Square, Inc. (NYSE:SQ) CEO Jack Dorsey sold 103,035 shares of the business’s stock in a transaction on Wednesday, August 22nd. The stock was sold at an average price of $76.02, for a total value of $7,832,720.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Jack Dorsey also recently made the following trade(s):

  • On Wednesday, August 15th, Jack Dorsey sold 103,035 shares of Square stock. The stock was sold at an average price of $73.93, for a total value of $7,617,377.55.

NYSE SQ traded up $1.06 on Friday, reaching $78.18. The company had a trading volume of 7,047,366 shares, compared to its average volume of 10,146,427. The company has a market capitalization of $31.37 billion, a PE ratio of -781.80 and a beta of 4.13. The company has a current ratio of 2.18, a quick ratio of 2.18 and a debt-to-equity ratio of 0.99. Square, Inc. has a 52 week low of $24.64 and a 52 week high of $78.47.

Square (NYSE:SQ) last released its quarterly earnings data on Wednesday, August 1st. The technology company reported $0.13 EPS for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.14. The business had revenue of $385.00 million during the quarter, compared to the consensus estimate of $367.99 million. Square had a negative return on equity of 3.18% and a negative net margin of 2.30%. The firm’s revenue was up 60.4% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.07 earnings per share. sell-side analysts predict that Square, Inc. will post -0.04 earnings per share for the current fiscal year.

A number of research firms have commented on SQ. Nomura boosted their price objective on Square from $82.00 to $86.00 and gave the stock a “buy” rating in a research note on Tuesday, August 14th. Buckingham Research raised Square from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $65.00 to $85.00 in a research note on Monday, August 6th. JPMorgan Chase & Co. boosted their price objective on Square to $60.00 and gave the stock an “overweight” rating in a research note on Thursday, August 2nd. Needham & Company LLC boosted their price objective on Square from $65.00 to $75.00 and gave the stock a “buy” rating in a research note on Thursday, August 2nd. Finally, Royal Bank of Canada upped their price target on Square to $82.00 and gave the company an “outperform” rating in a research note on Thursday, August 2nd. Four analysts have rated the stock with a sell rating, thirteen have given a hold rating and twenty have given a buy rating to the company. Square has a consensus rating of “Hold” and a consensus target price of $60.04.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Centaurus Financial Inc. bought a new stake in Square in the second quarter valued at about $100,000. Huntington National Bank increased its holdings in Square by 1,725.0% in the second quarter. Huntington National Bank now owns 1,825 shares of the technology company’s stock valued at $112,000 after purchasing an additional 1,725 shares during the last quarter. Envestnet Asset Management Inc. increased its holdings in Square by 1,476.2% in the first quarter. Envestnet Asset Management Inc. now owns 2,317 shares of the technology company’s stock valued at $114,000 after purchasing an additional 2,170 shares during the last quarter. Thompson Davis & CO. Inc. increased its holdings in Square by 736.7% in the second quarter. Thompson Davis & CO. Inc. now owns 2,510 shares of the technology company’s stock valued at $155,000 after purchasing an additional 2,210 shares during the last quarter. Finally, NewSquare Capital LLC bought a new stake in Square in the second quarter valued at about $196,000. Institutional investors and hedge funds own 50.56% of the company’s stock.

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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