NYSE:SQ

Block - SQ Stock Forecast, Price & News

$69.17

+1.40 (+2.07%)

(As of 12/1/2022 12:00 AM ET)

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Today's Range: $66.66
▼
$69.24
50-Day Range: $51.51
▼
$73.38
52-Week Range: $51.34
▼
$195.52

Volume: 9.39 million shs
Average Volume: 17.36 million shs
Market Capitalization: $41.37 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: 65.8% Upside
$114.70 Price Target
Short Interest: Healthy
4.47% of Shares Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: -0.10
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

4.4

Analyst's Opinion

Consensus Rating
Block has received a consensus rating of Buy. The company's average rating score is 2.79, and is based on 31 buy ratings, 6 hold ratings, and 1 sell rating.
Price Target Upside/Downside
According to analysts' consensus price target of $114.70, Block has a forecasted upside of 65.8% from its current price of $69.17.
Amount of Analyst Coverage
Block has been the subject of 14 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

3.0

Short Interest

Percentage of Shares Shorted
4.47% of the outstanding shares of Block have been sold short.
Short Interest Ratio / Days to Cover
Block has a short interest ratio ("days to cover") of 1.9, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in Block has recently increased by 3.28%, indicating that investor sentiment is decreasing.

0.0

Dividend Strength

Dividend Yield
Block does not currently pay a dividend.
Dividend Growth
Block does not have a long track record of dividend growth.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for SQ.

2.2

News and Social Media Coverage

News Sentiment
Block has a news sentiment score of -0.10. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.55 average news sentiment score of Business Services companies.
News Coverage This Week
MarketBeat has tracked 5 news articles for Block this week, compared to 2 articles on an average week.
Search Interest
151 people have searched for SQ on MarketBeat in the last 30 days. This is an increase of 6% compared to the previous 30 days.
MarketBeat Follows
69 people have added Block to their MarketBeat watchlist in the last 30 days. This is an increase of 64% compared to the previous 30 days.

3.3

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Block insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $23,187,128.00 in company stock.
Percentage Held by Insiders
11.52% of the stock of Block is held by insiders. A high percentage of insider ownership can be a sign of company health.
Percentage Held by Institutions
62.26% of the stock of Block is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

0.6

Earnings and Valuation

Earnings Growth
Earnings for Block are expected to grow in the coming year, from ($0.69) to $0.05 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Block is -74.38, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Earnings Ratio vs. Sector
The P/E ratio of Block is -74.38, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Book Value per Share Ratio
Block has a P/B Ratio of 2.50. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

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 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

August 30, 2022 | msn.com

$1000 Invested In Block 5 Years Ago Would Be Worth This Much Today

See More Headlines

30 days | 90 days | 365 days | Advanced Chart

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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

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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: +65.8%
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: 2.34
Cash Flow: $1.00 per share
Price / Cash Flow: 68.97
Book Value: $27.64 per share
Price / Book: 2.50

Miscellaneous

Outstanding Shares: 598,071,000
Free Float: 529,173,000
Market Cap: $41.37 billion
Optionable: Optionable
Beta: 2.37

Social Links

Key Executives

Mr. Jack Dorsey (Age 41)
Chairman, Pres & CEO

Mr. James Morgan McKelvey Jr. (Age 53)
Co-Founder

Ms. Sarah Friar (Age 45)
Chief Financial Officer

Ms. Hillary B. Smith (Age 51)
Gen. Counsel and Corp. Sec.

Ms. 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 Wall Street analysts have issued 1 year price objectives for Block's stock. Their SQ share price forecasts range from $55.00 to $210.00. On average, they anticipate the company's share price to reach $114.70 in the next twelve months. This suggests a possible upside of 65.8% 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 2022. Since then, SQ stock has decreased by 57.2% and is now trading at $69.17.
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) issued its quarterly earnings results on Thursday, November, 3rd. The technology company reported $0.01 earnings per share 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 analyst estimates 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 (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 number of retail and institutional investors. Top institutional shareholders 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 $69.17.
How much money does Block make?: Block (NYSE:SQ) has a market capitalization of $41.37 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 12/2/2022 by MarketBeat.com Staff

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