Square Inc. (SQ) Insider Francoise Brougher Sells 57,692 Shares of Stock
Square Inc. (NYSE:SQ) insider Francoise Brougher sold 57,692 shares of the company’s stock in a transaction that occurred on Wednesday, September 28th. The stock was sold at an average price of $12.00, for a total transaction of $692,304.00. Following the sale, the insider now directly owns 164,977 shares in the company, valued at approximately $1,979,724. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.
Square Inc. (NYSE:SQ) opened at 11.66 on Friday. Square Inc. has a one year low of $8.06 and a one year high of $15.91. The firm has a 50-day moving average of $11.75 and a 200 day moving average of $11.28. The company’s market capitalization is $3.98 billion.
Square (NYSE:SQ) last announced its earnings results on Wednesday, August 3rd. The company reported ($0.08) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 firm had revenue of $439 million for the quarter, compared to analyst estimates of $406.93 million. The company’s revenue for the quarter was up 54.1% compared to the same quarter last year. Equities research analysts predict that Square Inc. will post ($0.60) earnings per share for the current fiscal year.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. TIAA CREF Investment Management LLC raised its position in shares of Square by 110.0% in the first quarter. TIAA CREF Investment Management LLC now owns 177,978 shares of the company’s stock worth $2,720,000 after buying an additional 93,239 shares during the period. BlackRock Inc. raised its position in shares of Square by 28.0% in the first quarter. BlackRock Inc. now owns 42,526 shares of the company’s stock worth $649,000 after buying an additional 9,309 shares during the period. BlackRock Group LTD raised its position in shares of Square by 22.9% in the first quarter. BlackRock Group LTD now owns 712,536 shares of the company’s stock worth $10,889,000 after buying an additional 132,994 shares during the period. State Street Corp raised its position in shares of Square by 32.9% in the first quarter. State Street Corp now owns 359,213 shares of the company’s stock worth $5,487,000 after buying an additional 89,007 shares during the period. Finally, Edmond DE Rothschild Holding S.A. acquired a new position in shares of Square during the first quarter worth about $206,000. Hedge funds and other institutional investors own 16.89% of the company’s stock.
SQ has been the topic of a number of analyst reports. Wedbush decreased their target price on shares of Square from $10.00 to $8.00 and set a “neutral” rating on the stock in a report on Thursday, August 4th. Vetr lowered shares of Square from a “buy” rating to a “hold” rating and set a $9.34 price target on the stock. in a report on Monday, July 18th. Mizuho reissued a “buy” rating and issued a $16.00 price target on shares of Square in a report on Thursday, August 4th. BTIG Research reissued a “buy” rating and issued a $12.00 price target on shares of Square in a report on Monday, June 20th. Finally, Evercore ISI increased their price target on shares of Square from $7.00 to $8.00 and gave the stock a “hold” rating in a report on Thursday, August 4th. Fifteen investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and two have issued a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $12.81.
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 & Stock 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 stocks with our FREE daily email newsletter.