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 shares were sold at an average price of $35.12, for a total transaction 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Square Inc (NYSE SQ) traded up $1.14 during trading hours on Wednesday, reaching $37.31. 11,600,000 shares of the company’s stock were exchanged, compared to its average volume of 24,480,000. 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 Inc has a fifty-two week low of $13.66 and a fifty-two week high of $49.56. The company has a market cap of $14,500.00 and a P/E ratio of -219.47.

Square (NYSE:SQ) last posted its earnings results on Wednesday, November 8th. The technology company reported $0.07 EPS for the quarter, topping analysts’ consensus estimates of $0.05 by $0.02. Square had a negative net margin of 3.04% and a negative return on equity of 7.98%. The business had revenue of $257.12 million during the quarter, compared to the consensus estimate of $244.95 million. During the same quarter in the previous year, the firm posted $0.01 EPS. The firm’s revenue was up 44.6% on a year-over-year basis. equities analysts predict that Square Inc will post -0.15 earnings per share for the current year.

A number of large investors have recently bought and sold shares of the business. FMR LLC grew its position in Square by 114.7% in the 2nd quarter. FMR LLC now owns 23,888,617 shares of the technology company’s stock worth $560,427,000 after purchasing an additional 12,764,491 shares during the period. Vanguard Group Inc. grew its position in Square by 73.4% in the 2nd quarter. Vanguard Group Inc. now owns 19,034,862 shares of the technology company’s stock worth $446,558,000 after purchasing an additional 8,058,892 shares during the period. Capital World Investors grew its position in Square by 32.8% in the 2nd quarter. Capital World Investors now owns 15,597,830 shares of the technology company’s stock worth $365,925,000 after purchasing an additional 3,853,000 shares during the period. Allianz Asset Management GmbH grew its position in Square by 31.0% in the 3rd quarter. Allianz Asset Management GmbH now owns 13,302,170 shares of the technology company’s stock worth $383,235,000 after purchasing an additional 3,147,558 shares during the period. Finally, Renaissance Technologies LLC grew its position in shares of Square by 5.8% during the 2nd quarter. Renaissance Technologies LLC now owns 9,076,600 shares of the technology company’s stock valued at $212,937,000 after acquiring an additional 498,100 shares during the period. 54.20% of the stock is owned by institutional investors and hedge funds.

Several equities analysts have recently issued reports on the stock. Vetr lowered shares of Square from a “buy” rating to a “hold” rating and set a $45.60 target price for the company. in a report on Monday, November 20th. Cantor Fitzgerald lifted their target price on shares of Square to $41.00 and gave the company an “overweight” rating in a report on Thursday, November 9th. Oppenheimer reiterated a “buy” rating on shares of Square in a report on Monday, November 20th. Royal Bank of Canada reiterated a “buy” rating and set a $31.00 target price on shares of Square in a report on Sunday, October 8th. Finally, Zacks Investment Research lowered shares of Square from a “buy” rating to a “hold” rating in a report on Wednesday, October 4th. One equities research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and twenty-four have assigned a buy rating to the stock. Square presently has a consensus rating of “Buy” and an average target price of $34.45.

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About Square

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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