Square Inc (SQ) Insider Hillary B. Smith Sells 1,551 Shares
Square Inc (NYSE:SQ) insider Hillary B. Smith sold 1,551 shares of Square stock in a transaction that occurred on Tuesday, January 2nd. The stock was sold at an average price of $35.12, for a total value of $54,471.12. Following the transaction, the insider now owns 487,482 shares of the company’s stock, valued at $17,120,367.84. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website.
Shares of Square Inc (SQ) traded up $0.73 during midday trading on Thursday, reaching $38.04. The company’s stock had a trading volume of 14,588,661 shares, compared to its average volume of 11,422,699. The firm has a market cap of $14,600.00 and a PE ratio of -223.76. 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 52-week low of $13.73 and a 52-week high of $49.56.
Square (NYSE:SQ) last announced its quarterly earnings data on Wednesday, November 8th. The technology company reported $0.07 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.05 by $0.02. The firm had revenue of $257.12 million during the quarter, compared to analysts’ expectations of $244.95 million. Square had a negative return on equity of 7.98% and a negative net margin of 3.04%. The company’s quarterly revenue was up 44.6% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.01 EPS. equities research analysts expect that Square Inc will post -0.15 earnings per share for the current fiscal year.
Hedge funds and other institutional investors have recently made changes to their positions in the business. Almanack Investment Partners LLC. acquired a new position in Square in the 2nd quarter valued at $117,000. Hudock Capital Group LLC acquired a new position in shares of Square during the 3rd quarter worth $157,000. Riverhead Capital Management LLC acquired a new position in shares of Square during the 2nd quarter worth $149,000. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of Square by 19.4% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,752 shares of the technology company’s stock worth $158,000 after buying an additional 1,099 shares in the last quarter. Finally, Prudential Financial Inc. acquired a new position in shares of Square during the 3rd quarter worth $205,000. 54.20% of the stock is owned by hedge funds and other institutional investors.
Several research analysts have recently commented on SQ shares. Morgan Stanley lifted their target price on Square from $26.00 to $40.00 and gave the stock a “hold” rating in a research note on Tuesday, December 19th. They noted that the move was a valuation call. Citigroup lifted their target price on Square from $30.00 to $38.00 and gave the stock a “buy” rating in a research note on Wednesday, October 18th. Vetr downgraded Square from a “strong-buy” rating to a “buy” rating and set a $30.12 target price for the company. in a research note on Tuesday, September 12th. Goldman Sachs Group upgraded Square to a “buy” rating in a research note on Thursday, November 16th. Finally, Oppenheimer started coverage on Square in a research note on Thursday, October 12th. They issued an “outperform” rating and a $35.00 price target for the company. One investment analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and twenty-five have given a buy rating to the company. Square has an average rating of “Buy” and a consensus price target of $34.66.
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Square Company Profile
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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