Press coverage about Square (NYSE:SQ) has trended somewhat positive this week, according to Accern Sentiment Analysis. Accern identifies negative and positive media coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Square earned a news impact score of 0.02 on Accern’s scale. Accern also gave news coverage about the technology company an impact score of 42.8464073813528 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
These are some of the media stories that may have effected Accern Sentiment Analysis’s scoring:
Square (NYSE SQ) traded up $0.21 on Monday, hitting $38.30. 15,753,233 shares of the company’s stock traded hands, compared to its average volume of 9,224,552. Square has a twelve month low of $13.53 and a twelve month high of $49.56. 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 released its quarterly earnings data on Wednesday, November 8th. The technology company reported $0.07 EPS for the quarter, beating the consensus estimate of $0.05 by $0.02. Square had a negative net margin of 3.04% and a negative return on equity of 7.98%. The business had revenue of $257.12 million during the quarter, compared to the consensus estimate of $244.95 million. During the same quarter in the prior year, the firm earned $0.01 EPS. The business’s revenue was up 44.6% on a year-over-year basis. sell-side analysts forecast that Square will post -0.16 EPS for the current fiscal year.
A number of equities research analysts have recently issued reports on SQ shares. Zacks Investment Research raised shares of Square from a “hold” rating to a “buy” rating and set a $32.00 price objective for the company in a research report on Tuesday, October 3rd. Barclays boosted their price objective 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. Vetr downgraded shares of Square from a “buy” rating to a “hold” rating and set a $31.08 price objective for the company. in a research report on Wednesday, October 4th. Wells Fargo & Company started coverage on shares of Square in a research report on Tuesday, November 21st. They set a “market perform” rating and a $42.00 price objective for the company. Finally, Deutsche Bank boosted their price objective on shares of Square to $37.00 and gave the company a “buy” rating in a research report on Tuesday, October 31st. One analyst has rated the stock with a sell rating, fourteen have issued a hold rating and twenty-four have issued a buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $33.88.
In other news, CFO Sarah Friar sold 38,400 shares of the company’s stock in a transaction dated Thursday, September 21st. The shares were sold at an average price of $28.36, for a total transaction of $1,089,024.00. Following the sale, the chief financial officer now directly owns 366,103 shares in the company, valued at approximately $10,382,681.08. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Ajmere Dale sold 20,286 shares of the company’s stock in a transaction dated Monday, November 13th. The shares were sold at an average price of $39.12, for a total transaction of $793,588.32. Following the sale, the insider now owns 134,518 shares in the company, valued at $5,262,344.16. The disclosure for this sale can be found here. Insiders have sold a total of 1,129,827 shares of company stock valued at $41,081,434 in the last three months. Insiders own 32.68% of the company’s stock.
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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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