Square Inc (SQ) was Reiterated by Wedbush to “Underperform” while Lowering the Price Target of the company shares to $ 8 from a previous price target of $9 . Wedbush advised their investors in a research report released on May 16, 2016.
Many Wall Street Analysts have commented on Square Inc. Compass Point Initiated Square Inc on Apr 15, 2016 to “Neutral”, Price Target of the shares are set at $15.Mizuho Initiated Square Inc on Mar 30, 2016 to “Buy”, Price Target of the shares are set at $16.Credit Agricole Initiated Square Inc on Mar 23, 2016 to “Outperform”, Price Target of the shares are set at $14.
On the company’s financial health, Square Inc reported $-0.29 EPS for the quarter, missing the analyst consensus estimate by $ -0.17 based on the information available during the earnings call on May 5, 2016. Analyst had a consensus of $-0.12. The company had revenue of $146.00 million for the quarter, compared to analysts expectations of $136.04 million. The company’s revenue was up 64.0% compared to the same quarter last year.
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.