Stifel Nicolaus restated their buy rating on shares of Square, Inc. (NYSE:SQ) in a research note published on Sunday, July 30th, Marketbeat reports. They currently have a $29.00 target price on the technology company’s stock, up from their previous target price of $23.00.
SQ has been the topic of several other research reports. BTIG Research reissued a buy rating and set a $20.00 target price on shares of Square in a research note on Friday, May 5th. Vetr cut shares of Square from a strong-buy rating to a buy rating and set a $19.66 price objective on the stock. in a research note on Thursday, April 20th. Mizuho began coverage on shares of Square in a research note on Wednesday, June 28th. They issued a buy rating and a $28.00 price objective on the stock. Jefferies Group LLC reaffirmed a buy rating and issued a $28.00 price objective on shares of Square in a research note on Thursday, July 6th. Finally, Piper Jaffray Companies reiterated a hold rating and issued a $24.00 target price on shares of Square in a report on Wednesday, July 26th. Eleven research analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has an average rating of Buy and a consensus price target of $24.61.
Square (NYSE:SQ) traded up 1.18% during mid-day trading on Friday, reaching $24.83. 5,325,691 shares of the company were exchanged. Square has a 12 month low of $10.88 and a 12 month high of $27.97. The stock’s market capitalization is $9.53 billion. The company’s 50 day moving average price is $25.47 and its 200-day moving average price is $20.44.
TRADEMARK VIOLATION NOTICE: This news story was originally published by Community Financial News and is the sole property of of Community Financial News. If you are reading this news story on another site, it was illegally stolen and reposted in violation of U.S. and international trademark & copyright legislation. The legal version of this news story can be accessed at https://www.com-unik.info/2017/08/19/square-inc-sq-stock-rating-reaffirmed-by-stifel-nicolaus-updated-updated.html.
In other news, CFO Sarah Friar sold 38,400 shares of the business’s stock in a transaction on Thursday, May 25th. The shares were sold at an average price of $22.09, for a total value of $848,256.00. Following the sale, the chief financial officer now owns 375,023 shares in the company, valued at approximately $8,284,258.07. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director James Morgan Jr. Mckelvey sold 90,000 shares of the company’s stock in a transaction dated Monday, June 5th. The stock was sold at an average price of $23.36, for a total transaction of $2,102,400.00. Following the transaction, the director now owns 186,308 shares in the company, valued at approximately $4,352,154.88. The disclosure for this sale can be found here. Insiders have sold 933,400 shares of company stock worth $22,420,380 in the last quarter. Corporate insiders own 32.68% of the company’s stock.
A number of hedge funds have recently made changes to their positions in SQ. Pacer Advisors Inc. boosted its stake in shares of Square by 22.7% in the first quarter. Pacer Advisors Inc. now owns 5,883 shares of the technology company’s stock valued at $102,000 after buying an additional 1,090 shares in the last quarter. Glassman Wealth Services boosted its stake in shares of Square by 1,987.3% in the first quarter. Glassman Wealth Services now owns 6,575 shares of the technology company’s stock worth $114,000 after buying an additional 6,260 shares during the period. Almanack Investment Partners LLC. bought a new stake in shares of Square during the second quarter worth approximately $117,000. Old Mutual Global Investors UK Ltd. bought a new stake in shares of Square during the first quarter worth approximately $131,000. Finally, Concert Wealth Management Inc. bought a new stake in shares of Square during the first quarter worth approximately $144,000. 68.74% of the stock is owned by hedge funds and other institutional investors.
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.
What are top analysts saying about Square Inc.? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Square Inc. and related companies.