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Block Stock Price, News & Analysis (NYSE:SQ)

$68.50
+0.50 (+0.74%)
(As of 12/7/2023 ET)
Compare
Today's Range
$66.88
▼
$68.88
50-Day Range
$39.22
▼
$68.03
52-Week Range
$38.85
▼
$89.97
Volume
12.66 million shs
Average Volume
12.61 million shs
Market Capitalization
$42.06 billion
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$75.13
Stock AnalysisAnalyst ForecastsChartCompetitorsEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestSocial Media

Block MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.73 Rating Score
Upside/​Downside
9.5% Upside
$75.13 Price Target
Short Interest
Healthy
3.42% of Shares Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.32mentions of Block in the last 14 days
Based on 17 Articles This Week
Insider Trading
Acquiring Shares
$27.19 M Bought Last Quarter
Proj. Earnings Growth
Growing
From ($0.15) to $0.85 Per Share

Overall MarketRank™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.05 out of 5 stars

Business Services Sector

140th out of 264 stocks

Prepackaged Software Industry

83rd out of 173 stocks

See Top Rated MarketRank™ Stocks Here

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

December 7, 2023 | americanbankingnews.com
BMO Capital Markets Reiterates "Outperform" Rating for Block (NYSE:SQ)
December 7, 2023 | americanbankingnews.com
Block (NYSE:SQ) Stock Price Up 5.2% on Analyst Upgrade
December 7, 2023 | Autonomix (Ad)
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December 6, 2023 | investorplace.com
3 Stocks at the Cutting Edge of Blockchain Technology
December 6, 2023 | americanbankingnews.com
Block (NYSE:SQ) Price Target Raised to $100.00 at Barclays
December 5, 2023 | markets.businessinsider.com
What 16 Analyst Ratings Have To Say About Block
December 5, 2023 | seekingalpha.com
Block: Numerous Tailwinds Will Drive Impressive Returns
November 30, 2023 | seekingalpha.com
Block: Growing Consumer Stickiness And Attachment Rates Trigger Long-Term Tailwinds
December 7, 2023 | Financial Alphas (Ad)
Lithium Discovery So BIG You Can't Miss it, Even From Space
With the green energy transition well underway, lithium demand is rapidly outpacing projected supply. While companies frantically search for new sources of this critical metal, one small company is sitting on a massive claim in North America - So big in fact that it can clearly be seen from space!
November 30, 2023 | seekingalpha.com
Block Just Hit A Home Run
November 29, 2023 | msn.com
Black Friday/Cyber Monday Prove Golden Times for Block (NYSE:SQ)
November 29, 2023 | msn.com
Block CEO Jack Dorsey Heads $6.2M Investment Round In Decentralized Bitcoin Mining Pool
November 28, 2023 | americanbankingnews.com
Block, Inc. (NYSE:SQ) Receives $75.07 Consensus Price Target from Analysts
November 24, 2023 | insidermonkey.com
5 Stocks Insiders are Buying Now
November 23, 2023 | finance.yahoo.com
Block Inc CFO & COO Amrita Ahuja Sells 3,370 Shares
November 22, 2023 | seekingalpha.com
Block: Don't Be Fooled By The Recent Surge (Rating Downgrade)
November 22, 2023 | investorplace.com
Block Stock: The Good, the Bad, and the Ugly
November 17, 2023 | seekingalpha.com
Why I Don't Like Block Stock
November 17, 2023 | seekingalpha.com
Block: Squarely In My Crosshairs For An Undervalued Growth Stock
November 14, 2023 | msn.com
Insider Trading: Block (NYSE:SQ) Sees Huge Insider Buy
November 13, 2023 | investorplace.com
Block Stock: A Fintech Find That Could Easily Hit $100
November 13, 2023 | finance.yahoo.com
Investors in Block (NYSE:SQ) from three years ago are still down 71%, even after 4.0% gain this past week
November 9, 2023 | seekingalpha.com
Block: Still Cautious On Near Term
November 9, 2023 | seekingalpha.com
Block Addressed Our Concerns; Rating Upgrade
November 9, 2023 | finance.yahoo.com
Block, Inc. (NYSE:SQ) institutional owners may be pleased with recent gains after 8.6% loss over the past year
November 7, 2023 | investorplace.com
Block Layoffs 2023: What to Know About the Latest SQ Job Cuts
November 7, 2023 | msn.com
CLSA Upgrades Block Inc - (SQ)
See More Headlines
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Company Calendar

Last Earnings
11/02/2023
Today
12/07/2023
Fiscal Year End
12/31/2023
Next Earnings (Estimated)
2/22/2024
Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange
NYSE
Industry
Prepackaged software
Sub-Industry
N/A
Sector
Business Services
Current Symbol
NYSE:SQ
CUSIP
N/A
CIK
1512673
Web
www.squareup.com
Phone
415-375-3176
Fax
N/A
Employees
12,428
Year Founded
2009

Price Target and Rating

Average Stock Price Target
$75.13
High Stock Price Target
$100.00
Low Stock Price Target
$45.00
Potential Upside/Downside
+10.4%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.73
Research Coverage
30 Analysts

