Block, Inc. (NYSE:SQ - Get Free Report) CAO Ajmere Dale sold 500 shares of Block stock in a transaction dated Monday, April 1st. The shares were sold at an average price of $84.75, for a total value of $42,375.00. Following the completion of the transaction, the chief accounting officer now directly owns 68,323 shares of the company's stock, valued at $5,790,374.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Ajmere Dale also recently made the following trade(s):
- On Wednesday, February 21st, Ajmere Dale sold 656 shares of Block stock. The stock was sold at an average price of $64.30, for a total value of $42,180.80.
Block Trading Up 0.6 %
Shares of Block stock opened at $79.65 on Thursday. Block, Inc. has a 12-month low of $38.85 and a 12-month high of $87.52. The stock has a market cap of $49.04 billion, a P/E ratio of 465.94, a P/E/G ratio of 2.34 and a beta of 2.55. The company has a quick ratio of 1.90, a current ratio of 1.90 and a debt-to-equity ratio of 0.22. The business's 50 day moving average is $74.27 and its 200-day moving average is $63.57.
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Block (NYSE:SQ - Get Free Report) last announced its quarterly earnings data on Thursday, February 22nd. The technology company reported $0.03 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.02 by $0.01. Block had a return on equity of 0.63% and a net margin of 0.04%. The company had revenue of $5.77 billion for the quarter, compared to analysts' expectations of $5.69 billion. Equities research analysts predict that Block, Inc. will post 1.03 earnings per share for the current fiscal year.
Institutional Inflows and Outflows
A number of institutional investors have recently made changes to their positions in SQ. Campbell Capital Management Inc. grew its holdings in Block by 83.1% in the 1st quarter. Campbell Capital Management Inc. now owns 45,770 shares of the technology company's stock valued at $3,871,000 after buying an additional 20,770 shares in the last quarter. ST Germain D J Co. Inc. grew its holdings in Block by 1.5% in the 1st quarter. ST Germain D J Co. Inc. now owns 106,771 shares of the technology company's stock valued at $9,031,000 after buying an additional 1,613 shares in the last quarter. Symmetry Partners LLC acquired a new position in Block in the 1st quarter valued at $270,000. Newbridge Financial Services Group Inc. grew its holdings in Block by 7.5% in the 4th quarter. Newbridge Financial Services Group Inc. now owns 10,456 shares of the technology company's stock valued at $809,000 after buying an additional 727 shares in the last quarter. Finally, HighPoint Advisor Group LLC acquired a new position in Block in the 4th quarter valued at $254,000. 70.44% of the stock is owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
A number of analysts recently commented on SQ shares. Royal Bank of Canada lifted their price objective on Block from $77.00 to $88.00 and gave the stock an "outperform" rating in a research report on Friday, February 23rd. Citigroup boosted their target price on Block from $76.00 to $86.00 and gave the stock a "buy" rating in a research report on Monday, February 26th. Monness Crespi & Hardt boosted their target price on Block from $85.00 to $100.00 and gave the stock a "buy" rating in a research report on Friday, February 23rd. Keefe, Bruyette & Woods boosted their target price on Block from $74.00 to $78.00 and gave the stock a "market perform" rating in a research report on Friday, February 23rd. Finally, Piper Sandler restated an "overweight" rating and set a $88.00 target price (up from $86.00) on shares of Block in a research report on Friday, February 23rd. Seven research analysts have rated the stock with a hold rating and twenty-six have issued a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $83.69.
View Our Latest Report on SQ
Block Company Profile
(
Get Free Report)
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.
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