Trade Report: The 7,152 Shares of Stock are sold by Square Inc. (SQ) Insider Francoise Brougher

The 7,152 Shares of Stock are sold by Square Inc. (SQ) Insider Francoise Brougher

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.

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