Square (NYSE:SQ) was downgraded by research analysts at Vetr from a “buy” rating to a “hold” rating in a research note issued to investors on Monday. They presently have a $54.08 price objective on the technology company’s stock. Vetr‘s price objective indicates a potential upside of 4.34% from the stock’s current price.
Several other equities analysts also recently issued reports on SQ. Jefferies Group lifted their price objective on Square from $38.00 to $44.00 and gave the company a “buy” rating in a research report on Monday, November 13th. Zacks Investment Research downgraded Square from a “buy” rating to a “hold” rating in a research report on Tuesday, November 14th. Goldman Sachs Group upgraded Square to a “buy” rating in a research report on Thursday, November 16th. Nomura boosted their target price on Square from $45.00 to $48.00 and gave the stock a “buy” rating in a research report on Thursday, November 16th. Finally, Evercore ISI upgraded Square from an “in-line” rating to an “outperform” rating and set a $51.00 target price for the company in a research report on Friday, November 17th. One research 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 has a consensus rating of “Buy” and an average target price of $42.68.
Square (NYSE SQ) opened at $51.83 on Monday. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.83 and a quick ratio of 1.83. Square has a 52-week low of $16.11 and a 52-week high of $53.79. The stock has a market capitalization of $20,820.00 and a price-to-earnings ratio of -304.88.
In other Square news, insider Jacqueline D. Reses sold 15,000 shares of the business’s stock in a transaction dated Thursday, March 1st. The stock was sold at an average price of $45.18, for a total value of $677,700.00. Following the completion of the transaction, the insider now directly owns 599,961 shares of the company’s stock, valued at $27,106,237.98. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Ajmere Dale sold 1,451 shares of the business’s stock in a transaction dated Friday, January 5th. The shares were sold at an average price of $40.00, for a total value of $58,040.00. Following the completion of the transaction, the insider now directly owns 109,586 shares of the company’s stock, valued at $4,383,440. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 1,025,177 shares of company stock valued at $43,040,753. 32.68% of the stock is owned by insiders.
A number of large investors have recently bought and sold shares of SQ. Allianz Asset Management GmbH grew its stake in Square by 31.0% in the third quarter. Allianz Asset Management GmbH now owns 13,302,170 shares of the technology company’s stock valued at $383,235,000 after acquiring an additional 3,147,558 shares during the period. Jennison Associates LLC acquired a new position in Square in the fourth quarter valued at about $86,426,000. BlackRock Inc. grew its stake in Square by 18.4% in the fourth quarter. BlackRock Inc. now owns 13,005,859 shares of the technology company’s stock valued at $450,913,000 after acquiring an additional 2,024,019 shares during the period. UBS Asset Management Americas Inc. grew its stake in Square by 458.6% in the fourth quarter. UBS Asset Management Americas Inc. now owns 1,962,828 shares of the technology company’s stock valued at $68,051,000 after acquiring an additional 1,611,446 shares during the period. Finally, Whale Rock Capital Management LLC acquired a new position in Square in the third quarter valued at about $44,337,000. 52.21% of the stock is 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.
To view Vetr’s full report, visit Vetr’s official website.
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