Should I buy or sell Block stock right now?

33 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Block in the last twelve months. There are currently 1 sell rating, 5 hold ratings and 27 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" SQ shares. View SQ analyst ratings or view top-rated stocks .

What is Block's stock price target for 2024?

33 Wall Street research analysts have issued twelve-month target prices for Block's shares. Their SQ share price targets range from $46.00 to $106.00. On average, they expect the company's stock price to reach $84.41 in the next year. This suggests a possible upside of 14.8% 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 2024?

Block's stock was trading at $77.35 on January 1st, 2024. Since then, SQ shares have decreased by 5.0% and is now trading at $73.51. View the best growth stocks for 2024 here .

When is Block's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, May 2nd 2024. View our SQ earnings forecast .

How can I listen to Block's earnings call?

Block will be holding an earnings conference call on Thursday, May 2nd at 5:00 PM Eastern. Interested parties can register for or listen to the call using this link .

How were Block's earnings last quarter?

Block, Inc. (NYSE:SQ) issued its quarterly earnings data on Thursday, February, 22nd. The technology company reported $0.03 earnings per share for the quarter, beating analysts' consensus estimates of $0.02 by $0.01. The technology company earned $5.77 billion during the quarter, compared to analyst estimates of $5.69 billion. Block had a net margin of 0.04% and a trailing twelve-month return on equity of 0.63%.

What ETFs hold Block's stock?

ETFs with the largest weight of Block (NYSE:SQ) stock in their portfolio include ARK Fintech Innovation ETF (ARKF) , ARK Next Generation Internation ETF (ARKW) , ARK Innovation ETF (ARKK) , First Trust SkyBridge Crypto Industry and Digital Economy ETF (CRPT) , VanEck Digital Transformation ETF (DAPP) , Grayscale Future of Finance ETF (GFOF) , Global X FinTech Thematic ETF (FINX) and Amplify Mobile Payments ETF (IPAY) .

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) .

Block (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.

Who are Block's major shareholders?

Block's stock is owned by a variety of retail and institutional investors. Top institutional shareholders include Los Angeles Capital Management LLC (0.04%), ST Germain D J Co. Inc. (0.02%), Campbell Capital Management Inc. (0.01%), Global Assets Advisory LLC (0.00%), CHURCHILL MANAGEMENT Corp (0.00%) and Richard P Slaughter Associates Inc (0.00%). Insiders that own company stock include Ajmere Dale , Alyssa Henry , Amrita Ahuja , Brian Grassadonia , Chrysty Esperanza, Ernest C Garcia II, Jack Dorsey , James Morgan Jr Mckelvey , Lawrence Henry Summers , Mohan Maheswaran, Roelof Botha 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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services. Compare Top Brokerages Here .

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NYSE:SQ

Block (SQ) Stock Price, News & Analysis

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$73.51

+0.37 (+0.51%)

(As of 04/17/2024 ET)

Compare

Today's Range: $71.89
▼
$74.53
50-Day Range: $64.47
▼
$85.71
52-Week Range: $38.85
▼
$87.52

Volume: 5.92 million shs
Average Volume: 6.61 million shs
Market Capitalization: $45.26 billion

P/E Ratio: 430.23
Dividend Yield: N/A
Price Target: $84.41

Get Block alerts:

Block MarketRank™ Stock Analysis

Analyst Rating: Moderate Buy
2.79 Rating Score
Upside/Downside: 14.8% Upside
$84.41 Price Target
Short Interest: Healthy
2.14% of Shares Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: 0.46
Based on 20 Articles This Week
Insider Trading: Selling Shares
$27.28 M Sold Last Quarter
Proj. Earnings Growth: 102.94%
From $1.02 to $2.07 Per Share

Overall MarketRank^™

New Rank-Based ScoringMarketRank^™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

3.49 out of 5 stars

Business Services Sector

97th out of 311 stocks

Prepackaged Software Industry

69th out of 193 stocks

3.4

Analyst's Opinion

Consensus Rating
Block has received a consensus rating of Moderate Buy. The company's average rating score is 2.79, and is based on 27 buy ratings, 5 hold ratings, and 1 sell rating.
Amount of Analyst Coverage
Block has been the subject of 18 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

4.0

Short Interest

Percentage of Shares Shorted
2.14% 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 1.3, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in Block has recently decreased by 0.90%, indicating that investor sentiment is improving.

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.

