Square (SQ) Given Coverage Optimism Rating of 0.03
Press coverage about Square (NYSE:SQ) has trended somewhat positive recently, Accern Sentiment reports. Accern ranks the sentiment of media coverage by monitoring more than 20 million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Square earned a news sentiment score of 0.03 on Accern’s scale. Accern also gave media coverage about the technology company an impact score of 45.8214460076516 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
These are some of the news headlines that may have effected Accern Sentiment Analysis’s scoring:
- Square Inc (SQ) Being Served Up Once Again To Momentum Maniacs – StockNews.com (blog) (stocknews.com)
- Analyst Predicts a 59% Surge for Square Stock – Schaeffers Research (schaeffersresearch.com)
- Square another Amazon or Google? Shares up 3.8% – Square, Inc … – Seeking Alpha (seekingalpha.com)
- Best-in-Class Quant Score Makes Square (SQ) a Strong Buy (investorplace.com)
- Flatiron Health Signs 108,000 Square-Foot Lease in SoHo (globest.com)
Square (NYSE:SQ) traded up $2.29 during midday trading on Friday, reaching $42.56. The company’s stock had a trading volume of 24,141,608 shares, compared to its average volume of 16,200,000. The company has a quick ratio of 1.81, a current ratio of 1.81 and a debt-to-equity ratio of 0.48. The firm has a market capitalization of $16,540.00 and a P/E ratio of -250.35. Square has a 12 month low of $13.84 and a 12 month high of $49.56.
Square (NYSE:SQ) last released its quarterly earnings data on Wednesday, November 8th. The technology company reported $0.07 earnings per share for the quarter, beating analysts’ consensus estimates of $0.05 by $0.02. The company had revenue of $257.12 million for the quarter, compared to the consensus estimate of $244.95 million. Square had a negative return on equity of 7.98% and a negative net margin of 3.04%. The company’s quarterly revenue was up 44.6% on a year-over-year basis. During the same period in the previous year, the business earned $0.01 earnings per share. equities analysts expect that Square will post -0.15 EPS for the current year.
A number of research firms have recently commented on SQ. Nomura reiterated a “buy” rating and issued a $64.00 price objective (up from $48.00) on shares of Square in a research note on Friday. Zacks Investment Research lowered Square from a “buy” rating to a “hold” rating in a research note on Tuesday, September 26th. Stephens reiterated a “buy” rating and issued a $41.00 price objective on shares of Square in a research note on Wednesday, January 10th. KeyCorp lifted their price objective on Square from $29.00 to $32.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 3rd. Finally, Royal Bank of Canada reiterated a “buy” rating and issued a $31.00 price objective on shares of Square in a research note on Sunday, October 8th. One research 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 a consensus rating of “Buy” and an average price target of $35.83.
In other Square news, insider Hillary B. Smith sold 3,459 shares of Square stock in a transaction that occurred on Friday, November 10th. The stock was sold at an average price of $38.95, for a total transaction of $134,728.05. Following the sale, the insider now directly owns 641,154 shares of the company’s stock, valued at $24,972,948.30. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director James Morgan Jr. Mckelvey sold 400,000 shares of the business’s stock in a transaction that occurred on Monday, November 13th. The stock was sold at an average price of $39.15, for a total value of $15,660,000.00. Following the completion of the transaction, the director now directly owns 507,732 shares in the company, valued at $19,877,707.80. The disclosure for this sale can be found here. Insiders have sold 1,631,132 shares of company stock worth $63,618,154 over the last ninety days. Company insiders own 32.68% of the company’s stock.
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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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