SQ - Square, Inc.
Chart Events
MACD
Performance Outlook
- Short Term2W - 6W
- Mid Term6W - 9M
- Long Term9M+
| Previous Close | 81.08 |
| Open | 81.00 |
| Bid | 82.08 x 1300 |
| Ask | 82.08 x 800 |
| Day's Range | 80.15 - 82.33 |
| 52 Week Range | 32.33 - 87.25 |
| Volume | 1,570,331 |
| Avg. Volume | 16,537,511 |
| Market Cap | 35.917B |
| Beta (5Y Monthly) | 2.63 |
| PE Ratio (TTM) | 123.68 |
| EPS (TTM) | 0.66 |
| Earnings Date | Jul 30, 2020 - Aug 03, 2020 |
| Forward Dividend & Yield | N/A (N/A) |
| Ex-Dividend Date | N/A |
| 1y Target Est | 62.74 |
Fair Value
Related Research
- InvestorPlace
Twitter Stock Is Caught Between a Rock and a Hard Place
President Donald Trump has gone to war with Twitter (NYSE:TWTR) and the market is buying popcorn. Twitter stock is down more than 3% on Friday on the news.Source: Worawee Meepian / Shutterstock.com Amid great fanfare, Trump signed an executive order May 28 aimed at limiting the broad legal protections granted to social media.Those so-called Section 230 protections, part of the 1996 Communications Decency Act, mean that internet companies can't be held liable for their users' actions.InvestorPlace - Stock Market News, Stock Advice & Trading TipsTrump was moved by fact checks Twitter placed on two of his tweets, concerning mail-in voting and the death of a congressional aide 20 years ago. It's part of a broader attack against what Republicans call Big Tech -- the cloud giants, and companies using them to communicate.What does this all mean for Twitter stock? Rock, Meet Hard PlaceTrump has 80.5 million Twitter followers. He often uses the service in lieu of a press office.Until recently his tweets were left alone, despite constant complaints about their veracity. That seemed to climax when TV host Mika Brzezinski personally asked Twitter CEO Jack Dorsey to close Trump's account. He chose not to do so, insisting Twitter is not an "arbiter of truth." * 7 Red-Hot Vaccine Stocks Racing to Develop a Coronavirus Cure But Twitter did take other actions, labeling one tweet as "glorifying violence" with a warning and issuing the "fact checks." Beyond Trump, Twitter has suffered from uneven growth. Its most recent earnings beat estimates. But revenues were down from the previous three quarters. The company has added Stanford professor Fei-Fei Li, an artificial intelligence expert and former Alphabet (NASDAQ:GOOG, NASDAQ:GOOGL) executive, to its board. The company appears to have reached the limits of its business model, user-generated content backed by advertising. Facebook Is a Bigger LoserThe big loser here might be Facebook (NASDAQ:FB).CEO Mark Zuckerberg has tried to stay above the fray, arguing that private companies shouldn't be "arbiters of truth." This has gotten him into trouble with liberals who say he's profiting from the destruction of democracy.Facebook is also more than 20 times bigger than Twitter by market capitalization. While its shares fell just 1.6% on May 28, that represented nearly $10 billion of market cap. Twitter is worth $24 billion.Facebook faces pressure from countries around the world, where the First Amendment is only a local ordinance. It still doesn't serve China, despite repeated attempts. Facebook is also one of the five giants that owns its own cloud infrastructure.Facebook is the smallest of the five, the one most dependent on advertising for its revenue. It is building undersea cables around Africa and has a stake in an Indian mobile company.Twitter's controversies have Facebook between a rock and a hard place. Its position is that it's a global phone company, allowing communication but exerting no control over it. But it has taken steps to police itself, like shutting down misinformation about the novel coronavirus and targeting accounts that exist to spread conspiracy theories. The Bottom Line on Twitter StockRight now, everything is political.There is no way either Twitter or Facebook can allow comment on the burning issues of our time and not come under attack.Both companies have had to take responsibility for the media they created. But those who benefitted from their refusal to do that until now won't let go easily.The result is that costs are rising while revenue for Twitter is plateauing. Revenue may even decline in future quarters, due to a global recession caused by the coronavirus. If you want to be in business with Jack Dorsey, it's more hip to buy Square (NYSE:SQ).Dana Blankenhorn has been a financial and technology journalist since 1978. His latest book is Technology's Big Bang: Yesterday, Today and Tomorrow with Moore's Law, essays on technology available at the Amazon Kindle store. Follow him on Twitter at @danablankenhorn. As of this writing he owned shares in FB. More From InvestorPlace * Top Stock Picker Reveals His Next 1,000% Winner * The Huge Story for 2020 & Beyond That You Aren't Hearing About * Revolutionary Tech Behind 5G Rollout Is Being Pioneered By This 1 Company * The 1 Stock All Retirees Must Own The post Twitter Stock Is Caught Between a Rock and a Hard Place appeared first on InvestorPlace.