1.9

News and Social Media Coverage

News Sentiment
Block has a news sentiment score of 0.46. 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 news sentiment score is similar to the average news sentiment of Business Services companies.
News Coverage This Week
MarketBeat has tracked 20 news articles for Block this week, compared to 9 articles on an average week.
Search Interest
Only 107 people have searched for SQ on MarketBeat in the last 30 days. This is a decrease of -35% compared to the previous 30 days.
MarketBeat Follows
Only 47 people have added Block to their MarketBeat watchlist in the last 30 days. This is a decrease of -13% 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 $27,284,175.00 in company stock.
Percentage Held by Insiders
10.79% 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
70.44% of the stock of Block is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

1.9

Earnings and Valuation

Earnings Growth
Earnings for Block are expected to grow by 102.94% in the coming year, from $1.02 to $2.07 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Block is 430.23, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 137.12.
Price to Earnings Ratio vs. Sector
The P/E ratio of Block is 430.23, which means that it is trading at a more expensive P/E ratio than the Business Services sector average P/E ratio of about 29.55.
Price to Earnings Growth Ratio
Block has a PEG Ratio of 2.16. PEG Ratios above 1 indicate that a company could be overvalued.
Price to Book Value per Share Ratio
Block has a P/B Ratio of 2.42. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

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About Block Stock (NYSE:SQ)

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.

SQ Stock Price History

30 days | 90 days | 365 days | Advanced Chart

SQ Stock News Headlines

April 5, 2024 | insidertrades.com

Insider Selling: Block, Inc. (NYSE:SQ) CFO Sells 4,170 Shares of Stock

April 4, 2024 | insidertrades.com

Ajmere Dale Sells 500 Shares of Block, Inc. (NYSE:SQ) Stock

April 18, 2024 | TradingTips (Ad)

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April 18, 2024 | americanbankingnews.com

Q1 2024 EPS Estimates for Block, Inc. (NYSE:SQ) Boosted by Analyst

April 17, 2024 | finance.yahoo.com

Institutional investors in Block, Inc. (NYSE:SQ) lost 8.6% last week but have reaped the benefits of longer-term growth

April 17, 2024 | investorplace.com

Rate Cut Rockets: 3 Stocks to Soar When Interest Rates Fall

April 17, 2024 | americanbankingnews.com

Block, Inc. (NYSE:SQ) to Post FY2024 Earnings of $0.23 Per Share, Seaport Res Ptn Forecasts

April 16, 2024 | investorplace.com

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April 14, 2024 | seekingalpha.com

Block: Top Fintech Growth Stock Poised For A Breakout

April 13, 2024 | americanbankingnews.com

Block (NYSE:SQ) PT Raised to $100.00 at Wolfe Research

April 12, 2024 | americanbankingnews.com

Mizuho Increases Block (NYSE:SQ) Price Target to $106.00

April 10, 2024 | markets.businessinsider.com

Block's Growth Fueled by Cash App Expansion, Square Ecosystem Focus, Says Analyst

April 10, 2024 | fool.com

Is Block Stock a Buy?

April 6, 2024 | investorplace.com

The 3 Best Blockchain Stocks to Buy in April 2024

April 5, 2024 | investorplace.com

3 Fintech Stocks About to Post Multibagger Gains This Year

April 5, 2024 | msn.com

Block (NYSE:SQ) Declines After Top Analyst Downgrade

April 4, 2024 | businesswire.com

Block to Announce First Quarter 2024 Results

April 4, 2024 | msn.com

What's Going On With Block Stock Thursday?

April 4, 2024 | bizjournals.com

Financial services firm Block makes Missouri layoffs

April 2, 2024 | seekingalpha.com

Block: Success In Chasing A Big Market Opportunity Deserves A Higher Target Price

April 1, 2024 | investorplace.com

The 3 Most Undervalued Fintech Stocks to Buy in April 2024

April 1, 2024 | seekingalpha.com

Block Has More Than Doubled Off Its Lows, But I Feel It's Overvalued

April 1, 2024 | seekingalpha.com

Block: Chasing Momentum Is Extremely Risky For Shareholders

April 1, 2024 | seekingalpha.com

Block: I Don't Get The Optimism

March 28, 2024 | benzinga.com

Company Calendar

Last Earnings: 2/22/2024
Today: 4/17/2024
Next Earnings (Confirmed): 5/02/2024
Fiscal Year End: 12/31/2024

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: NYSE
Sector: Business Services
Industry: Prepackaged software
Sub-Industry: N/A
Current Symbol: NYSE:SQ
CUSIP: N/A
CIK: 1512673
Web: www.squareup.com
Phone: 415-375-3176
Fax: N/A
Employees: 12,985
Year Founded: 2009

Price Target and Rating

Average Stock Price Target: $84.41
High Stock Price Target: $106.00
Low Stock Price Target: $46.00
Potential Upside/Downside: +14.8%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.79
Research Coverage: 33 Analysts

Profitability

EPS (Most Recent Fiscal Year): N/A
Trailing P/E Ratio: 432.35
Forward P/E Ratio: 72.07
P/E Growth: 2.18
Net Income: $9.77 million
Net Margins: 0.04%
Pretax Margin: -0.13%
Return on Equity: 0.63%
Return on Assets: 0.35%

Debt

Debt-to-Equity Ratio: 0.22
Current Ratio: 1.90
Quick Ratio: 1.90

Sales & Book Value

Annual Sales: $21.92 billion
Price / Sales: 2.07
Cash Flow: N/A
Price / Cash Flow: N/A
Book Value: $30.35 per share
Price / Book: 2.42

