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S&P 500   4,280.15
DOW   33,761.05
QQQ   330.39
Sinema took Wall Street money while killing tax on investors
How Much Longer Will It Be Under $1? (Ad)pixel
Expanded IRS free-file system one step closer in Dems' bill
Climate bill: Could coal communities shift to nuclear?
Germans urged to cap heat in offices this winter to save gas
Biden & Bill Gates Igniting $40 Trillion Heist? (Ad)
Italy's Lake Garda shrinks to near-historic low amid drought
The 7 Types Of People Every Entrepreneur Needs In Their Inner Circle -- And How To Find Them
Former Deutsche Bank Co-CEO Anshu Jain dies
Biden & Bill Gates Igniting $40 Trillion Heist? (Ad)
S&P 500   4,280.15
DOW   33,761.05
QQQ   330.39
Sinema took Wall Street money while killing tax on investors
How Much Longer Will It Be Under $1? (Ad)pixel
Expanded IRS free-file system one step closer in Dems' bill
Climate bill: Could coal communities shift to nuclear?
Germans urged to cap heat in offices this winter to save gas
Biden & Bill Gates Igniting $40 Trillion Heist? (Ad)
Italy's Lake Garda shrinks to near-historic low amid drought
The 7 Types Of People Every Entrepreneur Needs In Their Inner Circle -- And How To Find Them
Former Deutsche Bank Co-CEO Anshu Jain dies
Biden & Bill Gates Igniting $40 Trillion Heist? (Ad)
S&P 500   4,280.15
DOW   33,761.05
QQQ   330.39
Sinema took Wall Street money while killing tax on investors
How Much Longer Will It Be Under $1? (Ad)pixel
Expanded IRS free-file system one step closer in Dems' bill
Climate bill: Could coal communities shift to nuclear?
Germans urged to cap heat in offices this winter to save gas
Biden & Bill Gates Igniting $40 Trillion Heist? (Ad)
Italy's Lake Garda shrinks to near-historic low amid drought
The 7 Types Of People Every Entrepreneur Needs In Their Inner Circle -- And How To Find Them
Former Deutsche Bank Co-CEO Anshu Jain dies
Biden & Bill Gates Igniting $40 Trillion Heist? (Ad)

Block - SQ Stock Forecast, Price & News

$87.95
+1.96 (+2.28%)
(As of 08/12/2022 12:00 AM ET)
Add
Compare
Today's Range
$85.01
$88.63
50-Day Range
$57.51
$89.70
52-Week Range
$56.01
$276.14
Volume
10.43 million shs
Average Volume
15.60 million shs
Market Capitalization
$51.02 billion
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$152.34

Block MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.88 Rating Score
Upside/​Downside
73.2% Upside
$152.34 Price Target
Short Interest
Healthy
5.89% of Shares Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
-0.52mentions of Block in the last 14 days
Based on 28 Articles This Week
Insider Trading
Selling Shares
$26.34 M Sold Last Quarter
Proj. Earnings Growth
Growing
From ($0.72) to $0.10 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

67th out of 338 stocks

Prepackaged Software Industry

40th out of 230 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.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the company. Cowen cut their price objective on Block from $188.00 to $148.00 in a research report on Friday, May 6th. Keefe, Bruyette & Woods reduced their price target on shares of Block from $150.00 to $100.00 in a research report on Monday, July 11th. Robert W. Baird lowered their price objective on shares of Block from $120.00 to $78.00 in a research report on Wednesday, July 20th. Moffett Nathanson reduced their target price on shares of Block from $200.00 to $170.00 in a research report on Friday, May 6th. Finally, Jefferies Financial Group lowered their price target on shares of Block from $155.00 to $140.00 in a report on Wednesday, May 4th. One analyst has rated the stock with a sell rating, five have given a hold rating and thirty-five have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Block presently has a consensus rating of "Moderate Buy" and a consensus target price of $152.34.

Block Stock Up 2.3 %

NYSE:SQ traded up $1.96 during trading on Friday, hitting $87.95. The stock had a trading volume of 10,433,157 shares, compared to its average volume of 15,595,944. Block has a 12 month low of $56.01 and a 12 month high of $276.14. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.97 and a current ratio of 1.80. The company's 50-day moving average price is $71.35 and its two-hundred day moving average price is $95.63. The company has a market capitalization of $51.02 billion, a PE ratio of -96.65 and a beta of 2.45.

