Square Inc (NYSE:SQ)‘s stock had its “buy” rating reaffirmed by equities researchers at BTIG Research in a note issued to investors on Wednesday, Analyst Ratings.Net reports. They currently have a $15.00 target price on the stock. BTIG Research’s price target would suggest a potential upside of 57.23% from the stock’s current price.

Square (NYSE:SQ) opened at 9.54 on Wednesday. The company’s market capitalization is $1.50 billion. Square has a 52-week low of $8.27 and a 52-week high of $14.78. The firm’s 50-day moving average is $11.62 and its 200-day moving average is $11.77.

In other Square news, major shareholder Rizvi Traverse Management, Llc acquired 750,000 shares of Square stock in a transaction on Tuesday, November 24th. The stock was purchased at an average price of $9.00 per share, for a total transaction of $6,750,000.00. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

SQ has been the topic of several other reports. JPMorgan Chase & Co. initiated coverage on Square in a research note on Monday, December 14th. They issued an “overweight” rating and a $14.00 price target on the stock. William Blair initiated coverage on Square in a research note on Thursday, January 21st. They issued a “market perform” rating on the stock. Monness Crespi & Hardt initiated coverage on Square in a research note on Thursday, December 3rd. They issued a “buy” rating and a $15.00 price target on the stock. Barclays initiated coverage on Square in a research report on Monday, December 14th. They set an “overweight” rating and a $15.00 target price on the stock. Finally, RBC Capital reaffirmed an “outperform” rating and set a $15.00 target price on shares of Square in a research report on Sunday. Seven research analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $13.80.

Square, Inc. (NYSE:SQ) 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.

12 Month Chart for NYSE:SQ

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