Square Inc. (SQ) Insider Sells $24,156.86 in Stock
Square Inc. (NYSE:SQ) insider Francoise Brougher sold 2,042 shares of Square stock in a transaction dated Wednesday, November 16th. The stock was sold at an average price of $11.83, for a total value of $24,156.86. Following the completion of the transaction, the insider now directly owns 102,175 shares in the company, valued at approximately $1,208,730.25. The sale was disclosed in a document filed with the SEC, which is available at this link.
Francoise Brougher also recently made the following trade(s):
- On Friday, November 4th, Francoise Brougher sold 173,077 shares of Square stock. The stock was sold at an average price of $12.00, for a total value of $2,076,924.00.
- On Wednesday, October 26th, Francoise Brougher sold 7,152 shares of Square stock. The stock was sold at an average price of $11.08, for a total value of $79,244.16.
- On Wednesday, September 28th, Francoise Brougher sold 57,692 shares of Square stock. The stock was sold at an average price of $12.00, for a total value of $692,304.00.
Shares of Square Inc. (NYSE:SQ) opened at 12.22 on Friday. Square Inc. has a 12 month low of $8.06 and a 12 month high of $15.91. The company’s market capitalization is $4.30 billion. The firm has a 50-day moving average price of $11.56 and a 200-day moving average price of $10.71.
Square (NYSE:SQ) last released its quarterly earnings data on Tuesday, November 1st. The company reported ($0.09) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.11) by $0.02. Square had a negative return on equity of 31.99% and a negative net margin of 12.55%. The company earned $439 million during the quarter, compared to analysts’ expectations of $374.36 million. Square’s revenue was up 50.9% on a year-over-year basis. On average, equities research analysts predict that Square Inc. will post ($0.55) EPS for the current year.
Several hedge funds have recently added to or reduced their stakes in SQ. Jane Street Group LLC boosted its stake in Square by 128.9% in the third quarter. Jane Street Group LLC now owns 75,864 shares of the company’s stock worth $885,000 after buying an additional 42,723 shares during the last quarter. Blackstone Group L.P. acquired a new stake in Square during the third quarter worth about $14,943,000. Capital World Investors boosted its stake in Square by 131.4% in the third quarter. Capital World Investors now owns 10,813,575 shares of the company’s stock worth $126,086,000 after buying an additional 6,140,745 shares during the last quarter. The Manufacturers Life Insurance Company acquired a new stake in Square during the third quarter worth about $112,000. Finally, Analytic Investors LLC boosted its stake in Square by 103.7% in the third quarter. Analytic Investors LLC now owns 1,471,434 shares of the company’s stock worth $17,157,000 after buying an additional 749,102 shares during the last quarter. 20.66% of the stock is owned by institutional investors.
Several equities analysts have weighed in on SQ shares. Evercore ISI lifted their target price on Square from $7.00 to $8.00 and gave the company a “hold” rating in a research note on Thursday, August 4th. Compass Point lifted their target price on Square from $13.00 to $14.00 and gave the company a “buy” rating in a research note on Thursday, August 4th. Piper Jaffray Cos. reaffirmed a “neutral” rating and set a $11.50 target price (up previously from $10.00) on shares of Square in a research note on Friday, August 5th. Morgan Stanley lifted their target price on Square from $10.00 to $11.00 and gave the company an “equal weight” rating in a research note on Thursday, August 4th. Finally, Vetr cut Square from a “hold” rating to a “sell” rating and set a $11.29 target price on the stock. in a research note on Tuesday, November 8th. Fifteen investment analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $13.01.
Square Company Profile
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.