Square, Inc. (SQ) Insider Jacqueline D. Reses Sells 15,000 Shares
Square, Inc. (NYSE:SQ) insider Jacqueline D. Reses sold 15,000 shares of the firm’s stock in a transaction that occurred on Friday, February 1st. The shares were sold at an average price of $70.85, for a total value of $1,062,750.00. Following the completion of the sale, the insider now directly owns 405,252 shares in the company, valued at $28,712,104.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.
Shares of NYSE:SQ opened at $71.95 on Friday. The company has a current ratio of 1.54, a quick ratio of 1.54 and a debt-to-equity ratio of 0.80. The company has a market capitalization of $29.75 billion, a PE ratio of -719.50, a PEG ratio of 35.40 and a beta of 3.68. Square, Inc. has a 1 year low of $36.76 and a 1 year high of $101.15.
Square (NYSE:SQ) last announced its quarterly earnings data on Wednesday, November 7th. The technology company reported $0.13 EPS for the quarter, topping the Zacks’ consensus estimate of $0.11 by $0.02. Square had a negative return on equity of 1.11% and a negative net margin of 0.87%. The firm had revenue of $431.00 million for the quarter, compared to the consensus estimate of $414.19 million. During the same quarter last year, the business posted $0.07 earnings per share. The firm’s revenue was up 67.7% compared to the same quarter last year. Research analysts anticipate that Square, Inc. will post -0.02 EPS for the current fiscal year.
Several analysts have commented on the company. Raymond James lowered Square from a “market perform” rating to an “underperform” rating and set a $73.29 price objective on the stock. in a report on Tuesday, January 29th. ValuEngine raised Square from a “buy” rating to a “strong-buy” rating in a report on Friday, January 25th. Nomura reissued a “buy” rating and issued a $110.00 price objective (up from $108.00) on shares of Square in a report on Thursday, January 24th. Zacks Investment Research raised Square from a “hold” rating to a “buy” rating and set a $68.00 price objective on the stock in a report on Wednesday, January 9th. Finally, Wolfe Research raised Square from a “market perform” rating to an “outperform” rating in a report on Friday, January 4th. Three equities research analysts have rated the stock with a sell rating, eleven have given a hold rating, twenty-one have given a buy rating and one has issued a strong buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $83.55.
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.
See Also: Coverage Ratio
Receive News & Ratings for Square Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Square and related companies with MarketBeat.com's FREE daily email newsletter.