Square, Inc. (NYSE:SQ) insider Ajmere Dale sold 4,096 shares of the company’s stock in a transaction dated Tuesday, September 4th. The shares were sold at an average price of $89.99, for a total value of $368,599.04. Following the sale, the insider now owns 93,255 shares in the company, valued at approximately $8,392,017.45. The sale was disclosed in a filing with the SEC, which is available through this link.
SQ stock traded up $1.74 during trading on Thursday, reaching $88.94. 206,289 shares of the stock were exchanged, compared to its average volume of 9,639,389. Square, Inc. has a twelve month low of $25.72 and a twelve month high of $91.64. The company has a debt-to-equity ratio of 0.99, a quick ratio of 2.18 and a current ratio of 2.18. The company has a market cap of $36.38 billion, a P/E ratio of -874.11 and a beta of 4.36.
Square (NYSE:SQ) last issued its quarterly earnings data on Wednesday, August 1st. The technology company reported $0.13 EPS for the quarter, topping the consensus estimate of ($0.01) by $0.14. The firm 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 company’s quarterly revenue was up 60.4% compared to the same quarter last year. During the same period in the prior year, the business posted $0.07 earnings per share. equities analysts predict that Square, Inc. will post -0.04 earnings per share for the current year.
Several brokerages recently commented on SQ. Guggenheim upped their target price on Square from $75.00 to $100.00 and gave the company a “buy” rating in a research report on Wednesday, August 29th. Stephens lowered Square from an “overweight” rating to an “equal weight” rating in a research report on Tuesday, June 26th. Royal Bank of Canada upped their target price on Square from $53.00 to $65.00 and gave the company an “outperform” rating in a research report on Wednesday, May 23rd. Nomura upped their target price on Square from $65.00 to $82.00 and gave the company a “buy” rating in a research report on Thursday, June 21st. Finally, JPMorgan Chase & Co. upped their target price on Square to $60.00 and gave the company an “overweight” rating in a research report on Thursday, August 2nd. Four investment analysts have rated the stock with a sell rating, thirteen have given a hold rating and twenty have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $60.89.
Several institutional investors have recently modified their holdings of SQ. Whale Rock Capital Management LLC purchased a new stake in shares of Square in the first quarter worth approximately $180,818,000. State Treasurer State of Michigan raised its stake in shares of Square by 82.2% in the first quarter. State Treasurer State of Michigan now owns 2,540,500 shares of the technology company’s stock worth $124,993,000 after purchasing an additional 1,146,219 shares during the last quarter. Hsbc Holdings PLC raised its stake in shares of Square by 121.7% in the first quarter. Hsbc Holdings PLC now owns 1,523,396 shares of the technology company’s stock worth $74,951,000 after purchasing an additional 836,256 shares during the last quarter. Lord Abbett & CO. LLC purchased a new stake in shares of Square in the first quarter worth approximately $40,131,000. Finally, American Century Companies Inc. raised its stake in shares of Square by 2,070.5% in the second quarter. American Century Companies Inc. now owns 827,790 shares of the technology company’s stock worth $51,025,000 after purchasing an additional 789,651 shares during the last quarter. 52.04% of the stock is 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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