Craig-Hallum Initiates Coverage on Square Inc to Hold

Craig-Hallum Initiates Coverage on Square Inc(NYSE:SQ). The shares have been rated Hold. The rating by Craig-Hallum was issued on Jun 15, 2016.

In a different note, Piper Jaffray said it Initiates Coverage on Square Inc, according to a research note issued on May 19, 2016. The shares have been rated ‘Neutral’ by the firm. On May 17, 2016, Compass Point said it Upgrades its rating on Square Inc. The shares have been rated ‘Buy’ by the firm. On May 6, 2016, Wedbush said it Downgrades its rating on Square Inc. The shares have been rated ‘Underperform’ by the firm. Compass Point said it Initiates Coverage on Square Inc, according to a research note issued on Apr 15, 2016. The shares have been rated ‘Neutral’ by the firm. On Mar 31, 2016, BTIG Research said it Downgrades its rating on Square Inc. In the research note, the firm Removes the price-target to $15.00 per share. The shares have been rated ‘Neutral’ by the firm. On Mar 31, 2016, Monness Crespi Hardt said it Downgrades its rating on Square Inc. The shares have been rated ‘Neutral’ by the firm.

Square Inc(SQ) last announced its earnings results on May 5, 2016 for Fiscal Year 2016 and Q1.Company reported revenue of $379.27M. Analysts had an estimated revenue of $341.16M. Earnings per share were $-0.14. Analysts had estimated an EPS of $-0.09.

Several Insider Transactions has been reported to the SEC. On May 26, 2016, James Morgan Jr. Mckelvey (director 10% owner) sold 135,000 shares at $9.91 per share price.Also, On May 19, 2016, Dana Wagner (Gen. Counsel & Corp. Secretary) sold 200,000 shares at $9.39 per share price.On May 19, 2016, Jack Dorsey (director officer 10% owner (President, CEO & Chai) sold 168,750 shares at $9.12 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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