Square Inc (NYSE:SQ) Director Mary G. Meeker sold 51,422 shares of the business’s stock in a transaction dated Friday, December 1st. The stock was sold at an average price of $38.25, for a total value of $1,966,891.50. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.
Shares of Square Inc (NYSE:SQ) traded up $0.73 during mid-day trading on Wednesday, reaching $37.60. The company had a trading volume of 21,276,100 shares, compared to its average volume of 9,001,033. Square Inc has a 52-week low of $13.03 and a 52-week high of $49.56. The company has a current ratio of 1.81, a quick ratio of 1.81 and a debt-to-equity ratio of 0.48.
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, topping the Zacks’ consensus estimate of $0.05 by $0.02. Square had a negative return on equity of 7.98% and a negative net margin of 3.04%. The firm had revenue of $257.12 million for the quarter, compared to analyst estimates of $244.95 million. During the same quarter in the prior year, the company posted $0.01 earnings per share. Square’s quarterly revenue was up 44.6% on a year-over-year basis. equities analysts predict that Square Inc will post -0.16 EPS for the current fiscal year.
A number of equities analysts have recently commented on the company. Vetr downgraded Square from a “buy” rating to a “hold” rating and set a $45.60 price objective for the company. in a research report on Monday, November 20th. Cantor Fitzgerald boosted their price objective on Square to $41.00 and gave the stock an “overweight” rating in a research report on Thursday, November 9th. Oppenheimer reissued a “buy” rating on shares of Square in a research report on Monday, November 20th. Royal Bank Of Canada reissued a “buy” rating and set a $31.00 price objective on shares of Square in a research report on Sunday, October 8th. Finally, Zacks Investment Research downgraded Square from a “buy” rating to a “hold” rating in a report on Wednesday, October 4th. One analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and twenty-four have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $33.82.
A number of hedge funds have recently made changes to their positions in SQ. Teachers Advisors LLC grew its holdings in Square by 11.6% during the first quarter. Teachers Advisors LLC now owns 256,516 shares of the technology company’s stock worth $4,433,000 after acquiring an additional 26,712 shares during the period. Geode Capital Management LLC grew its holdings in Square by 12.9% during the first quarter. Geode Capital Management LLC now owns 230,557 shares of the technology company’s stock worth $3,984,000 after acquiring an additional 26,262 shares during the period. Schwab Charles Investment Management Inc. grew its holdings in Square by 101.7% during the first quarter. Schwab Charles Investment Management Inc. now owns 45,653 shares of the technology company’s stock worth $789,000 after acquiring an additional 23,021 shares during the period. Bank of Montreal Can grew its holdings in Square by 3,894.2% in the second quarter. Bank of Montreal Can now owns 41,540 shares of the technology company’s stock valued at $974,000 after purchasing an additional 40,500 shares during the last quarter. Finally, Aperio Group LLC acquired a new stake in Square in the second quarter valued at $225,000. 54.31% of the stock is currently owned by hedge funds and other institutional investors.
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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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