Square (SQ) Receiving Somewhat Positive News Coverage, Study Shows

Media coverage about Square (NYSE:SQ) has trended somewhat positive this week, according to Accern. Accern rates the sentiment of media coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Square earned a media sentiment score of 0.10 on Accern’s scale. Accern also assigned news articles about the technology company an impact score of 44.0590481019996 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.

These are some of the media stories that may have effected Accern’s rankings:

A number of brokerages have issued reports on SQ. Credit Suisse Group reaffirmed a “positive” rating and issued a $37.00 target price (up from $31.00) on shares of Square in a research report on Monday, November 20th. Citigroup lowered Square from a “buy” rating to a “neutral” rating and set a $38.00 price target on the stock. in a research report on Thursday, November 9th. Cantor Fitzgerald upped their price target on Square to $41.00 and gave the company an “overweight” rating in a research report on Thursday, November 9th. Canaccord Genuity upped their price target on Square from $26.00 to $33.00 and gave the company a “hold” rating in a research report on Thursday, November 9th. Finally, Barclays upped their price target on Square from $28.00 to $37.00 and gave the company an “overweight” rating in a research report on Thursday, November 9th. One investment analyst has rated the stock with a sell rating, fourteen have issued a hold rating and twenty-five have given a buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $34.83.

Square (NYSE SQ) traded down $0.38 during trading hours on Monday, hitting $40.76. The stock had a trading volume of 26,618,944 shares, compared to its average volume of 23,360,000. Square has a 12 month low of $13.84 and a 12 month high of $49.56. The company has a market capitalization of $15,840.00 and a PE ratio of -239.76. 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 released its quarterly earnings results on Wednesday, November 8th. The technology company reported $0.07 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ 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 analysts’ expectations of $244.95 million. During the same quarter in the prior year, the business posted $0.01 earnings per share. The company’s revenue for the quarter was up 44.6% compared to the same quarter last year. equities analysts expect that Square will post -0.15 EPS for the current fiscal year.

In other news, insider Ajmere Dale sold 20,286 shares of the stock in a transaction on 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 transaction, the insider now owns 134,518 shares of the company’s stock, valued at $5,262,344.16. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Hillary B. Smith sold 1,551 shares of the stock in a transaction on Tuesday, January 2nd. The stock was sold at an average price of $35.12, for a total value of $54,471.12. Following the completion of the transaction, the insider now directly owns 487,482 shares of the company’s stock, valued at approximately $17,120,367.84. The disclosure for this sale can be found here. In the last three months, insiders sold 1,668,081 shares of company stock valued at $61,992,018. Company 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.

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

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