News stories about Square (NYSE:SQ) have been trending somewhat negative recently, Accern Sentiment Analysis reports. The research group identifies positive and negative media coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Square earned a coverage optimism score of -0.15 on Accern’s scale. Accern also gave media stories about the technology company an impact score of 43.9953869021622 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
Here are some of the media stories that may have effected Accern Sentiment Analysis’s rankings:
- Square, Inc. (SQ) Receives New Coverage from Analysts at Cantor Fitzgerald (americanbankingnews.com)
- Square Inc (SQ) Stock Wants to Breakout to New Highs Despite Year’s Gains – Investorplace.com (investorplace.com)
- Square, Inc. (SQ) Now Covered by Analysts at Bank of America Corporation (americanbankingnews.com)
- Square Inc (SQ) Stock Wants to Breakout to New Highs Despite Year’s Gains (investorplace.com)
- Square to Apply for Controversial Bank Charter | Corporate Counsel – Corporate Counsel (registration) (corpcounsel.com)
Shares of Square (NYSE:SQ) traded down 1.09% during midday trading on Tuesday, reaching $27.27. 6,133,930 shares of the company were exchanged. The firm’s 50 day moving average is $25.72 and its 200-day moving average is $21.73. The company’s market capitalization is $10.46 billion. Square has a 52-week low of $10.88 and a 52-week high of $27.97.
Square (NYSE:SQ) last issued its quarterly earnings results on Wednesday, August 2nd. The technology company reported ($0.04) EPS for the quarter, topping the consensus estimate of ($0.05) by $0.01. Square had a negative net margin of 4.13% and a negative return on equity of 12.41%. The firm had revenue of $240.00 million for the quarter, compared to analysts’ expectations of $228.64 million. During the same period in the previous year, the business earned ($0.08) earnings per share. Square’s revenue for the quarter was up 40.4% compared to the same quarter last year. On average, equities analysts forecast that Square will post $0.24 earnings per share for the current fiscal year.
A number of brokerages have commented on SQ. Credit Suisse Group restated a “neutral” rating and set a $26.00 price objective (up previously from $25.00) on shares of Square in a research report on Wednesday, August 9th. Royal Bank Of Canada restated an “outperform” rating and set a $31.00 price objective (up previously from $24.00) on shares of Square in a research report on Wednesday, August 9th. Vetr downgraded shares of Square from a “strong-buy” rating to a “buy” rating and set a $30.12 price objective for the company. in a research report on Tuesday. Canaccord Genuity upped their price objective on shares of Square from $18.00 to $26.00 and gave the stock a “hold” rating in a research report on Thursday, August 3rd. Finally, Barclays PLC restated an “overweight” rating and set a $28.00 price objective (up previously from $21.00) on shares of Square in a research report on Wednesday, August 9th. Twelve investment analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $24.87.
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In related news, CFO Sarah Friar sold 38,400 shares of Square stock in a transaction dated Friday, June 23rd. The stock was sold at an average price of $24.22, for a total value of $930,048.00. Following the transaction, the chief financial officer now owns 375,023 shares of the company’s stock, valued at approximately $9,083,057.06. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director James Morgan Jr. Mckelvey sold 400,000 shares of Square stock in a transaction dated Tuesday, August 15th. The stock was sold at an average price of $25.02, for a total value of $10,008,000.00. Following the completion of the transaction, the director now directly owns 507,385 shares in the company, valued at approximately $12,694,772.70. The disclosure for this sale can be found here. Over the last quarter, insiders sold 553,600 shares of company stock worth $13,928,064. 32.68% of the stock is 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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