Canaccord Genuity Initiates Coverage on Square Inc to Hold

Canaccord Genuity Initiates Coverage on Square Inc(NYSE:SQ). The shares have been rated Hold. The rating by Canaccord Genuity was issued on Apr 13, 2016.

In a different note, On Mar 31, 2016, BTIG Research said it Downgrades its rating on Square Inc. In the research note, the firm Removes the price-target to $15.00 per share. The shares have been rated ‘Neutral’ by the firm. On Mar 31, 2016, Monness Crespi Hardt said it Downgrades its rating on Square Inc. The shares have been rated ‘Neutral’ by the firm. Mizuho Securities said it Initiates Coverage on Square Inc, according to a research note issued on Mar 29, 2016. The shares have been rated ‘Buy’ by the firm. CLSA said it Initiates Coverage on Square Inc, according to a research note issued on Mar 22, 2016. The shares have been rated ‘Outperform’ by the firm. Pacific Crest said it Initiates Coverage on Square Inc, according to a research note issued on Feb 29, 2016. The shares have been rated ‘Sector Weight’ by the firm. SunTrust Robinson Humphrey said it Initiates Coverage on Square Inc, according to a research note issued on Feb 11, 2016. The shares have been rated ‘Neutral’ by the firm.

Square Inc(SQ) last announced its earnings results on Mar 9, 2016 for Fiscal Year 2015 and Q4.Company reported revenue of $374.36M. Analysts had an estimated revenue of $340.60M. Earnings per share were $-0.20. Analysts had estimated an EPS of $-0.13.

Square Inc. (Square) provides financial services and marketing services. The Company also provides payments and point-of-sale (POS) which include hardware and software to accept payments streamline operations and analyze business information. The Company’s payments and POS services include In-Person Payments Online Payments Square Cash Square Register Square Analytics Square Appointments and Square App Marketplace. The Company’s financial services include Square Capital and Square Payroll. The Company’s marketing services include Square Customer Engagement and Caviar. The Company’s mobile payments and POS services transform the checkout process and advance digital and mobile commerce by untethering sales from long lines and antiquated cash registers. The Company provides sellers a range of options for accepting payments in-person or online. The Company acts as the merchant of record for its sellers.

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