Square, Inc. (SQ) Insider Hillary B. Smith Sells 3,459 Shares

Square, Inc. (NYSE:SQ) insider Hillary B. Smith sold 3,459 shares of the firm’s stock in a transaction dated 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 sale, the insider now owns 641,154 shares of the company’s stock, valued at $24,972,948.30. The sale was disclosed in a document filed with the SEC, which is available through the SEC website.

Shares of Square, Inc. (NYSE:SQ) traded down $0.24 during mid-day trading on Wednesday, reaching $39.74. 11,563,801 shares of the company traded hands, compared to its average volume of 7,305,311. Square, Inc. has a 52 week low of $11.76 and a 52 week high of $40.50. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.81 and a current ratio of 1.81.

Square (NYSE:SQ) last issued its quarterly earnings results on Wednesday, November 8th. The technology company reported $0.07 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.05 by $0.02. The business had revenue of $257.12 million for the quarter, compared to analysts’ expectations of $244.95 million. Square had a negative net margin of 3.04% and a negative return on equity of 7.98%. The company’s revenue was up 44.6% compared to the same quarter last year. During the same quarter last year, the company posted $0.01 EPS. equities analysts predict that Square, Inc. will post -0.16 EPS for the current year.

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A number of research firms have issued reports on SQ. Citigroup Inc. lifted their price target on Square from $30.00 to $38.00 and gave the company a “buy” rating in a research note on Wednesday, October 18th. Vetr cut shares of Square from a “strong-buy” rating to a “buy” rating and set a $30.12 price target on the stock. in a report on Tuesday, September 12th. Zacks Investment Research raised shares of Square from a “hold” rating to a “buy” rating and set a $30.00 price target on the stock in a report on Tuesday, August 1st. Oppenheimer Holdings, Inc. assumed coverage on shares of Square in a report on Thursday, October 12th. They set an “outperform” rating and a $35.00 target price on the stock. Finally, Piper Jaffray Companies reissued a “hold” rating and set a $24.00 target price on shares of Square in a report on Wednesday, July 26th. Fourteen investment analysts have rated the stock with a hold rating and twenty-two have given a buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $32.28.

Several institutional investors have recently modified their holdings of SQ. FMR LLC boosted its stake in shares of Square by 114.7% during the 2nd quarter. FMR LLC now owns 23,888,617 shares of the technology company’s stock worth $560,427,000 after acquiring an additional 12,764,491 shares during the last quarter. Vanguard Group Inc. boosted its stake in shares of Square by 73.4% during the 2nd quarter. Vanguard Group Inc. now owns 19,034,862 shares of the technology company’s stock worth $446,558,000 after acquiring an additional 8,058,892 shares during the last quarter. BlackRock Inc. boosted its stake in shares of Square by 7,162.2% during the 1st quarter. BlackRock Inc. now owns 5,383,325 shares of the technology company’s stock worth $93,023,000 after acquiring an additional 5,309,197 shares during the last quarter. Goldman Sachs Group Inc. boosted its stake in shares of Square by 556.5% during the 2nd quarter. Goldman Sachs Group Inc. now owns 4,594,445 shares of the technology company’s stock worth $107,786,000 after acquiring an additional 3,894,639 shares during the last quarter. Finally, Capital World Investors boosted its stake in shares of Square by 32.8% during the 2nd quarter. Capital World Investors now owns 15,597,830 shares of the technology company’s stock worth $365,925,000 after acquiring an additional 3,853,000 shares during the last quarter. Institutional investors and hedge funds own 53.24% of the company’s stock.

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.

Insider Buying and Selling by Quarter for Square (NYSE:SQ)

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