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 dated 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 directly owns 487,482 shares of the company’s stock, valued at $17,120,367.84. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Shares of Square Inc (NYSE SQ) traded down $1.05 on Friday, hitting $41.25. 13,838,394 shares of the stock traded hands, compared to its average volume of 19,350,000. The company has a market capitalization of $16,030.00 and a price-to-earnings ratio of -242.65. Square Inc has a 52 week low of $13.84 and a 52 week high of $49.56. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.81 and a quick ratio of 1.81.

Square (NYSE:SQ) last issued its quarterly earnings data on Wednesday, November 8th. The technology company reported $0.07 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.05 by $0.02. The company had revenue of $257.12 million for the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same period in the prior year, the firm earned $0.01 earnings per share. sell-side analysts expect that Square Inc will post -0.15 EPS for the current year.

Several hedge funds have recently added to or reduced their stakes in the stock. FMR LLC grew its stake in shares of Square by 114.7% in the second quarter. FMR LLC now owns 23,888,617 shares of the technology company’s stock valued at $560,427,000 after acquiring an additional 12,764,491 shares in the last quarter. Vanguard Group Inc. grew its stake in shares of Square by 73.4% in the second quarter. Vanguard Group Inc. now owns 19,034,862 shares of the technology company’s stock valued at $446,558,000 after acquiring an additional 8,058,892 shares in the last quarter. Capital World Investors grew its stake in shares of Square by 32.8% in the second quarter. Capital World Investors now owns 15,597,830 shares of the technology company’s stock valued at $365,925,000 after acquiring an additional 3,853,000 shares in the last quarter. Allianz Asset Management GmbH grew its stake in shares of Square by 31.0% in the third quarter. Allianz Asset Management GmbH now owns 13,302,170 shares of the technology company’s stock valued at $383,235,000 after acquiring an additional 3,147,558 shares in the last quarter. Finally, Renaissance Technologies LLC grew its stake in shares of Square by 5.8% in the second 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 in the last quarter. Institutional investors and hedge funds own 54.20% of the company’s stock.

A number of equities analysts have weighed in on SQ shares. Morgan Stanley boosted their target price on shares of Square from $26.00 to $40.00 and gave the stock a “hold” rating in a research note on Tuesday, December 19th. They noted that the move was a valuation call. Citigroup lifted their price target on shares of Square from $30.00 to $38.00 and gave the stock a “buy” rating in a research report on Wednesday, October 18th. Goldman Sachs Group upgraded shares of Square to a “buy” rating in a research report on Thursday, November 16th. Oppenheimer initiated coverage on shares of Square in a research report on Thursday, October 12th. They set an “outperform” rating and a $35.00 price target for the company. Finally, Zacks Investment Research upgraded shares of Square from a “hold” rating to a “buy” rating and set a $32.00 price objective for the company in a report on Tuesday, October 3rd. One investment 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 company’s stock. The stock presently has an average rating of “Buy” and an average price target of $35.37.

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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.

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

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