- InvestorPlace
Resilient Square Stock Will Defeat the Bears
I recently published my top recommendations of the best stocks to buy for a post-coronavirus bump. There are huge opportunities for strong profits as the economy rebounds, so this is a great time for investors. But one of those names, Square (NYSE:SQ) stock, deserves a closer look.Source: Jonathan Weiss / Shutterstock.com Let's do that now.I'm already on the record as saying I think SQ is the ideal stock to buy for the 21st century economy. Mom-and-pop businesses, food trucks, Girl Scout cookie sales. They all can easily process credit card payments by using Square's dongles attached to a mobile device.InvestorPlace - Stock Market News, Stock Advice & Trading TipsAnd now that we live in a world touched by the novel coronavirus, people are going to be much less willing to handle cash. In turn, they will be more inclined to make payments with their Visa (NYSE:V), Mastercard (NYSE:MA), American Express (NYSE:AXP) or Discover (NYSE:DFS) cards.Even payment options from Apple (NASDAQ:AAPL) and Alphabet (NASDAQ:GOOG, NASDAQ:GOOGL) will likely see more traffic as people decide transferring money from person to person isn't the most hygienic thing in the world. SQ Stock at a GlanceSquare is trading close to $80 right now and is up nearly 30% year to date. But that doesn't represent the absolute whipsaw that SQ put investors through so far this year.The stock price fell more than 55% in March as the pandemic shuttered many businesses across the country. And it disproportionally hurt SQ, as a huge percentage of Square's revenue comes from small businesses that make less than $125,000 annually. * 7 Red-Hot Vaccine Stocks Racing to Develop a Coronavirus Cure The rally really caught fire earlier this month when Square issued its first-quarter earnings, in which the company reported revenue of $1.4 billion that beat Wall Street's estimates of $1.3 billion.Square's Cash App saw its revenue jump nearly 200% to $528 million. The app is becoming more important for users because it offers access to CARES Act stimulus payments approved by Congress.However, Square reported a net loss for the quarter of $106 million as it increased its reserves in preparation for likely loan losses. The company issued a stark warning to investors that, while it should come as no surprise, seems to have scared some analysts off:"We recognize that the macroeconomic environment is having a significant impact on people around the world, including many of our customers. This may cause a variety of outcomes for our financial results in upcoming quarters, depending on the length and severity of the impact from COVID-19, and we expect a material impact to our second-quarter results." The Bears Are Coming OutSquare has been rallying nicely, but bearish sentiment is emerging. Frankly, the origin of that sentiment is off the mark.Bank of America analyst Jason Kupferberg recently downgraded SQ stock from "buy" to "underperform," while expressing doubt that small businesses will be able to bounce back once their government stimulus checks run out.UBS analyst Eric Wasserstrom also issued a downgrade, from "neutral" to "sell," while raising his price target from $54 to $63. He cited what he called a "weak outlook" for Square's seller business.Guggenheim analyst Jeff Cantwell also issued a downgrade. He said Square will be hurt by small and mid-sized business that he expects will struggle through 2021.With all due respect, the bearish commentary on SQ stock is short-sighted right now.The company is building amazing depth. Square also has Square Register, Square Payroll and Square Capital. These solutions give it the resources to handle both personal and business finance.The company also received approval in March to open its own bank, which opens the door for it to offer personal and business banking services.Cash App also features the Cash Card, which works like a debit card and lets customers buy and sell bitcoin and invest in stocks. Square said its revenue off of bitcoin transactions was $306 million last quarter, compared