Free Trial

Block (SQ) Stock Price, News & Analysis

$67.34
-4.17 (-5.83%)
(As of 05/22/2024 ET)
Today's Range
$67.02
$70.97
50-Day Range
$66.83
$84.58
52-Week Range
$38.85
$87.52
Volume
12.72 million shs
Average Volume
8.96 million shs
Market Capitalization
$41.55 billion
P/E Ratio
87.46
Dividend Yield
N/A
Price Target
$87.59

Block MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.76 Rating Score
Upside/​Downside
30.1% Upside
$87.59 Price Target
Short Interest
Healthy
2.12% of Shares Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.67mentions of Block in the last 14 days
Based on 15 Articles This Week
Insider Trading
Selling Shares
$26.39 M Sold Last Quarter
Proj. Earnings Growth
80.62%
From $1.29 to $2.33 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.

4.55 out of 5 stars

Business Services Sector

30th out of 297 stocks

Prepackaged Software Industry

24th out of 195 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

Block Gains on its Cash App and Afterpay Segment Blowouts
Block TodaySQBlock$71.50 +0.30 (+0.42%) (As of 05/15/2024 ET)52-Week Range$38.85▼$87.52P/E Ratio92.86Price Target$87.59Add to WatchlistFintech giant Block Inc. NYSE: SQ delivered a solid Q1 2024 earnings report that caused shares to gap 8.5% before profit-taking set in. The action mirrored the reaction to its business services sector competitor PayPal Holdings Inc.'s NASDAQ: PYPL results.
3 Fintech Stocks Worth Wagering On in May
3 Blockchain Stocks to Buy Now: May 2024
Is Block a Millionaire Maker?
3 Cheap Fintech Stocks to Buy Now: May 2024
The 3 Best Cathie Wood Stocks to Buy in May 2024
Block Stock: Buy, Sell, or Hold?
3 Digital Bank Stocks to Buy Now
See More Headlines
Receive SQ Stock News and Ratings via Email

Sign-up to receive the latest news and ratings for Block and its competitors with MarketBeat's FREE daily newsletter.

Company Calendar

Last Earnings
2/22/2024
Today
5/22/2024
Next Earnings (Estimated)
8/01/2024
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
$87.59
High Stock Price Target
$106.00
Low Stock Price Target
$46.00
Potential Upside/Downside
+30.1%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.76
Research Coverage
34 Analysts

Profitability

Net Income
$9.77 million
Pretax Margin
1.76%

Debt

Sales & Book Value

Annual Sales
$21.92 billion
Book Value
$30.74 per share

Miscellaneous

Free Float
552,313,000
Market Cap
$41.55 billion
Optionable
Optionable
Beta
2.57

Social Links

These 7 Stocks Will Be Magnificent in 2024 Cover

With average gains of 150% since the start of 2023, now is the time to give these stocks a look and pump up your 2024 portfolio.

Get This Free Report

SQ Stock Analysis - Frequently Asked Questions

Should I buy or sell Block stock right now?

34 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Block in the last year. There are currently 1 sell rating, 6 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?

34 equities research 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 $87.59 in the next twelve months. This suggests a possible upside of 30.1% 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 stock has decreased by 12.9% and is now trading at $67.34.
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, August 1st 2024.
View our SQ earnings forecast
.

How were Block's earnings last quarter?

Block, Inc. (NYSE:SQ) issued its earnings results on Thursday, August, 3rd. The technology company reported $0.39 earnings per share for the quarter, beating analysts' consensus estimates of $0.35 by $0.04. The technology company had revenue of $5.53 billion for the quarter, compared to analyst estimates of $5.10 billion. Block had a trailing twelve-month return on equity of 2.04% and a net margin of 2.18%. The business's revenue for the quarter was up 25.7% compared to the same quarter last year. During the same period in the prior year, the business earned ($0.19) EPS.

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 initial public offering (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 served 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 number of retail and institutional investors. Top institutional investors include Vanguard Group Inc. (5.93%), Capital World Investors (2.12%), Sumitomo Mitsui Trust Holdings Inc. (1.58%), Nikko Asset Management Americas Inc. (1.36%), Baillie Gifford & Co. (1.12%) and Bares Capital Management Inc. (0.65%). Insiders that own company stock include Ajmere Dale, Alyssa Henry, Amrita Ahuja, Brian Grassadonia, Chrysty Esperanza, Ernest C Garcia II, 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 5/23/2024 by MarketBeat.com Staff

From Our Partners