Recent Analysts’ Ratings Updates for Square (SQ)

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Several brokerages have updated their recommendations and price targets on shares of Square (NYSE: SQ) in the last few weeks:

9/14/2016 – Square had its “top pick” rating reaffirmed by analysts at Mizuho. They now have a $16.00 price target on the stock.
9/6/2016 – Square was upgraded by analysts at Vetr from a “buy” rating to a “strong-buy” rating. They now have a $13.47 price target on the stock.
8/31/2016 – Square was downgraded by analysts at Vetr from a “strong-buy” rating to a “buy” rating. They now have a $13.56 price target on the stock.
8/29/2016 – Square was downgraded by analysts at BTIG Research from a “buy” rating to a “neutral” rating. They now have a $12.00 price target on the stock, down previously from $15.91.
8/22/2016 – Square was upgraded by analysts at Stifel Nicolaus from a “hold” rating to a “buy” rating. They now have a $15.00 price target on the stock, up previously from $8.06.
8/22/2016 – Square was upgraded by analysts at Vetr from a “hold” rating to a “strong-buy” rating. They now have a $13.87 price target on the stock.
8/16/2016 – Square was upgraded by analysts at Vetr from a “sell” rating to a “hold” rating. They now have a $11.50 price target on the stock.
8/15/2016 – Square was downgraded by analysts at Vetr from a “hold” rating to a “sell” rating. They now have a $10.86 price target on the stock.
8/8/2016 – Square was upgraded by analysts at Vetr from a “strong sell” rating to a “sell” rating. They now have a $10.61 price target on the stock.
8/5/2016 – Square had its “buy” rating reaffirmed by analysts at RBC Capital Markets. They wrote, “2U reported a good second quarter with above-consensus results and higher 2016 guidance. The results support our long-term thesis that 2U has created a highly unique and defensible business that’s scaling into an open-ended growth opportunity. On balance, profit margins exhibit good improvements y/y, but the magnitude of improvements is starting to moderate. Additionally, no new programs were announced though pipeline commentary is bullish. Bottom Line: We believe 2U’s School-as- a-Service story is on a strong trajectory, and that its bundled services (marketing/ recruiting, content development, technology infrastructure management, etc.) and referenceability make it very attractive to universities while its long Tier 1 revenue growth visibility (30%+) mitigates execution risk. Last, an approaching EBITDA inflection/sizable step-up in 2017 and 2018 could entice new investors and/or lead to multiples expansion.””
8/5/2016 – Square had its “neutral” rating reaffirmed by analysts at Piper Jaffray Cos.. They now have a $11.50 price target on the stock, up previously from $10.00.
8/4/2016 – Square had its price target raised by analysts at Compass Point from $13.00 to $14.00. They now have a “buy” rating on the stock.
8/4/2016 – Square had its “overweight” rating reaffirmed by analysts at Barclays PLC. They now have a $15.00 price target on the stock.
8/4/2016 – Square had its “buy” rating reaffirmed by analysts at BTIG Research. They now have a $12.00 price target on the stock.
8/4/2016 – Square had its price target raised by analysts at Canaccord Genuity from $13.00 to $14.00. They now have a “hold” rating on the stock.
8/4/2016 – Square had its price target raised by analysts at Evercore ISI from $7.00 to $8.00. They now have a “hold” rating on the stock.
8/4/2016 – Square had its price target raised by analysts at Morgan Stanley from $10.00 to $11.00. They now have an “equal weight” rating on the stock.
8/4/2016 – Square had its price target raised by analysts at SunTrust Banks Inc. from $11.00 to $13.00. They now have a “neutral” rating on the stock.
8/4/2016 – Square had its “buy” rating reaffirmed by analysts at Mizuho. They now have a $16.00 price target on the stock.
8/4/2016 – Square had its “hold” rating reaffirmed by analysts at Deutsche Bank AG.
8/4/2016 – Square had its price target lowered by analysts at Wedbush from $10.00 to $8.00. They now have a “neutral” rating on the stock.
8/4/2016 – Square had its “buy” rating reaffirmed by analysts at Goldman Sachs Group Inc.. They now have a $15.00 price target on the stock.
8/3/2016 – Square was downgraded by analysts at Vetr from a “sell” rating to a “strong sell” rating. They now have a $9.23 price target on the stock.
7/27/2016 – Square was given a new $12.00 price target on by analysts at BTIG Research. They now have a “buy” rating on the stock.
7/25/2016 – Square was upgraded by analysts at Vetr from a “sell” rating to a “hold” rating. They now have a $9.23 price target on the stock.
7/18/2016 – Square was downgraded by analysts at Vetr from a “buy” rating to a “hold” rating. They now have a $9.34 price target on the stock.

Square Inc. (NYSE:SQ) traded up 0.45% during trading on Wednesday, hitting $11.28. The stock had a trading volume of 3,424,142 shares. Square Inc. has a 1-year low of $8.06 and a 1-year high of $15.91. The firm’s 50-day moving average price is $11.43 and its 200-day moving average price is $11.27. The stock’s market cap is $3.86 billion.
Square (NYSE:SQ) last issued its quarterly earnings results on Wednesday, August 3rd. The company reported ($0.08) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.11) by $0.03. The firm earned $439 million during the quarter, compared to analyst estimates of $406.93 million. Square had a negative return on equity of 37.14% and a negative net margin of 14.85%. The firm’s revenue was up 54.1% on a year-over-year basis. On average, equities research analysts predict that Square Inc. will post ($0.60) earnings per share for the current fiscal year.

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In other Square news, Director Lawrence Henry Summers sold 23,125 shares of the stock in a transaction on Tuesday, August 23rd. The stock was sold at an average price of $12.50, for a total transaction of $289,062.50. Following the completion of the transaction, the director now directly owns 50,507 shares of the company’s stock, valued at approximately $631,337.50. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Sarah Friar sold 2,690 shares of the stock in a transaction on Tuesday, July 26th. The shares were sold at an average price of $9.77, for a total value of $26,281.30. Following the transaction, the chief financial officer now directly owns 114,402 shares of the company’s stock, valued at $1,117,707.54. The disclosure for this sale can be found here. Company insiders own 42.60% of the company’s stock.
Square, Inc enables payment processing, and also offers financial and marketing services. The Company provides sellers various tools to start, run, manage and grow their businesses. It serves sellers of all sizes, ranging from a single vendor at a farmers’ market to multinational businesses. It serves as a payment service provider, acting as the touch point for the seller to the rest of the payment chain.

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