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At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. Bram Berkowitz mainly writes in the financials bureau covering the banking sector. Buy Square Stock Now Before It Hits $300 SQ stock is a great buy down around $200 By Luke Lango , InvestorPlace Senior Investment Analyst Feb 1, 2021, 2:08 pm EDT February 1, 2021 Square (NYSE:SQ) has had as good a year as any in the financial sector. Square, Inc.(NYSE:SQ): Thanks to the growth of digital wallets, the fintech industry is growing exponentially. Square's stock is currently trading at a price to sales ratio around 7.3 times revenue estimates for the current year. While the multiples are high, the growth expectations for Square are sustainable because of the Cash App and because the company should see a bounce back within its seller's ecosystem. Prior to The Motley Fool, he wrote about and covered community and regional banks in New England for The Warren Group. On March 24, the company reduced its net revenue projections by $20 million to $40 million for the first quarter. The company also reported seeing an uptick in investing activity through its Cash App in equities and Bitcoin, as market volatility created additional trading opportunities. But as vaccines roll out in 2021, Square's seller ecosystem should see revenue climb back up. It should be a great investment for a long time to come. Just over a month ago I made a video on why I thought Square stock is a great investment and now the share price for SQ is up almost 50%. Stock Advisor launched in February of 2002. The industrial bank will allow Square to offer more deposit products and make more loans that are likely larger in size and duration. This will boost its value to its merchant clients, providing them with a one-stop shop, and should allow them to grow this segment of their business. He's covered mutual funds and institutional investments for Pensions & Investments, personal finance for S&P, and money markets and bonds for Crane Data. We know that hedge funds generate strong, risk-adjusted returns over the long run, therefore imitating the … Square (NYSE:SQ) has had as good a year as any in the financial sector. Founded in 1993 by brothers Tom and David Gardner, The Motley Fool helps millions of people attain financial freedom through our website, podcasts, books, newspaper column, radio show, and premium investing services. Square, Inc. SQ develops and provides payment and point-of-sale solutions in the U.S. and internationally. Out of 29 analysts, 11 ( 37.93% ) are recommending SQ as a Strong Buy, 8 ( 27.59% ) are recommending SQ as a Buy, 7 ( 24.14% ) are recommending SQ as a Hold, 1 ( 3.45% ) are recommending SQ as a Sell, and 2 ( 6.9% ) are … This valuation is more than … However, these clients should rebound after the pandemic subsides. @themotleyfool #stocks $SQ, This Growth Stock Could Be Worth a Trillion Dollars in the Next 5 Years, Forget Coinbase, Buy this Growth Stock Instead. It is ranked #3 of 47 stocks in the Consumer Financial Services industry. 1 like • 9 shares. A for Industry Rank. Up to date, shares marked a 37.48% profit since the beginning of this rally Returns as of 04/21/2021. Executives at Square said that deceleration would likely continue in April. Is Square Stock A Buy Right Now? For long-term investors, the answer is yes. This article represents the opinion of the writer, who may disagree with the “official” recommendation position of a Motley Fool premium advisory service. Stock Advisor launched in February of 2002. The first big innovation Square has relied upon in 2020 to drive record growth … Social distancing measures have hit many of its small business retail customers hard and put pressure on the company's gross payment volume (GPV) across several of its verticals. The company added that loan originations would likely slow, and the company would curb some of its discretionary spending by freezing hiring for non-essential positions. Is SQ Stock a Buy? Is Square (SQ) Stock A Buy Or Sell? Square’s Digital Shift. Currently, Square is trading at 6.4 times sales, and its price-to-book multiple is 21, indicating that investors are paying a big premium to own the stock today. A for Buy & Hold Grade. We’re motley! SQ | Complete Square Inc. Cl A stock news by MarketWatch. We’re motley! Square has certainly seen its stock price spike this year due to the pandemic. So, while Square may seem some short-term volatility in the new year, this fintech is transforming the banking and payments industries. Plus, Square received an industrial loan company (ILC) bank charter and expects to launch a bank in 2021 to provide loans to its sellers. This makes Square a direct competitor of Intuit's TurboTax, even though Square … Square, Inc. (SQ) Quote Overview » ... and a bulleted list of reasons to buy or sell the stock. However, to get that deal past antitrust regulators, it had to allow Square to buy Credit Karma Tax. While the company could not provide much short-term guidance for the second quarter or the rest of the year, it did have some positive takeaways during a conference call on March 24. But they also may be wary of jumping in now, given how high and how fast the stock has soared. Square stock is a buy based on the company's strong growth outlook. Is Square Inc stock A Buy? The 800+ hedge funds and famous money managers tracked by Insider Monkey have already compiled and submitted their 13F filings for … It also withdrew its yearly guidance. The