Square Inc (SQ) was Upgraded by Credit Agricole to ” Buy” and the brokerage firm has set the Price Target at $14. Earlier the firm had a rating of “Outperform ” on the company shares. Credit Agricole advised their investors in a research report released on May 23, 2016.
Many Wall Street Analysts have commented on Square Inc. Piper Jaffray Initiated Square Inc on May 19, 2016 to “Neutral”, Price Target of the shares are set at $10.Compass Point Upgraded Square Inc on May 17, 2016 to ” Buy”, Price Target of the shares are set at $13.Shares were Reiterated by Wedbush on May 16, 2016 to “Underperform” and Lowered the Price Target to $ 8 from a previous price target of $9 .
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.
In a different news, on May 19, 2016, Dana Wagner (Gen. Counsel & Corp. Secretary) sold 200,000 shares at $9.39 per share price.
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.