to $65.5 million in 2019.In addition, Square Cash allows people to transfer money to each other with their mobile devices, making it a legitimate competitor to PayPal (NASDAQ:PYPL) and its Venmo app.At the end of 2019, Square Cash had 24 million active users, compared to 52 million for Venmo. The Bottom Line on SquareEven if smaller businesses struggle in the aftermath of the pandemic, Square is an ideal stock to own. It makes perfect sense for today's economy.SQ stock maintains its buy rating in my Portfolio Grader, where it continues to have a B grade.Louis Navellier had an unconventional start, as a grad student who accidentally built a market-beating stock system -- with returns rivaling even Warren Buffett. In his latest feat, Louis discovered the "Master Key" to profiting from the biggest tech revolution of this (or any) generation. Louis Navellier may hold some of the aforementioned securities in one or more of his newsletters. More From InvestorPlace * Top Stock Picker Reveals His Next 1,000% Winner * The Huge Story for 2020 & Beyond That You Aren't Hearing About * Revolutionary Tech Behind 5G Rollout Is Being Pioneered By This 1 Company * The 1 Stock All Retirees Must Own The post Resilient Square Stock Will Defeat the Bears appeared first on InvestorPlace.
- Simply Wall St.
Why Square Inc’s (NYSE:SQ) Timely Capital Raise Will Get It Through COVID-19
With a number of companies, both large and small, filing for bankruptcy in the last 2 months, having cash on hand can literally make or break a business
- Motley Fool
You Should Consider Buying These 3 Companies That Entrepreneurs Depend On Everyday
This trio of companies is helping millions build thriving businesses, even during the worst of times.
- Motley Fool
Don't Waste Your Money on Penny Stocks; These 3 Are Better Buys
Unlike most penny stocks, these three companies are leaders in their respective industries and could provide market-beating returns for a while.
- Insider Monkey
Hedge Funds Done Buying Square, Inc. (SQ)?
The financial regulations require hedge funds and wealthy investors that exceeded the $100 million equity holdings threshold to file a report that shows their positions at the end of every quarter. Even though it isn't the intention, these filings to a certain extent level the playing field for ordinary investors. The latest round of 13F […]
- Yahoo Finance Video
Google to reopen some offices in July
Yahoo Finance's Brian Sozzi, Alexis Christoforous, and Dan Howley discuss Google CEO Sundar Pichai's announcement that a limited number of Google employees will be returning to work in early July.
- GuruFocus.com
Frank Sands Adds 5 Stocks to Portfolio
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- GuruFocus.com
Jonathan Litt Is the Latest Guru to Bet Against Commercial Properties
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- Motley Fool
5 Top Stocks to Secure Your Financial Freedom
In other words, this bear market is an opportunity to secure your financial freedom by putting your money to work in great businesses. Here are five top stocks that can help you in your quest for financial independence. One recipe for financial freedom is to load your portfolio with companies that offer game-changing potential.
- Motley Fool
4 Investing Themes for the 2020s
In a world where everything is changing in a matter of weeks, talking about what could happen in the next 10-year stretch, when both the novel coronavirus and the economic lockdown meant to bring it to heel are still wreaking havoc, may seem premature. The ability to reach customers at home -- or wherever they happen to be -- is set to expand beyond the world of retail and entertainment, though.
- Yahoo Finance
As coronavirus crisis pushes more to work from home, some see an end to 'office centricity'
The worldwide coronavirus crisis that have locked many citizens indoors is also rapidly diminished the allure of shiny trophy office towers.
- Yahoo Finance
The office apocalypse is not here, yet
So far, there is no “office apocalypse.” Most tenants are just looking for short-term rent relief.
