Square (NYSE:SQ) Hits New 1-Year High at $87.44

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Square, Inc. (NYSE:SQ) hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $87.44 and last traded at $86.90, with a volume of 10474043 shares. The stock had previously closed at $82.72.

A number of brokerages have issued reports on SQ. Compass Point downgraded Square from a “neutral” rating to a “sell” rating and set a $50.00 price target for the company. in a report on Tuesday, April 28th. Argus lifted their price target on Square from $80.00 to $90.00 and gave the stock a “buy” rating in a report on Monday, May 11th. SunTrust Banks lifted their price target on Square from $70.00 to $83.00 and gave the stock a “buy” rating in a report on Thursday, May 7th. KeyCorp lifted their price target on Square from $65.00 to $70.00 and gave the stock an “overweight” rating in a report on Tuesday, May 5th. Finally, Citigroup lifted their price target on Square from $50.00 to $66.00 and gave the stock a “neutral” rating in a report on Friday, May 8th. Five investment analysts have rated the stock with a sell rating, nineteen have issued a hold rating and seventeen have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $68.93.

The stock has a market capitalization of $35.62 billion, a price-to-earnings ratio of 131.30 and a beta of 2.67. The company has a debt-to-equity ratio of 1.17, a quick ratio of 2.19 and a current ratio of 2.19. The firm has a fifty day moving average of $70.44 and a 200-day moving average of $67.52.

Square (NYSE:SQ) last posted its quarterly earnings data on Wednesday, May 6th. The technology company reported ($0.02) earnings per share for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.15). The firm had revenue of $1.38 billion during the quarter, compared to analysts’ expectations of $1.30 billion. Square had a net margin of 5.99% and a return on equity of 0.44%. The business’s quarterly revenue was up 44.0% on a year-over-year basis. During the same period in the previous year, the company earned ($0.06) earnings per share. On average, analysts predict that Square, Inc. will post -0.44 EPS for the current year.

In other news, insider Jacqueline D. Reses sold 25,000 shares of the stock in a transaction dated Thursday, April 9th. The shares were sold at an average price of $60.00, for a total transaction of $1,500,000.00. Following the transaction, the insider now owns 228,525 shares of the company’s stock, valued at $13,711,500. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Sivan Whiteley sold 1,945 shares of the stock in a transaction dated Tuesday, April 7th. The stock was sold at an average price of $54.78, for a total transaction of $106,547.10. Following the transaction, the insider now directly owns 107,975 shares in the company, valued at approximately $5,914,870.50. The disclosure for this sale can be found here. Over the last three months, insiders sold 69,722 shares of company stock valued at $4,175,244. 19.90% of the stock is currently owned by corporate insiders.

Hedge funds have recently modified their holdings of the company. Stonebridge Financial Planning Group LLC bought a new position in shares of Square during the fourth quarter worth about $29,000. Americana Partners LLC bought a new position in shares of Square during the fourth quarter worth about $29,000. Balentine LLC bought a new position in shares of Square during the first quarter worth about $25,000. Shine Investment Advisory Services Inc. lifted its position in shares of Square by 316.7% during the first quarter. Shine Investment Advisory Services Inc. now owns 500 shares of the technology company’s stock worth $26,000 after purchasing an additional 380 shares during the last quarter. Finally, Acadian Asset Management LLC bought a new position in shares of Square during the fourth quarter worth about $34,000. 62.71% of the stock is currently owned by institutional investors and hedge funds.

Square Company Profile (NYSE:SQ)

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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