Raymond James Initiates Coverage On Square Inc to Market Perform

Raymond James Initiates Coverage On Square Inc(SQ). The shares have been rated Market Perform. The rating by the stock financial advisor at Raymond James was issued on Mar 21, 2017 in a research report to their Investors and Clients.

In a different note, On Feb 23, 2017, BTIG Research said it Upgrades its rating on Square Inc. The shares have been rated ‘Buy’ by the firm. Citigroup said it Initiates Coverage On Square Inc, according to a research note issued on Feb 17, 2017. In the research note, the firm Announces the price-target to $20 per share. The shares have been rated ‘Buy’ by the firm.

Square Inc (SQ) shares turned negative on Fridays trading session with the shares closing down -0.02 points or -0.12% at a volume of 40,08,488. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $16.94. The peak price level was also seen at $16.94 while the days lowest was $16.47. Finally the shares closed at $16.59. The 52-week high of the shares is $18.17 while the 52-week low is $8.42. According to the latest information available, the market cap of the company is $6,092 M.

Square Inc(SQ) last announced its earnings results on Feb 22, 2017 for Fiscal Year 2016 and Q4.Company reported revenue of $451.917M. Analysts had an estimated revenue of $450.850M. Earnings per share were $0.05. Analysts had estimated an EPS of $-0.09.

Several Insider Transactions has been reported to the SEC. On Mar 9, 2017, Jack Dorsey (director officer 10% owner (President, CEO & Chai) sold 381,500 shares at $16.74 per share price.Also, On Feb 27, 2017, Francoise Brougher (Business Lead) sold 115,385 shares at $16.91 per share price.On Feb 15, 2017, James Morgan Jr. Mckelvey (director 10% owner) sold 90,000 shares at $14.30 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.

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