- Benzinga
Here's Why Jack Dorsey Is Donating $5M To Andrew Yang's Universal Income Initiative
Twitter Inc. (NYSE: TWTR) and Square Inc. (NYSE: SQ) Chief Executive Officer Jack Dorsey on Thursday said he was committing $5 million to Andrew Yang's non-profit organization Humanity Forward.The funding is part of the billion in Square shares Dorsey committed to novel coronavirus (COVID-19) relief efforts, girl child education, and universal basic income in April.UBI A Floor For People To Stand On, Dorsey Says Dorsey has been a long-term backer of the idea of a universal basic income, something that was central to Yang's Democratic presidential campaign for 2020.In an episode of Yang's podcast "Yang Speaks" published Thursday, Dorsey credited the former presidential candidate for bringing the idea to the mainstream.The Twitter CEO said that a lot of people across industries are going to lose jobs to automation powered by developments in artificial intelligence and machine learning, and, to him, the concept represents a "floor.""A floor that people can stand on, and have the knowledge and peace of mind that they could survive and eat and feed their children while they are learning how to transition into this new world," Dorsey told Yang.The billionaire also referred to the way federal coronavirus relief funds were distributed as a "tragedy." A lot more of the money should have gone directly to individuals, rather than corporates or banks, he said.Dorsey Plans To Donate All His Money Yang told Rolling Stone that Dorsey's funding would be used to immediately distribute cash grants of $250 each to about 20,000 individuals who have taken economic impact from the pandemic."Not only will Jack's donation directly impact tens of thousands of people in need during the current economic downturn, it will help Humanity Forward and our movement continue to make a case for universal basic income in the United States," Yang said in a statement to Rolling Stone.According to Dorsey, the $1 billion fund and his commitment to a universal basic income is part of his larger goal to ease people's pain through both personal means, or through his companies."I want to give out all my money in my lifetime. I want to see the impacts, selfishly, in my lifetime," Dorsey told Yang. "I want to make sure that we're helping people."The entrepreneur has been tracking his funding in a Google Sheets document, according to which he has dispersed $85 million so far, as earlier noted by CNBC.Price Action Twitter shares closed 0.3% higher at $32.34 on Thursday and traded further higher in after-hours at $32.50.Square closed nearly 0.7% lower at $81.49 in the regular session. The shares traded 0.6% higher in the after-hours session at $82.Image Credit: Screenshot of Andrew Yang's podcast.See more from Benzinga * US, China Relations Take Another Hit Over New Hong Kong National Security Bill * Netflix To Automatically Cancel Unused Subscriptions * KKR To Invest .5B In India's Jio Platforms, Joins Facebook, Three Other US Firms As Stakeholders(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
- Motley Fool
A Closer Look at Soaring Fintech Bill.com
In this episode of Industry Focus: Financials, host Jason Moser and Fool.com contributor Matt Frankel, CFP, take an in-depth look at the company and what investors need to know. Plus, hear Jason and Matt discuss why they're keeping an eye on Goldman Sachs (NYSE: GS) and Intuit (NASDAQ: INTU). To catch full episodes of all The Motley Fool's free podcasts, check out our podcast center.
- MarketWatch
Coffee delivery from indie shops is surging amid COVID-19, new data show
The COVID-19 outbreak is prompting more independent U.S. coffee shops to offer java delivery as consumers adjust to a new reality.
