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Square IPO

Old 06-20-2018, 10:04 AM
  #121  
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Old 07-19-2018, 11:43 AM
  #122  
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New all time high.

$71.22 : +$2.93 (+4.29%)

Reports Q2 2018 earnings July 31.

Analyst estimates
- EPS of $0.12
- Revenue of $368 million


https://www.cnbc.com/2018/07/19/cred...cent-on-i.html

Credit Suisse raises its price target for Square by more than 80%

19 July 2018

Square shares will thrive as the company expands to new markets and builds upon its core payments offering, according to Credit Suisse.

The firm raised its rating on Square's shares to outperform from neutral, citing the increasing breadth of its product offerings for merchants.

"SQ’s evolution from a payment company to a differentiated consumer and merchant services platform increases our conviction that the company can extend its business well beyond micro-merchants to include SMB and middle-market companies," analyst Paul Condra said in a note to clients Thursday entitled "The World Is Square." “SQ’s growing product eco-system is increasing its ability to penetrate larger merchants, expanding its payment opportunity while adding incremental subscription and service revenue opportunities.”

The company's shares rose 3.8 percent in Thursday’s session after the report.

Condra noted the company has added point of sale software offerings for restaurants, hardware products, customer relationship management, analytics and payroll software on top of its payments solution.

He estimates Square only has 3 to 4 percent market share of the $2 trillion in payment volume generated by global small- to medium-sized businesses.

“We view the core payment opportunity as very large,” he said. “We believe crypto currencies are not going away and expect that over time they are likely to find more applicable use cases. While this is a small opportunity currently, we view SQ as among a handful of companies - and the only public one – at the forefront of shaping the evolution of this industry.”

The analyst raised his price target to $81 from $44 for Square shares, representing 19 percent upside to Wednesday’s close.
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Old 07-19-2018, 06:07 PM
  #123  
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Originally Posted by doopstr View Post
Picked some up on the last pullback ~$35.
:sexy:
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Old 07-19-2018, 10:27 PM
  #124  
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aaanddd cue the...





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Old 07-19-2018, 11:32 PM
  #125  
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Could we be getting a repeating pattern? If it does repeat, it will get us close to $80. Not even close to being over bought on RSI and MACD

Going to buy Aug 17 $75 calls and sell Aug 17 $80 covered calls

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Old 07-30-2018, 11:45 AM
  #126  
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64.86 USD −5.01 (7.17%)



reports AMC on wednesday 8/1


funny enough CNBC says they report on 7/31
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Old 07-30-2018, 05:35 PM
  #127  
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Sold half of mine. Maybe i buy back cheaper.
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Old 07-30-2018, 06:30 PM
  #128  
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Yea I'll probably buy back on this one.

possibly after earnings.
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Old 07-30-2018, 09:07 PM
  #129  
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I sold all my shares at $70 after buying at $40 each. Didn't want to get too greedy, but now I am wondering if I want back in....
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Old 08-01-2018, 01:45 PM
  #130  
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$66.81 : +$2.16 (+3.34%)

Still long via stock and calls


https://www.marketwatch.com/story/sq...now-2018-07-30

Square earnings: Cash may Boost your wallet more than the company — for now

July 31, 2018

Square Inc. got its start by enabling small businesses to accept credit-card payments, but its future could be more focused on Cash.

The company’s consumer-oriented initiatives are centered on money-transfer platform Square Cash, which now lets users do more than just send money to friends. Cash has received a fair bit of attention in recent quarters because it’s where Square houses bitcoin trading, but other elements of the platform could be more interesting to users without cryptocurrency. Cash made debit cards widely available to users a good year before PayPal Holdings Inc.’s Venmo did, and during the second quarter, Square officially rolled out Boost, a program that gives discounts at popular food establishments in exchange for use of a Cash card.

With Boost, a user can choose one of a few discounts to take advantage of in a given day, including 15% off Chipotle Mexican Grill Inc. or Shake Shack Inc. purchases, or 5% off at Whole Foods Market. The deals are attractive, and Square will presumably lose money on them in the near future. The bigger goal, however, is to get (younger) users to conduct more of their spending on Square’s card. In that case, Square might still lose money on these discounts but earn transaction fees on purchases made with the Cash card at other merchants.

