Square, Inc. (NYSE:SQ) Analyst Estimates
Square, Inc. (NYSE:SQ) stock is presently standing at about $16.93 and lots of equity research firms seem to have a target price set on the stock. The median one-year price target of 26 analysts covering the company is $18.00, which suggests the stock could still rise over 6 percent. The highest analyst price target is $21.00, which implies a rally of 76 percent. And a quick view of analyst notes show that 10 are rating the stock a buy while 6 rate SQ a strong buy. There are 11 equity research firms advocating a Hold and 0 consider it Sell.
Susquehanna analysts provided their view on Square, Inc. (NYSE:SQ) recently. The rating firm issued a Positive rating to this company in a research note released on Feb 24, 2017. Citigroup analysts disclosed their opinion on Square, Inc. (NYSE:SQ) recently. The rating firm gave a Buy rating to this stock in a research note published on Feb 17, 2017. According to a research note disclosed on Dec 20, 2016, analysts at Nomura have lowered their rating on these shares from to Buy.
Square, Inc. (NYSE:SQ) Transactions Roundup
Several insiders were part of recent insider activity for the stock. Its President, CEO & Chairman, 10% Owner Dorsey Jack sold 381,500 company shares for 6382500, in a transaction on 2017-03-07. Following the transaction, the President, CEO & Chairman, 10% Owner is left with a stake of 0 shares, currently valued at $0. Meanwhile, 10% Owner Khosla Ventures III, L.P. sold 1,000,000 shares worth $17300000, through a transaction dated 2017-03-02. Following the completion of the transaction, the insider is left with a stake of 1,670,271 shares, amounting $28277688.03. SQ Business Lead Brougher Francoise also sold 115,385 shares, at a stock price of $16.91. This transaction occurred on 2017-02-23 totals $1951160. After this transaction, the insider’s stake stands at 92,981 shares, with a market value of $1574168.
Executives hold 0.48 percent of the stock. Ms. Hillary B. Smith is one of the biggest insider owners in Square, Inc. (NYSE:SQ), according to U.S. Securities and Exchange Commission (SEC) filings. The insider owns 600,000 shares which have current market value of around $10158000.Mr. Dana Wagner is another major inside shareholder in the company. The insider owns 264,401 shares as of less than 0.1%, currently worth $4476308.93. Ms. Alyssa Henry is ranked as third insider holder of the stock. This insider holds 215,313 shares with a market value around $3645249.09 as of recent close.
Square, Inc. (NYSE:SQ) Earnings Outlook
In Square, Inc. (NYSE:SQ)’s latest quarter, EPS moved to $-0.04 from $-0.09 in preceding quarter and revenues reached at $451.92M compared to $439.00M. Analysts had expected Square, Inc. (NYSE:SQ) to post net income of about $-0.09 per share on $449.60M in revenue. Looking ahead, analysts on average predict that earnings for the current quarter would come in in the range of $-0.09 to $-0.06. That is compared with the $-0.14 in EPS it reported during the same period a year ago.