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JPMorgan Chase, Advanced Micro Devices fall; Progressive, State Street rise, 4/12/2024
S&P 500   5,123.41
DOW   37,983.24
QQQ   438.27
5 Semiconductor Giants: Navigating the Recent Pullback
3 Key Stocks Helping to Drive the EV Race
Breakout Alert: Coinbase's Consolidation Is About To End
Closing prices for crude oil, gold and other commodities
You Can Follow BlackRock’s Market View for Your Money
JPMorgan Chase Falls 5% as Consumer Cracking Begins to Show
JPMorgan Chase, Advanced Micro Devices fall; Progressive, State Street rise, 4/12/2024
S&P 500   5,123.41
DOW   37,983.24
QQQ   438.27
5 Semiconductor Giants: Navigating the Recent Pullback
3 Key Stocks Helping to Drive the EV Race
Breakout Alert: Coinbase's Consolidation Is About To End
Closing prices for crude oil, gold and other commodities
You Can Follow BlackRock’s Market View for Your Money
JPMorgan Chase Falls 5% as Consumer Cracking Begins to Show
JPMorgan Chase, Advanced Micro Devices fall; Progressive, State Street rise, 4/12/2024
S&P 500   5,123.41
DOW   37,983.24
QQQ   438.27
5 Semiconductor Giants: Navigating the Recent Pullback
3 Key Stocks Helping to Drive the EV Race
Breakout Alert: Coinbase's Consolidation Is About To End
Closing prices for crude oil, gold and other commodities
You Can Follow BlackRock’s Market View for Your Money
JPMorgan Chase Falls 5% as Consumer Cracking Begins to Show
JPMorgan Chase, Advanced Micro Devices fall; Progressive, State Street rise, 4/12/2024

Block (SQ) Stock Price, News & Analysis

$76.95
-3.11 (-3.88%)
(As of 04/12/2024 ET)
Today's Range
$76.05
$79.00
50-Day Range
$64.47
$85.71
52-Week Range
$38.85
$87.52
Volume
6.17 million shs
Average Volume
6.66 million shs
Market Capitalization
$47.38 billion
P/E Ratio
470.94
Dividend Yield
N/A
Price Target
$84.41

Block MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.79 Rating Score
Upside/​Downside
9.7% Upside
$84.41 Price Target
Short Interest
Healthy
2.14% of Shares Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.41mentions of Block in the last 14 days
Based on 12 Articles This Week
Insider Trading
Selling Shares
$27.28 M Sold Last Quarter
Proj. Earnings Growth
91.26%
From $1.03 to $1.97 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

2.73 out of 5 stars

Business Services Sector

170th out of 317 stocks

Prepackaged Software Industry

120th out of 200 stocks

SQ stock logo

About Block Stock (NYSE:SQ)

Block, Inc. is the parent company to a host of digital financial solutions including Square. The company was founded in 2009 by Jack Dorsey (also founded Twitter) and Jim McKelvey as a solution to a problem faced by McKelvey. Mr. McKelvey was unable to complete a transaction because he was unable to accept credit cards and that provided inspiration for Mr. Dorsey. The firm was founded in St. Louis but now has no official headquarters, instead choosing to do most work remotely or from one of several key hubs. That decision was made in the wake of the COVID-19 pandemic when it became clear telecommuting was a solution that worked.

The original Square app provides a multitude of payment and POS solutions that include hardware and software. The hardware includes the iconic Square card mag-stripe reader that can be plugged into any tablet or smartphone as well as many other solutions. The software enables sellers to turn their smart devices into POS on a temporary or permanent/dedicated basis.

The company went public in 2015 when it IPOd on the NASDAQ stock exchange and then later decided to change its name to Block to better represent the business. Today, Block, Inc. operates as a network of businesses that are working together to expand access to the economy. The core brands are Square, CashApp, AfterPay, Weebly, Tidal, Spiral, and TBD.

The Square brand encompasses all the core business including but not limited to hardware and its related software. The CashApp business is a money transfer solution that is working to make money more available and universally acceptable. Afterpay is a buy-now-pay-later service. Weebly is an eCommerce and web hosting service for small and medium-sized businesses. Tidal is a platform for musicians and artists to connect with fans and monetize their brands. Spiral is the firm's cryptocurrency division and TBD is a division focused on crypto, specifically building a crypto platform.

Block, Inc. stunned the market in 2020 when it began to purchase Bitcoin. Then Square, the company purchased Bitcoin in two transactions for a total of $210 million. The holdings amount to 8,027 Bitcoins which were worth $154.75 million in October 2022. The purpose of Spiral is to fund open-sourced applications that encourage and facilitate the use of Bitcoin and other cryptocurrencies.

Mr. Dorsey remains the CEO and chairman of Block, Inc. The company employs more than 8,500 individuals across its footprint and netted $17.66 billion in revenue for 2021. Mr. Dorsey is also the company’s largest shareholder with about 10% of the shares.



