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Most-Downgraded Stocks  
NYSE:SQ

Block - SQ Stock Forecast, Price & News

$68.19
+0.42 (+0.62%)
(As of 12/1/2022 11:40 AM ET)
Add
Compare
Today's Range
$66.69
▼
$69.20
50-Day Range
$51.51
▼
$73.38
52-Week Range
$51.34
▼
$220.60
Volume
153,042 shs
Average Volume
15.19 million shs
Market Capitalization
$40.78 billion
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$114.70

Block MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.79 Rating Score
Upside/​Downside
69.2% Upside
$114.70 Price Target
Short Interest
Healthy
4.47% of Shares Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
-0.10mentions of Block in the last 14 days
Based on 5 Articles This Week
Insider Trading
Selling Shares
$23.19 M Sold Last Quarter
Proj. Earnings Growth
Growing
From ($0.69) to $0.05 Per Share

Overall MarketRank™

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

2.55 out of 5 stars

Business Services Sector

69th out of 331 stocks

Prepackaged Software Industry

57th out of 219 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

December 1, 2022 | americanbankingnews.com
Insider Selling: Block, Inc. (NYSE:SQ) Insider Sells $1,926,139.40 in Stock
November 30, 2022 | investorplace.com
IBM and Maersk Wind Down TradeLens in Hit to Mainstream Blockchain Adoption
November 23, 2022 | americanbankingnews.com
Block (NYSE:SQ) PT Lowered to $130.00
November 22, 2022 | americanbankingnews.com
Block (NYSE:SQ) Given "Buy" Rating at Jefferies Financial Group
November 21, 2022 | americanbankingnews.com
Block, Inc. (NYSE:SQ) Insider Sells $2,206,444.99 in Stock
November 4, 2022 | investorplace.com
SQ Stock Alert: Block Rises on a Big CashApp Boost
October 31, 2022 | investorplace.com
Why Is Argo Blockchain (ARBK) Stock Down 52% Today?
October 25, 2022 | benzinga.com
ROSEN, GLOBAL INVESTOR COUNSEL, Encourages Block, Inc. Investors to Secure Counsel Before Important Deadline in Securities Class Action – SQ
October 25, 2022 | benzinga.com
Block, Inc. (SQ) Equity Alert: Robbins LLP Reminds Investors of Lead Plaintiff Deadline in Class Action Against Block, Inc.
October 20, 2022 | msn.com
Check Out What Whales Are Doing With Block
October 10, 2022 | benzinga.com
What Are Whales Doing With Block - Block (NYSE:SQ) - Benzinga
October 4, 2022 | benzinga.com
Looking At Block's Recent Whale Trades - Block (NYSE:SQ) - Benzinga
September 27, 2022 | msn.com
6SQ : Block Whale Trades For September 26
September 26, 2022 | benzinga.com
Block Whale Trades For September 26 - Block (NYSE:SQ) - Benzinga
September 23, 2022 | seekingalpha.com
Block Stock: Brace For Maximum Pain (NYSE:SQ) - Seeking Alpha
September 22, 2022 | seekingalpha.com
Block integrates Afterpay BNPL into Square online in Canada (NYSE:SQ) - Seeking Alpha
September 22, 2022 | fool.com
Why Shares of Block Are Falling Today - The Motley Fool
September 21, 2022 | seekingalpha.com
Block downgraded to Neutral as crosscurrents (NYSE:SQ) - Seeking Alpha
September 21, 2022 | seekingalpha.com
Block: Revisiting, But Not Bullish (NYSE:SQ) - Seeking Alpha
September 20, 2022 | benzinga.com
Check Out What Whales Are Doing With Block - Block (NYSE:SQ) - Benzinga
September 15, 2022 | benzinga.com
Block (NYSE:SQ) – Block Whale Trades Spotted - Benzinga
September 15, 2022 | seekingalpha.com
Block CFO: We've seen resilience in our Square, Cash App ecosystems (NYSE:SQ) - Seeking Alpha
September 9, 2022 | investorplace.com
The Surge in Ethereum Name Service (ENS) Domains Shows the Blockchain Is Growing Up
September 9, 2022 | msn.com
This Is What Whales Are Betting On Block
September 1, 2022 | seekingalpha.com
Block: New Revenue Stream Makes Me Want To Add To My Position (NYSE:SQ) - Seeking Alpha
See More Headlines
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SQ Company Calendar

Last Earnings
11/03/2022
Today
12/01/2022
Fiscal Year End
12/31/2022
Next Earnings (Estimated)
2/23/2023
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
8,521
Year Founded
2009

Price Target and Rating

Average Stock Price Forecast
$114.70
High Stock Price Forecast
$210.00
Low Stock Price Forecast
$55.00
Forecasted Upside/Downside
+68.2%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.79
Research Coverage
38 Analysts

Profitability

EPS (Most Recent Fiscal Year)
($0.93)
Trailing P/E Ratio
N/A
Forward P/E Ratio
N/A
P/E Growth
N/A
Net Income
$166.28 million
Net Margins
-2.97%
Pretax Margin
-3.11%
Return on Equity
-2.10%
Return on Assets
-1.12%

Debt

Debt-to-Equity Ratio
0.25
Current Ratio
1.86
Quick Ratio
1.86

Sales & Book Value

Annual Sales
$17.66 billion
Price / Sales
2.31
Cash Flow
$0.99 per share
Price / Cash Flow
68.97
Book Value
$27.64 per share
Price / Book
2.47

Miscellaneous

Outstanding Shares
598,070,000
Free Float
529,173,000
Market Cap
$40.78 billion
Optionable
Optionable
Beta
2.37

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?

38 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Block in the last twelve months. There are currently 1 sell rating, 6 hold ratings and 31 buy ratings for the stock. The consensus among Wall Street 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?

38 equities research analysts have issued 1 year target prices for Block's shares. Their SQ share price forecasts range from $55.00 to $210.00. On average, they expect the company's stock price to reach $114.70 in the next twelve months. This suggests a possible upside of 69.2% 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 stock has decreased by 58.0% and is now trading at $67.77.
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, February 23rd 2023.
View our SQ earnings forecast.

How were Block's earnings last quarter?

Block, Inc. (NYSE:SQ) announced its quarterly earnings data on Thursday, November, 3rd. The technology company reported $0.01 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.15) by $0.16. The technology company had revenue of $4.52 billion for the quarter, compared to analysts' expectations of $4.48 billion. Block had a negative trailing twelve-month return on equity of 2.10% and a negative net margin of 2.97%.

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 $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 institutional and retail investors. Top institutional investors include Vanguard Group Inc. (5.65%), Sands Capital Management LLC (2.74%), Price T Rowe Associates Inc. MD (1.47%), Sumitomo Mitsui Trust Holdings Inc. (1.44%), Citadel Advisors LLC (0.00%) and Bares Capital Management Inc. (1.10%). 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 $67.77.

How much money does Block make?

Block (NYSE:SQ) has a market capitalization of $40.53 billion and generates $17.66 billion in revenue each year. The technology company earns $166.28 million in net income (profit) each year or ($0.93) on an earnings per share basis.

How many employees does Block have?

The company employs 8,521 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 12/1/2022 by MarketBeat.com Staff