Research Analysts’ Weekly Ratings Updates for Block (SQ)

Several analysts have recently updated their ratings and price targets for Block (NYSE: SQ):

• 1/16/2025 – Block had its price target raised by analysts at Wells Fargo & Company from $85.00 to $95.00. They now have an “overweight” rating on the stock.
• 1/14/2025 – Block had its price target raised by analysts at Citigroup Inc. from $90.00 to $108.00. They now have a “buy” rating on the stock.
• 1/6/2025 – Block had its price target lowered by analysts at Keefe, Bruyette & Woods from $105.00 to $100.00. They now have a “market perform” rating on the stock.
• 1/3/2025 – Block was upgraded by analysts at Raymond James from a “market perform” rating to an “outperform” rating. They now have a $115.00 price target on the stock.
• 12/19/2024 – Block was upgraded by analysts at Oppenheimer Holdings Inc. from a “market perform” rating to an “outperform” rating. They now have a $115.00 price target on the stock.
• 12/18/2024 – Block had its price target raised by analysts at Morgan Stanley from $60.00 to $65.00. They now have an “underweight” rating on the stock.
• 12/17/2024 – Block had its price target raised by analysts at Barclays PLC from $100.00 to $112.00. They now have an “overweight” rating on the stock.
• 12/13/2024 – Block was upgraded by analysts at Monness Crespi & Hardt from a “neutral” rating to a “buy” rating. They now have a $115.00 price target on the stock.
• 12/10/2024 – Block had its price target raised by analysts at Macquarie from $100.00 to $110.00. They now have an “outperform” rating on the stock.
• 12/9/2024 – Block had its price target raised by analysts at Keefe, Bruyette & Woods from $80.00 to $105.00. They now have a “market perform” rating on the stock.
• 12/2/2024 – Block had its price target raised by analysts at Sanford C. Bernstein from $90.00 to $120.00. They now have an “outperform” rating on the stock.
• 12/2/2024 – Block had its price target raised by analysts at The Goldman Sachs Group, Inc. from $87.00 to $102.00. They now have a “buy” rating on the stock.
• 11/25/2024 – Block was downgraded by analysts at BMO Capital Markets from an “outperform” rating to a “market perform” rating. They now have a $100.00 price target on the stock, up previously from $94.00.

Block Stock Up 0.8 %

SQ stock opened at $87.08 on Wednesday. Block, Inc. has a 12 month low of $55.00 and a 12 month high of $99.26. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.07 and a quick ratio of 2.07. The company has a market cap of $53.97 billion, a price-to-earnings ratio of 48.92, a price-to-earnings-growth ratio of 0.79 and a beta of 2.51. The company has a fifty day moving average price of $89.68 and a 200 day moving average price of $74.98.

Insiders Place Their Bets

In related news, insider Brian Grassadonia sold 8,328 shares of the stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $91.18, for a total transaction of $759,347.04. Following the completion of the transaction, the insider now directly owns 563,894 shares of the company’s stock, valued at $51,415,854.92. This represents a 1.46 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, insider Chrysty Esperanza sold 2,964 shares of the stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $80.00, for a total value of $237,120.00. Following the transaction, the insider now directly owns 88,607 shares of the company’s stock, valued at approximately $7,088,560. This trade represents a 3.24 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 29,981 shares of company stock valued at $2,681,185. 10.49% of the stock is owned by company insiders.

Hedge Funds Weigh In On Block

Hedge funds and other institutional investors have recently bought and sold shares of the company. Swiss National Bank raised its position in shares of Block by 0.5% during the 3rd quarter. Swiss National Bank now owns 1,651,886 shares of the technology company’s stock worth $110,891,000 after purchasing an additional 8,200 shares during the last quarter. National Pension Service lifted its position in shares of Block by 13.5% in the third quarter. National Pension Service now owns 1,083,113 shares of the technology company’s stock valued at $72,709,000 after acquiring an additional 128,832 shares in the last quarter. Baillie Gifford & Co. boosted its stake 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 valued at $686,948,000 after acquiring an additional 147,873 shares during the last quarter. Nomura Asset Management Co. Ltd. increased its position in Block by 6.2% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 253,787 shares of the technology company’s stock worth $17,037,000 after purchasing an additional 14,822 shares in the last quarter. Finally, Lone Pine Capital LLC raised its stake in Block by 13.9% in the 2nd quarter. Lone Pine Capital LLC now owns 7,670,523 shares of the technology company’s stock valued at $494,672,000 after purchasing an additional 934,588 shares during the last quarter. 70.44% of the stock is owned by institutional investors and hedge funds.

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.