Miscellaneous

Outstanding Shares: 615,690,000
Free Float: 549,260,000
Market Cap: $45.26 billion
Optionable: Optionable
Beta: 2.55

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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

Should I Buy Block Stock? SQ Pros and Cons Explained

Pros

Here are some ways that investors could benefit from investing in Block, Inc.:

Block, Inc. has been receiving positive ratings from Wall Street analysts, with an average price target of $83.72, indicating potential growth.
Recent insider buying activities suggest confidence in the company's future performance, which can be a positive signal for investors.
The stock price of Block, Inc. has been trading up, showing positive momentum in the market.
Block, Inc. has a strong presence among institutional investors, indicating trust and support from financial experts.
The company's recent acquisitions and investments by notable firms like International Assets Investment Management LLC can signal growth opportunities.

Cons

Investors should be bearish about investing in Block, Inc. for these reasons:

Despite positive ratings, there is always a level of risk associated with investing in any company, including Block, Inc.
Market volatility can impact the stock price of Block, Inc., leading to potential losses for investors.
Increased competition in the technology sector could pose challenges for Block, Inc. in maintaining its market position.
Fluctuations in the global economy may affect the company's performance and stock value.
Regulatory changes or legal issues in the industry could impact Block, Inc.'s operations and financial results.

These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Friday, April 12, 2024. Please send any questions or comments about these Block pros and cons to contact@marketbeat.com.

SQ Stock Analysis - Frequently Asked Questions

Should I buy or sell Block stock right now?: 33 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Block in the last twelve months. There are currently 1 sell rating, 5 hold ratings and 27 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" SQ shares.
View SQ analyst ratings or view top-rated stocks.
What is Block's stock price target for 2024?: 33 Wall Street research analysts have issued twelve-month target prices for Block's shares. Their SQ share price targets range from $46.00 to $106.00. On average, they expect the company's stock price to reach $84.41 in the next year. This suggests a possible upside of 14.8% 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 2024?: Block's stock was trading at $77.35 on January 1st, 2024. Since then, SQ shares have decreased by 5.0% and is now trading at $73.51.
View the best growth stocks for 2024 here.
When is Block's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Thursday, May 2nd 2024.
View our SQ earnings forecast.
How can I listen to Block's earnings call?: Block will be holding an earnings conference call on Thursday, May 2nd at 5:00 PM Eastern. Interested parties can register for or listen to the call using this link.
How were Block's earnings last quarter?: Block, Inc. (NYSE:SQ) issued its quarterly earnings data on Thursday, February, 22nd. The technology company reported $0.03 earnings per share for the quarter, beating analysts' consensus estimates of $0.02 by $0.01. The technology company earned $5.77 billion during the quarter, compared to analyst estimates of $5.69 billion. Block had a net margin of 0.04% and a trailing twelve-month return on equity of 0.63%.

What ETFs hold Block's stock?: ETFs with the largest weight of Block (NYSE:SQ) stock in their portfolio include ARK Fintech Innovation ETF (ARKF), ARK Next Generation Internation ETF (ARKW), ARK Innovation ETF (ARKK), First Trust SkyBridge Crypto Industry and Digital Economy ETF (CRPT), VanEck Digital Transformation ETF (DAPP), Grayscale Future of Finance ETF (GFOF), Global X FinTech Thematic ETF (FINX) and Amplify Mobile Payments ETF (IPAY).
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?: Block (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.
Who are Block's major shareholders?: Block's stock is owned by a variety of retail and institutional investors. Top institutional shareholders include Los Angeles Capital Management LLC (0.04%), ST Germain D J Co. Inc. (0.02%), Campbell Capital Management Inc. (0.01%), Global Assets Advisory LLC (0.00%), CHURCHILL MANAGEMENT Corp (0.00%) and Richard P Slaughter Associates Inc (0.00%). Insiders that own company stock include Ajmere Dale, Alyssa Henry, Amrita Ahuja, Brian Grassadonia, Chrysty Esperanza, Ernest C Garcia II, Jack Dorsey, James Morgan Jr Mckelvey, Lawrence Henry Summers, Mohan Maheswaran, Roelof Botha 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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NYSE:SQ) was last updated on 4/18/2024 by MarketBeat.com Staff

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Block (SQ) Stock Price, News & Analysis

Block MarketRank™ Stock Analysis

Overall MarketRank™

Analyst's Opinion

Short Interest

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

Change versus previous month

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

News and Social Media Coverage

News Sentiment

News Coverage This Week

Search Interest

MarketBeat Follows

Company Ownership

Earnings and Valuation

About Block Stock (NYSE:SQ)

SQ Stock Price History

SQ Stock News Headlines

Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Social Links

Key Executives

Key Competitors

Insiders & Institutions

Should I Buy Block Stock? SQ Pros and Cons Explained

Pros

Cons

SQ Stock Analysis - Frequently Asked Questions

Overall MarketRank^™