Square, Inc. (NYSE:SQ) hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $66.14 and last traded at $66.17, with a volume of 7240005 shares. The stock had previously closed at $64.48.

SQ has been the subject of several research analyst reports. Vetr raised Square from a “hold” rating to a “buy” rating and set a $57.03 price objective for the company in a research note on Monday, March 19th. Craig Hallum downgraded Square from a “hold” rating to a “sell” rating and set a $37.00 price objective for the company. in a research note on Friday, March 23rd. Evercore ISI reaffirmed an “outperform” rating and set a $67.00 price target on shares of Square in a research note on Monday, March 26th. Barclays raised their price target on Square from $43.00 to $51.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 28th. Finally, Buckingham Research raised their price target on Square from $52.00 to $55.00 and gave the stock a “buy” rating in a research note on Tuesday, April 3rd. Three research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and twenty-four have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $49.00.

The company has a debt-to-equity ratio of 0.45, a current ratio of 1.76 and a quick ratio of 1.76. The firm has a market cap of $25.84 billion, a P/E ratio of -659.60 and a beta of 4.32.

Square (NYSE:SQ) last issued its quarterly earnings data on Wednesday, May 2nd. The technology company reported $0.06 EPS for the quarter, beating the Zacks’ consensus estimate of $0.05 by $0.01. The business had revenue of $307.00 million for the quarter, compared to analyst estimates of $293.07 million. Square had a negative return on equity of 7.03% and a negative net margin of 2.96%. The firm’s revenue for the quarter was up 50.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.05 EPS. equities research analysts anticipate that Square, Inc. will post 0.01 earnings per share for the current year.

In other Square news, Director James Morgan Jr. Mckelvey sold 400,000 shares of the firm’s stock in a transaction that occurred on Monday, June 11th. The stock was sold at an average price of $61.56, for a total value of $24,624,000.00. Following the sale, the director now owns 468,223 shares of the company’s stock, valued at approximately $28,823,807.88. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Ajmere Dale sold 5,315 shares of the firm’s stock in a transaction that occurred on Monday, June 4th. The shares were sold at an average price of $61.13, for a total value of $324,905.95. Following the completion of the sale, the insider now directly owns 126,745 shares in the company, valued at approximately $7,747,921.85. The disclosure for this sale can be found here. Insiders sold a total of 1,289,515 shares of company stock worth $70,042,500 in the last ninety days. Insiders own 27.99% of the company’s stock.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in SQ. Whale Rock Capital Management LLC bought a new stake in shares of Square in the 1st quarter worth approximately $180,818,000. BlackRock Inc. lifted its position in shares of Square by 18.4% in the 4th quarter. BlackRock Inc. now owns 13,005,859 shares of the technology company’s stock worth $450,913,000 after acquiring an additional 2,024,019 shares during the period. UBS Asset Management Americas Inc. lifted its position in shares of Square by 458.6% in the 4th quarter. UBS Asset Management Americas Inc. now owns 1,962,828 shares of the technology company’s stock worth $68,051,000 after acquiring an additional 1,611,446 shares during the period. State Treasurer State of Michigan lifted its position in shares of Square by 82.2% in the 1st quarter. State Treasurer State of Michigan now owns 2,540,500 shares of the technology company’s stock worth $124,993,000 after acquiring an additional 1,146,219 shares during the period. Finally, Carillon Tower Advisers Inc. bought a new stake in shares of Square in the 4th quarter worth approximately $31,189,000. 51.91% of the stock is currently owned by hedge funds and other institutional investors.

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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