Square Inc (SQ) was Reiterated by Canaccord Genuity to “Hold” according to the research note released today. The brokerage firm has raised the Price Target to $ 14 from a previous price target of $13 . Canaccord Genuity advised their investors in a research report released on Aug 4, 2016.
Many Wall Street Analysts have commented on Square Inc. Square Inc was Initiated by Evercore ISI to “Hold” on Jun 22, 2016. Square Inc was Initiated by Craig Hallum to “Hold” on Jun 15, 2016. Credit Agricole Upgraded Square Inc on May 23, 2016 to ” Buy”, Price Target of the shares are set at $14.
On the company’s financial health, Square Inc reported $-0.08 EPS for the quarter, beating the analyst consensus estimate by $ 0.04 according to the earnings call on Aug 3, 2016. Analyst had a consensus of $-0.12. The company had revenue of $171.00 million for the quarter, compared to analysts expectations of $157.88 million. The company’s revenue was up 54.1% compared to the same quarter last year.
In a different news, on Jul 28, 2016, Alyssa Henry (Seller Lead) sold 5,379 shares at $9.77 per share price. According to the SEC, on Jul 28, 2016, Francoise Brougher (Business Lead) sold 2,706 shares at $9.77 per share price. On Jul 28, 2016, Sarah Friar (Chief Financial Officer) sold 2,690 shares at $9.77 per share price, according to the Form-4 filing with the securities and exchange commission.
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.