Square (SQ) Receives a Hold from Oppenheimer


In a report released yesterday, Glenn Greene from Oppenheimer maintained a Hold rating on Square (SQ). The company’s shares closed last Monday at $46.31.

According to TipRanks.com, Greene is a top 25 analyst with an average return of 18.4% and a 77.9% success rate. Greene covers the Technology sector, focusing on stocks such as Jack Henry & Associates, Fidelity National Info, and Global Payments.

Square has an analyst consensus of Moderate Buy, with a price target consensus of $68.30, a 57.0% upside from current levels. In a report issued on March 17, Atlantic Equities also upgraded the stock to Hold with a $44.00 price target.

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The company has a one-year high of $87.25 and a one-year low of $32.33. Currently, Square has an average volume of 11.19M.

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Square, Inc. engages in the provision of credit card payment processing solutions. It is a cohesive commerce ecosystem that helps sellers start, run, and grow their businesses. The firms sellers downloads the Square Point of Sale mobile app, they can quickly and easily take their first payment, typically within minutes. Its system, sellers gain access to features such as next-day settlements, digital receipts, payment dispute management, data security, and Payment Card Industry compliance. The firm offers additional point-of-sale services, financial services, and marketing services. The company was founded by Jack Dorsey and Jim McKelvey in February 2009 and is headquartered in San Francisco, CA.

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