Recent Research Analysts’ Ratings Updates for Square (SQ)


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Square (NYSE: SQ) has recently received a number of price target changes and ratings updates:

  • 4/7/2021 – Square had its price target raised by analysts at Barclays PLC from $320.00 to $330.00. They now have an “overweight” rating on the stock.
  • 4/7/2021 – Square is now covered by analysts at Oddo Bhf. They set a “neutral” rating on the stock.
  • 3/31/2021 – Square was upgraded by analysts at Keefe, Bruyette & Woods from a “market perform” rating to an “outperform” rating. They now have a $250.00 price target on the stock.
  • 3/18/2021 – Square is now covered by analysts at Redburn Partners. They set a “sell” rating on the stock.
  • 3/12/2021 – Square is now covered by analysts at Redburn Partners. They set a “sell” rating on the stock.
  • 3/3/2021 – Square had its price target raised by analysts at Morgan Stanley from $203.00 to $245.00. They now have an “equal weight” rating on the stock.
  • 3/3/2021 – Square was upgraded by analysts at Guggenheim from a “neutral” rating to a “buy” rating. They now have a $288.00 price target on the stock.
  • 3/2/2021 – Square had its price target raised by analysts at Credit Suisse Group AG from $210.00 to $270.00. They now have an “outperform” rating on the stock.
  • 3/2/2021 – Square had its price target raised by analysts at Royal Bank of Canada from $257.00 to $305.00. They now have an “outperform” rating on the stock.
  • 3/2/2021 – Square had its price target raised by analysts at Piper Sandler from $190.00 to $250.00. They now have a “neutral” rating on the stock.
  • 3/2/2021 – Square had its price target raised by analysts at The Goldman Sachs Group, Inc. from $216.00 to $246.00. They now have a “neutral” rating on the stock.
  • 3/2/2021 – Square had its price target raised by analysts at Needham & Company LLC from $250.00 to $300.00. They now have a “buy” rating on the stock.
  • 3/2/2021 – Square had its price target raised by analysts at Rosenblatt Securities from $300.00 to $310.00. They now have a “buy” rating on the stock.
  • 3/2/2021 – Square had its price target raised by analysts at Canaccord Genuity from $200.00 to $280.00. They now have a “buy” rating on the stock.
  • 3/1/2021 – Square had its price target raised by analysts at Barclays PLC from $260.00 to $320.00. They now have an “overweight” rating on the stock.
  • 3/1/2021 – Square had its price target raised by analysts at Mizuho from $300.00 to $380.00. They now have a “buy” rating on the stock.
  • 2/25/2021 – Square had its price target raised by analysts at BMO Capital Markets from $229.00 to $237.00. They now have a “market perform” rating on the stock.
  • 2/25/2021 – Square had its price target raised by analysts at Morgan Stanley from $203.00 to $245.00. They now have an “equal weight” rating on the stock.
  • 2/25/2021 – Square was upgraded by analysts at Guggenheim from a “neutral” rating to a “buy” rating. They now have a $288.00 price target on the stock.
  • 2/24/2021 – Square had its price target raised by analysts at Credit Suisse Group AG from $210.00 to $270.00. They now have an “outperform” rating on the stock.
  • 2/24/2021 – Square had its price target raised by analysts at Royal Bank of Canada from $257.00 to $305.00. They now have an “outperform” rating on the stock.
  • 2/24/2021 – Square had its price target raised by analysts at The Goldman Sachs Group, Inc. from $216.00 to $246.00. They now have a “neutral” rating on the stock.
  • 2/24/2021 – Square had its price target raised by analysts at Piper Sandler from $190.00 to $250.00. They now have a “neutral” rating on the stock. They noted that the move was a valuation call. They noted that the move was a valuation call.
  • 2/24/2021 – Square was downgraded by analysts at Wells Fargo & Company from an “overweight” rating to an “equal weight” rating. They now have a $255.00 price target on the stock. They noted that the move was a valuation call. They noted that the move was a valuation call.
  • 2/24/2021 – Square had its price target raised by analysts at Canaccord Genuity from $200.00 to $280.00. They now have a “buy” rating on the stock.
  • 2/24/2021 – Square had its price target raised by analysts at Needham & Company LLC from $250.00 to $300.00. They now have a “buy” rating on the stock.
  • 2/24/2021 – Square had its “buy” rating reaffirmed by analysts at Rosenblatt Securities. They now have a $310.00 price target on the stock, up previously from $300.00.
  • 2/24/2021 – Square had its price target raised by analysts at Truist from $300.00 to $325.00.
  • 2/22/2021 – Square had its price target raised by analysts at Barclays PLC from $260.00 to $320.00. They now have an “overweight” rating on the stock.
  • 2/22/2021 – Square had its “buy” rating reaffirmed by analysts at Mizuho. They now have a $380.00 price target on the stock, up previously from $300.00.
  • 2/17/2021 – Square had its price target raised by analysts at Deutsche Bank Aktiengesellschaft from $255.00 to $330.00. They now have a “buy” rating on the stock.

