Media coverage about Square (NYSE:SQ) has been trending somewhat positive this week, according to Alpha One Sentiment Analysis. The research group, a subsidiary of Accern, rates the sentiment of media coverage by reviewing more than 20 million blog and news sources in real time. Alpha One 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 coverage optimism score of 0.06 on Alpha One’s scale. Alpha One also assigned media coverage about Square an impact score of 0 out of 100, meaning that recent media coverage is extremely unlikely to have an impact on the stock’s share price in the next few days.
Here are some of the news headlines that may have effected Alpha One Sentiment’s analysis:
- Developer Proposing 35,600 Square Foot Business Park on Hyson Road (shorenewsnetwork.com)
- Essar Closes Aegis BPO Sale to Capital Square Partners for $300M (bwdisrupt.businessworld.in)
- Dizzion Receives $4.25M Credit Facility from Square 1 Bank (finsmes.com)
- N.C. Industrial Hemp Commission Scheduled to Hold Public Meeting this Week: Hemp, Inc. Reports (markets.financialcontent.com)
- Essar to sell BPO arm to Capital Square (thehindu.com)
Several analysts have issued reports on SQ shares. Vetr lowered shares of Square from a “strong-buy” rating to a “buy” rating and set a $16.63 price target on the stock. in a research report on Monday, January 9th. Nomura started coverage on shares of Square in a research report on Tuesday, December 20th. They issued a “buy” rating and a $18.00 price target on the stock. Guggenheim started coverage on shares of Square in a research report on Monday, December 19th. They issued a “buy” rating and a $16.00 price target on the stock. Keefe, Bruyette & Woods restated a “hold” rating and issued a $17.00 price target on shares of Square in a research report on Monday, March 27th. Finally, Goldman Sachs Group Inc raised their price target on shares of Square from $15.00 to $17.00 and gave the stock a “buy” rating in a research report on Thursday, February 23rd. One analyst has rated the stock with a sell rating, eight have issued a hold rating, twenty-one have issued a buy rating and two have assigned a strong buy rating to the company’s stock. Square has an average rating of “Buy” and a consensus price target of $16.90.
Shares of Square (NYSE:SQ) traded down 1.70% during trading on Wednesday, reaching $16.75. 5,385,382 shares of the company traded hands. The company has a 50-day moving average of $16.60 and a 200-day moving average of $13.91. Square has a 12 month low of $8.42 and a 12 month high of $18.17. The stock’s market capitalization is $6.15 billion.
Square (NYSE:SQ) last released its quarterly earnings data on Wednesday, February 22nd. The company reported ($0.04) earnings per share for the quarter, topping the consensus estimate of ($0.09) by $0.05. The company had revenue of $191.90 million for the quarter, compared to analyst estimates of $450.40 million. Square had a negative net margin of 12.55% and a negative return on equity of 31.99%. Square’s revenue for the quarter was up 42.7% compared to the same quarter last year. During the same period in the previous year, the business earned ($0.34) EPS. Analysts forecast that Square will post ($0.25) earnings per share for the current fiscal year.
In related news, CFO Sarah Friar sold 3,155 shares of the company’s stock in a transaction dated Thursday, January 26th. The shares were sold at an average price of $14.50, for a total value of $45,747.50. Following the transaction, the chief financial officer now owns 110,585 shares in the company, valued at approximately $1,603,482.50. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, major shareholder Ventures Iii L.P. Khosla sold 1,000,000 shares of the company’s stock in a transaction dated Thursday, March 2nd. The shares were sold at an average price of $17.30, for a total transaction of $17,300,000.00. The disclosure for this sale can be found here. Insiders have sold a total of 2,981,970 shares of company stock worth $47,547,253 over the last 90 days. 42.60% of the stock is owned by company insiders.
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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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