Press coverage about Square (NYSE:SQ) has been trending somewhat positive this week, Accern Sentiment Analysis reports. The research group identifies positive and negative news coverage by reviewing more than twenty million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Square earned a daily sentiment score of 0.09 on Accern’s scale. Accern also gave press coverage about the technology company an impact score of 44.4450511983896 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
Here are some of the news stories that may have effected Accern Sentiment Analysis’s rankings:
- Stock to Watch: Square Inc (NYSE: SQ) – Alpha Beta Stock (alphabetastock.com)
- Square to Soar on Crypto Potential, Say Bulls – Investopedia (blog) (investopedia.com)
- How Square Cash Works and Makes Money (finance.yahoo.com)
- Why Is Square (SQ) Stock Surging Today? (finance.yahoo.com)
A number of equities analysts have commented on the stock. Vetr upgraded shares of Square from a “hold” rating to a “buy” rating and set a $56.24 price objective on the stock in a report on Tuesday. Piper Jaffray Companies reiterated a “hold” rating and issued a $45.00 price objective on shares of Square in a report on Thursday, March 1st. Guggenheim reiterated a “buy” rating and issued a $50.00 price objective on shares of Square in a report on Thursday, March 1st. Citigroup reiterated an “outperform” rating and issued a $52.00 price objective (up previously from $41.00) on shares of Square in a report on Thursday, March 1st. Finally, Canaccord Genuity boosted their price objective on shares of Square from $33.00 to $40.00 and gave the stock a “hold” rating in a report on Wednesday, February 28th. One investment analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and twenty-five have given a buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $42.68.
Square (NYSE:SQ) last announced its quarterly earnings data on Tuesday, February 27th. The technology company reported $0.08 earnings per share for the quarter, beating analysts’ consensus estimates of $0.07 by $0.01. Square had a negative net margin of 2.84% and a negative return on equity of 6.60%. The business had revenue of $616.04 million during the quarter, compared to the consensus estimate of $601.63 million. analysts expect that Square will post 0.02 earnings per share for the current fiscal year.
In related news, Director James Morgan Jr. Mckelvey sold 400,000 shares of the business’s stock in a transaction dated Tuesday, January 16th. The shares were sold at an average price of $39.79, for a total transaction of $15,916,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Ajmere Dale sold 1,451 shares of the company’s stock in a transaction dated Friday, January 5th. The stock was sold at an average price of $40.00, for a total transaction of $58,040.00. Following the completion of the transaction, the insider now owns 109,586 shares of the company’s stock, valued at approximately $4,383,440. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 1,025,177 shares of company stock valued at $43,040,753. 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.
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