Square (SQ) Earning Somewhat Favorable Media Coverage, Analysis Finds

Media stories about Square (NYSE:SQ) have trended somewhat positive recently, Accern Sentiment Analysis reports. The research firm identifies negative and positive news coverage by monitoring more than 20 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 news sentiment score of 0.19 on Accern’s scale. Accern also gave news stories about the technology company an impact score of 44.9220921678507 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.

These are some of the news headlines that may have effected Accern Sentiment Analysis’s scoring:

Shares of Square (NYSE:SQ) opened at 31.32 on Wednesday. The firm’s market cap is $12.02 billion. The stock has a 50 day moving average of $27.72 and a 200 day moving average of $23.56. Square has a 12 month low of $10.88 and a 12 month high of $31.52.

Square (NYSE:SQ) last posted its quarterly earnings results on Wednesday, August 2nd. The technology company reported ($0.04) earnings per share for the quarter, topping the Zacks’ 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 business had revenue of $240.00 million for the quarter, compared to analysts’ expectations of $228.64 million. During the same period in the prior year, the company posted ($0.08) EPS. The business’s revenue for the quarter was up 40.4% on a year-over-year basis. On average, equities research analysts expect that Square will post $0.24 EPS for the current fiscal year.

A number of analysts have recently weighed in on the stock. Credit Suisse Group increased their price objective on shares of Square from $25.00 to $26.00 and gave the stock a “neutral” rating in a research note on Thursday, August 3rd. Barclays PLC reiterated an “overweight” rating and issued a $28.00 price objective (up previously from $21.00) on shares of Square in a research note on Thursday, August 3rd. KeyCorp reiterated an “overweight” rating on shares of Square in a research note on Tuesday, July 18th. Wedbush assumed coverage on shares of Square in a research note on Thursday, August 3rd. They issued a “neutral” rating and a $28.00 price objective on the stock. Finally, Craig Hallum reiterated a “hold” rating and issued a $23.00 price objective (up previously from $18.00) on shares of Square in a research note on Thursday, August 3rd. Twelve investment analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $25.48.

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In other news, Director James Morgan Jr. Mckelvey sold 400,000 shares of the company’s stock in a transaction on Monday, September 11th. The shares were sold at an average price of $27.22, for a total transaction of $10,888,000.00. Following the transaction, the director now directly owns 507,385 shares of the company’s stock, valued at approximately $13,811,019.70. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Sarah Friar sold 38,400 shares of the company’s stock in a transaction on Thursday, September 21st. The stock was sold at an average price of $28.36, for a total transaction of $1,089,024.00. Following the transaction, the chief financial officer now directly owns 366,103 shares in the company, valued at $10,382,681.08. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 972,800 shares of company stock worth $25,520,512. Corporate insiders own 32.68% of the company’s stock.

About Square

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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