Square, Inc. (NYSE:SQ)’s share price gapped up prior to trading on Thursday . The stock had previously closed at $46.59, but opened at $48.06. Square shares last traded at $48.81, with a volume of 44557632 shares.

A number of equities analysts have commented on the company. Credit Suisse Group reissued a “neutral” rating and issued a $26.00 price objective (up previously from $25.00) on shares of Square in a research note on Wednesday, August 9th. Vetr lowered Square from a “buy” rating to a “hold” rating and set a $45.60 price objective on the stock. in a research note on Monday. Royal Bank Of Canada reissued an “outperform” rating and issued a $31.00 price objective (up previously from $24.00) on shares of Square in a research note on Wednesday, August 9th. Zacks Investment Research lowered Square from a “buy” rating to a “hold” rating in a research note on Tuesday, November 14th. Finally, Canaccord Genuity boosted their price objective on Square from $18.00 to $26.00 and gave the stock a “hold” rating in a research note on Thursday, August 3rd. Fifteen equities research analysts have rated the stock with a hold rating and twenty-three have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $33.44.

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

In other Square news, insider Ajmere Dale sold 20,286 shares of the stock in a transaction dated Monday, November 13th. The stock was sold at an average price of $39.12, for a total value of $793,588.32. Following the completion of the sale, the insider now directly owns 134,518 shares in the company, valued at $5,262,344.16. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Hillary B. Smith sold 3,459 shares of the stock in a transaction dated Friday, November 10th. The stock was sold at an average price of $38.95, for a total value of $134,728.05. Following the completion of the sale, the insider now owns 641,154 shares of the company’s stock, valued at $24,972,948.30. The disclosure for this sale can be found here. Insiders sold 1,337,191 shares of company stock valued at $44,138,761 over the last 90 days. Corporate insiders own 32.68% of the company’s stock.

Several institutional investors have recently made changes to their positions in the business. Teachers Advisors LLC grew its holdings in shares of Square by 11.6% during the first quarter. Teachers Advisors LLC now owns 256,516 shares of the technology company’s stock worth $4,433,000 after buying an additional 26,712 shares in the last quarter. Legal & General Group Plc grew its holdings in shares of Square by 2,210.9% during the first quarter. Legal & General Group Plc now owns 28,540 shares of the technology company’s stock worth $493,000 after buying an additional 27,305 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of Square by 12.9% during the first quarter. Geode Capital Management LLC now owns 230,557 shares of the technology company’s stock worth $3,984,000 after buying an additional 26,262 shares in the last quarter. BlackRock Inc. grew its holdings in shares of Square by 7,162.2% during the first quarter. BlackRock Inc. now owns 5,383,325 shares of the technology company’s stock worth $93,023,000 after buying an additional 5,309,197 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. grew its holdings in shares of Square by 101.7% during the first quarter. Schwab Charles Investment Management Inc. now owns 45,653 shares of the technology company’s stock worth $789,000 after buying an additional 23,021 shares in the last quarter. Institutional investors own 53.64% of the company’s stock.

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About Square

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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