Square Inc. (NYSE:SQ) insider Francoise Brougher sold 7,152 shares of the business’s stock in a transaction on Wednesday, October 26th. The stock was sold at an average price of $11.08, for a total transaction of $79,244.16. Following the sale, the insider now directly owns 100,133 shares in the company, valued at approximately $1,109,473.64. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Francoise Brougher also recently made the following trade(s): 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 transaction of $692,304.00.
Shares of Square Inc. (NYSE:SQ) opened at 11.14 on Monday. The firm has a 50-day moving average of $11.42 and a 200-day moving average of $10.96. Square Inc. has a 12 month low of $8.06 and a 12 month high of $15.91. The company’s market capitalization is $3.81 billion.
Square (NYSE:SQ) last announced its quarterly earnings results on Wednesday, August 3rd. The company reported ($0.08) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.11) by $0.03. The business had revenue of $439 million for the quarter, compared to analyst estimates of $406.93 million. Square had a negative net margin of 14.85% and a negative return on equity of 37.14%. The company’s revenue for the quarter was up 54.1% on a year-over-year basis. On average, equities analysts predict that Square Inc. will post ($0.60) earnings per share for the current year.
A number of analysts have weighed in on SQ shares. 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 research note on Thursday, August 4th. Vetr cut shares of Square from a “buy” rating to a “hold” rating and set a $9.34 price objective on the stock. in a research note on Monday, July 18th. Mizuho reissued a “buy” rating and issued a $16.00 price objective on shares of Square in a research note on Thursday, August 4th. Credit Suisse Group AG assumed coverage on shares of Square in a research note on Wednesday, October 19th. They issued a “neutral” rating and a $12.00 price objective on the stock. They noted that the move was a valuation call. Finally, Evercore ISI boosted their price objective on shares of Square from $7.00 to $8.00 and gave the stock a “hold” rating in a research note on Thursday, August 4th. Sixteen analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $12.72.
A number of large investors have recently made changes to their positions in the company. State Treasurer State of Michigan purchased a new stake in shares of Square during the second quarter worth about $102,710,000. Loomis Sayles & Co. L P purchased a new stake in shares of Square during the first quarter worth about $20,557,000. Vanguard Group Inc. raised its stake in shares of Square by 72.6% in the second quarter. Vanguard Group Inc. now owns 2,606,190 shares of the company’s stock worth $23,586,000 after buying an additional 1,095,830 shares during the period. Rizvi Traverse Management LLC raised its stake in shares of Square by 2,286.1% in the second quarter. Rizvi Traverse Management LLC now owns 1,048,620 shares of the company’s stock worth $9,490,000 after buying an additional 1,004,673 shares during the period. Finally, Point72 Asset Management L.P. purchased a new stake in shares of Square during the second quarter worth about $7,345,000. 16.97% of the stock is currently owned by institutional investors and hedge funds.