Block (NYSE:SQ - Get Rating) last announced its quarterly earnings data on Thursday, August 4th. The technology company reported $0.18 EPS 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 business had revenue of $4.41 billion for the quarter, compared to analyst estimates of $4.33 billion. During the same quarter in the previous year, the firm posted $0.38 earnings per share. The firm's revenue for the quarter was down 5.8% on a year-over-year basis. As a group, sell-side analysts forecast that Block will post -0.72 EPS for the current year.

Insider Transactions at Block

In related news, insider Alyssa Henry sold 30,770 shares of Block stock in a transaction dated Wednesday, May 25th. The stock was sold at an average price of $76.44, for a total value of $2,352,058.80. Following the sale, the insider now owns 433,543 shares of the company's stock, valued at $33,140,026.92. The transaction 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 firm's stock in a transaction that occurred on Wednesday, May 25th. The stock was sold at an average price of $76.44, for a total value of $2,352,058.80. Following the completion of the transaction, the insider now directly owns 433,543 shares in the company, valued at $33,140,026.92. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Amrita Ahuja sold 8,130 shares of the company's stock in a transaction that occurred on Monday, August 8th. The stock was sold at an average price of $88.13, for a total value of $716,496.90. Following the sale, the chief financial officer now owns 151,829 shares in the company, valued at approximately $13,380,689.77. 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.

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SQ Stock News Headlines

Amrita Ahuja Sells 8,130 Shares of Block, Inc. (NYSE:SQ) Stock
Mizuho Lowers Block (NYSE:SQ) Price Target to $125.00
Barclays Lowers Block (NYSE:SQ) Price Target to $130.00
Block (NYSE:SQ) Rating Reiterated by William Blair
Block (NYSE:SQ) Given "Market Perform" Rating at William Blair
Block (NYSE:SQ) Given New $125.00 Price Target at Mizuho
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
See More Headlines
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SQ Company Calendar

Last Earnings
8/04/2022
Today
8/13/2022
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
$152.34
High Stock Price Forecast
$371.00
Low Stock Price Forecast
$64.00
Forecasted Upside/Downside
+73.2%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.88
Research Coverage
40 Analysts

Profitability

Net Income
$166.28 million
Pretax Margin
-3.03%

Debt

Sales & Book Value

Annual Sales
$17.66 billion
Cash Flow
$0.92 per share
Book Value
$29.12 per share

Miscellaneous

Free Float
513,235,000
Market Cap
$51.02 billion
Optionable
Optionable
Beta
2.45

Social Links















SQ Stock - Frequently Asked Questions

Should I buy or sell Block stock right now?

40 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Block in the last twelve months. There are currently 5 hold ratings and 35 buy ratings for the stock. The consensus among Wall Street 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 2022?

40 equities research analysts have issued 12-month price objectives for Block's stock. Their SQ share price forecasts range from $64.00 to $371.00. On average, they predict the company's share price to reach $152.34 in the next twelve months. This suggests a possible upside of 73.2% 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 2022. Since then, SQ stock has decreased by 45.5% and is now trading at $87.95.
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, November 3rd 2022.
View our SQ earnings forecast
.

How were Block's earnings last quarter?

Block, Inc. (NYSE:SQ) released its earnings results 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 the consensus estimate of $4.33 billion. Block had a negative trailing twelve-month return on equity of 2.52% and a negative net margin of 3.00%. The firm's revenue was down 5.8% on a year-over-year basis. During the same quarter last year, the company earned $0.38 EPS.

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 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 served 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 many different retail and institutional investors. Top institutional shareholders include Sands Capital Management LLC (2.84%), Loomis Sayles & Co. L P (1.24%), UBS Group AG (0.00%), Northern Trust Corp (0.51%), Renaissance Technologies LLC (0.44%) and Swiss National Bank (0.39%). 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 $87.95.

How much money does Block make?

Block (NYSE:SQ) has a market capitalization of $51.02 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?

The company 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 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 8/14/2022 by MarketBeat.com Staff

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