during the third quarter worth about $1,143,000. Schwab Charles Investment Management Inc. grew its stake in Square by 1,407.6% during the third quarter. Schwab Charles Investment Management Inc. now owns 696,007 shares of the technology company’s stock worth $20,052,000 after buying an additional 649,841 shares during the last quarter. California Public Employees Retirement System grew its stake in Square by 4.1% during the third quarter. California Public Employees Retirement System now owns 368,151 shares of the technology company’s stock worth $10,606,000 after buying an additional 14,451 shares during the last quarter. Kessler Investment Group LLC grew its stake in Square by 133.1% during the fourth quarter. Kessler Investment Group LLC now owns 11,725 shares of the technology company’s stock worth $407,000 after buying an additional 6,695 shares during the last quarter. Finally, Nomura Asset Management Co. Ltd. bought a new stake in Square during the third quarter worth about $36,574,000. 53.77% of the stock is currently owned by hedge funds and other institutional investors.

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Square Company Profile

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.

Analyst Recommendations for Square (NYSE:SQ)

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