Square Inc (NYSE:SQ) insider Hillary B. Smith sold 75,103 shares of the business’s stock in a transaction that occurred on Monday, December 18th. The stock was sold at an average price of $37.56, for a total value of $2,820,868.68. Following the sale, the insider now directly owns 563,798 shares in the company, valued at approximately $21,176,252.88. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.
Square Inc (NYSE SQ) traded up $1.46 during trading hours on Thursday, reaching $42.30. 21,020,000 shares of the company traded hands, compared to its average volume of 20,530,000. Square Inc has a 52-week low of $13.84 and a 52-week high of $49.56. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.81 and a quick ratio of 1.81. The firm has a market capitalization of $16,440.00 and a price-to-earnings ratio of -248.82.
Square (NYSE:SQ) last posted its quarterly earnings results on Wednesday, November 8th. The technology company reported $0.07 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.05 by $0.02. The firm had revenue of $257.12 million during the quarter, compared to analyst estimates of $244.95 million. Square had a negative net margin of 3.04% and a negative return on equity of 7.98%. The company’s quarterly revenue was up 44.6% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.01 earnings per share. equities research analysts expect that Square Inc will post -0.15 earnings per share for the current fiscal year.
A number of institutional investors have recently modified their holdings of the business. FMR LLC grew its stake in Square by 114.7% during the second quarter. FMR LLC now owns 23,888,617 shares of the technology company’s stock worth $560,427,000 after buying an additional 12,764,491 shares during the last quarter. Vanguard Group Inc. grew its stake in shares of Square by 73.4% during the second quarter. Vanguard Group Inc. now owns 19,034,862 shares of the technology company’s stock valued at $446,558,000 after purchasing an additional 8,058,892 shares during the last quarter. Capital World Investors grew its stake in shares of Square by 32.8% during the second quarter. Capital World Investors now owns 15,597,830 shares of the technology company’s stock valued at $365,925,000 after purchasing an additional 3,853,000 shares during the last quarter. Allianz Asset Management GmbH grew its stake in shares of Square by 31.0% during the third quarter. Allianz Asset Management GmbH now owns 13,302,170 shares of the technology company’s stock valued at $383,235,000 after purchasing an additional 3,147,558 shares during the last quarter. Finally, Renaissance Technologies LLC grew its stake in shares of Square by 5.8% during the second quarter. Renaissance Technologies LLC now owns 9,076,600 shares of the technology company’s stock valued at $212,937,000 after purchasing an additional 498,100 shares during the last quarter. 54.20% of the stock is currently owned by hedge funds and other institutional investors.
SQ has been the topic of several research reports. Zacks Investment Research raised Square from a “hold” rating to a “buy” rating and set a $32.00 price target on the stock in a report on Tuesday, October 3rd. Barclays boosted their target price on shares of Square from $28.00 to $37.00 and gave the company an “overweight” rating in a research note on Thursday, November 9th. Stephens reissued a “buy” rating and set a $41.00 target price on shares of Square in a research note on Wednesday. Vetr downgraded shares of Square from a “buy” rating to a “hold” rating and set a $31.08 target price on the stock. in a research note on Wednesday, October 4th. Finally, Wells Fargo & Co assumed coverage on shares of Square in a research note on Tuesday, November 21st. They set a “market perform” rating and a $42.00 target price on the stock. One investment analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and twenty-four have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $35.37.
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Square, Inc (Square) is a commerce ecosystem. The Company enables its sellers start, run and grow their businesses. It combines software with hardware to enable sellers to turn mobile devices and computing devices into payments and point-of-sale solutions. Once a seller downloads the Square Point of Sale mobile application, they can take their first payment.
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