Block - SQ Stock Forecast, Price & News

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.