SeaCrest Wealth Management LLC Invests $364,000 in Square Inc (SQ) Stock

SeaCrest Wealth Management LLC purchased a new position in shares of Square Inc (NYSE:SQ) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 10,495 shares of the technology company’s stock, valued at approximately $364,000.

Several other large investors have also recently added to or reduced their stakes in SQ. Strs Ohio bought a new stake in shares of Square during the fourth quarter worth about $110,000. Harvest Fund Management Co. Ltd bought a new stake in shares of Square during the fourth quarter worth about $131,000. Livforsakringsbolaget Skandia Omsesidigt bought a new stake in shares of Square during the fourth quarter worth about $139,000. Hudock Capital Group LLC bought a new stake in shares of Square during the third quarter worth about $157,000. Finally, Northeast Investment Management bought a new stake in shares of Square during the third quarter worth about $205,000. Institutional investors own 54.66% of the company’s stock.

Square Inc (SQ) opened at $39.50 on Friday. Square Inc has a twelve month low of $13.84 and a twelve month high of $49.56. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.81 and a current ratio of 1.81.

Square (NYSE:SQ) last posted its quarterly earnings results on Wednesday, November 8th. The technology company reported $0.07 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.05 by $0.02. The firm had revenue of $257.12 million for the quarter, compared to analysts’ expectations of $244.95 million. Square had a negative return on equity of 7.98% and a negative net margin of 3.04%. The company’s revenue for the quarter was up 44.6% compared to the same quarter last year. During the same period in the prior year, the business earned $0.01 EPS. analysts predict that Square Inc will post -0.15 earnings per share for the current year.

In other news, Director Mary G. Meeker sold 51,422 shares of the company’s stock in a transaction that occurred on Friday, December 1st. The stock was sold at an average price of $38.25, for a total transaction of $1,966,891.50. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Sarah Friar sold 38,400 shares of the company’s stock in a transaction that occurred on Friday, January 19th. The stock was sold at an average price of $41.46, for a total value of $1,592,064.00. Following the transaction, the chief financial officer now directly owns 349,123 shares in the company, valued at $14,474,639.58. The disclosure for this sale can be found here. Insiders have sold a total of 1,648,627 shares of company stock worth $64,395,445 over the last 90 days. Company insiders own 32.68% of the company’s stock.

Several analysts have recently weighed in on SQ shares. Zacks Investment Research upgraded Square from a “hold” rating to a “buy” rating and set a $51.00 price target on the stock in a report on Tuesday, January 23rd. Barclays upped their target price on Square from $28.00 to $37.00 and gave the company an “overweight” rating in a report on Thursday, November 9th. Stephens reiterated a “buy” rating and issued a $41.00 target price on shares of Square in a report on Wednesday, January 10th. Wells Fargo & Co initiated coverage on Square in a report on Tuesday, November 21st. They issued a “market perform” rating and a $42.00 target price on the stock. Finally, Deutsche Bank upped their target price on Square to $37.00 and gave the company a “buy” rating in a report on Tuesday, October 31st. One analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and twenty-five have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $36.96.

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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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Institutional Ownership by Quarter for Square (NYSE:SQ)

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