Square Inc (NYSE:SQ)‘s stock had its “outperform” rating restated by stock analysts at RBC Capital in a research report issued on Sunday, MarketBeat.com reports. They currently have a $15.00 price target on the stock. RBC Capital’s target price would suggest a potential upside of 52.28% from the stock’s previous close.

Square (NYSE:SQ) traded down 1.70% during midday trading on Friday, reaching $9.85. The company’s stock had a trading volume of 1,128,922 shares. The stock’s market capitalization is $1.54 billion. The firm’s 50-day moving average price is $11.78 and its 200-day moving average price is $11.87. Square has a 52 week low of $8.27 and a 52 week high of $14.78.

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

SQ has been the topic of several other research reports. Vetr raised Square from a “buy” rating to a “strong-buy” rating and set a $14.41 price target on the stock in a research note on Tuesday, January 5th. Barclays began coverage on Square in a research note on Monday, December 14th. They set an “overweight” rating and a $15.00 price target on the stock. Deutsche Bank began coverage on Square in a research note on Monday, December 14th. They set a “hold” rating and a $13.00 price target on the stock. Stifel Nicolaus began coverage on Square in a research note on Monday, December 14th. They set a “hold” rating on the stock. Finally, Wedbush reaffirmed a “neutral” rating and issued a $12.00 target price on shares of Square in a research note on Friday, November 20th. 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. Square currently has an average 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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