S&P 500   4,145.19
DOW   32,803.47
QQQ   324.34
What to Expect from the Markets in a Recession
The Incredible Dividend Map... Where Stocks Yield 26% a Year! (Ad)pixel
China July exports rise, with trade surplus at record-high
Electric Vehicles Can Drive Alcoa Stock Higher
What's in Democrats' big bill? Climate, health care, savings
Is Apple Pointing to a Massive Recession in the U.S.? (Ad)
Shift in war's front seen as ships cleared to leave Ukraine
Demand for grocery delivery cools as food costs rise
Bangladesh seeks China help to repatriate Rohingya refugees
Is Apple Pointing to a Massive Recession in the U.S.? (Ad)
S&P 500   4,145.19
DOW   32,803.47
QQQ   324.34
What to Expect from the Markets in a Recession
The Incredible Dividend Map... Where Stocks Yield 26% a Year! (Ad)pixel
China July exports rise, with trade surplus at record-high
Electric Vehicles Can Drive Alcoa Stock Higher
What's in Democrats' big bill? Climate, health care, savings
Is Apple Pointing to a Massive Recession in the U.S.? (Ad)
Shift in war's front seen as ships cleared to leave Ukraine
Demand for grocery delivery cools as food costs rise
Bangladesh seeks China help to repatriate Rohingya refugees
Is Apple Pointing to a Massive Recession in the U.S.? (Ad)
S&P 500   4,145.19
DOW   32,803.47
QQQ   324.34
What to Expect from the Markets in a Recession
The Incredible Dividend Map... Where Stocks Yield 26% a Year! (Ad)pixel
China July exports rise, with trade surplus at record-high
Electric Vehicles Can Drive Alcoa Stock Higher
What's in Democrats' big bill? Climate, health care, savings
Is Apple Pointing to a Massive Recession in the U.S.? (Ad)
Shift in war's front seen as ships cleared to leave Ukraine
Demand for grocery delivery cools as food costs rise
Bangladesh seeks China help to repatriate Rohingya refugees
Is Apple Pointing to a Massive Recession in the U.S.? (Ad)
S&P 500   4,145.19
DOW   32,803.47
QQQ   324.34
What to Expect from the Markets in a Recession
The Incredible Dividend Map... Where Stocks Yield 26% a Year! (Ad)pixel
China July exports rise, with trade surplus at record-high
Electric Vehicles Can Drive Alcoa Stock Higher
What's in Democrats' big bill? Climate, health care, savings
Is Apple Pointing to a Massive Recession in the U.S.? (Ad)
Shift in war's front seen as ships cleared to leave Ukraine
Demand for grocery delivery cools as food costs rise
Bangladesh seeks China help to repatriate Rohingya refugees
Is Apple Pointing to a Massive Recession in the U.S.? (Ad)

Block - SQ Stock Forecast, Price & News

$88.72
+0.99 (+1.13%)
(As of 08/8/2022 08:46 AM ET)
Add
Compare
Today's Range
$88.65
$89.01
50-Day Range
$57.51
$90.52
52-Week Range
$56.01
$286.52
Volume
3,300 shs
Average Volume
19.14 million shs
Market Capitalization
$51.46 billion
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$156.93

Block MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.90 Rating Score
Upside/​Downside
78.9% Upside
$156.93 Price Target
Short Interest
Healthy
6.63% of Shares Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.19mentions of Block in the last 14 days
Based on 15 Articles This Week
Insider Trading
Selling Shares
$25.46 M Sold Last Quarter
Proj. Earnings Growth
Growing
From ($0.77) to $0.08 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

66th out of 431 stocks

Prepackaged Software Industry

41st out of 269 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.