SQ Stock Price History

SQ Stock News Headlines

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Block (NYSE:SQ) PT Raised to $100.00 at Wolfe Research
Mizuho Increases Block (NYSE:SQ) Price Target to $106.00
Is Block Stock a Buy?
SHOCKING Altcoin Moves…
Bitcoin's recent price boom has sent select altcoins into an absolute FRENZY! Which is why we've gathered 27 crypto experts to share their top picks and predictions as we rapidly approach the Bitcoin halving event this month…
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Block (NYSE:SQ) Shares Gap Down After Insider Selling
Block (NYSE:SQ) Price Target Raised to $99.00 at Benchmark
Block (NYSE:SQ) Shares Down 2.6% on Insider Selling
Block to Announce First Quarter 2024 Results
Block: I Don't Get The Optimism
See More Headlines
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Company Calendar

Last Earnings
2/22/2024
Today
4/13/2024
Next Earnings (Confirmed)
5/02/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Prepackaged software
Sub-Industry
N/A
Fax
N/A
Employees
12,985
Year Founded
2009

Price Target and Rating

Average Stock Price Target
$84.41
High Stock Price Target
$106.00
Low Stock Price Target
$46.00
Potential Upside/Downside
+9.7%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.79
Research Coverage
33 Analysts

Profitability

Net Income
$9.77 million
Pretax Margin
-0.13%

Debt

Sales & Book Value

Annual Sales
$21.92 billion
Book Value
$30.35 per share

Miscellaneous

Free Float
549,260,000
Market Cap
$47.38 billion
Optionable
Optionable
Beta
2.55

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Should I Buy Block Stock? SQ Pros and Cons Explained

Pros

Here are some ways that investors could benefit from investing in Block, Inc.:

  • Block, Inc. (NYSE:SQ) has seen significant institutional investments, indicating confidence from large financial entities like Clearbridge Investments LLC and International Assets Investment Management LLC.
  • Recent insider transactions show a mix of buying and selling activities, providing insights into the company's performance and potential future movements.
  • The stock price of Block, Inc. has shown stability and growth, making it an attractive option for investors looking for potential returns.
  • Block, Inc. has a strong presence in the technology sector, with a focus on innovative solutions that could drive future growth and market expansion.
  • Strategic acquisitions and partnerships by Block, Inc. demonstrate a commitment to growth and diversification, potentially leading to increased shareholder value.

Cons

Investors should be bearish about investing in Block, Inc. for these reasons:

  • Despite institutional investments, high ownership by hedge funds and other institutional investors could lead to increased volatility in the stock price.
  • Fluctuations in insider transactions, such as selling activities, may raise concerns about the company's internal outlook and future performance.
  • Market competition and regulatory challenges in the technology sector could impact Block, Inc.'s growth prospects and market position.
  • Dependency on specific market trends or technological advancements may expose Block, Inc. to risks associated with rapid industry changes.
  • Investors should carefully monitor Block, Inc.'s financial reports and disclosures for any potential red flags or concerning developments that could impact investment decisions.
These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Tuesday, April 9, 2024. Please send any questions or comments about these Block pros and cons to contact@marketbeat.com.

SQ Stock Analysis - Frequently Asked Questions

Should I buy or sell Block stock right now?

33 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Block in the last twelve months. There are currently 1 sell rating, 5 hold ratings and 27 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" SQ shares.
View SQ analyst ratings
or view top-rated stocks.

What is Block's stock price target for 2024?

33 analysts have issued 1-year target prices for Block's shares. Their SQ share price targets range from $46.00 to $106.00. On average, they expect the company's share price to reach $84.41 in the next year. This suggests a possible upside of 9.7% from the stock's current price.
View analysts price targets for SQ
or view top-rated stocks among Wall Street analysts.

How have SQ shares performed in 2024?

Block's stock was trading at $77.35 on January 1st, 2024. Since then, SQ shares have decreased by 0.5% and is now trading at $76.95.
View the best growth stocks for 2024 here
.

When is Block's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, May 2nd 2024.
View our SQ earnings forecast
.

How can I listen to Block's earnings call?

Block will be holding an earnings conference call on Thursday, May 2nd at 5:00 PM Eastern. Interested parties can register for or listen to the call using this link.

How were Block's earnings last quarter?

Block, Inc. (NYSE:SQ) announced its quarterly earnings data on Thursday, February, 22nd. The technology company reported $0.03 EPS for the quarter, beating analysts' consensus estimates of $0.02 by $0.01. The technology company earned $5.77 billion during the quarter, compared to the consensus estimate of $5.69 billion. Block had a net margin of 0.04% and a trailing twelve-month return on equity of 0.63%.

What is Jack Dorsey's approval rating as Block's CEO?

436 employees have rated Block Chief Executive Officer Jack Dorsey on Glassdoor.com. Jack Dorsey has an approval rating of 89% among the company's employees.

What other stocks do shareholders of Block own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Block investors own include NVIDIA (NVDA), Tesla (TSLA), Alibaba Group (BABA), Advanced Micro Devices (AMD), PayPal (PYPL), Netflix (NFLX), Micron Technology (MU), Salesforce (CRM), Walt Disney (DIS) and Shopify (SHOP).

When did Block IPO?

Block (SQ) raised $324 million in an IPO on Thursday, November 19th 2015. The company issued 27,000,000 shares at $11.00-$13.00 per share. Goldman Sachs, Morgan Stanley and J.P. Morgan acted as the underwriters for the IPO and Barclays, Deutsche Bank Securities, Jefferies, RBC Capital Markets, Stifel, LOYAL3 Securities and SMBC Nikko were co-managers.

Who are Block's major shareholders?

Block's stock is owned by a variety of retail and institutional investors. Top institutional shareholders include Los Angeles Capital Management LLC (0.04%), ST Germain D J Co. Inc. (0.02%), Campbell Capital Management Inc. (0.01%), Global Assets Advisory LLC (0.00%), CHURCHILL MANAGEMENT Corp (0.00%) and Richard P Slaughter Associates Inc (0.00%). Insiders that own company stock include Ajmere Dale, Alyssa Henry, Amrita Ahuja, Brian Grassadonia, Chrysty Esperanza, Ernest C Garcia II, Jack Dorsey, James Morgan Jr Mckelvey, Lawrence Henry Summers, Mohan Maheswaran, Roelof Botha and Sivan Whiteley.
View institutional ownership trends
.

How do I buy shares of Block?

Shares of SQ stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NYSE:SQ) was last updated on 4/13/2024 by MarketBeat.com Staff

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