Jefferies Financial Group Reaffirms “Hold” Rating for Square (NYSE:SQ)

Jefferies Financial Group restated their hold rating on shares of Square (NYSE:SQ) in a report published on Thursday morning, BenzingaRatingsTable reports. Jefferies Financial Group currently has a $78.00 price target on the technology company’s stock.

Several other equities analysts have also recently weighed in on the stock. Macquarie raised their price target on shares of Shopify to $230.00 and gave the stock an outperform rating in a research note on Wednesday, March 27th. Argus raised shares of Brandywine Realty Trust from a hold rating to a buy rating and set a $17.00 target price for the company in a research note on Monday, July 8th. Zacks Investment Research cut shares of GENEL ENERGY PL/ADR from a buy rating to a hold rating in a research note on Tuesday, May 7th. Needham & Company LLC raised their target price on shares of Alteryx to $108.00 and gave the company a buy rating in a research note on Thursday, May 2nd. Finally, SunTrust Banks raised their target price on shares of Markel to $1,100.00 and gave the company a hold rating in a research note on Thursday, May 2nd. Two investment analysts have rated the stock with a sell rating, eleven have given a hold rating and twenty-three have given a buy rating to the stock. The stock has an average rating of Buy and an average price target of $87.04.

Shares of SQ opened at $78.51 on Thursday. The company has a market cap of $33.21 billion, a PE ratio of 3,925.50, a P/E/G ratio of 21.04 and a beta of 3.31. Square has a twelve month low of $49.82 and a twelve month high of $101.15. The business’s 50 day simple moving average is $72.66. The company has a quick ratio of 1.50, a current ratio of 1.50 and a debt-to-equity ratio of 0.91.

Square (NYSE:SQ) last issued its quarterly earnings results on Wednesday, May 1st. The technology company reported ($0.01) earnings per share for the quarter, missing the consensus estimate of $0.08 by ($0.09). The business had revenue of $489.00 million for the quarter, compared to the consensus estimate of $479.63 million. Square had a positive return on equity of 1.86% and a negative net margin of 1.47%. Square’s revenue was up 59.3% compared to the same quarter last year. During the same period in the prior year, the business earned $0.06 earnings per share. Equities research analysts forecast that Square will post 0.15 EPS for the current year.

In other news, insider Ajmere Dale sold 4,953 shares of Square stock in a transaction on Friday, July 12th. The stock was sold at an average price of $80.00, for a total transaction of $396,240.00. Following the completion of the sale, the insider now owns 68,079 shares of the company’s stock, valued at $5,446,320. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Alyssa Henry sold 20,000 shares of Square stock in a transaction on Tuesday, May 14th. The stock was sold at an average price of $64.20, for a total value of $1,284,000.00. Following the sale, the insider now directly owns 459,793 shares of the company’s stock, valued at approximately $29,518,710.60. The disclosure for this sale can be found here. Insiders have sold 77,249 shares of company stock valued at $5,486,225 in the last three months. Insiders own 21.79% of the company’s stock.

Several institutional investors and hedge funds have recently bought and sold shares of SQ. Jennison Associates LLC raised its stake in Square by 56.6% in the first quarter. Jennison Associates LLC now owns 15,136,362 shares of the technology company’s stock valued at $1,134,016,000 after purchasing an additional 5,472,640 shares in the last quarter. Norges Bank acquired a new position in Square in the fourth quarter valued at about $141,059,000. Millennium Management LLC raised its stake in Square by 295.7% in the fourth quarter. Millennium Management LLC now owns 754,194 shares of the technology company’s stock valued at $42,303,000 after purchasing an additional 563,587 shares in the last quarter. American Century Companies Inc. raised its stake in Square by 35.6% in the fourth quarter. American Century Companies Inc. now owns 2,101,900 shares of the technology company’s stock valued at $117,896,000 after purchasing an additional 552,267 shares in the last quarter. Finally, Victory Capital Management Inc. acquired a new position in Square in the first quarter valued at about $34,164,000. 51.96% of the stock is owned by 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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Analyst Recommendations for Square (NYSE:SQ)

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