Equities researchers at William Blair assumed coverage on shares of Square Inc (NYSE:SQ) in a research note issued on Thursday, The Fly reports. The brokerage set a “market perform” rating on the stock.

In other Square news, major shareholder Rizvi Traverse Management, Llc bought 750,000 shares of the business’s 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 acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Shares of Square (NYSE:SQ) traded down 0.41% during mid-day trading on Thursday, reaching $9.81. 737,455 shares of the company’s stock traded hands. The company’s market cap is $1.54 billion. The firm has a 50-day moving average of $11.78 and a 200 day moving average of $11.87. Square has a 12-month low of $8.27 and a 12-month high of $14.78.

Other research analysts also recently issued research reports about the stock. Stifel Nicolaus assumed coverage on shares of Square in a report on Monday, December 14th. They set a “hold” rating on the stock. Wedbush reiterated a “neutral” rating and issued a $12.00 target price on shares of Square in a research note on Friday, November 20th. Vetr reiterated a “strong-buy” rating and issued a $15.51 target price on shares of Square in a research note on Thursday, November 19th. Deutsche Bank initiated coverage on shares of Square in a research note on Monday, December 14th. They issued a “hold” rating and a $13.00 target price for the company. Finally, BTIG Research initiated coverage on shares of Square in a research note on Tuesday, December 8th. They issued a “buy” rating for the company. Seven analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price 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

The Fly

Frustrated with your broker? Are you tired of paying high fees? Do you feel like you are getting ripped off by your stock broker? It's time for a change. Find out which brokerage is best for your personal trading style at the InvestorPlace Broker Center. Compare brokers at a glance in the InvestorPlace Broker Center (Click Here).

Receive News & Ratings for Square Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Square Inc and related companies with MarketBeat.com's FREE daily email newsletter.