Analysts Issue Forecasts for Block’s Q2 Earnings (NYSE:SQ)

Block, Inc. (NYSE:SQ) – William Blair boosted their Q2 2025 EPS estimates for shares of Block in a research report issued on Tuesday, January 7th. William Blair analyst A. Jeffrey now forecasts that the technology company will post earnings per share of $0.71 for the quarter, up from their previous estimate of $0.70. William Blair currently has a “Outperform” rating on the stock. The consensus estimate for Block’s current full-year earnings is $1.73 per share.

Several other research firms have also commented on SQ. Monness Crespi & Hardt raised shares of Block from a “neutral” rating to a “buy” rating and set a $115.00 price target for the company in a research report on Friday, December 13th. Barclays upped their price target on shares of Block from $100.00 to $112.00 and gave the company an “overweight” rating in a research note on Tuesday, December 17th. Morgan Stanley upped their target price on Block from $60.00 to $65.00 and gave the company an “underweight” rating in a research report on Wednesday, December 18th. The Goldman Sachs Group upped their target price on Block from $87.00 to $102.00 and gave the stock a “buy” rating in a research note on Monday, December 2nd. Finally, Piper Sandler reissued an “overweight” rating and set a $83.00 target price on shares of Block in a research note on Monday, November 11th. One analyst has rated the stock with a sell rating, five have issued a hold rating and twenty-seven have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $96.77.

Block Trading Down 4.7 %

SQ opened at $82.66 on Friday. Block has a 52 week low of $55.00 and a 52 week high of $99.26. The company has a quick ratio of 2.07, a current ratio of 2.07 and a debt-to-equity ratio of 0.26. The stock’s fifty day moving average is $88.60 and its two-hundred day moving average is $73.96. The company has a market capitalization of $51.23 billion, a P/E ratio of 46.44, a PEG ratio of 1.23 and a beta of 2.51.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Baillie Gifford & Co. grew its position in shares of Block by 1.5% during the third quarter. Baillie Gifford & Co. now owns 10,233,102 shares of the technology company’s stock worth $686,948,000 after buying an additional 147,873 shares in the last quarter. Geode Capital Management LLC grew its stake in Block by 1.6% in the third quarter. Geode Capital Management LLC now owns 8,690,075 shares of the technology company’s stock worth $581,923,000 after purchasing an additional 133,002 shares in the last quarter. Lone Pine Capital LLC increased its holdings in Block by 13.9% in the second quarter. Lone Pine Capital LLC now owns 7,670,523 shares of the technology company’s stock valued at $494,672,000 after buying an additional 934,588 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in Block by 2.1% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,202,388 shares of the technology company’s stock worth $147,846,000 after buying an additional 45,472 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its position in shares of Block by 17.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,157,733 shares of the technology company’s stock worth $139,143,000 after acquiring an additional 326,444 shares in the last quarter. 70.44% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, insider Owen Britton Jennings sold 2,836 shares of the stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $89.38, for a total transaction of $253,481.68. Following the transaction, the insider now directly owns 195,449 shares in the company, valued at approximately $17,469,231.62. This represents a 1.43 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Chrysty Esperanza sold 2,964 shares of the stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $80.00, for a total transaction of $237,120.00. Following the transaction, the insider now owns 88,607 shares in the company, valued at approximately $7,088,560. The trade was a 3.24 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 29,981 shares of company stock worth $2,681,185 over the last ninety days. 10.49% of the stock is currently owned by insiders.

Block Company Profile

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.