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.

A number of institutional investors have recently made changes to their positions in SQ. TCI Wealth Advisors Inc. lifted its position in Square by 171.5% during the fourth quarter. TCI Wealth Advisors Inc. now owns 524 shares of the technology company’s stock worth $29,000 after buying an additional 331 shares in the last quarter. Whitener Capital Management Inc. lifted its position in Square by 55.6% during the fourth quarter. Whitener Capital Management Inc. now owns 700 shares of the technology company’s stock worth $39,000 after buying an additional 250 shares in the last quarter. Capital Investment Advisory Services LLC purchased a new position in Square during the fourth quarter worth approximately $47,000. Ipswich Investment Management Co. Inc. purchased a new stake in Square in the fourth quarter valued at $48,000. Finally, River Wealth Advisors LLC purchased a new stake in Square in the fourth quarter valued at $51,000. Hedge funds and other institutional investors own 48.57% of the company’s stock.

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.

ILLEGAL ACTIVITY NOTICE: “Square, Inc. (SQ) Insider Jacqueline D. Reses Sells 15,000 Shares” was reported by TheOlympiaReport and is the sole property of of TheOlympiaReport. If you are viewing this piece on another domain, it was copied illegally and republished in violation of United States & international copyright & trademark law. The correct version of this piece can be accessed at https://theolympiareport.com/2019/02/08/square-inc-sq-insider-jacqueline-d-reses-sells-15000-shares.html.

About Square

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

Insider Buying and Selling by Quarter for Square (NYSE:SQ)

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.