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.

Block Price Performance

Shares of NYSE:SQ opened at $87.95 on Friday. Block has a twelve month low of $56.01 and a twelve month high of $276.14. The firm has a market cap of $51.02 billion, a P/E ratio of -96.65 and a beta of 2.45. The company has a 50 day moving average of $71.25 and a 200 day moving average of $95.82. The company has a quick ratio of 1.97, a current ratio of 1.80 and a debt-to-equity ratio of 0.24.

Block (NYSE:SQ - Get Rating) last announced its quarterly earnings data 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. Block had a negative net margin of 3.00% and a negative return on equity of 2.52%. The company had revenue of $4.41 billion during the quarter, compared to analyst estimates of $4.33 billion. During the same period in the previous year, the business earned $0.38 EPS. The firm's revenue for the quarter was down 5.8% on a year-over-year basis. As a group, research analysts expect that Block will post -0.7 EPS for the current fiscal year.

Analyst Ratings Changes

A number of brokerages have recently weighed in on SQ. BMO Capital Markets lowered their price objective on shares of Block from $126.00 to $117.00 and set a "buy" rating for the company in a report on Friday, May 20th. Macquarie lowered shares of Block from an "outperform" rating to a "neutral" rating and lowered their price objective for the stock from $140.00 to $64.00 in a report on Tuesday, July 19th. Wedbush lowered their price objective on shares of Block from $140.00 to $100.00 and set a "neutral" rating for the company in a report on Thursday, May 19th. Credit Suisse Group lowered their price target on shares of Block from $180.00 to $170.00 and set an "outperform" rating for the company in a report on Wednesday, June 15th. Finally, Cowen lowered their price target on shares of Block from $188.00 to $148.00 in a report on Friday, May 6th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and thirty-five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $152.34.

Insider Buying and Selling

In related news, CAO Ajmere Dale sold 883 shares of the business's stock in a transaction that occurred on Tuesday, July 5th. The shares were sold at an average price of $62.63, for a total value of $55,302.29. Following the completion of the transaction, the chief accounting officer now directly owns 48,797 shares in the company, valued at approximately $3,056,156.11. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other Block news, insider Alyssa Henry sold 30,770 shares of the business's stock in a transaction on Wednesday, May 25th. The shares were sold at an average price of $76.44, for a total transaction of $2,352,058.80. Following the completion of the sale, the insider now directly owns 433,543 shares in the company, valued at approximately $33,140,026.92. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, CAO Ajmere Dale sold 883 shares of the business's stock in a transaction on Tuesday, July 5th. The shares were sold at an average price of $62.63, for a total transaction of $55,302.29. Following the sale, the chief accounting officer now owns 48,797 shares of the company's stock, valued at $3,056,156.11. The disclosure for this sale can be found here. Insiders sold a total of 360,815 shares of company stock worth $26,341,162 in the last three months. Insiders own 11.52% of the company's stock.