Shares of Square, Inc. (NYSE:SQ) reached a new 52-week high during trading on Wednesday . The stock traded as high as $40.74 and last traded at $40.68, with a volume of 18026859 shares changing hands. The stock had previously closed at $39.74.

SQ has been the topic of several analyst reports. Zacks Investment Research raised shares of Square from a “hold” rating to a “buy” rating and set a $32.00 price target on the stock in a research report on Tuesday, October 3rd. Barclays PLC lifted their price target on shares of Square from $28.00 to $37.00 and gave the company an “overweight” rating in a research report on Thursday, November 9th. KeyCorp reaffirmed an “overweight” rating on shares of Square in a research report on Tuesday, July 18th. Canaccord Genuity reaffirmed a “hold” rating and set a $26.00 price target (up previously from $18.00) on shares of Square in a research report on Wednesday, August 9th. Finally, Credit Suisse Group reaffirmed a “neutral” rating and set a $26.00 price target (up previously from $25.00) on shares of Square in a research report on Wednesday, August 9th. Fourteen equities research analysts have rated the stock with a hold rating and twenty-two have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $32.28.

The company has a quick ratio of 1.81, a current ratio of 1.81 and a debt-to-equity ratio of 0.48.

Square (NYSE:SQ) last issued its earnings results on Wednesday, November 8th. The technology company reported $0.07 EPS for the quarter, topping analysts’ consensus estimates of $0.05 by $0.02. The firm had revenue of $257.12 million during the quarter, compared to the consensus estimate of $244.95 million. Square had a negative net margin of 3.04% and a negative return on equity of 7.98%. The company’s revenue was up 44.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.01 earnings per share. equities analysts anticipate that Square, Inc. will post -0.16 EPS for the current year.

In related news, Director James Morgan Jr. Mckelvey sold 400,000 shares of the business’s stock in a transaction on Monday, November 13th. The shares were sold at an average price of $39.15, for a total value of $15,660,000.00. Following the completion of the sale, the director now directly owns 507,732 shares of the company’s stock, valued at $19,877,707.80. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CFO Sarah Friar sold 19,200 shares of the business’s stock in a transaction on Wednesday, August 23rd. The shares were sold at an average price of $25.54, for a total transaction of $490,368.00. Following the completion of the sale, the chief financial officer now directly owns 366,103 shares of the company’s stock, valued at $9,350,270.62. The disclosure for this sale can be found here. In the last quarter, insiders have sold 1,394,791 shares of company stock valued at $45,611,401. Insiders own 32.68% of the company’s stock.

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. FMR LLC lifted its position in Square by 114.7% in the second quarter. FMR LLC now owns 23,888,617 shares of the technology company’s stock valued at $560,427,000 after acquiring an additional 12,764,491 shares during the last quarter. Vanguard Group Inc. lifted its position in Square by 73.4% in the second quarter. Vanguard Group Inc. now owns 19,034,862 shares of the technology company’s stock valued at $446,558,000 after acquiring an additional 8,058,892 shares during the last quarter. Capital World Investors lifted its position in Square by 32.8% in the second quarter. Capital World Investors now owns 15,597,830 shares of the technology company’s stock valued at $365,925,000 after acquiring an additional 3,853,000 shares during the last quarter. Allianz Asset Management GmbH lifted its position in Square by 31.0% in the third quarter. Allianz Asset Management GmbH now owns 13,302,170 shares of the technology company’s stock valued at $383,235,000 after acquiring an additional 3,147,558 shares during the last quarter. Finally, Renaissance Technologies LLC lifted its position in Square by 5.8% in the second quarter. Renaissance Technologies LLC now owns 9,076,600 shares of the technology company’s stock valued at $212,937,000 after acquiring an additional 498,100 shares during the last quarter. 53.24% of the stock is owned by hedge funds and other institutional investors.

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Square Company Profile

Square, Inc (Square) is a commerce ecosystem. The Company enables its sellers start, run and grow their businesses. It combines software with hardware to enable sellers to turn mobile devices and computing devices into payments and point-of-sale solutions. Once a seller downloads the Square Point of Sale mobile application, they can take their first payment.

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