MarketWatch wrote about an early version of this program, which was then just focused on coffee, back in March. At the time, Mizuho analyst Thomas McCrohan estimated that if Square could use coffee discounts to convince 5% of coffee-drinking millennials to conduct their food-away-from-home spending on the Cash card, it would generate $100 million in incremental revenue for the company annually within two years.

“No other generation spends as much of their annual food budget on meals ‘away from home,’” wrote McCrohan, who has a buy rating and $75 price target on the stock.

Square’s latest efforts arguably make the program more broadly appealing, and Boost might eventually expand beyond the U.S. The company brought Cash to the U.K. earlier this year, though Boost isn’t available there yet. Management may share more of its long-term strategy for Cash and the consumer business when Square reports second-quarter results after the close on Wednesday.

Also of interest will be any new statistics on the overall Cash app user base. Instinet analyst Dan Dolev, who has an $82 price target on the shares, said that he saw an acceleration in Cash app downloads in May and June, based on his recent analysis.

Earnings: Following the completion of its Weebly acquisition, Square in June projected adjusted earnings per share of 9 cents to 11 cents for the second quarter, up from 7 cents a year earlier. Analysts surveyed by FactSet expect adjusted EPS of 11 cents on average. According to Estimize, which crowdsources estimates from hedge funds, academics and others, the average projection calls for 12 cents.

Revenue: Square expects to report revenue of $744 million to $764 million for the second quarter, up from $551.5 million a year earlier. The FactSet consensus estimate is for $777.8 million, while the Estimize consensus is for $783.4 million.

Square issued an adjusted revenue forecast of $362 million to $367 million when it updated its outlook back in June. The FactSet consensus calls for $366.4 million, up from $240.4 million in the year-ago quarter. Adjusted revenue subtracts transaction costs.

What else to watch for

Investors will be looking for updates on Square’s efforts to expand internationally. The company has operations in the U.K., Japan, Canada and Australia. Square Chief Financial Officer Sarah Friar said on a call with reporters last quarter that Square still had “a lot of work to do” in terms of building brand awareness in the U.K., though she said that events were helping the company boost its image in Australia.

Also in regards to the U.K., management may comment on a recent regulatory review taking place there. News of this review, which is in the early stages and focused on merchant acquirers, prompted a selloff earlier this week in shares of Square, Global Payments Inc. and other payments companies that process transactions on behalf of merchants.

Analysts generally deemed the selloff overblown, with at least one suggesting the review could actually help Square.

“While incumbent providers may face more of an uphill battle, we believe regulation could be positive for both Square and PayPal as they work to penetrate the brick-and mortar U.K. market,” wrote Credit Suisse analyst Paul Condra, who recently upgraded Square’s stock to outperform from neutral. He has a price target of $81 (a perfect square) on the stock.

Square’s Capital loan business will also be in focus when the company reports second-quarter results, especially since eBay Inc. and Square recently announced an arrangement through which eBay sellers would be able to access capital through Square.

“We believe the eBay/Square partnership will benefit both companies as the collaboration will enhance the financing process for eBay’s sellers as well as help Square expand its reach in non-Square merchant lending,” wrote Stifel analyst Scott Devitt, who rates the stock a buy. He raised his price target Monday to $72 from $66.
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Old 08-01-2018, 03:21 PM
  #131  
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​​​​​​After hours 66.39 −0.47 (0.70%)
  • EPS: 13 cents per share vs. 11 cents expected.
  • Revenue: $385 million vs. $367.6 million expected.
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Old 08-01-2018, 03:59 PM
  #132  
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$66.19 : -$0.67 (-1.00%)
After hours: 4:58PM EDT

Hopefully it recovers some. Overall, a solid quarter though expenses did rise again and they missed on Q3 adjust EPS guidance



https://s21.q4cdn.com/114365585/file...%94-Square.pdf

Net loss of $0.01 per share . . . improvement from net loss of $0.04 per share a year ago
Net loss of $6 million . . . improvement from net loss of $16 million a year ago

Adjusted Net Income Per Share (Adjusted EPS) was $0.13 based on 470 million weighted-average diluted shares for the second quarter of 2018, representing a $0.06 improvement year over year.

