BTIG Research Downgrades Square Inc to Neutral

Brokerage firm BTIG Research Downgrades its rating on Square Inc(NYSE:SQ). The shares have been rated Neutral. Previously, the analysts had a Buy rating on the shares. The rating by BTIG Research was issued on Aug 29, 2016.

In a different note, On Aug 22, 2016, Stifel Nicolaus said it Upgrades its rating on Square Inc. The shares have been rated ‘Buy’ by the firm. On Aug 4, 2016, BTIG Research said it Maintains its rating on Square Inc. The shares have been rated ‘Buy’ by the firm. On Aug 4, 2016, Morgan Stanley said it Maintains its rating on Square Inc. In the research note, the firm Raises the price-target to $10.00 per share. The shares have been rated ‘Equal-weight’ by the firm. On Aug 4, 2016, Barclays said it Maintains its rating on Square Inc. The shares have been rated ‘Overweight’ by the firm. On Aug 4, 2016, Evercore ISI Group said it Maintains its rating on Square Inc. In the research note, the firm Raises the price-target to $7.00 per share. The shares have been rated ‘Hold’ by the firm. On Aug 4, 2016, Canaccord Genuity said it Maintains its rating on Square Inc. In the research note, the firm Raises the price-target to $13.00 per share. The shares have been rated ‘Hold’ by the firm.

Square Inc(SQ) last announced its earnings results on Aug 3, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $438.53M. Analysts had an estimated revenue of $405.71M. Earnings per share were $-0.09. Analysts had estimated an EPS of $-0.11.

Several Insider Transactions has been reported to the SEC. On Aug 25, 2016, Francoise Brougher (Business Lead) sold 115,384 shares at $12.26 per share price.Also, On Aug 25, 2016, Dana Wagner (Gen. Counsel & Corp. Secretary) sold 50,000 shares at $12.27 per share price.On Aug 25, 2016, Lawrence Henry Summers (director) sold 23,125 shares at $12.50 per share price, according to the Form-4 filing with the securities and exchange commission.

Square Inc. (Square) 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.

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