Square (NYSE:SQ) PT Raised to $125.00 at KeyCorp

Square (NYSE:SQ) had its price objective hoisted by equities research analysts at KeyCorp from $70.00 to $125.00 in a note issued to investors on Monday, The Fly reports. The firm currently has an “overweight” rating on the technology company’s stock. KeyCorp’s price target indicates a potential upside of 19.12% from the company’s current price.

Several other equities research analysts also recently commented on the stock. BTIG Research reissued a “hold” rating on shares of Square in a research report on Wednesday, May 6th. Compass Point downgraded shares of Square from a “neutral” rating to a “sell” rating and set a $50.00 target price for the company. in a research report on Tuesday, April 28th. Guggenheim downgraded shares of Square from a “buy” rating to a “neutral” rating in a research report on Friday, May 8th. Rosenblatt Securities reduced their price objective on shares of Square from $72.00 to $52.00 and set a “neutral” rating for the company in a research report on Tuesday, March 24th. Finally, Susquehanna Bancshares upped their price objective on shares of Square from $70.00 to $85.00 in a research report on Thursday, May 7th. Five analysts have rated the stock with a sell rating, twenty have issued a hold rating and seventeen have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $72.95.

SQ opened at $104.94 on Monday. Square has a 1-year low of $32.33 and a 1-year high of $107.84. The company has a current ratio of 2.19, a quick ratio of 2.19 and a debt-to-equity ratio of 1.17. The company has a market cap of $45.82 billion, a P/E ratio of 166.57 and a beta of 2.67. The company has a fifty day moving average price of $88.33 and a two-hundred day moving average price of $71.54.

Square (NYSE:SQ) last posted its quarterly earnings results on Wednesday, May 6th. The technology company reported ($0.02) earnings per share for the quarter, missing the consensus estimate of $0.13 by ($0.15). The company had revenue of $1.38 billion during the quarter, compared to the consensus estimate of $1.30 billion. Square had a net margin of 5.99% and a return on equity of 0.44%. The company’s revenue for the quarter was up 44.0% on a year-over-year basis. During the same period last year, the firm posted ($0.06) earnings per share. On average, research analysts forecast that Square will post -0.56 EPS for the current fiscal year.

In other news, CAO Ajmere Dale sold 2,000 shares of the stock in a transaction on Friday, June 19th. The shares were sold at an average price of $100.00, for a total value of $200,000.00. Following the transaction, the chief accounting officer now owns 49,315 shares of the company’s stock, valued at approximately $4,931,500. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Sivan Whiteley sold 1,945 shares of the stock in a transaction on Tuesday, April 7th. The stock was sold at an average price of $54.78, for a total transaction of $106,547.10. Following the completion of the transaction, the insider now directly owns 107,975 shares in the company, valued at approximately $5,914,870.50. The disclosure for this sale can be found here. Insiders have sold a total of 81,811 shares of company stock worth $5,254,719 in the last ninety days. 19.90% of the stock is currently owned by insiders.

Several large investors have recently modified their holdings of the company. MML Investors Services LLC grew its holdings in shares of Square by 1.4% during the 1st quarter. MML Investors Services LLC now owns 13,938 shares of the technology company’s stock valued at $730,000 after purchasing an additional 192 shares during the last quarter. Hudock Inc. grew its holdings in shares of Square by 15.2% during the 1st quarter. Hudock Inc. now owns 1,520 shares of the technology company’s stock valued at $79,000 after purchasing an additional 200 shares during the last quarter. Certified Advisory Corp grew its holdings in shares of Square by 52.4% during the 1st quarter. Certified Advisory Corp now owns 582 shares of the technology company’s stock valued at $30,000 after purchasing an additional 200 shares during the last quarter. McGowan Group Asset Management Inc. grew its holdings in shares of Square by 5.1% during the 1st quarter. McGowan Group Asset Management Inc. now owns 4,751 shares of the technology company’s stock valued at $249,000 after purchasing an additional 230 shares during the last quarter. Finally, Ellevest Inc. grew its holdings in shares of Square by 39.8% during the 1st quarter. Ellevest Inc. now owns 888 shares of the technology company’s stock valued at $47,000 after purchasing an additional 253 shares during the last quarter. 62.71% of the stock is currently owned by hedge funds and other institutional investors.

Square Company Profile

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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