SQ - Where to now?, page-17

Square, Inc. (NYSE:SQ)

Number of Hedge Fund Holders: 98
In Q3, Emerson Point Capital owns 135,434 shares in Square, Inc. (NYSE:SQ), valued at over $32.4 million. The company constitutes 4.87% of the hedge fund’s 13F portfolio. Square, Inc.

SQ announced its Q3 results on November 4 and reported a 55% YEAR OVER YEAR GROWTH in its subscription-based revenue at $695 million. The company’s total net revenue for the quarter stood at $3.84 billion, up 27% from the prior-year quarter.

Recently, Tigress Financial appreciated the company’s innovation and development of new products. The firm lifted its price target on Square, Inc. (NYSE:SQ) to $310, while maintaining a Buy rating on the shares. With a $1.46 billion worth of stake, Catherine Wood’s ARK Investment Management was the company’s largest shareholder in Q3.
RiverPark Funds mentioned Square, Inc. (NYSE:SQ) in its Q1 2021 investor letter. Here is what the firm has to say:
“We established a position in leading Financial Technology provider Square during the quarter. Through one integrated system, SQ is a hybrid of two businesses: its Seller Business (charging small and medium-sized businesses about 3% for transaction payment processing, plus other services such as instant funds access, and software for everything from customer engagement to payroll), and its Cash App (originally for person-to-person cash transfers and now a growing digital financial services provider for consumers).

The combined business has grown gross profit at a 37% CAGR over the past five years to $2.7 billion (due to pass through costs, gross profit is more reflective of top-line growth) and we believe that the company has an enormous long-term runway, as it has less than a 2% share of a more than $160 billion market.

It is our view that the company’s Cash App (which has grown from nothing in 2015 to $1.2 billion gross profit last year) has a particularly large opportunity with its powerful ecosystem of digital financial services including digital wallets, direct deposits, stock trading, bitcoin trading, and business and tax services, which are all relatively new. The vast majority of Cash App’s more than 36 million users are younger and, importantly, are willing to replace their bank and other financial services accounts with the app.

We estimate that the company can grow its gross profit more than 30% and EBITDA more than 50% annually for the foreseeable future, and while most of the company’s current profit is from its Seller Business, we believe most of Square’s future value will be from its Cash App business.”

These are the ACTUAL facts so make your own minds up on Square's potential future growth, profits and value and then after the above ADD Afterpay's potential future growth, profits and value on top of all this after the merger.

NOW DOWNRAMPERS GO AWAY WITH ALL YOUR CONSANT AND INCESSANT LIES