Square Inc (SQ) Given New $21.00 Price Target at Deutsche Bank AG

Square Inc (NYSE:SQ) had its price target increased by Deutsche Bank AG from $19.00 to $21.00 in a research report report published on Monday. Deutsche Bank AG currently has a buy rating on the technology company’s stock.

A number of other equities research analysts have also recently commented on the stock. BTIG Research reaffirmed a neutral rating and issued a $20.00 price target (down previously from $21.00) on shares of Square in a report on Monday. Vetr raised shares of Square from a buy rating to a strong-buy rating and set a $22.17 price target on the stock in a report on Thursday, May 11th. Stephens lifted their price target on shares of Square from $20.00 to $22.00 and gave the stock an overweight rating in a report on Friday, May 5th. Canaccord Genuity lifted their price target on shares of Square from $16.00 to $18.00 and gave the stock a hold rating in a report on Thursday, May 4th. Finally, Needham & Company LLC reaffirmed a buy rating and issued a $23.00 price target (up previously from $20.00) on shares of Square in a report on Thursday, May 4th. One analyst has rated the stock with a sell rating, eleven have given a hold rating, nineteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company currently has an average rating of Buy and an average price target of $18.29.

Shares of Square (NYSE:SQ) traded up 0.889% during trading on Monday, hitting $19.855. The stock had a trading volume of 1,663,739 shares. Square has a 52 week low of $8.42 and a 52 week high of $20.69. The company’s market capitalization is $7.43 billion. The company’s 50 day moving average price is $18.25 and its 200 day moving average price is $15.45.

Square (NYSE:SQ) last posted its quarterly earnings results on Wednesday, May 3rd. The technology company reported ($0.03) EPS for the quarter, topping analysts’ consensus estimates of ($0.08) by $0.05. The company had revenue of $461.55 million for the quarter, compared to analysts’ expectations of $450.66 million. Square had a negative net margin of 12.55% and a negative return on equity of 31.99%. Analysts predict that Square will post ($0.19) earnings per share for the current year.

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In other news, CEO Jack Dorsey sold 381,500 shares of the company’s stock in a transaction on Tuesday, May 16th. The shares were sold at an average price of $20.42, for a total value of $7,790,230.00. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO Sarah Friar sold 2,696 shares of the company’s stock in a transaction on Wednesday, April 26th. The stock was sold at an average price of $18.23, for a total transaction of $49,148.08. Following the completion of the transaction, the chief financial officer now directly owns 373,220 shares in the company, valued at approximately $6,803,800.60. The disclosure for this sale can be found here. In the last ninety days, insiders sold 3,183,338 shares of company stock worth $56,299,960. Insiders own 42.60% of the company’s stock.

A number of hedge funds and other institutional investors have recently made changes to their positions in SQ. Cambridge Investment Research Advisors Inc. raised its position in shares of Square by 0.3% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 10,150 shares of the technology company’s stock valued at $175,000 after buying an additional 30 shares during the period. Stifel Financial Corp raised its position in shares of Square by 1.8% in the first quarter. Stifel Financial Corp now owns 26,635 shares of the technology company’s stock valued at $461,000 after buying an additional 473 shares during the period. First Mercantile Trust Co. raised its position in shares of Square by 2.2% in the first quarter. First Mercantile Trust Co. now owns 31,641 shares of the technology company’s stock valued at $547,000 after buying an additional 690 shares during the period. Guggenheim Capital LLC raised its position in shares of Square by 4.0% in the fourth quarter. Guggenheim Capital LLC now owns 18,680 shares of the technology company’s stock valued at $255,000 after buying an additional 727 shares during the period. Finally, State Board of Administration of Florida Retirement System raised its position in shares of Square by 5.7% in the fourth quarter. State Board of Administration of Florida Retirement System now owns 19,810 shares of the technology company’s stock valued at $270,000 after buying an additional 1,070 shares during the period. Institutional investors own 24.28% of the company’s stock.

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.

5 Day Chart for NYSE:SQ

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