Square (SQ) Given Media Sentiment Score of -0.15
Media stories about Square (NYSE:SQ) have trended somewhat negative recently, according to Accern Sentiment Analysis. The research firm scores the sentiment of press coverage by reviewing more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Square earned a media sentiment score of -0.15 on Accern’s scale. Accern also gave news articles about the technology company an impact score of 42.5088003325567 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
These are some of the media stories that may have impacted Accern Sentiment’s scoring:
- Tucson Real Estate: Pinkberry yogurt coming to Marana Marketplace (tucson.com)
- Hawks Group To Open 2nd Office At Cambridge Square (chattanoogan.com)
- Bordering on Key Levels: Freeport-McMoRan Inc. (FCX), Square, Inc. (SQ) – Market Movers (financialqz.com)
- 2 Stocks to Track: Freeport-McMoRan Inc. (NYSE), Square, Inc. (NYSE) – The Oracle Examiner (oracleexaminer.com)
- Hot Tickers: Freeport-McMoRan Inc. (FCX), Square, Inc. (SQ) – Market Movers (financialqz.com)
Several brokerages have recently weighed in on SQ. Stephens reiterated a “buy” rating and issued a $41.00 price target on shares of Square in a research report on Wednesday, January 10th. Zacks Investment Research cut Square from a “buy” rating to a “hold” rating in a research report on Tuesday, September 26th. KeyCorp lifted their price objective on Square from $29.00 to $32.00 and gave the company an “overweight” rating in a research note on Tuesday, October 3rd. Royal Bank of Canada reissued a “buy” rating and set a $31.00 price objective on shares of Square in a research note on Sunday, October 8th. Finally, Barclays reissued a “buy” rating and set a $43.00 price objective on shares of Square in a research note on Friday, January 5th. One investment analyst has rated the stock with a sell rating, fourteen have issued a hold rating and twenty-four have issued a buy rating to the company. Square has an average rating of “Buy” and a consensus price target of $35.37.
Shares of Square (SQ) traded down $1.93 during mid-day trading on Tuesday, reaching $39.32. The company’s stock had a trading volume of 17,321,304 shares, compared to its average volume of 17,922,580. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.81 and a current ratio of 1.81. Square has a 52-week low of $13.84 and a 52-week high of $49.56. The company has a market capitalization of $15,280.00 and a price-to-earnings ratio of -231.29.
Square (NYSE:SQ) last issued its quarterly earnings results on Wednesday, November 8th. The technology company reported $0.07 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate 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 firm had revenue of $257.12 million during the quarter, compared to analyst estimates of $244.95 million. During the same quarter in the previous year, the company posted $0.01 earnings per share. The company’s revenue was up 44.6% compared to the same quarter last year. equities analysts expect that Square will post -0.15 earnings per share for the current fiscal year.
In other news, insider Ajmere Dale sold 1,451 shares of the business’s stock in a transaction dated Friday, January 5th. The stock was sold at an average price of $40.00, for a total value of $58,040.00. Following the completion of the sale, the insider now owns 109,586 shares of the company’s stock, valued at approximately $4,383,440. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director James Morgan Jr. Mckelvey sold 400,000 shares of the business’s stock in a transaction dated Monday, November 13th. The shares were sold at an average price of $39.15, for a total value of $15,660,000.00. Following the completion of the sale, the director now directly owns 507,732 shares of the company’s stock, valued at approximately $19,877,707.80. The disclosure for this sale can be found here. In the last three months, insiders sold 1,231,132 shares of company stock valued at $47,702,154. 32.68% of the stock is currently owned by corporate insiders.
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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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