Square, Inc. (NYSE:SQ) insider Hillary B. Smith sold 3,459 shares of the stock in a transaction on Friday, November 10th. The shares were sold at an average price of $38.95, for a total value of $134,728.05. Following the completion of the transaction, the insider now directly owns 641,154 shares in the company, valued at approximately $24,972,948.30. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.
Shares of Square, Inc. (SQ) traded up $0.77 during trading hours on Tuesday, reaching $39.98. 14,398,300 shares of the company were exchanged, compared to its average volume of 7,285,865. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.81 and a quick ratio of 1.81. Square, Inc. has a 1 year low of $11.76 and a 1 year high of $40.19.
Square (NYSE:SQ) last announced its quarterly earnings data on Wednesday, November 8th. The technology company reported $0.07 EPS for the quarter, beating the Zacks’ consensus estimate of $0.05 by $0.02. The firm had revenue of $257.12 million during the quarter, compared to the consensus estimate of $244.95 million. Square had a negative net margin of 3.04% and a negative return on equity of 7.98%. The firm’s revenue was up 44.6% compared to the same quarter last year. During the same quarter last year, the firm earned $0.01 earnings per share. sell-side analysts anticipate that Square, Inc. will post -0.16 earnings per share for the current fiscal year.
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A number of large investors have recently made changes to their positions in the stock. Makena Capital Management LLC purchased a new position in Square in the second quarter valued at about $4,561,000. California Public Employees Retirement System increased its holdings in Square by 10.3% in the second quarter. California Public Employees Retirement System now owns 353,700 shares of the technology company’s stock valued at $8,298,000 after buying an additional 33,100 shares in the last quarter. Royce & Associates LP increased its holdings in Square by 55.6% in the second quarter. Royce & Associates LP now owns 235,000 shares of the technology company’s stock valued at $5,513,000 after buying an additional 84,000 shares in the last quarter. California State Teachers Retirement System increased its holdings in Square by 285.7% in the second quarter. California State Teachers Retirement System now owns 395,757 shares of the technology company’s stock valued at $9,284,000 after buying an additional 293,137 shares in the last quarter. Finally, Clal Insurance Enterprises Holdings Ltd increased its holdings in Square by 2.9% in the second quarter. Clal Insurance Enterprises Holdings Ltd now owns 3,190,200 shares of the technology company’s stock valued at $74,842,000 after buying an additional 90,200 shares in the last quarter. Hedge funds and other institutional investors own 53.24% of the company’s stock.
Several equities analysts recently commented on SQ shares. Citigroup Inc. increased their target price on Square from $30.00 to $38.00 and gave the company a “buy” rating in a report on Wednesday, October 18th. Vetr lowered Square from a “strong-buy” rating to a “buy” rating and set a $30.12 target price on the stock. in a report on Tuesday, September 12th. Zacks Investment Research raised Square from a “hold” rating to a “buy” rating and set a $30.00 target price on the stock in a report on Tuesday, August 1st. Oppenheimer Holdings, Inc. started coverage on Square in a report on Thursday, October 12th. They issued an “outperform” rating and a $35.00 target price on the stock. Finally, Piper Jaffray Companies reissued a “hold” rating and issued a $24.00 target price on shares of Square in a report on Wednesday, July 26th. Fourteen research analysts have rated the stock with a hold rating and twenty-two have given a buy rating to the stock. Square presently has a consensus rating of “Buy” and a consensus target price of $32.28.
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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