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S&P 500   4,298.86
DOW   33,876.78
QQQ   354.50
Cactus Opens The Cash Flow Wellhead With Flexsteel Acquisition 
America's Worst Nightmare: A Major Financial Crisis Looms (Ad)
How major US stock indexes fared Friday 6/9/2023
MarketBeat Week in Review – 6/4 - 6/9
The single greatest medical breakthrough of all time? (Ad)
Kevin O'Leary Slams Martha Stewart's Comments on Remote Work: 'Nobody Wants to Work in These Places'
FuelCell Is Back To Realistic Valuation
The single greatest medical breakthrough of all time? (Ad)
New Mexico reaches $500M settlement with Walgreens in opioid case
With GM and Ford embracing Tesla's EV charging technology, here's what it means for consumers
S&P 500   4,298.86
DOW   33,876.78
QQQ   354.50
Cactus Opens The Cash Flow Wellhead With Flexsteel Acquisition 
America's Worst Nightmare: A Major Financial Crisis Looms (Ad)
How major US stock indexes fared Friday 6/9/2023
MarketBeat Week in Review – 6/4 - 6/9
The single greatest medical breakthrough of all time? (Ad)
Kevin O'Leary Slams Martha Stewart's Comments on Remote Work: 'Nobody Wants to Work in These Places'
FuelCell Is Back To Realistic Valuation
The single greatest medical breakthrough of all time? (Ad)
New Mexico reaches $500M settlement with Walgreens in opioid case
With GM and Ford embracing Tesla's EV charging technology, here's what it means for consumers
S&P 500   4,298.86
DOW   33,876.78
QQQ   354.50
Cactus Opens The Cash Flow Wellhead With Flexsteel Acquisition 
America's Worst Nightmare: A Major Financial Crisis Looms (Ad)
How major US stock indexes fared Friday 6/9/2023
MarketBeat Week in Review – 6/4 - 6/9
The single greatest medical breakthrough of all time? (Ad)
Kevin O'Leary Slams Martha Stewart's Comments on Remote Work: 'Nobody Wants to Work in These Places'
FuelCell Is Back To Realistic Valuation
The single greatest medical breakthrough of all time? (Ad)
New Mexico reaches $500M settlement with Walgreens in opioid case
With GM and Ford embracing Tesla's EV charging technology, here's what it means for consumers
Most-Downgraded StocksMost-Downgraded
NYSE:SQ

Block (SQ) Stock Forecast, Price & News

$64.94
-0.15 (-0.23%)
(As of 06/9/2023 ET)
Compare
Today's Range
$64.57
▼
$66.50
50-Day Range
$55.54
▼
$68.84
52-Week Range
$51.34
▼
$93.19
Volume
6.56 million shs
Average Volume
9.28 million shs
Market Capitalization
$39.28 billion
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$95.88
ProfileAnalyst RatingsChartCompetitorsEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial Media

Block MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.61 Rating Score
Upside/​Downside
47.6% Upside
$95.88 Price Target
Short Interest
Healthy
4.48% of Shares Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
-0.56mentions of Block in the last 14 days
Based on 7 Articles This Week
Insider Trading
Selling Shares
$17.62 M Sold Last Quarter
Proj. Earnings Growth
Growing
From ($0.04) to $0.44 Per Share

Overall MarketRank™

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

2.39 out of 5 stars

Business Services Sector

86th out of 334 stocks

Prepackaged Software Industry

30th out of 211 stocks

See Top Rated MarketRank™ Stocks Here

SQ stock logo

About Block (NYSE:SQ) Stock

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.



