News coverage about Square (NYSE:SQ) has been trending somewhat positive this week, Accern reports. Accern scores the sentiment of news coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Square earned a daily sentiment score of 0.10 on Accern’s scale. Accern also assigned news coverage about the technology company an impact score of 45.4949118609215 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
Here are some of the news articles that may have effected Accern Sentiment’s rankings:
- Bank of New York Mellon : Square, Inc. (SQ) Shares Sold by Bank of New York Mellon Corp (4-traders.com)
- Square : Investments in Infrastructure and Licensing Fuel 33% Growth for Barroco Grill* (4-traders.com)
- Inc. 5000 List: 17 Pittsburgh Companies Among Nation’s Fastest Growing (patch.com)
- Square : Which Pa. city has the best tippers in the U.S.? (4-traders.com)
Square (NYSE SQ) traded down 1.49% on Monday, hitting $24.46. The stock had a trading volume of 5,867,222 shares. Square has a one year low of $10.88 and a one year high of $27.97. The stock’s market cap is $9.39 billion. The stock’s 50 day moving average is $25.50 and its 200 day moving average is $20.60.
Square (NYSE:SQ) last released its earnings results on Wednesday, August 2nd. The technology company reported ($0.04) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.05) by $0.01. Square had a negative return on equity of 12.41% and a negative net margin of 4.13%. The firm had revenue of $240 million for the quarter, compared to the consensus estimate of $228.64 million. During the same period in the prior year, the business posted ($0.08) earnings per share. The firm’s revenue for the quarter was up 40.4% compared to the same quarter last year. Analysts anticipate that Square will post $0.24 earnings per share for the current year.
A number of equities analysts have issued reports on SQ shares. Credit Suisse Group lowered shares of Square from an “outperform” rating to a “neutral” rating and raised their price target for the stock from $20.00 to $25.00 in a research report on Friday, June 16th. Needham & Company LLC reissued a “buy” rating and set a $23.00 price target (up from $20.00) on shares of Square in a research report on Thursday, May 4th. Royal Bank Of Canada reduced their price target on shares of Square to $18.00 and set a “buy” rating for the company in a research report on Monday, April 24th. KeyCorp reissued an “overweight” rating on shares of Square in a research report on Tuesday, July 18th. Finally, Barclays PLC reissued an “overweight” rating and set a $28.00 price target (up from $21.00) on shares of Square in a research report on Wednesday, August 9th. Eleven research analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Square presently has a consensus rating of “Buy” and an average price target of $24.61.
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In other news, CEO Jack Dorsey sold 309,000 shares of the firm’s stock in a transaction dated Tuesday, May 30th. The stock was sold at an average price of $22.70, for a total value of $7,014,300.00. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Sarah Friar sold 38,400 shares of the firm’s stock in a transaction dated Tuesday, July 18th. The stock was sold at an average price of $26.39, for a total value of $1,013,376.00. Following the completion of the transaction, the chief financial officer now owns 368,791 shares in the company, valued at $9,732,394.49. The disclosure for this sale can be found here. Insiders have sold 933,400 shares of company stock worth $22,420,380 over the last quarter. 32.68% of the stock is currently owned by company insiders.
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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