Adjusted revenue: $385 million . . . up 60% YoY from $240 million a year ago when adjusted revenue grew 41% YoY
Total net revenue: $815 million (includes $37 million of bitcoin revenue) . . . up 48% YoY from $552 million a year ago when net revenue grew 26% YoY

Gross payment volume: up 30% YoY to $21.4 billion

Transaction-based revenue : up 30% YoY to $625 million

Subscription and services-based revenue was $134 million on a GAAP basis in the second quarter of 2018, up 127% year over year. Adjusted Revenue from subscription and services-based revenue was $137 million in the second quarter, up 131% year over year. Growth was driven primarily by Instant Deposit, Caviar, Cash Card, and Square Capital, as well as acquisitions completed in the second quarter.

Hardware revenue in the second quarter of 2018 was $18 million, up 78% year over year, driven by Square Register and continued growth in Square Stand and Square Reader for contactless and chip.

Operating expenses were $318 million in the second quarter of 2018, up 45% year over year, representing 39% of total net revenue. Non-GAAP operating expenses were up 46% year over year, representing 65% of Adjusted Revenue.

We ended the second quarter of 2018 with $1.8 billion in cash, cash equivalents, restricted cash, and investments in marketable securities, up from $1.2 billion at the end of the first quarter of 2018.


Q3 2018 guidance
Adjust EPS: between +$0.08 per share and +$0.10 per share vs analyst estimates for $0.13 -- miss
Net per share loss between -$0.09 and -$0.07

Adjusted net revenue: between $407 million and $412 million vs analyst estimates for revenue between $350.1 million and $408.2 million -- beat
Total net revenue : between $840 million and $860 million


Raised FY2018 guidance

Based on our results in the second quarter, we are raising our full-year guidance for total net revenue and Adjusted Revenue to reflect the ongoing momentum of our business. Given the significant market opportunity ahead of us, we will continue to reinvest in our business to drive future growth and are therefore maintaining our full-year Adjusted EBITDA guidance.


Adjust EPS remains same at between +$0.42 per share and +$0.46 per share
Net per share loss now between -$0.21 and -$0.17 vs prior guidance of between -$0.28 and -$0.24 . . . . a $0.06 per share improvement

Adjusted net revenue now expected to be between $1.52 billion and $1.54 billion vs prior guidance of between $1.45 billion and $1.48 million
Total net revenue now expected $3.19 billion and $3.22 billion vs prior guidance of between $3.03 billion and $3.09 billion
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Old 08-02-2018, 08:57 AM
  #133  
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SQ: $70.09 : +$3.23 (+4.83%)
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Old 08-02-2018, 11:48 AM
  #134  
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fml


71.28 usd +4.42 (6.61%)
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Old 08-02-2018, 11:49 AM
  #135  
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Originally Posted by Mizouse View Post


aaaaaand its back.

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Old 08-02-2018, 05:16 PM
  #136  
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Originally Posted by doopstr View Post
Sold half of mine. Maybe i buy back cheaper.
They stole my shares!
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Old 08-02-2018, 05:57 PM
  #137  
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You boys are trying to time the market. Not too many people can do that! If you found a good stock/company - stick to it. The markets always go up and down, you know that already. But good solid companies have a tendency of coming back up after the sell off.... just stick to it and don’t panic if it goes down 4-10%...
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Old 08-14-2018, 05:02 PM
  #138  
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https://www.cnbc.com/2018/08/14/squa...hoo&yptr=yahoo

Square's stock jumps to all-time high after Cash app downloads surpass PayPal's Venmo

