Square Inc (NYSE:SQ) shares were up 0.3% during mid-day trading on Thursday . The stock traded as high as $54.84 and last traded at $54.75. Approximately 8,563,238 shares were traded during trading, a decline of 45% from the average daily volume of 15,667,271 shares. The stock had previously closed at $54.61.
Several brokerages have recently weighed in on SQ. Morgan Stanley lifted their target price on shares of Square from $26.00 to $40.00 and gave the company a “hold” rating in a report on Tuesday, December 19th. They noted that the move was a valuation call. Goldman Sachs Group raised shares of Square to a “buy” rating in a report on Thursday, November 16th. BTIG Research downgraded shares of Square from a “neutral” rating to a “sell” rating and lifted their target price for the company from $12.38 to $30.00 in a report on Monday, November 27th. Vetr downgraded shares of Square from a “strong-buy” rating to a “buy” rating and set a $48.67 target price on the stock. in a report on Monday, January 29th. Finally, Wells Fargo & Co began coverage on shares of Square in a report on Tuesday, November 21st. They issued a “market perform” rating and a $42.00 target price on the stock. One analyst has rated the stock with a sell rating, thirteen have issued a hold rating and twenty-five have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $42.68.
The company has a debt-to-equity ratio of 0.46, a current ratio of 1.83 and a quick ratio of 1.83. The company has a market capitalization of $21,800.00 and a PE ratio of -323.47.
Square (NYSE:SQ) last announced its earnings results on Tuesday, February 27th. The technology company reported $0.08 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.07 by $0.01. The company had revenue of $616.04 million during the quarter, compared to analysts’ expectations of $601.63 million. Square had a negative net margin of 2.84% and a negative return on equity of 6.60%. analysts predict that Square Inc will post 0.02 earnings per share for the current year.
In other Square news, insider Ajmere Dale sold 5,272 shares of Square stock in a transaction dated Monday, March 5th. The shares were sold at an average price of $49.07, for a total transaction of $258,697.04. Following the completion of the transaction, the insider now owns 106,533 shares in the company, valued at $5,227,574.31. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Hillary B. Smith sold 1,551 shares of Square stock in a transaction dated Tuesday, January 2nd. The stock was 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 approximately $17,120,367.84. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 1,025,177 shares of company stock valued at $43,040,753. 32.68% of the stock is currently owned by company insiders.
Large investors have recently bought and sold shares of the company. Strs Ohio acquired a new position in shares of Square in the fourth quarter valued at approximately $110,000. Harvest Fund Management Co. Ltd acquired a new position in shares of Square in the fourth quarter valued at approximately $131,000. Livforsakringsbolaget Skandia Omsesidigt acquired a new position in shares of Square in the fourth quarter valued at approximately $139,000. American International Group Inc. acquired a new position in shares of Square in the fourth quarter valued at approximately $200,000. Finally, Commerce Bank acquired a new position in shares of Square in the fourth quarter valued at approximately $201,000. 52.21% of the stock is owned by institutional investors and hedge funds.
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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