Square (SQ) Earns Daily Coverage Optimism Score of 0.13

News coverage about Square (NYSE:SQ) has trended somewhat positive this week, Accern Sentiment reports. Accern ranks the sentiment of press coverage by monitoring more than 20 million blog and news sources in real-time. 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 sentiment score of 0.13 on Accern’s scale. Accern also assigned news stories about the technology company an impact score of 44.443409933568 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near term.

These are some of the news stories that may have impacted Accern Sentiment’s rankings:

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Several equities research analysts have issued reports on SQ shares. Vetr downgraded Square from a “strong-buy” rating to a “buy” rating and set a $51.48 price target for the company. in a report on Tuesday, February 27th. Zacks Investment Research upgraded Square from a “hold” rating to a “buy” rating and set a $51.00 price target for the company in a report on Tuesday, January 23rd. Nomura restated a “buy” rating and issued a $64.00 price target (up from $48.00) on shares of Square in a report on Friday, January 19th. Stephens restated a “buy” rating and issued a $41.00 price target on shares of Square in a report on Wednesday, January 10th. Finally, Barclays restated a “buy” rating and issued a $43.00 price target on shares of Square in a report on Friday, January 5th. Two equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and twenty-five have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $43.94.

SQ stock traded down $1.11 during mid-day trading on Monday, reaching $50.35. The company had a trading volume of 7,087,486 shares, compared to its average volume of 14,657,864. The company has a quick ratio of 1.83, a current ratio of 1.83 and a debt-to-equity ratio of 0.46. The company has a market cap of $20,396.48, a price-to-earnings ratio of -503.50 and a beta of 4.19. Square has a 52 week low of $17.58 and a 52 week high of $58.46.

Square (NYSE:SQ) last posted its quarterly earnings results on Tuesday, February 27th. The technology company reported $0.08 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.07 by $0.01. The firm had revenue of $616.04 million during the quarter, compared to the consensus estimate of $601.63 million. Square had a negative return on equity of 6.60% and a negative net margin of 2.84%. equities research analysts anticipate that Square will post 0.02 EPS for the current fiscal year.

In other news, Director James Morgan Jr. Mckelvey sold 400,000 shares of the firm’s stock in a transaction that occurred on Monday, April 16th. The stock was sold at an average price of $46.90, for a total value of $18,760,000.00. Following the completion of the sale, the director now directly owns 468,223 shares of the company’s stock, valued at $21,959,658.70. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Jacqueline D. Reses sold 15,000 shares of the firm’s stock in a transaction that occurred on Thursday, March 1st. The shares were sold at an average price of $45.18, for a total value of $677,700.00. Following the completion of the sale, the insider now directly owns 599,961 shares of the company’s stock, valued at $27,106,237.98. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 1,334,255 shares of company stock valued at $64,240,770. Corporate insiders own 32.68% of the company’s stock.

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About Square

Square, Inc provides payment and point-of-sale solutions in the United States and internationally. The company's commerce ecosystem includes point-of-sale software and hardware that enables sellers to turn mobile and computing devices into payment and point-of-sale solutions. It offers hardware products, including Magstripe reader, which enables swiped transactions of magnetic stripe cards; Contactless and chip reader that accepts Europay, MasterCard, and Visa (EMV) chip cards and Near Field Communication payments; Chip card reader, which accepts EMV chip cards and enables swiped transactions of magnetic stripe cards; Square Stand, which enables an iPad to be used as a payment terminal or full point of sale solution; and Square Register that combines its hardware, point-of-sale software, and payments technology, as well as managed payments solutions.

Insider Buying and Selling by Quarter for Square (NYSE:SQ)

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