Square, Inc. (SQ) Has Another Very Strong Trading Session

February 15, 2018 - By Adrian Mccoy

The stock of Square, Inc. (NYSE:SQ) is a huge mover today! The stock increased 6.11% or $2.5566 during the last trading session, reaching $44.4066. About 16.91 million shares traded. Square, Inc. (NYSE:SQ) has risen 107.40% since February 15, 2017 and is uptrending. It has outperformed by 90.70% the S&P500.
The move comes after 6 months positive chart setup for the $17.26B company. It was reported on Feb, 15 by Barchart.com. We have $46.63 PT which if reached, will make NYSE:SQ worth $862.75M more.

Analysts await Square, Inc. (NYSE:SQ) to report earnings on February, 28. They expect $-0.04 EPS, 0.00 % or $0.00 from last year’s $-0.04 per share. After $-0.02 actual EPS reported by Square, Inc. for the previous quarter, Wall Street now forecasts 100.00 % negative EPS growth.

Square, Inc. (NYSE:SQ) Ratings Coverage

Among 39 analysts covering Square Inc (NYSE:SQ), 21 have Buy rating, 1 Sell and 17 Hold. Therefore 54% are positive. Square Inc had 114 analyst reports since November 20, 2015 according to SRatingsIntel. Susquehanna initiated the shares of SQ in report on Wednesday, December 9 with “Neutral” rating. The firm earned “Hold” rating on Thursday, August 4 by Canaccord Genuity. The rating was maintained by Oppenheimer on Friday, November 10 with “Outperform”. The stock has “Buy” rating by Mizuho on Thursday, February 23. The firm has “Neutral” rating given on Wednesday, October 19 by Credit Suisse. Wedbush downgraded the stock to “Underperform” rating in Friday, May 6 report. On Monday, October 9 the stock rating was maintained by Bank of America with “Neutral”. Credit Suisse downgraded the shares of SQ in report on Friday, June 16 to “Neutral” rating. The firm has “Buy” rating given on Monday, December 14 by Goldman Sachs. The firm earned “Buy” rating on Monday, December 14 by Jefferies.

More notable recent Square, Inc. (NYSE:SQ) news were published by: Reuters.com which released: “BRIEF-Walmart Board Of Directors Adds Square Inc CFO Sarah Friar” on February 08, 2018, also Marketwatch.com with their article: “Square CEO Dorsey says “most” Cash users can now buy bitcoin” published on January 31, 2018, Investorplace.com published: “Square Inc Stock Bulls Are Getting More Than a Little Crazy” on January 22, 2018. More interesting news about Square, Inc. (NYSE:SQ) were released by: Finance.Yahoo.com and their article: “Here’s Why Shares of Square, Inc. Spiked 154% in 2017” published on January 17, 2018 as well as Seekingalpha.com‘s news article titled: “An Analysis Of Square’s Revenue Potential” with publication date: February 07, 2018.

Square, Inc. develops and provides payment processing, point-of-sale , financial, and marketing services worldwide. The company has market cap of $17.26 billion. It provides Square Point of Sale, a POS application software that offers managed payments solutions and advanced software products, including Square Dashboard, a cloud reporting and analytics tool that provides sellers with real-time data and insights about sales, items, customers, and employees; Square Payroll, which empowers sellers to hire, onboard, and pay employees and the associated taxes; and customer engagement tools that help sellers to enhance their business through digital customer feedback, marketing, and loyalty programs. It currently has negative earnings. The firm also offers in-person/card present payments solutions, such as magstripe readers, contactless and chip readers, and chip card readers; and Square Stand that transforms an iPad into a POS terminal.

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