- Bloomberg
Facebook to Push Remote Hiring, Tells Employees They Can Move
(Bloomberg) -- Facebook Inc. plans to hire more remote workers in areas where the company doesn’t have an office, and let some current employees work from home permanently if they’d like to.Chief Executive Officer Mark Zuckerberg said the company plans to “aggressively open up remote hiring” starting immediately with the U.S., particularly for engineering talent. Based on internal employee surveys, he believes remote workers could make up as much as 50% of Facebook’s workforce in the next five to 10 years.“We and a lot of other folks were very worried that productivity was going to really fall off a cliff,” Zuckerberg said in an interview. “It just hasn’t. We are at least as productive as we were before, and some people report being even more productive.”The social network, which closed its Menlo Park, California, offices in early March due to the coronavirus outbreak, has already told employees that they can work from home through the end of the year. Zuckerberg shared the remote hiring plans with workers Thursday. Facebook had more than 48,000 global staff at the end of March.“The vast majority of people at the company are working remotely anyway, so constraining ourselves to only hiring people who live near an office that’s not open anyways isn’t really that efficient,” he added.Facebook is the latest, and largest, tech company to announce a full or partial move to more permanent remote work amid the Covid-19 pandemic. Twitter Inc. and Square Inc., both run by CEO Jack Dorsey, have announced that their employees can work from home permanently if they’d like. Canadian e-commerce company Shopify Inc. said this week it will allow its 5,000 staff to work from home indefinitely.It’s a trend that could drastically change Silicon Valley and the San Francisco Bay Area, which has for decades been the mecca for high-paying technology jobs. Many of the world’s most valuable companies, including Facebook, Apple Inc. and Alphabet Inc.’s Google are headquartered just south of San Francisco, which has made the surrounding area one of the wealthiest and most expensive in the world.Facebook employees who wish to work remotely, and are approved to do so, will be paid based on their new location, Zuckerberg added. That means employees who move to areas with a lower cost of living than the Bay Area would likely take a pay cut. Employees currently working remotely who want to extend their remote work plans beyond the end of this year will need to alert Facebook for tax and payroll reasons.“We’ll localize everybody’s comp on January 1,” he said. “They can do whatever they want through the rest of the year, but by the end of the year they should either come back to the Bay Area or they need to tell us where they are.”Zuckerberg said his decisions aren’t driven by employee demand, but there are a number of other benefits to remote hiring. This will extend the “talent pool” of people Facebook can hire, he said, and could help Facebook increase the diversity of its workforce, both racially and ethnically, but also ideologically.There is also a potential environmental benefit, Zuckerberg said, pointing out that pollution and emissions have dipped as people have stopped traveling. “I’d rather have our employees teleporting to work with VR or video chat than sitting in a commute and kind of poisoning the atmosphere,” he said.There could be product advantages, too. Facebook’s mission is to create products that help people feel closer even when they are physically apart, Zuckerberg said. This would give the company a chance to put its own products to the test and “eat our own dog food,” he added.There are still some unknowns. Zuckerberg believes a change like this could impact some of what he calls “the softer stuff,” like social connections, group brainstorming and creativity. Companies like Facebook and Google have changed work culture by offering employees never-ending perks, like free food, shuttles to work and even laundry. Those elements of work cultures will undoubtedly be affected.“We don’t know yet how much we are drafting off of culture, relationships, strategy and direction that have been developed up until this point. We’re kind of just gliding forward,” he said. “We don’t know how hard it’s going to be to evolve.”Zuckerberg said the Covid outbreak and current plan to increase remote workers won’t change the company’s real estate ambitions – at least not in the short term. Facebook has been expanding its sprawling headquarters for years, and has other plans to expand East across the San Francisco Bay to Fremont. Facebook has also embarked on a major push in New York, where it last year signed a lease for more than 1.5 million square feet of space in the Hudson Yards development. The company had planned to start moving employees into the space this year.When some employees do return to work following the July 4 holiday, Facebook plans to keep office capacity at just 25%, so will need as much room as possible. “If anything we just don’t have enough office space,” Zuckerberg said.The virus “is going to be with us for a while, so we really need to get good at this,” Zuckerberg added. “I just don’t think there’s going to be a single day where it’s like, ‘OK, Covid is done.’”For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
- MarketWatch
Square stock falls after UBS turns bearish
Shares of Square Inc. are off 2% in Thursday morning trading after UBS analyst Eric Wasserstrom downgraded the stock to sell from neutral while raising his price target to $63 from $54. He said that the downgrade reflects a "weak outlook" for Square's seller business and the limited visibility into its recovery trajectory. "More significantly, although we are increasing our price target to $63 to reflect a stronger outlook for Cash App, Square's current valuation exceeds this revised level, and, in our view, prices in an accelerated recovery in Seller volumes and revenues in most scenarios, an outcome we consider unlikely," Wasserstrom wrote. Square's stock has dropped 3.7% over the past three months as the S&P 500 has declined 10.9%
- Motley Fool
Here's My Top Stock to Buy in May
During market downturns like the recent coronavirus market crash, it's tempting for investors to spend most of their efforts sifting through beaten-down stocks in search of bargains. This is the case for Square (NYSE: SQ) -- a point-of-sale and financial technology company whose revenue growth has soared in recent years. Here's a closer look at why this growth stock is worth its premium price.
