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Square, Inc. (NYSE:SQ - Get Rating) insider Alyssa Henry sold 30,770 shares of Square stock in a transaction that occurred on Wednesday, June 29th. The shares were sold at an average price of $63.47, for a total transaction of $1,952,971.90. Following the completion of the sale, the insider now owns 433,543 shares of the company's stock, valued at $27,516,974.21. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Alyssa Henry also recently made the following trade(s): On Wednesday, June 22nd, Alyssa Henry sold 30,770 shares of Square stock. The shares were sold at an average price of $60.14, for a total transaction of $1,850,507.80. On Wednesday, June 15th, Alyssa Henry sold 30,770 shares of Square stock. The shares were sold at an average price of $62.60, for a total transaction of $1,926,202.00. On Wednesday, June 8th, Alyssa Henry sold 30,770 shares of Square stock. The shares were sold at an average price of $85.79, for a total transaction of $2,639,758.30. On Wednesday, May 25th, Alyssa Henry sold 30,770 shares of Square stock. The shares were sold at an average price of $76.44, for a total transaction of $2,352,058.80. On Wednesday, May 18th, Alyssa Henry sold 30,770 shares of Square stock. The stock was sold at an average price of $83.38, for a total transaction of $2,565,602.60. On Wednesday, May 11th, Alyssa Henry sold 30,770 shares of Square stock. The stock was sold at an average price of $80.86, for a total transaction of $2,488,062.20.
NYSE SQ traded up $2.44 on Friday, hitting $63.90. 15,192,250 shares of the company were exchanged, compared to its average volume of 20,121,850. The firm has a 50 day moving average of $81.22 and a two-hundred day moving average of $112.11. The company has a market cap of $37.07 billion, a P/E ratio of -409.71 and a beta of 2.38. The company has a current ratio of 1.97, a quick ratio of 1.97 and a debt-to-equity ratio of 0.26. Square, Inc. has a 1-year low of $56.01 and a 1-year high of $289.23.
Square (NYSE:SQ - Get Rating) last issued its quarterly earnings results on Thursday, May 5th. The technology company reported ($0.26) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.18) by ($0.08). The company had revenue of $3.96 billion for the quarter, compared to analyst estimates of $4.14 billion. Square had a positive return on equity of 0.74% and a negative net margin of 0.46%. The firm's quarterly revenue was down 21.7% on a year-over-year basis. During the same quarter last year, the company earned $0.41 EPS. Research analysts anticipate that Square, Inc. will post -0.7 EPS for the current fiscal year.
A number of institutional investors have recently added to or reduced their stakes in the business. Livforsakringsbolaget Skandia Omsesidigt lifted its position in Square by 42.4% during the 1st quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 4,700 shares of the technology company's stock valued at $637,000 after purchasing an additional 1,400 shares during the period. American Trust lifted its position in Square by 281.2% during the 1st quarter. American Trust now owns 7,761 shares of the technology company's stock valued at $1,052,000 after purchasing an additional 5,725 shares during the period. Verity Asset Management Inc. acquired a new position in Square during the 1st quarter valued at about $53,000. MUFG Securities EMEA plc acquired a new position in Square during the 1st quarter valued at about $6,066,000. Finally, Eudaimonia Partners LLC acquired a new position in Square during the 1st quarter valued at about $387,000. Institutional investors own 54.56% of the company's stock.
A number of brokerages have recently weighed in on SQ. Oppenheimer restated an "outperform" rating and issued a $150.00 price objective on shares of Square in a research note on Tuesday, May 17th. Truist Financial reduced their price objective on shares of Square from $145.00 to $105.00 and set a "buy" rating for the company in a research note on Thursday. Susquehanna Bancshares reduced their price objective on shares of Square from $240.00 to $160.00 in a research note on Tuesday, April 26th. StockNews.com upgraded shares of Square to a "sell" rating in a research note on Monday, June 20th. Finally, Jefferies Financial Group reduced their price objective on shares of Square from $155.00 to $140.00 in a research note on Wednesday, May 4th. One research analyst has rated the stock with a sell rating, four have given a hold rating and thirty-seven have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Square currently has an average rating of "Moderate Buy" and an average price target of $188.88.
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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