Square Inc (SQ) was Initiated by Credit Suisse to “Neutral” and the brokerage firm has set the Price Target at $12. Credit Suisse advised their investors in a research report released on Oct 19, 2016.
Many Wall Street Analysts have commented on Square Inc. Stifel Upgraded Square Inc on Aug 23, 2016 to ” Buy”, Price Target of the shares are set at $15.Company shares were Reiterated by Canaccord Genuity on Aug 4, 2016 to “Hold”, Firm has raised the Price Target to $ 14 from a previous price target of $13 .Company shares were Reiterated by Wedbush on Aug 4, 2016 to “Neutral”, Firm has raised the Price Target to $ 10 from a previous price target of $8 .
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 Sep 30, 2016, Francoise Brougher (Business Lead) sold 57,692 shares at $12.00 per share price. According to the SEC, on Aug 25, 2016, Dana Wagner (Gen. Counsel & Corp. Secretary) sold 50,000 shares at $12.27 per share price. On Aug 25, 2016, Lawrence Henry Summers (director) sold 23,125 shares at $12.50 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.