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Block - SQ Stock Forecast, Price & News

$86.64
-1.31 (-1.49%)
(As of 08/15/2022 02:36 PM ET)
Add
Compare
Today's Range
$86.03
$89.15
50-Day Range
$57.51
$89.70
52-Week Range
$56.01
$276.14
Volume
250,470 shs
Average Volume
19.00 million shs
Market Capitalization
$50.26 billion
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$152.34

Block MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.88 Rating Score
Upside/​Downside
74.9% Upside
$152.34 Price Target
Short Interest
Healthy
5.89% of Shares Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
-0.56mentions of Block in the last 14 days
Based on 22 Articles This Week
Insider Trading
Selling Shares
$26.34 M Sold Last Quarter
Proj. Earnings Growth
Growing
From ($0.72) to $0.10 Per Share

Overall MarketRank

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

2.60 out of 5 stars

Business Services Sector

65th out of 335 stocks

Prepackaged Software Industry

43rd out of 230 stocks

SQ stock logo

About Block (NYSE:SQ) Stock

Square, Inc. provides payment and point-of-sale solutions in the United States and internationally. The company's commerce ecosystem includes point-of-sale software and hardware that enables sellers to turn mobile and computing devices into payment and point-of-sale solutions. It offers hardware products, including Magstripe reader, which enables swiped transactions of magnetic stripe cards; Contactless and chip reader that accepts EMV® chip cards and Near Field Communication payments; Chip card reader, which accepts EMV® chip cards and enables swiped transactions of magnetic stripe cards; Square Stand, which enables an iPad to be used as a payment terminal or full point of sale solution; and Square Register that combines its hardware, point-of-sale software, and payments technology, as well as managed payments solutions. The company also provides Square Point of Sale software; Cash App, which provides access to the financial system, allowing customers to electronically send, store, and spend money; Caviar, a food ordering platform for restaurants to offer food ordering, pickup and delivery, to their customers; and Square Capital that facilitates loans to sellers based on real-time payment and point-of-sale data. Square, Inc. was founded in 2009 and is headquartered in San Francisco, California.

Analyst Upgrades and Downgrades

SQ has been the subject of several analyst reports. Robert W. Baird dropped their target price on Block from $120.00 to $78.00 in a research note on Wednesday, July 20th. Jefferies Financial Group dropped their target price on Block from $155.00 to $140.00 in a research note on Wednesday, May 4th. Stephens dropped their target price on Block from $130.00 to $110.00 and set an "overweight" rating for the company in a research note on Monday, August 8th. Royal Bank of Canada upped their target price on Block from $91.00 to $95.00 in a research note on Friday, August 5th. Finally, Moffett Nathanson dropped their target price on Block from $200.00 to $170.00 in a research note on Friday, May 6th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and thirty-five have given a buy rating to the stock. According to data from MarketBeat, Block currently has an average rating of "Moderate Buy" and an average target price of $152.34.

Block Stock Performance

Shares of Block stock traded down $0.69 on Monday, reaching $87.26. 164,797 shares of the company were exchanged, compared to its average volume of 18,998,301. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.80 and a current ratio of 1.80. The company's 50-day moving average is $71.35 and its two-hundred day moving average is $95.45. The firm has a market cap of $50.62 billion, a price-to-earnings ratio of -95.28 and a beta of 2.45. Block has a 1-year low of $56.01 and a 1-year high of $276.14.

Block (NYSE:SQ - Get Rating) last announced its quarterly earnings results on Thursday, August 4th. The technology company reported $0.18 earnings per share for the quarter, topping analysts' consensus estimates of $0.17 by $0.01. The business had revenue of $4.41 billion for the quarter, compared to analysts' expectations of $4.33 billion. Block had a negative return on equity of 2.52% and a negative net margin of 3.00%. The business's quarterly revenue was down 5.8% on a year-over-year basis. During the same period in the prior year, the firm earned $0.38 EPS. As a group, research analysts expect that Block will post -0.72 earnings per share for the current fiscal year.

Insider Activity at Block

In other Block news, insider Alyssa Henry sold 30,769 shares of the stock in a transaction on Wednesday, August 10th. The stock was sold at an average price of $86.18, for a total transaction of $2,651,672.42. Following the completion of the transaction, the insider now directly owns 428,058 shares of the company's stock, valued at approximately $36,890,038.44. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In other news, insider Alyssa Henry sold 30,769 shares of the stock in a transaction on Wednesday, August 10th. The stock was sold at an average price of $86.18, for a total value of $2,651,672.42. Following the completion of the sale, the insider now owns 428,058 shares in the company, valued at $36,890,038.44. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Amrita Ahuja sold 4,029 shares of the stock in a transaction on Tuesday, July 5th. The stock was sold at an average price of $62.63, for a total value of $252,336.27. Following the sale, the chief financial officer now owns 155,649 shares of the company's stock, valued at $9,748,296.87. The disclosure for this sale can be found here. Insiders have sold a total of 360,815 shares of company stock worth $26,341,162 in the last three months. 11.52% of the stock is owned by company insiders.