Shares of NYSE:SQ opened at $252.49 on Thursday. The business has a 50-day moving average price of $234.54 and a 200 day moving average price of $212.08. The company has a current ratio of 1.70, a quick ratio of 1.70 and a debt-to-equity ratio of 0.85. The company has a market capitalization of $114.79 billion, a price-to-earnings ratio of 400.78, a PEG ratio of 29.50 and a beta of 2.71. Square, Inc. has a 12-month low of $51.81 and a 12-month high of $283.19.

Square (NYSE:SQ) last issued its quarterly earnings data on Tuesday, February 23rd. The technology company reported $0.32 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.24 by $0.08. The firm had revenue of $3.03 billion during the quarter, compared to the consensus estimate of $3.11 billion. Square had a negative return on equity of 0.01% and a net margin of 4.05%. The company’s quarterly revenue was up 139.6% on a year-over-year basis. During the same period last year, the company earned $0.23 EPS. As a group, equities research analysts predict that Square, Inc. will post -0.03 earnings per share for the current fiscal year.

In related news, CFO Amrita Ahuja sold 14,073 shares of the business’s stock in a transaction that occurred on Thursday, February 11th. The stock was sold at an average price of $264.55, for a total transaction of $3,723,012.15. Following the completion of the sale, the chief financial officer now owns 161,077 shares in the company, valued at $42,612,920.35. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Jack Dorsey sold 100,000 shares of the business’s stock in a transaction that occurred on Monday, January 11th. The stock was sold at an average price of $229.87, for a total value of $22,987,000.00. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 1,253,392 shares of company stock valued at $288,582,891. 21.79% of the stock is currently owned by corporate insiders.

Several large investors have recently added to or reduced their stakes in the company. Jennison Associates LLC grew its holdings in Square by 33,045.6% during the fourth quarter. Jennison Associates LLC now owns 8,594,646 shares of the technology company’s stock worth $1,870,539,000 after acquiring an additional 8,568,716 shares during the period. Norges Bank purchased a new position in Square during the fourth quarter worth about $597,618,000. Sands Capital Management LLC lifted its position in Square by 30.6% during the third quarter. Sands Capital Management LLC now owns 8,785,371 shares of the technology company’s stock worth $1,428,062,000 after buying an additional 2,057,920 shares during the period. Winslow Capital Management LLC lifted its position in Square by 231.5% during the fourth quarter. Winslow Capital Management LLC now owns 1,646,297 shares of the technology company’s stock worth $358,300,000 after buying an additional 1,149,672 shares during the period. Finally, Steadview Capital Management LLC purchased a new position in Square during the fourth quarter worth about $99,909,000. 64.01% of the stock is currently owned by institutional investors and hedge funds.

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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