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SQ Stock News Headlines

June 7, 2023 | americanbankingnews.com
Block (NYSE:SQ) PT Lowered to $85.00
June 6, 2023 | americanbankingnews.com
Block, Inc. (NYSE:SQ) Receives $95.55 Average Target Price from Analysts
June 10, 2023 | Behind the Markets (Ad)
[BREAKING] New "Living Missile" to Replace Nuclear Missiles
CBS News Reports: "It's an entirely new type of weapon." The New York Times Reports: "No existing defense can stop it." And one small company is building them for the Pentagon!
June 5, 2023 | msn.com
Wolfe Research Maintains Block Inc - (SQ) Outperform Recommendation
June 4, 2023 | finance.yahoo.com
Strong week for Block (NYSE:SQ) shareholders doesn't alleviate pain of three-year loss
June 2, 2023 | americanbankingnews.com
Block, Inc. (NYSE:SQ) Director Lawrence Henry Summers Sells 3,668 Shares of Stock
June 2, 2023 | americanbankingnews.com
Block (NYSE:SQ) Trading Up 3.1%
May 27, 2023 | americanbankingnews.com
Alyssa Henry Sells 2,357 Shares of Block, Inc. (NYSE:SQ) Stock
June 10, 2023 | Behind the Markets (Ad)
66,000% upside on tiny biotech?
The Wall Street Journal reports that this medical breakthrough is "Transforming Medicine." One analyst calculated that it could be worth $1 Trillion, making the upside potential of this small-cap 66,000% above today's price.
May 26, 2023 | americanbankingnews.com
Ajmere Dale Sells 629 Shares of Block, Inc. (NYSE:SQ) Stock
May 25, 2023 | msn.com
JMP Securities Maintains Block Inc - (SQ) Market Perform Recommendation
May 24, 2023 | investorplace.com
3 Biotech Stocks With Blockbuster Potential
May 24, 2023 | finance.yahoo.com
A Piece Of The Puzzle Missing From Block, Inc.'s (NYSE:SQ) Share Price
May 23, 2023 | seekingalpha.com
Block, Inc. (SQ) 51st Annual J.P. Morgan Global Technology, Media and Communications Conference (Transcript)
May 22, 2023 | investorplace.com
SQ Stock Alert: 4 Reasons to Avoid This Stumbling Block
May 19, 2023 | investorplace.com
Block’s Bleak Forecast: Why Another SQ Stock Tumble Is Looming
May 18, 2023 | americanbankingnews.com
Block (NYSE:SQ) Research Coverage Started at StockNews.com
May 14, 2023 | finance.yahoo.com
Block, Inc.'s (NYSE:SQ) latest 6.2% decline adds to one-year losses, institutional investors may consider drastic measures
May 12, 2023 | msn.com
B of A Securities Maintains Block Inc - (SQ) Buy Recommendation
May 12, 2023 | americanbankingnews.com
Block (NYSE:SQ) Lowered to Underperform at CLSA
May 12, 2023 | americanbankingnews.com
Brokerages Set Block, Inc. (NYSE:SQ) Price Target at $98.72
May 11, 2023 | americanbankingnews.com
Block (NYSE:SQ) Price Target Lowered to $86.00 at Bank of America
May 10, 2023 | msn.com
Barclays Maintains Block Inc - (SQ) Overweight Recommendation
May 10, 2023 | investorplace.com
SQ Stock Warning: Why a Closer Look at Block’s Q1 Earnings Is Alarming
May 9, 2023 | seekingalpha.com
Block Q1 Review: Punished Despite Good Numbers
May 9, 2023 | americanbankingnews.com
Block (NYSE:SQ) Given New $105.00 Price Target at Wells Fargo & Company
May 9, 2023 | americanbankingnews.com
Block (NYSE:SQ) Price Target Lowered to $88.00 at BMO Capital Markets
See More Headlines

SQ Price History

SQ Company Calendar

Last Earnings
5/04/2023
Today
6/09/2023
Next Earnings (Estimated)
8/03/2023
Fiscal Year End
12/31/2023
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 Forecast
$95.88
High Stock Price Forecast
$150.00
Low Stock Price Forecast
$55.00
Forecasted Upside/Downside
+47.6%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.61
Research Coverage
31 Analysts

Profitability

EPS (Most Recent Fiscal Year)
($0.60)
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
-1.92%
Pretax Margin
-2.03%
Return on Equity
-1.22%
Return on Assets
-0.69%

Debt

Debt-to-Equity Ratio
0.24
Current Ratio
1.83
Quick Ratio
1.83

Sales & Book Value

Annual Sales
$17.53 billion
Price / Sales
2.24
Cash Flow
N/A
Price / Cash Flow
N/A
Book Value
$28.75 per share
Price / Book
2.26