Block Stock Down 2.2 %

Shares of NYSE:SQ traded down $1.97 on Friday, hitting $87.73. 31,022,633 shares of the company's stock were exchanged, compared to its average volume of 14,193,557. The firm's 50-day moving average is $71.37 and its 200 day moving average is $96.64. The company has a market capitalization of $50.89 billion, a PE ratio of -96.41 and a beta of 2.45. Block has a 1-year low of $56.01 and a 1-year high of $286.52. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.97 and a current ratio of 1.97.

Block (NYSE:SQ - Get Rating) last released its quarterly earnings data on Thursday, August 4th. The technology company reported $0.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.17 by $0.01. The business had revenue of $4.41 billion during the quarter, compared to analysts' expectations of $4.33 billion. Block had a negative return on equity of 3.23% and a negative net margin of 3.00%. 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 firm posted $0.38 EPS. Sell-side analysts predict that Block will post -0.77 EPS for the current year.

Analysts Set New Price Targets

A number of brokerages have weighed in on SQ. Susquehanna decreased their price objective on shares of Block from $160.00 to $100.00 in a research report on Tuesday, July 19th. Cowen cut their target price on shares of Block from $188.00 to $148.00 in a research note on Friday, May 6th. Susquehanna Bancshares cut their target price on shares of Block from $160.00 to $100.00 and set a "positive" rating for the company in a research note on Tuesday, July 19th. Royal Bank of Canada boosted their target price on shares of Block from $91.00 to $95.00 in a research note on Friday. Finally, KeyCorp dropped their price objective on shares of Block from $180.00 to $80.00 and set an "overweight" rating for the company in a research note on Thursday, July 7th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and thirty-five have issued a buy rating to the stock. Based on data from MarketBeat.com, Block currently has a consensus rating of "Moderate Buy" and an average price target of $156.93.

Insider Transactions at Block

In other news, insider Alyssa Henry sold 30,770 shares of the company's stock in a transaction dated Wednesday, May 18th. The stock was sold at an average price of $83.38, for a total transaction of $2,565,602.60. Following the completion of the transaction, the insider now directly owns 433,543 shares of the company's stock, valued at approximately $36,148,815.34. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In related news, CAO Ajmere Dale sold 883 shares of the company's stock in a transaction dated Tuesday, July 5th. The stock was sold at an average price of $62.63, for a total value of $55,302.29. Following the completion of the sale, the chief accounting officer now directly owns 48,797 shares of the company's stock, valued at approximately $3,056,156.11. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Alyssa Henry sold 30,770 shares of the company's stock in a transaction dated Wednesday, May 18th. The shares were sold at an average price of $83.38, for a total value of $2,565,602.60. Following the completion of the sale, the insider now directly owns 433,543 shares of the company's stock, valued at $36,148,815.34. The disclosure for this sale can be found here. In the last ninety days, insiders sold 352,686 shares of company stock valued at $25,461,055. 11.52% of the stock is currently owned by corporate insiders.

Receive SQ Stock News and Ratings via Email

Sign-up to receive the latest news and ratings for Block and its competitors with MarketBeat's FREE daily newsletter.

SQ Stock News Headlines

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
Square (NYSE:SQ) Price Target Cut to $78.00
Wolfe Research Lowers Square (NYSE:SQ) Price Target to $85.00
Square (NYSE:SQ) Price Target Cut to $150.00
Square (NYSE:SQ) Price Target Cut to $100.00
Square (NYSE:SQ) Stock Rating Lowered by Macquarie
Square (NYSE:SQ) PT Lowered to $91.00
Block to Hold Virtual 2022 Investor Day
See More Headlines
Receive SQ Stock News and Ratings via Email

Sign-up to receive the latest news and ratings for Block and its competitors with MarketBeat's FREE daily newsletter.

