S&P 500   5,078.18
DOW   38,972.41
QQQ   437.60
bluebird bio stock is ripe for a 400% institutional short squeeze
Critical asset just had biggest fall on record (Ad)
3 lithium stocks to ride a multi-year cycle
Goldman upgraded Nvidia stock, one metric says it could go higher
Critical asset just had biggest fall on record (Ad)
Salesforce stock got a boost. Is it growing off the Nvidia boom?
Autozone stock price is still in the rally zone
Critical asset just had biggest fall on record (Ad)
Closing prices for crude oil, gold and other commodities
New highs are coming for Lowe’s stock despite mixed results
S&P 500   5,078.18
DOW   38,972.41
QQQ   437.60
bluebird bio stock is ripe for a 400% institutional short squeeze
Critical asset just had biggest fall on record (Ad)
3 lithium stocks to ride a multi-year cycle
Goldman upgraded Nvidia stock, one metric says it could go higher
Critical asset just had biggest fall on record (Ad)
Salesforce stock got a boost. Is it growing off the Nvidia boom?
Autozone stock price is still in the rally zone
Critical asset just had biggest fall on record (Ad)
Closing prices for crude oil, gold and other commodities
New highs are coming for Lowe’s stock despite mixed results
S&P 500   5,078.18
DOW   38,972.41
QQQ   437.60
bluebird bio stock is ripe for a 400% institutional short squeeze
Critical asset just had biggest fall on record (Ad)
3 lithium stocks to ride a multi-year cycle
Goldman upgraded Nvidia stock, one metric says it could go higher
Critical asset just had biggest fall on record (Ad)
Salesforce stock got a boost. Is it growing off the Nvidia boom?
Autozone stock price is still in the rally zone
Critical asset just had biggest fall on record (Ad)
Closing prices for crude oil, gold and other commodities
New highs are coming for Lowe’s stock despite mixed results
S&P 500   5,078.18
DOW   38,972.41
QQQ   437.60
bluebird bio stock is ripe for a 400% institutional short squeeze
Critical asset just had biggest fall on record (Ad)
3 lithium stocks to ride a multi-year cycle
Goldman upgraded Nvidia stock, one metric says it could go higher
Critical asset just had biggest fall on record (Ad)
Salesforce stock got a boost. Is it growing off the Nvidia boom?
Autozone stock price is still in the rally zone
Critical asset just had biggest fall on record (Ad)
Closing prices for crude oil, gold and other commodities
New highs are coming for Lowe’s stock despite mixed results

Block (SQ) Stock Price, News & Analysis

$77.71
+3.05 (+4.09%)
(As of 02/27/2024 ET)
Today's Range
$75.34
$77.96
50-Day Range
$62.58
$79.60
52-Week Range
$38.85
$83.29
Volume
14.36 million shs
Average Volume
12.93 million shs
Market Capitalization
$47.72 billion
P/E Ratio
439.18
Dividend Yield
N/A
Price Target
$82.44

Block MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.81 Rating Score
Upside/​Downside
6.1% Upside
$82.44 Price Target
Short Interest
Healthy
2.71% of Shares Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.38mentions of Block in the last 14 days
Based on 67 Articles This Week
Insider Trading
Selling Shares
$10.24 M Sold Last Quarter
Proj. Earnings Growth
91.92%
From $0.99 to $1.90 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.

3.49 out of 5 stars

Business Services Sector

88th out of 292 stocks

Prepackaged Software Industry

72nd out of 190 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 (NYSE:SQ) Stock Price Down 3.1% Following Insider Selling
Critical asset just had biggest fall on record
What many consider America's critical financial asset suffers biggest fall on record. Expert says: "it's very bad for millions, protect yourself now."
Block (NYSE:SQ) Given New $86.00 Price Target at Citigroup
Block (NYSE:SQ) Shares Down 3.1% Following Insider Selling
Critical asset just had biggest fall on record
What many consider America's critical financial asset suffers biggest fall on record. Expert says: "it's very bad for millions, protect yourself now."
Block (NYSE:SQ) PT Raised to $78.00 at Keefe, Bruyette & Woods
Truist Financial Boosts Block (NYSE:SQ) Price Target to $100.00
Amrita Ahuja Sells 2,581 Shares of Block, Inc. (NYSE:SQ) Stock
Block (NYSE:SQ) Rating Reiterated by William Blair
Block, Inc. (NYSE:SQ) Insider Sells $8,364,510.00 in Stock
Block (NYSE:SQ) Rating Reiterated by Piper Sandler
Decoding Block Inc (SQ): A Strategic SWOT Insight
Seaport Global Upgrades Block (SQ)
Block (NYSE:SQ) Sets New 12-Month High After Analyst Upgrade
Block, Inc. (NYSE:SQ) Q4 2023 Earnings Call Transcript
Stock Traders Buy High Volume of Call Options on Block (NYSE:SQ)
See More Headlines
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Company Calendar

Last Earnings
8/03/2023
Today
2/27/2024
Next Earnings (Estimated)
5/02/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Prepackaged software
Sub-Industry
N/A
Fax
N/A
Employees
12,428
Year Founded
2009

Price Target and Rating

Average Stock Price Target
$82.44
High Stock Price Target
$100.00
Low Stock Price Target
$46.00
Potential Upside/Downside
+6.1%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.81
Research Coverage
31 Analysts

Profitability

Net Income
$9.77 million
Pretax Margin
-1.19%

Debt

Sales & Book Value

Annual Sales
$21.92 billion
Book Value
$28.75 per share

Miscellaneous

Free Float
547,832,000
Market Cap
$47.72 billion
Optionable
Optionable
Beta
2.53

Social Links

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SQ Stock Analysis - Frequently Asked Questions

Should I buy or sell Block stock right now?

31 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Block in the last year. There are currently 6 hold ratings and 25 buy ratings for the stock. The consensus among Wall Street 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?

31 analysts have issued twelve-month price targets for Block's shares. Their SQ share price targets range from $46.00 to $100.00. On average, they anticipate the company's share price to reach $82.44 in the next twelve months. This suggests a possible upside of 6.1% 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 at the start of the year. Since then, SQ shares have increased by 0.5% and is now trading at $77.71.
View the best growth stocks for 2024 here
.

Are investors shorting Block?

Block saw a decline in short interest in January. As of January 31st, there was short interest totaling 16,670,000 shares, a decline of 11.9% from the January 15th total of 18,920,000 shares. Based on an average trading volume of 10,840,000 shares, the days-to-cover ratio is presently 1.5 days.
View Block's Short Interest
.

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 were Block's earnings last quarter?

Block, Inc. (NYSE:SQ) posted its earnings results on Thursday, August, 3rd. The technology company reported $0.39 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.35 by $0.04. The technology company earned $5.53 billion during the quarter, compared to the consensus estimate of $5.10 billion. Block had a net margin of 0.04% and a trailing twelve-month return on equity of 0.63%. The company's revenue was up 25.7% on a year-over-year basis. During the same quarter last year, the company posted ($0.19) earnings per share.

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?

(SQ) raised $324 million in an IPO on Thursday, November 19th 2015. The company issued 27,000,000 shares at a price of $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 variety of retail and institutional investors. Top institutional shareholders include Vanguard Group Inc. (5.89%), Sands Capital Management LLC (2.24%), Capital World Investors (2.04%), ARK Investment Management LLC (1.94%), Sumitomo Mitsui Trust Holdings Inc. (1.69%) and Nikko Asset Management Americas Inc. (1.46%). 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, Mary G Meeker, 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 2/28/2024 by MarketBeat.com Staff