How Technical Charts Are Flashing For Square, Inc. (SQ), OvaScience, Inc. (OVAS)

Remigio Civitarese
Novembre 17, 2017

Several research firms have recently commented on SQ. They issued a neutral rating for the company.

On November 9 Craig Hallum left the stock rating at "Hold" with a current price target of $33.00. Cantor Fitzgerald initiated coverage on Square in a report on Tuesday, September 12th. Deutsche Bank AG raised their price target on shares of Square to $37.00 and gave the company a "buy" rating in a report on Tuesday, October 31st.

Equity analyst Oppenheimer Holdings raised the price target of the stock on November 10 changing the forecast from $35.00 to $41.00 and stated a "Outperform" rating. Finally, Piper Jaffray Companies restated a "hold" rating and set a $24.00 target price on shares of Square in a research report on Wednesday, July 26th.

SunTrust Banks raised the price target on November 9 changing the price objective from $0.00 to $35.00 and issued a "Hold" recommendation.

The stock's Average True Range (ATR) is 1.39.

Square, Inc. (NYSE:SQ) touched its 1-Year High price of $41.97 on 11/16/17 and its 1-Year Low price of $11.88 on 11/21/16. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.81 and a current ratio of 1.81.

Square, Inc. (SQ) maintained activity of 8.3 million shares that trade hands on average basis while its relative volume is 2.46. In the latest earnings report the EPS was $-0.17 with 268.85M shares presently outstanding. Square had a negative return on equity of 31.99% and a negative net margin of 12.55%. The firm had revenue of $257.12 million during the quarter, compared to analysts' expectations of $244.95 million. On average, analysts anticipate that Square will post ($0.26) EPS for the current year. If you are accessing this report on another publication, it was stolen and republished in violation of worldwide copyright & trademark laws. "(SQ) CAO Sells $680,045.08 in Stock" was first reported by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are viewing this report on another site, it was illegally copied and reposted in violation of United States and worldwide copyright and trademark law. The legal version of this piece of content can be accessed at https://baseballnewssource.com/markets/square-inc-sq-stock-rating-lowered-by-vetr-inc/1781369.html. As of quarter end Capital World Investors had sold a total of 582,000 shares trimming its stake by 3.7%. Barclays PLC increased their price target on Square from $17.00 to $18.00 and gave the company an overweight rating in a research report on Thursday, February 23rd. Following the completion of the transaction, the chief accounting officer now directly owns 134,518 shares of the company's stock, valued at approximately $5,243,511.64. Last trading transaction put the stock price at $41.90. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The disclosure for this sale can be found here. Over the last quarter, insiders sold 1,394,791 shares of company stock worth $45,611,401.

Institutional investors have recently bought and sold shares of the stock. Aviance Capital Partners LLC bought a new position in shares of Square during the third quarter valued at approximately $119,000. BlackRock Inc. now owns 5,383,325 shares of the technology company's stock valued at $93,023,000 after acquiring an additional 5,309,197 shares in the last quarter. We continue to believe Square is building a uniquely positioned SMB services ecosystem and is effectively expanding its opportunity with new products/features, global expansion, and larger merchant penetration. The Company enables its sellers start, run, and grow their businesses. The Company provides payments and point-of-sale which include hardware and software to accept payments, streamline operations and analyze business information.

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