  • Cumulative downloads for the Cash app now total 33.5 million, exceeding Venmo's 32.9 million for the first time ever, analyst Dan Dolev told clients Tuesday.
  • "If the Cash App continues to grow rapidly, the business could reach or even exceed $100 million in sales by 2020, even without deeper active user penetration," Dolev wrote.
  • The analyst raised his revenue estimates for the company and adjusted his 12-month target higher to $86, implying 18.8 percent upside over the next year.
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Old 08-14-2018, 05:52 PM
  #139  
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Originally Posted by Mizouse View Post
74.97 USD +2.60 (3.59%)
Closed: Aug 14, 6:42 PM EDT
After hours 75.00 +0.030 (0.040%)
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Old 08-28-2018, 04:26 PM
  #140  
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Closed over $80. Glad I only sold half.
80.80+2.55 (+3.26%)
At close: 4:02PM EDT
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Old 08-28-2018, 05:24 PM
  #141  
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Originally Posted by Mizouse View Post

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Old 08-29-2018, 12:11 PM
  #142  
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Originally Posted by Mizouse View Post

85.45 USD +4.65 (5.75%)

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Old 09-25-2018, 02:17 PM
  #143  
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Originally Posted by Mizouse View Post

94.77 USD +8.73 (10.15%)
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Old 09-25-2018, 05:32 PM
  #144  
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Yup, they introduced a payroll service today. Payflex and ADP better take note.
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Old 10-08-2018, 12:01 PM
  #145  
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$84.26 : -$9.85 (-10.47%)

Buy the dip.

https://www.barrons.com/articles/thi...ove-1539005994

Square Stock Is Plunging After a Steadfast Bear Raised a New Alarm

Oct. 8, 2018 12:56 p.m. ET

Square’s most steadfast bear is increasingly worried about the company’s interest in the lending business. And Square stock plunged almost 10% in afternoon trading on Monday, putting it on track for its biggest one-day drop since Nov. 27, 2017.

BTIG analyst Mark Palmer expressed skepticism on Monday about the company’s latest move, which will let consumers obtain credit from Square (SQ) to make big-ticket purchases from some sellers. Square last week announced the launch of Installments, a customer-lending option that provides loans of $250 to $10,000 for those its algorithms deem creditworthy.

Palmer argued Monday that Installments “adds to Square’s overlooked credit risk.” He’s long been concerned about how Square Capital, which once just focused on merchant lending, would fare during a downturn.

“The company’s increasing dependence on the extension of credit to its customers to spur its growth has made its business model increasingly vulnerable to volatility in the credit markets,” Palmer wrote.

A Square spokesperson said that the main goal of Square Installments is to help the company’s sellers grow. The company also said that its risk management is based on real-time data and that the loans are typically of smaller sizes and shorter durations than traditional business loans.

Square Capital is a fast-growing area of the payment processor’s business, and the company said that it facilitated $390 million in loans during the June quarter, up 22% year-over-year. Capital is part of Square’s subscription-and-services segment, which grew revenue 127% in the company’s last-reported quarter.

Square’s “expanding dependence on credit as a driver of growth ultimately will weigh on its multiple,” Palmer wrote. He’s maintained his bearish stance throughout the stock’s big rally: He established his sell rating and $30 target back in late November, and the stock has more than doubled since then.

His price target is the lowest listed on FactSet. Just four of the 37 analysts who cover Square shares rate them at sell.

Also on Monday, Buckingham Research analyst Chris Brendler chimed in on the launch of Installments, taking a more positive view. The emergence of a consumer-lending product “only reinforces our previous bull case thesis” that Square’s high-margin services offerings will continue to drive substantial growth, he wrote.

Brendler kept his buy rating and $105 price target on the stock.
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Old 10-10-2018, 03:12 PM
  #146  
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CFO quit to take CEO job at Nextdoor
77.45-8.72 (-10.12%)
At close: 3:59PM EDT
74.10 -3.35 (-4.33%)
After hours: 4:11PM EDT


Maybe I get to buy back at 65 soon.
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Old 10-11-2018, 07:45 AM
  #147  
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Just placed an order for 60 shares. Hopefully it gets filled when the market opens.
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