best stocks tend to have an 80 or better RS Rating. When you consider that the company had been performing very well before the virus, and that it also recently received approval from federal and state regulators to open a bank, prospects for the company's long-term outlook are very positive. The digital payments company broke out in 2020, with its stock up 253% as we enter the last trading day of the year. B for Peer Grade. But let’s find out which of these stocks is a better buy now. But since revising its estimates, Square's stock has begun to rebound, with the share price rising from a low in March of $38 to now trading above $59 as of this writing. As investors think about their portfolios heading into 2021, they might be kicking themselves if they missed out on that growth. We believe it can be a better strategy to buy … On its conference call, the company said it was seeing a significant decline in GPV toward the end of March because Square's retail and food and drink retailers comprise 43% of the company's GPV. View real-time stock prices and stock quotes for a full financial overview. The long-term trends boosting Square and the market-leading position it enjoys are just too good. The only reason some might prefer PayPal stock over Square stock is because of its valuation. However, Square executives pointed out that about a quarter of its clients, most of which are in the professional services and home and repair industries, saw much less of an effect from the coronavirus and were holding more in line with previous payment and revenue projections. Square is a buy The company could struggle in the short term as revenues and GPV decline due to the effect of the coronavirus on food and drink and retail customers. Is Square a Good Investment? Dave has been a Fool since 2014. Revenue for the Cash App was up a whopping 574% year over year in the third quarter. The first question cautious investors will have about Square is: Is its run-up related primarily to the circumstances surrounding the pandemic, or is there more there? Credit Suisse Group published a buy rating for Square on Thursday, targeting $290.00 From the chart point view, price is drawing a scaled uptrend since early March with higher tops and higher bottoms. Square's Relative Strength Rating is 90 out of a best-possible 99, according to IBD Stock Checkup . @themotleyfool #stocks $SQ $PYPL, This Growth Stock Could Be Worth a Trillion Dollars in the Next 5 Years, Forget Coinbase, Buy this Growth Stock Instead. That number hit 13.4% in August, after spiking to 23% in April. The company could struggle in the short term as revenues and GPV decline due to the effect of the coronavirus on food and drink and retail customers. Related Storyboards. Cumulative Growth of a $10,000 Investment in Stock Advisor, Up 253% in 2020, Is Square Still a Buy? Square Stock Is Not Cheap Fundamentally, this is not a cheap stock but that is part of its charm. The consensus among 29 Wall Street analysts covering ( NYSE : SQ ) stock is to Buy SQ stock. Square has confirmed that its next quarterly earnings report will be published on Thursday, May 6th, 2021. While Square does offer loans right now, because it is not a bank, the company uses a third-party bank to originate the loan, which it then buys back from the bank and sells to third-party investors. At Stash, we don’t recommend trying to predict the market when buying investments. It also has the power to approve loans quickly because of all the data Square has on its customers provided through its other products. The company has already built up a huge ecosystem, providing millions of customers to cross-sell new financial service products to. As the market leader (along with PayPal's Venmo), the Cash App will benefit from that trend. As mentioned, the Cash App has been a cash cow, generating $2.1 billion in revenue in the third quarter, which accounts for about 70% of overall revenue. Square received more good news in March when the FDIC and Utah state banking regulators approved the company's bid to open an industrial bank, a process that first began in 2017. If managements of growth companies skimp … Copyright, Trademark and Patent Information. It is doubtful that Square's stock price will repeat the type of growth it saw in 2020, but, that said, this is a company that's poised to continuing growing in 2021 and for many years to come. We know that hedge funds generate strong, risk-adjusted returns over the long run, therefore imitating the picks that they are collectively bullish … Read more on yahoo.com. In February, before the pandemic, 5.4% of its sellers were mostly (95% or higher) cashless. Being able to originate its own loans would likely remove some of those origination fees from its supply chain and eventually allow the bank to make interest income from those loans if it wants to, although Square expects to keep selling loans to third-party investors. In the 10 days leading up to March 24, GPV was down 25% from the same 10 days in 2019. yahoo.com - Abigail Fisher • 31d. Should I Buy SQ Stock? Also, the percentage of cash transactions among its business clients fell to 33% in August from 40% the previous August -- a precipitous decline that Square officials expected three years to achieve. While the pandemic may have accelerated its growth, it was already on an upward trajectory. Square is one of the first fintech companies to successfully obtain a bank charter, which will help the company strengthen the financial services