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SQ Stock News Headlines

Alyssa Henry Sells 30,769 Shares of Block, Inc. (NYSE:SQ) Stock
Copper Exploration Heating Up
Canada is already known as a miner's paradise. But British Columbia (BC) is quietly becoming the new copper hotspot. That's because copper is critical to the world's shift to renewable energy. Biden earmarked $226 billion in new infrastructure projects all requiring copper.
Amrita Ahuja Sells 8,130 Shares of Block, Inc. (NYSE:SQ) Stock
Mizuho Lowers Block (NYSE:SQ) Price Target to $125.00
Barclays Lowers Block (NYSE:SQ) Price Target to $130.00
Block (NYSE:SQ) Rating Reiterated by William Blair
Copper Exploration Heating Up
Canada is already known as a miner's paradise. But British Columbia (BC) is quietly becoming the new copper hotspot. That's because copper is critical to the world's shift to renewable energy. Biden earmarked $226 billion in new infrastructure projects all requiring copper.
Block (NYSE:SQ) Given "Market Perform" Rating at William Blair
Block (NYSE:SQ) Given New $125.00 Price Target at Mizuho
Block (NYSE:SQ) Raised to Sell at StockNews.com
SQ Stock Falls as Bitcoin Weighs on Block
Analysts Set Square, Inc. (NYSE:SQ) PT at $163.60
Square, Inc. (NYSE:SQ) Insider Sells $2,106,821.90 in Stock
Square (NYSE:SQ) PT Lowered to $135.00
Square (NYSE:SQ) Price Target Cut to $120.00
Square (NYSE:SQ) Price Target Cut to $112.00
See More Headlines
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SQ Company Calendar

Last Earnings
8/04/2022
Today
8/15/2022
Next Earnings (Estimated)
11/03/2022
Fiscal Year End
12/31/2022

Industry, Sector and Symbol

Industry
Prepackaged software
Sub-Industry
N/A
Fax
N/A
Employees
8,521
Year Founded
2009

Price Target and Rating

Average Stock Price Forecast
$152.34
High Stock Price Forecast
$371.00
Low Stock Price Forecast
$64.00
Forecasted Upside/Downside
+75.8%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.88
Research Coverage
40 Analysts

Profitability

Net Income
$166.28 million
Pretax Margin
-3.03%

Debt

Sales & Book Value

Annual Sales
$17.66 billion
Cash Flow
$0.89 per share
Book Value
$7.13 per share

Miscellaneous

Free Float
513,235,000
Market Cap
$50.26 billion
Optionable
Optionable
Beta
2.45

Social Links















SQ Stock - Frequently Asked Questions

Should I buy or sell Block stock right now?

40 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Block in the last year. There are currently 5 hold ratings and 35 buy ratings for the stock. The consensus among Wall Street 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 2022?

40 analysts have issued 12 month target prices for Block's stock. Their SQ share price forecasts range from $64.00 to $371.00. On average, they expect the company's share price to reach $152.34 in the next twelve months. This suggests a possible upside of 76.0% 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 2022?

Block's stock was trading at $161.51 at the beginning of the year. Since then, SQ shares have decreased by 46.4% and is now trading at $86.57.
View the best growth stocks for 2022 here
.

When is Block's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, November 3rd 2022.
View our SQ earnings forecast
.

How were Block's earnings last quarter?

Block, Inc. (NYSE:SQ) issued its quarterly earnings data on Thursday, August, 4th. The technology company reported $0.18 earnings per share for the quarter, topping the consensus estimate of $0.17 by $0.01. The technology company had revenue of $4.41 billion for the quarter, compared to the consensus estimate of $4.33 billion. Block had a negative net margin of 3.00% and a negative trailing twelve-month return on equity of 2.52%. The business's quarterly revenue was down 5.8% compared to the same quarter last year. During the same period in the prior year, the company earned $0.38 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?

(SQ) raised $324 million in an 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.

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 variety of institutional and retail investors. Top institutional investors include Sands Capital Management LLC (2.84%), Loomis Sayles & Co. L P (1.24%), UBS Group AG (0.00%), Northern Trust Corp (0.51%), Renaissance Technologies LLC (0.44%) and Swiss National Bank (0.39%). 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, 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 $86.57.

How much money does Block make?

Block (NYSE:SQ) has a market capitalization of $50.22 billion and generates $17.66 billion in revenue each year. The technology company earns $166.28 million in net income (profit) each year or ($0.91) on an earnings per share basis.

How many employees does Block have?

The company employs 8,521 workers across the globe.

When was Block founded?

Block was founded in 2009.

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 8/15/2022 by MarketBeat.com Staff

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