Square (SQ) Receiving Somewhat Favorable Media Coverage, Report Finds

News coverage about Square (NYSE:SQ) has been trending somewhat positive recently, according to Accern Sentiment. The research firm identifies negative and positive press coverage by analyzing more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Square earned a media sentiment score of 0.24 on Accern’s scale. Accern also assigned headlines about the technology company an impact score of 46.0657509470233 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.

Here are some of the news headlines that may have effected Accern Sentiment’s analysis:

Square (NYSE:SQ) traded up $2.11 during midday trading on Tuesday, hitting $47.32. The stock had a trading volume of 18,051,149 shares, compared to its average volume of 7,658,935. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.81 and a quick ratio of 1.81. Square has a 1 year low of $12.08 and a 1 year high of $46.06.

Square (NYSE:SQ) last announced its quarterly earnings results on Wednesday, November 8th. The technology company reported $0.07 EPS for the quarter, beating analysts’ consensus estimates 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 analyst estimates of $244.95 million. During the same period in the prior year, the company earned $0.01 earnings per share. The firm’s revenue was up 44.6% on a year-over-year basis. equities research analysts predict that Square will post -0.16 earnings per share for the current fiscal year.

SQ has been the subject of a number of analyst reports. Deutsche Bank AG boosted their price target on Square to $28.00 and gave the company a “buy” rating in a research note on Monday, July 24th. Needham & Company LLC reaffirmed a “buy” rating and issued a $30.00 price target (up previously from $20.00) on shares of Square in a research note on Thursday, August 3rd. Zacks Investment Research raised Square from a “hold” rating to a “buy” rating and set a $30.00 price target for the company in a research note on Tuesday, August 1st. Stifel Nicolaus reissued a “buy” rating and set a $29.00 target price (up previously from $23.00) on shares of Square in a research note on Sunday, July 30th. Finally, BidaskClub downgraded Square from a “strong-buy” rating to a “buy” rating in a research note on Saturday, August 5th. Fifteen analysts have rated the stock with a hold rating and twenty-three have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $33.44.

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In other Square news, Director James Morgan Jr. Mckelvey sold 400,000 shares of the firm’s stock in a transaction on Monday, September 11th. The stock was 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 in the company, valued at approximately $13,811,019.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Ajmere Dale sold 20,286 shares of the firm’s 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 transaction, the insider now owns 134,518 shares in the company, valued at $5,262,344.16. The disclosure for this sale can be found here. Insiders sold a total of 1,394,791 shares of company stock valued at $45,611,401 over the last ninety days. Corporate insiders own 32.68% of the company’s stock.

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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