part of its business, an initiative that CEO Jack Dorsey says is very important. Square Inc holds several positive signals, but we still don't find these to be enough for a buy candidate. The meteoric growth has led to high multiples, as the price-to-earnings ratio is a ridiculously high 340 and the price-to-sales ratio is an equally inflated 14. The answer is yes on both counts. The company released a survey in September that showed a rise in the number of its seller or merchant clients that are going almost entirely cashless. Company executives also said on the conference call that gross profits in January and February were up 47% on a year-over-year basis. Dave mainly covers financial stocks, primarily banks and asset managers, and investment planning. Ultimately, the Cash App serves as a sort of bank for its buyer's ecosystem, as users can accept direct deposits, make payments, even invest in stocks. Square Is Back in the Food Delivery Business. Market data powered by FactSet and Web Financial Group. These customers will struggle to make revenue, and their cash flow will wane as a result, affecting Square's business. Founded in 1993 by brothers Tom and David Gardner, The Motley Fool helps millions of people attain financial freedom through our website, podcasts, books, newspaper column, radio show, and premium investing services. Why Was Square Stock Falling on Wednesday? Is Square (SQ) Stock A Buy Or Sell? Questioning an investing thesis -- even one of our own -- helps us all think critically about investing and make decisions that help us become smarter, happier, and richer. Square has generated $0.17 earnings per share over the last year and currently has a price-to-earnings ratio of 417.6. Square also has a lot of positive movement in other parts of its business, particularly with its Cash App and the bank charter it just received. The services that Square provides -- particularly its Cash App, which allows people to send and receive money without physical contact -- have become more necessary during these times of social distancing and working from home. The two giants in this space — Square, Inc. (SQ) and PayPal Holdings, Inc. (PYPL) — have already generated hefty returns for investors this year and may continue to soar due to the rapid adoption of digital payments. The payments and financial services company Square (NYSE:SQ) saw a decline in its stock price in March, not unlike most of the market. Questioning an investing thesis -- even one of our own -- helps us all think critically about investing and make decisions that help us become smarter, happier, and richer. Is Square Stock a good buy in 2021, according to Wall Street analysts? In the third quarter of 2019, for example, the Cash App accounted for 24% of revenue, while the seller side -- meaning its merchants services like Square Payroll, Square Register, and other services for sellers -- generated 72% of total revenue. Square will be holding an earnings conference call on Thursday, May 6th. In the age of the coronavirus and restaurants that … The digital product, which provides financial products and services to help individuals manage their money, brought in a record number of new customers organically. Have they missed out, or does Square still have further to fly? This article represents the opinion of the writer, who may disagree with the “official” recommendation position of a Motley Fool premium advisory service. Why Was Square Stock Falling on Wednesday? Cumulative Growth of a $10,000 Investment in Stock Advisor, Is Square Stock a Buy? Attention Amazon Shoppers: Here’s How to Save Money By FinanceBuzz. Additional deposit products will allow Square to bring in more cheap sources of capital. Square closed on Thursday at $263.08 after growing a 1.81%. Is SQ Stock Undervalued? So, with these metrics, is Square poised for a snapback in 2021? Is Square a Good Stock to Buy? Returns as of 04/21/2021. After a monstrous run, there is no shortage of investors who think SQ stock … Before the coronavirus threw global markets into turmoil, Square reported net income of $375 million in 2019 after four consecutive years in the red. Another thing that should put investors at ease is that Square has about $3.1 billion in available liquidity, which the company said is sufficient to weather volatility for the next two years. Square’s price can fluctuate throughout the course of each trading day—when you buy Square through Stash, we execute the market order during our next available trading window (we have two a day). Using a dollar-cost averaging methodology, you would buy $108,469 of Square stock at an average price of $90.39 a share. Revenue was down in 2020 due to the pandemic as merchants were hurt by shutdowns and social distancing. The company’s business grew instead of shrinking during the COVID-19 pandemic. Copyright, Trademark and Patent Information. A for Overall POWR Rating. The trend toward cashless payments is not going away; in fact, it should continue to rise as economies throughout the world gradually move away from cash over the next decade -- and beyond. Should you buy Square stock? The numbers bear this out. Is Square (SQ) A Good Stock To Buy Now? First, the Cash App will only continue to grow. The Cash App was a bright spot for Square in March. The digital payments company broke out in 2020, with its stock up 253% as we enter the last trading day of the … Growing fast is not easy to do on a budget. 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