Square (SQ) Given Daily News Sentiment Score of 0.14
News headlines about Square (NYSE:SQ) have trended somewhat positive this week, according to Accern Sentiment Analysis. Accern identifies negative and positive news coverage by reviewing more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Square earned a media sentiment score of 0.14 on Accern’s scale. Accern also assigned media headlines about the technology company an impact score of 44.2568543375898 out of 100, indicating 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 stories that may have effected Accern’s rankings:
- Sarah Friar Sells 19,200 Shares of Square Inc (SQ) Stock (americanbankingnews.com)
- Jack Dorsey Sells 50,000 Shares of Square Inc (SQ) Stock (americanbankingnews.com)
- Square, Inc. – Value Analysis (NYSE:SQ) : December 15, 2017 (finance.yahoo.com)
- Lee & Associates closes 21,000-square-foot industrial lease in Elgin (rejournals.com)
- HBJ’s 2017 Deal of the Year: Amazon’s 1M-square-foot fulfillment center near Katy breaks ground (bizjournals.com)
SQ has been the topic of a number of research analyst reports. Zacks Investment Research raised Square from a “hold” rating to a “buy” rating and set a $32.00 target price on the stock in a report on Tuesday, October 3rd. Barclays raised their price objective on Square from $28.00 to $37.00 and gave the company an “overweight” rating in a report on Thursday, November 9th. Vetr downgraded Square from a “buy” rating to a “hold” rating and set a $31.08 price objective on the stock. in a report on Wednesday, October 4th. Wells Fargo & Company assumed coverage on Square in a report on Tuesday, November 21st. They set a “market perform” rating and a $42.00 price objective on the stock. Finally, Deutsche Bank raised their price objective on Square to $37.00 and gave the company a “buy” rating in a report on Tuesday, October 31st. One equities research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and twenty-four have given a buy rating to the company. Square presently has an average rating of “Buy” and a consensus target price of $33.88.
Square (NYSE:SQ) last announced its earnings results on Wednesday, November 8th. The technology company reported $0.07 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.05 by $0.02. The firm 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 business’s quarterly revenue was up 44.6% compared to the same quarter last year. During the same period in the previous year, the business earned $0.01 EPS. equities research analysts forecast that Square will post -0.16 EPS for the current year.
In other news, Director James Morgan Jr. Mckelvey sold 400,000 shares of Square stock in a transaction dated Tuesday, October 17th. The stock was sold at an average price of $32.72, for a total value of $13,088,000.00. Following the completion of the transaction, the director now directly owns 507,732 shares of the company’s stock, valued at approximately $16,612,991.04. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CFO Sarah Friar sold 38,400 shares of Square stock in a transaction dated Thursday, September 21st. The stock was sold at an average price of $28.36, for a total value of $1,089,024.00. Following the completion of the transaction, the chief financial officer now directly owns 366,103 shares of the company’s stock, valued at $10,382,681.08. The disclosure for this sale can be found here. Insiders have sold a total of 1,599,027 shares of company stock worth $58,943,174 over the last ninety days. Company insiders own 32.68% of the company’s stock.
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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