- Motley Fool
Emotional Control Is the Most Important Factor in Successful Investing
Many active investors buy stocks on the hope of scoring outsize returns by purchasing the next Apple or Tesla. They also might remember eras such as the dot-com bubble or the housing boom and assume that investing is a path to easy money.
- Motley Fool
3 Stocks That Can Make You Rich
Following an 11-year bull market, the past three months have been highly unnerving for investors. Since the broad-based S&P 500 hit an all-time closing high exactly three months ago, on Feb. 19, 2020, we've witnessed the highest volatility reading in the CBOE Volatility Index's history, and saw the S&P 500 decline 34% in just 33 calendar days. This was the fastest drop into bear market territory (as well as the quickest 30% decline) ever recorded.
- Motley Fool
Square Joins Twitter With Permanent Work-From-Home Option
Financial services company Square (NYSE: SQ) announced on Monday that it would permanently allow many of its employees to work from home, even after the pandemic ends. The move comes just a week after a similar announcement was made by social media platform Twitter (NYSE: TWTR). "We want employees to be able to work where they feel most creative and productive," a spokesperson for the fintech said.
- Reuters
Square joins Twitter in letting employees work from home permanently
"We want employees to be able to work where they feel most creative and productive," a Square spokesperson said in an emailed statement. Tech giants like Facebook Inc and Alphabet Inc's Google have allowed most of their employees to work remotely until the end of this year.
- Benzinga
Square Faces Risk From Struggling Smaller Businesses, BofA Says In Double Downgrade
Shares of Square Inc (NYSE: SQ) have gained around 28% year to date.Although the gradual reopening of the U.S. economy may be an incremental positive for brick-and-mortar merchants, small- and mid-sized companies have yet to witness a trough in churn, according to BofA Securities.The Square Analyst Jason Kupferberg downgraded Square from Buy to Underperform with an unchanged $84 price target. The Square Thesis While stimulus funds may provide temporary relief, a significant number of small- and mid-sized businesses may struggle to remain afloat, especially if the economy reopens only partially, Kupferberg said in the Monday downgrade note. (See his track record here.)Around 75% of Square's payment volume comes from merchants with less than $500,000 in annual card volume, the analyst said. Despite this backdrop, the stock has outperformed the S&P500 by around 4,000 basis points so far this year, he said. Although the consumer-facing Cash App business is performing well, the Seller segment represents around 70% of the company, Kupferberg said.The reopening of the US economy is uneven, creating uncertainty around a recovery in Square's gross payment volume, which the analyst said "will likely vary significantly across a range of spending categories."While expressing optimism over Square's competitive positioning in the long-term, BofA said wrote the stock "has moved too far and too fast relative to its near-term fundamental prospects."SQ Price Action Shares of Square were down 2.18% at $78.51 at the time of publication. Related Links: Along With Dramatic Jobs Data, Investors Scrutinize Recent Earnings From Uber, Square10 Biggest Price Target Changes For FridayPhoto courtesy of Square. Latest Ratings for SQ DateFirmActionFromTo May 2020Stephens & Co.DowngradesOverweightEqual-Weight May 2020B of A SecuritiesDowngradesBuyUnderperform May 2020BarclaysMaintainsOverweight View More Analyst Ratings for SQ View the Latest Analyst Ratings See more from Benzinga * Coca-Cola CFO Says Trough Will Come In Q2, Says Bullish Credit Suisse * BofA Downgrades Canada Goose On Projected Revenue Decline * Cantor Cuts Canopy Growth Target After Warrants Exercise(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
