Square, Inc. (NYSE:SQ) insider Ajmere Dale sold 2,658 shares of the stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $74.98, for a total transaction of $199,296.84. Following the completion of the sale, the insider now directly owns 74,526 shares in the company, valued at $5,587,959.48. The sale was disclosed in a filing with the SEC, which is available at this hyperlink.
Ajmere Dale also recently made the following trade(s):
- On Thursday, February 28th, Ajmere Dale sold 2,048 shares of Square stock. The shares were sold at an average price of $80.00, for a total transaction of $163,840.00.
Shares of SQ stock traded down $1.03 during mid-day trading on Thursday, hitting $74.11. The stock had a trading volume of 9,540,674 shares, compared to its average volume of 15,476,458. Square, Inc. has a fifty-two week low of $43.72 and a fifty-two week high of $101.15. The stock has a market capitalization of $30.64 billion, a PE ratio of 3,705.50, a price-to-earnings-growth ratio of 36.23 and a beta of 3.68. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.54 and a current ratio of 1.54.
Square (NYSE:SQ) last released its earnings results on Wednesday, February 27th. The technology company reported $0.14 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.14. Square had a negative net margin of 0.87% and a negative return on equity of 1.11%. The company had revenue of $464.00 million during the quarter, compared to analysts’ expectations of $453.88 million. During the same quarter last year, the business earned $0.08 EPS. The business’s revenue was up 64.0% on a year-over-year basis. Equities analysts forecast that Square, Inc. will post 0.09 earnings per share for the current fiscal year.
A number of research analysts recently commented on SQ shares. UBS Group downgraded shares of Square from a “positive” rating to a “neutral” rating in a research report on Thursday, November 8th. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $91.00 target price (up from $76.00) on shares of Square in a research report on Thursday, November 8th. Mizuho increased their target price on shares of Square from $90.00 to $95.00 and gave the company a “buy” rating in a research report on Thursday, November 8th. Needham & Company LLC increased their target price on shares of Square from $75.00 to $95.00 and gave the company a “buy” rating in a research report on Thursday, November 8th. Finally, Canaccord Genuity reaffirmed a “buy” rating and issued a $95.00 target price (up from $90.00) on shares of Square in a research report on Thursday, November 8th. They noted that the move was a valuation call. Three research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, twenty-one have given a buy rating and one has assigned a strong buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $83.83.
Hedge funds have recently added to or reduced their stakes in the company. Pearl River Capital LLC purchased a new position in shares of Square in the 4th quarter valued at about $28,000. Johnson Financial Group Inc. purchased a new position in shares of Square in the 4th quarter valued at about $28,000. TCI Wealth Advisors Inc. increased its holdings in shares of Square by 171.5% in the 4th quarter. TCI Wealth Advisors Inc. now owns 524 shares of the technology company’s stock valued at $29,000 after purchasing an additional 331 shares in the last quarter. Doyle Wealth Management purchased a new position in shares of Square in the 4th quarter valued at about $29,000. Finally, Rehmann Capital Advisory Group increased its holdings in shares of Square by 70.4% in the 4th quarter. Rehmann Capital Advisory Group now owns 588 shares of the technology company’s stock valued at $33,000 after purchasing an additional 243 shares in the last quarter. Institutional investors own 50.58% of the company’s stock.
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Square Company Profile
Square, Inc provides payment and point-of-sale solutions in the United States and internationally. The company's commerce ecosystem includes point-of-sale software and hardware that enables sellers to turn mobile and computing devices into payment and point-of-sale solutions. It offers hardware products, including Magstripe reader, which enables swiped transactions of magnetic stripe cards; Contactless and chip reader that accepts EMV® chip cards and Near Field Communication payments; Chip card reader, which accepts EMV® chip cards and enables swiped transactions of magnetic stripe cards; Square Stand, which enables an iPad to be used as a payment terminal or full point of sale solution; and Square Register that combines its hardware, point-of-sale software, and payments technology, as well as managed payments solutions.
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