SQ Company Calendar

Last Earnings
8/04/2022
Today
8/08/2022
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
$156.93
High Stock Price Forecast
$371.00
Low Stock Price Forecast
$64.00
Forecasted Upside/Downside
+76.9%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.90
Research Coverage
39 Analysts

Profitability

Net Income
$166.28 million
Pretax Margin
-0.55%

Debt

Sales & Book Value

Annual Sales
$17.66 billion
Cash Flow
$0.91 per share
Book Value
$7.13 per share

Miscellaneous

Free Float
513,235,000
Market Cap
$51.46 billion
Optionable
Optionable
Beta
2.45

Social Links















SQ Stock - Frequently Asked Questions

Should I buy or sell Block stock right now?

39 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Block in the last year. There are currently 4 hold ratings and 35 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" Block stock.
View analyst ratings for Block
or view top-rated stocks.

What is Block's stock price forecast for 2022?

39 Wall Street research analysts have issued 12-month price objectives for Block's shares. Their SQ stock forecasts range from $64.00 to $371.00. On average, they expect Block's stock price to reach $156.93 in the next year. This suggests a possible upside of 78.9% from the stock's current price.
View analysts' price targets for Block
or view top-rated stocks among Wall Street analysts.

How has Block's stock price performed in 2022?

Block's stock was trading at $161.51 at the beginning of 2022. Since then, SQ stock has decreased by 45.7% and is now trading at $87.73.
View the best growth stocks for 2022 here
.

When is Block's next earnings date?

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

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, beating the consensus estimate of $0.17 by $0.01. The technology company had revenue of $4.41 billion for the quarter, compared to analysts' expectations of $4.33 billion. Block had a negative net margin of 3.00% and a negative trailing twelve-month return on equity of 3.23%. The firm's quarterly revenue was down 5.8% on a year-over-year basis. During the same period in the previous year, the company posted $0.38 earnings per share.

What is Jack Dorsey's approval rating as Block's CEO?

436 employees have rated Block CEO Jack Dorsey on Glassdoor.com. Jack Dorsey has an approval rating of 89% among Block'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.

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 retail and institutional investors. Top institutional shareholders include Loomis Sayles & Co. L P (1.24%), Simplex Trading LLC (0.00%), State Board of Administration of Florida Retirement System (0.10%), Mizuho Markets Cayman LP (0.00%), State of New Jersey Common Pension Fund D (0.05%) and Parnassus Investments LLC (0.05%). Company insiders that own Block 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 for Block
.

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 $87.73.

How much money does Block make?

Block (NYSE:SQ) has a market capitalization of $50.89 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?

Block 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 Block 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 8/8/2022 by MarketBeat.com Staff

MarketBeat Resources

Premium Research Tools

MarketBeat All Access subscribers can access stock screeners, the Idea Engine, data export tools, research reports, and other premium tools.

Discover All Access

Market Data and Calendars

Looking for new stock ideas? Want to see which stocks are moving? View our full suite of financial calendars and market data tables, all for free.

View Market Data

Investing Education and Resources

Receive a free world-class investing education from MarketBeat. Learn about financial terms, types of investments, trading strategies and more.

Financial Terms
Details Here
MarketBeat - Stock Market News and Research Tools logo

MarketBeat empowers individual investors to make better trading decisions by providing real-time financial data and objective market analysis. Whether you’re looking for analyst ratings, corporate buybacks, dividends, earnings, economic reports, financials, insider trades, IPOs, SEC filings or stock splits, MarketBeat has the objective information you need to analyze any stock. Learn more about MarketBeat.

MarketBeat is accredited by the Better Business Bureau MarketBeat is rated as Great on TrustPilot

© American Consumer News, LLC dba MarketBeat® 2010-2022. All rights reserved.
326 E 8th St #105, Sioux Falls, SD 57103 | contact@marketbeat.com | (844) 978-6257
MarketBeat does not provide personalized financial advice and does not issue recommendations or offers to buy stock or sell any security.

Our Accessibility Statement | Terms of Service | Privacy Policy | Do Not Sell My Information | RSS Feeds

© 2022 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. Information is provided 'as-is' and solely for informational purposes, not for trading purposes or advice, and is delayed. To see all exchange delays and terms of use please see Barchart's disclaimer.