Profitability

EPS (Most Recent Fiscal Year)
($0.47)
Trailing P/E Ratio
N/A
Forward P/E Ratio
N/A
P/E Growth
N/A
Net Income
$-540,750,000.00
Net Margins
-1.38%
Pretax Margin
-1.19%
Return on Equity
-0.30%
Return on Assets
-0.16%

Debt

Debt-to-Equity Ratio
0.23
Current Ratio
1.91
Quick Ratio
1.91

Sales & Book Value

Annual Sales
$17.53 billion
Price / Sales
2.38
Cash Flow
N/A
Price / Cash Flow
N/A
Book Value
$28.75 per share
Price / Book
2.37

Miscellaneous

Outstanding Shares
614,090,000
Free Float
547,832,000
Market Cap
$41.78 billion
Optionable
Optionable
Beta
2.52

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Should I Buy Block Stock? SQ Pros and Cons Explained

These insights were generated using artificial intelligence. They are based on proprietary MarketBeat data, news articles, and custom LLM A.I. algorithms. This analysis of Block was last updated on Tuesday, November 28, 2023 at 11:46 AM.

Pros

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

  • Block, Inc. (NYSE:SQ) has seen significant institutional investment, with Clearbridge Investments LLC purchasing a new position in the company. This indicates confidence from institutional investors in the company's potential.
  • Block, Inc. has shown consistent growth in its stock price over recent periods, making it an attractive investment option for investors looking for potential capital gains.
  • The company operates in the technology sector, which is known for its potential for innovation and disruption. This presents opportunities for Block, Inc. to capitalize on emerging trends and technologies.
  • Block, Inc. has a strong market presence and brand recognition, which can contribute to its competitive advantage in the industry.
  • The company has a diverse portfolio of products and services, which helps to mitigate risks associated with relying on a single product or market segment.

Cons

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

  • Block, Inc. (NYSE:SQ) has seen a decrease in its institutional investment, with Westpac Banking Corp selling a significant portion of its stake in the company. This could indicate a lack of confidence in the company's future prospects.
  • The technology sector is highly competitive and subject to rapid changes. Block, Inc. may face challenges in maintaining its competitive position and adapting to evolving market trends.
  • Investing in individual stocks, such as Block, Inc., carries inherent risks, including the potential for loss of capital. Investors should carefully consider their risk tolerance and diversify their investment portfolio.
  • The stock price of Block, Inc. may be subject to volatility, which can result in significant fluctuations in its value. Investors should be prepared for potential short-term price fluctuations.
  • Block, Inc. operates in a regulated industry, and changes in regulations or compliance requirements could impact the company's operations and financial performance.














SQ Stock Analysis - Frequently Asked Questions

Should I buy or sell Block stock right now?

30 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Block in the last year. There are currently 8 hold ratings and 22 buy ratings for the stock. The consensus among Wall Street 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?

30 equities research analysts have issued twelve-month target prices for Block's shares. Their SQ share price targets range from $45.00 to $100.00. On average, they anticipate the company's share price to reach $75.13 in the next twelve months. 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 2023?

Block's stock was trading at $62.84 on January 1st, 2023. Since then, SQ shares have increased by 9.0% and is now trading at $68.47.
View the best growth stocks for 2023 here.

Are investors shorting Block?

Block saw a increase in short interest during the month of November. As of November 15th, there was short interest totaling 21,010,000 shares, an increase of 17.8% from the October 31st total of 17,830,000 shares. Based on an average daily volume of 12,780,000 shares, the days-to-cover ratio is presently 1.6 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, February 22nd 2024.
View our SQ earnings forecast.

How were Block's earnings last quarter?

Block, Inc. (NYSE:SQ) issued its quarterly earnings data on Thursday, November, 2nd. The technology company reported $0.08 EPS for the quarter, topping the consensus estimate of ($0.07) by $0.15. The technology company had revenue of $5.62 billion for the quarter, compared to analyst estimates of $5.41 billion. Block had a negative net margin of 1.38% and a negative trailing twelve-month return on equity of 0.30%.

What ETFs hold Block's stock?

ETFs with the largest weight of Block (NYSE:SQ) stock in their portfolio include iShares Blockchain and Tech ETF (IBLC), ARK Fintech Innovation ETF (ARKF), ARK Next Generation Internation ETF (ARKW), First Trust SkyBridge Crypto Industry and Digital Economy ETF (CRPT), ARK Innovation ETF (ARKK), VanEck Digital Transformation ETF (DAPP), Grayscale Future of Finance ETF (GFOF) and Schwab Crypto Thematic ETF (STCE).

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 initial public offering 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 many different institutional and retail investors. Top institutional shareholders include FMR LLC (3.38%), Sands Capital Management LLC (2.29%), ARK Investment Management LLC (1.78%), Sumitomo Mitsui Trust Holdings Inc. (1.69%), Loomis Sayles & Co. L P (1.35%) and Bares Capital Management Inc. (0.72%). 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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

This page (NYSE:SQ) was last updated on 12/7/2023 by MarketBeat.com Staff

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