Miscellaneous

Outstanding Shares
604,900,000
Free Float
539,628,000
Market Cap
$39.28 billion
Optionable
Optionable
Beta
2.33

Social Links


Key Executives

  • Mr. Jack DorseyMr. Jack Dorsey (Age 41)
    Chairman, Pres & CEO
  • Mr. James Morgan McKelvey Jr.Mr. James Morgan McKelvey Jr. (Age 53)
    Co-Founder
  • Ms. Sarah FriarMs. Sarah Friar (Age 45)
    Chief Financial Officer
  • Ms. Hillary B. Smith (Age 51)
    Gen. Counsel and Corp. Sec.
  • Ms. Alyssa HenryMs. Alyssa Henry (Age 48)
    Seller Lead

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions













SQ Stock - Frequently Asked Questions

Should I buy or sell Block stock right now?

31 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Block in the last twelve months. There are currently 3 sell ratings, 6 hold ratings and 22 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" SQ shares.
View SQ analyst ratings or view top-rated stocks.

What is Block's stock price forecast for 2023?

31 brokers have issued 1 year price targets for Block's shares. Their SQ share price forecasts range from $55.00 to $150.00. On average, they expect the company's stock price to reach $95.88 in the next twelve months. This suggests a possible upside of 47.6% 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 at the beginning of the year. Since then, SQ shares have increased by 3.3% and is now trading at $64.94.
View the best growth stocks for 2023 here.

When is Block's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, August 3rd 2023.
View our SQ earnings forecast.

How were Block's earnings last quarter?

Block, Inc. (NYSE:SQ) issued its quarterly earnings results on Thursday, May, 4th. The technology company reported $0.06 earnings per share for the quarter, beating the consensus estimate of ($0.11) by $0.17. The technology company had revenue of $4.99 billion for the quarter, compared to analyst estimates of $4.58 billion. Block had a negative net margin of 1.92% and a negative trailing twelve-month return on equity of 1.22%.

What ETFs hold Block's stock?

ETFs with the largest weight of Block (NYSE:SQ) stock in their portfolio include Global X Blockchain ETF (BKCH), Fidelity Crypto Industry and Digital Payments ETF (FDIG), ARK Fintech Innovation ETF (ARKF), iShares Blockchain and Tech ETF (IBLC), ARK Next Generation Internation ETF (ARKW), Grayscale Future of Finance ETF (GFOF), First Trust SkyBridge Crypto Industry and Digital Economy ETF (CRPT) and ARK Innovation ETF (ARKK).

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 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.

What is Block's stock symbol?

Block trades on the New York Stock Exchange (NYSE) under the ticker symbol "SQ."

Who are Block's major shareholders?

Block's stock is owned by a number of institutional and retail investors. Top institutional investors include Sands Capital Management LLC (2.48%), Fisher Asset Management LLC (1.88%), ARK Investment Management LLC (1.74%), Sumitomo Mitsui Trust Holdings Inc. (1.62%), Nikko Asset Management Americas Inc. (1.36%) and Susquehanna International Group LLP (0.00%). Insiders that own company stock include Ajmere Dale, Alyssa Henry, Amrita Ahuja, Brian Grassadonia, David A Viniar, Ernest C Garcia II, Jack Dorsey, Jacqueline D Reses, James Morgan Jr Mckelvey, Lawrence Henry Summers, Mary G Meeker, Mohan Maheswaran, Paul Deighton 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.

What is Block's stock price today?

One share of SQ stock can currently be purchased for approximately $64.94.

How much money does Block make?

Block (NYSE:SQ) has a market capitalization of $39.28 billion and generates $17.53 billion in revenue each year. The technology company earns $-540,750,000.00 in net income (profit) each year or ($0.60) on an earnings per share basis.

How many employees does Block have?

The company employs 12,428 workers across the globe.

How can I contact Block?

Block's mailing address is 1455 MARKET STREET SUITE 600, SAN FRANCISCO CA, 94103. The official website for the company is www.squareup.com. The technology company can be reached via phone at 415-375-3176 or via email at ir@squareup.com.

This page (NYSE:SQ) was last updated on 6/10/2023 by MarketBeat.com Staff

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