Square, Inc. (NYSE:SQ) shares were up 5.4% during trading on Thursday . The stock traded as high as $74.22 and last traded at $73.60. Approximately 12,218,527 shares traded hands during trading, a decline of 10% from the average daily volume of 13,607,162 shares. The stock had previously closed at $69.81.

Several research analysts have commented on SQ shares. ValuEngine upgraded shares of Square from a “buy” rating to a “strong-buy” rating in a report on Tuesday, October 2nd. Deutsche Bank boosted their price target on shares of Square from $57.00 to $78.00 and gave the stock a “buy” rating in a report on Tuesday, July 24th. Stifel Nicolaus boosted their price target on shares of Square from $66.00 to $72.00 and gave the stock a “buy” rating in a report on Tuesday, July 31st. Needham & Company LLC upped their target price on shares of Square from $75.00 to $95.00 and gave the company a “buy” rating in a report on Thursday, November 8th. Finally, Goldman Sachs Group upped their target price on shares of Square from $77.00 to $108.00 and gave the company a “buy” rating in a report on Monday, October 8th. Three research analysts have rated the stock with a sell rating, fourteen have issued a hold rating, eighteen have given a buy rating and one has given a strong buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $81.17.

The stock has a market cap of $28.66 billion, a P/E ratio of -736.00 and a beta of 4.30. The company has a current ratio of 1.54, a quick ratio of 1.54 and a debt-to-equity ratio of 0.80.

Square (NYSE:SQ) last released its quarterly earnings results on Wednesday, November 7th. The technology company reported $0.13 EPS for the quarter, beating the consensus estimate of $0.11 by $0.02. Square had a negative net margin of 0.87% and a negative return on equity of 1.11%. The firm had revenue of $431.00 million during the quarter, compared to the consensus estimate of $414.19 million. During the same quarter in the prior year, the firm earned $0.07 EPS. Square’s revenue for the quarter was up 67.7% on a year-over-year basis. As a group, analysts expect that Square, Inc. will post -0.03 earnings per share for the current year.

In related news, CEO Jack Dorsey sold 103,035 shares of the company’s stock in a transaction on Wednesday, October 31st. The shares were sold at an average price of $71.78, for a total value of $7,395,852.30. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Sivan Whiteley sold 5,224 shares of the company’s stock in a transaction on Tuesday, October 2nd. The shares were sold at an average price of $99.41, for a total transaction of $519,317.84. Following the completion of the sale, the insider now owns 490,344 shares of the company’s stock, valued at approximately $48,745,097.04. The disclosure for this sale can be found here. In the last quarter, insiders sold 2,122,615 shares of company stock valued at $174,706,822. 27.99% of the stock is owned by insiders.

Hedge funds have recently added to or reduced their stakes in the stock. Regentatlantic Capital LLC purchased a new position in Square during the 3rd quarter worth $249,000. Checchi Capital Advisers LLC purchased a new position in Square during the 3rd quarter worth $284,000. Boston Family Office LLC purchased a new position in Square during the 2nd quarter worth $341,000. Cognios Capital LLC raised its position in Square by 18.2% during the 2nd quarter. Cognios Capital LLC now owns 24,549 shares of the technology company’s stock worth $1,513,000 after buying an additional 3,779 shares during the last quarter. Finally, Brighton Jones LLC raised its position in Square by 39.1% during the 2nd quarter. Brighton Jones LLC now owns 11,572 shares of the technology company’s stock worth $713,000 after buying an additional 3,251 shares during the last quarter. Hedge funds and other institutional investors own 51.16% of the company’s stock.

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Square Company Profile (NYSE:SQ)

Square, Inc provides payment and point-of-sale solutions in the United States and internationally. The company's commerce ecosystem includes point-of-sale software and hardware that enables sellers to turn mobile and computing devices into payment and point-of-sale solutions. It offers hardware products, including Magstripe reader, which enables swiped transactions of magnetic stripe cards; Contactless and chip reader that accepts EMV® chip cards and Near Field Communication payments; Chip card reader, which accepts EMV® chip cards and enables swiped transactions of magnetic stripe cards; Square Stand, which enables an iPad to be used as a payment terminal or full point of sale solution; and Square Register that combines its hardware, point-of-sale software, and payments technology, as well as managed payments solutions.

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