Square (SQ) Earning Somewhat Positive News Coverage, Analysis Shows

News coverage about Square (NYSE:SQ) has been trending somewhat positive recently, according to Accern. Accern identifies positive and negative media coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Square earned a media sentiment score of 0.08 on Accern’s scale. Accern also assigned press coverage about the technology company an impact score of 0 out of 100, meaning that recent media coverage is extremely unlikely to have an effect on the company’s share price in the immediate future.

Here are some of the media headlines that may have impacted Accern Sentiment’s analysis:

Insider Buying and Selling by Quarter for Square (NYSE:SQ)

Several analysts have issued reports on SQ shares. Zacks Investment Research raised shares of Square from a “hold” rating to a “strong-buy” rating and set a $20.00 price objective for the company in a research report on Tuesday, February 28th. Vetr raised shares of Square from a “buy” rating to a “strong-buy” rating and set a $20.01 price objective for the company in a research report on Tuesday, February 28th. Canaccord Genuity reissued a “hold” rating and set a $16.00 price target on shares of Square in a research report on Wednesday, March 1st. Instinet raised their price target on shares of Square from $18.00 to $21.00 and gave the stock a “buy” rating in a research report on Monday, March 6th. Finally, Mizuho reissued a “buy” rating on shares of Square in a research report on Monday, March 20th. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating and nineteen have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $19.52.

Square (NYSE SQ) traded down 0.45% during midday trading on Friday, reaching $24.17. The company’s stock had a trading volume of 15,013,719 shares. The firm’s market capitalization is $9.04 billion. The firm has a 50 day moving average price of $21.79 and a 200 day moving average price of $17.25. Square has a 1-year low of $8.42 and a 1-year high of $24.97.

Square (NYSE:SQ) last announced its quarterly earnings results on Wednesday, May 3rd. The technology company reported ($0.03) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.08) by $0.05. Square had a negative return on equity of 15.81% and a negative net margin of 5.02%. The firm had revenue of $461.55 million for the quarter, compared to analysts’ expectations of $450.66 million. On average, analysts predict that Square will post ($0.19) EPS for the current year.

In other Square news, insider Jacqueline D. Reses sold 10,936 shares of the company’s stock in a transaction on Tuesday, May 2nd. The stock was sold at an average price of $18.95, for a total value of $207,237.20. Following the sale, the insider now directly owns 673,340 shares in the company, valued at $12,759,793. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Alyssa Henry sold 5,406 shares of the company’s stock in a transaction on Wednesday, April 26th. The shares were sold at an average price of $18.23, for a total value of $98,551.38. Following the completion of the sale, the insider now owns 475,238 shares in the company, valued at $8,663,588.74. The disclosure for this sale can be found here. Insiders sold 2,149,238 shares of company stock worth $41,003,216 over the last quarter. Company insiders own 42.60% 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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