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GE   159.85 (+0.76%)
DIS   112.94 (+0.88%)
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NVDA   853.69 (+3.76%)
NIO   5.41 (-6.40%)
AMD   208.18 (+2.73%)
BABA   72.05 (-3.44%)
T   16.94 (-0.24%)
F   12.99 (+4.34%)
MU   96.76 (+1.69%)
CGC   3.02 (-5.92%)
GE   159.85 (+0.76%)
DIS   112.94 (+0.88%)
AMC   4.34 (-0.46%)
PFE   25.85 (-2.78%)
PYPL   59.43 (-1.83%)
XOM   104.29 (-1.46%)

Block (SQ) Stock Price, News & Analysis

$77.34
-1.91 (-2.41%)
(As of 11:58 AM ET)
Today's Range
$76.96
$79.67
50-Day Range
$62.58
$79.60
52-Week Range
$38.85
$83.29
Volume
3.43 million shs
Average Volume
11.74 million shs
Market Capitalization
$47.62 billion
P/E Ratio
466.18
Dividend Yield
N/A
Price Target
$82.44

Block MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.81 Rating Score
Upside/​Downside
6.6% Upside
$82.44 Price Target
Short Interest
Healthy
2.42% of Shares Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.49mentions of Block in the last 14 days
Based on 24 Articles This Week
Insider Trading
Selling Shares
$9.99 M Sold Last Quarter
Proj. Earnings Growth
97.14%
From $1.05 to $2.07 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.

3.52 out of 5 stars

Business Services Sector

92nd out of 316 stocks

Prepackaged Software Industry

75th out of 206 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 Stock Just Hit the Recovery Rally Button
Having traded mostly sideways since January, Block, Inc. NYSE: SQ shares are again on the move. They'd performed strongly all through the final two months of last year when, like with almost all equities, they took off on the back of cooling inflation data and hopes of an imminent rate cut.
Block Stock Just Hit the Recovery Rally Button
Having traded mostly sideways since January, Block, Inc. NYSE: SQ shares are again on the move. They'd performed strongly all through the final two months of last year when, like with almost all equities, they took off on the back of cooling inflation data and hopes of an imminent rate cut.
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's multiple ecosystems drive shares higher on 2024 outlook
Block Inc. NYSE: SQ is a technology company with multiple ecosystems generating a network and cumulative effect. It's most known as a fintech operating its Square segment, which is a digital and point-of-service (POS) payment processing platform.
Where Will Block Stock Be in 1 Year?
This is the #1 Stock to Buy for the AI Tidal Wave
Marc Chaikin warned people about NVDA before its 2023 bull run - now he’s naming his next pick or the AI tidal wave. Learn more here.
Block (NYSE:SQ) Stock Price Down 3.1% Following Insider Selling
Block Q4: Strong Growth Story And Compelling Valuation
Block (NYSE:SQ) Given New $86.00 Price Target at Citigroup
Block (NYSE:SQ) Shares Down 3.1% Following Insider Selling
Block (NYSE:SQ) PT Raised to $78.00 at Keefe, Bruyette & Woods
Truist Financial Boosts Block (NYSE:SQ) Price Target to $100.00
See More Headlines
Receive SQ Stock News and Ratings via Email

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Company Calendar

Last Earnings
8/03/2023
Today
3/04/2024
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
12,985
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
+3.7%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.81
Research Coverage
32 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
$48.97 billion
Optionable
Optionable
Beta
2.55

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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 Friday, March 1, 2024 at 12:24 PM.

Pros

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

  • Square, Inc. provides payment and point-of-sale solutions in the United States and internationally.
  • The company's commerce ecosystem includes tools for managing sales, inventory, and customer data.
  • They offer financing options to sellers based on real-time payment and point-of-sale data.
  • Recent developments show a strong growth trajectory for the company.
  • The current stock price of Block, Inc. is favorable for potential investors.

Cons

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

  • Some investors may be concerned about potential competition in the payment solutions market.
  • Market volatility could impact the stock price of Block, Inc.
  • Regulatory changes in the financial sector could affect the company's operations.
  • There may be risks associated with investing in a technology-focused company.
  • Investors should carefully consider the overall market conditions before making investment decisions.














SQ Stock Analysis - Frequently Asked Questions

Should I buy or sell Block stock right now?

32 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Block in the last twelve months. There are currently 6 hold ratings and 26 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?

32 brokerages have issued 12 month price objectives for Block's stock. Their SQ share price targets range from $46.00 to $100.00. On average, they expect the company's share price to reach $82.44 in the next twelve months. This suggests a possible upside of 3.3% 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 beginning of 2024. Since then, SQ stock has increased by 3.1% and is now trading at $79.77.
View the best growth stocks for 2024 here
.

Are investors shorting Block?

Block saw a drop in short interest in January. As of January 31st, there was short interest totaling 16,670,000 shares, a drop 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 currently 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) released its quarterly earnings results on Thursday, August, 3rd. The technology company reported $0.39 EPS for the quarter, beating analysts' consensus estimates of $0.35 by $0.04. The technology company earned $5.53 billion during the quarter, compared to analyst estimates of $5.10 billion. Block had a trailing twelve-month return on equity of 0.63% and a net margin of 0.04%. The firm's revenue for the quarter was up 25.7% compared to the same quarter last year. During the same quarter in the prior year, the company earned ($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 initial public offering (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 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 investors 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, 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 3/4/2024 by MarketBeat.com Staff