Square Inc. (NYSE:SQ) insider Francoise Brougher sold 57,692 shares of the firm’s stock in a transaction on Wednesday, September 28th. The stock was sold at an average price of $12.00, for a total value of $692,304.00. Following the completion of the transaction, the insider now owns 164,977 shares in the company, valued at approximately $1,979,724. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.
Square Inc. (NYSE:SQ) opened at 11.66 on Friday. Square Inc. has a 52 week low of $8.06 and a 52 week high of $15.91. The firm’s market capitalization is $3.98 billion. The firm has a 50-day moving average price of $11.75 and a 200 day moving average price of $11.28.
Square (NYSE:SQ) last announced its quarterly earnings data on Wednesday, August 3rd. The company reported ($0.08) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.11) by $0.03. Square had a negative return on equity of 37.14% and a negative net margin of 14.85%. The business had revenue of $439 million for the quarter, compared to the consensus estimate of $406.93 million. The firm’s revenue was up 54.1% compared to the same quarter last year. On average, equities research analysts forecast that Square Inc. will post ($0.60) earnings per share for the current fiscal year.
SQ has been the topic of a number of recent analyst reports. Vetr cut Square from a “strong-buy” rating to a “buy” rating and set a $9.81 price target on the stock. in a research report on Monday, July 11th. BTIG Research reiterated a “buy” rating and issued a $12.00 target price on shares of Square in a research report on Friday, July 8th. Royal Bank Of Canada reiterated a “buy” rating on shares of Square in a research report on Friday, June 17th. Compass Point lifted their target price on Square from $13.00 to $14.00 and gave the company a “buy” rating in a research report on Thursday, August 4th. Finally, Mizuho reiterated a “buy” rating and issued a $16.00 target price on shares of Square in a research report on Thursday, August 4th. Fifteen analysts have rated the stock with a hold rating, ten have assigned a buy rating and two have assigned a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $12.81.
Several institutional investors have recently made changes to their positions in SQ. Cambridge Investment Research Advisors Inc. acquired a new position in shares of Square during the second quarter valued at approximately $107,000. Ancora Inverness LLC purchased a new stake in Square during the second quarter worth approximately $109,000. Emerald Acquisition Ltd. purchased a new stake in Square during the second quarter worth approximately $115,000. Passport Capital LLC purchased a new stake in Square during the second quarter worth approximately $116,000. Finally, HighTower Advisors LLC purchased a new stake in Square during the second quarter worth approximately $121,000. Institutional investors and hedge funds own 16.89% of the company’s stock.
Square, Inc enables payment processing, and also offers financial and marketing services. The Company provides sellers various tools to start, run, manage and grow their businesses. It serves sellers of all sizes, ranging from a single vendor at a farmers’ market to multinational businesses. It serves as a payment service provider, acting as the touch point for the seller to the rest of the payment chain.
Receive News & Ratings for Square Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Square Inc. and related companies with MarketBeat.com's FREE daily email newsletter.