Block, Inc. (NYSE:SQ) Given Average Rating of “Moderate Buy” by Brokerages

Shares of Block, Inc. (NYSE:SQGet Free Report) have been given an average recommendation of “Moderate Buy” by the thirty-three research firms that are presently covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and twenty-seven have given a buy rating to the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $97.68.

A number of equities analysts recently issued reports on the company. William Blair reaffirmed an “outperform” rating on shares of Block in a report on Friday, November 15th. Needham & Company LLC upped their target price on shares of Block from $80.00 to $90.00 and gave the company a “buy” rating in a report on Friday, November 8th. Citigroup lifted their price target on shares of Block from $90.00 to $108.00 and gave the stock a “buy” rating in a research note on Tuesday, January 14th. Wells Fargo & Company upped their price objective on shares of Block from $85.00 to $95.00 and gave the company an “overweight” rating in a research note on Thursday, January 16th. Finally, Raymond James upgraded Block from a “market perform” rating to an “outperform” rating and set a $115.00 target price on the stock in a research report on Friday, January 3rd.

Read Our Latest Report on SQ

Block Price Performance

Block has a 1-year low of $55.00 and a 1-year high of $99.26. The company has a fifty day moving average price of $89.68 and a 200 day moving average price of $75.13. The company has a current ratio of 2.07, a quick ratio of 2.07 and a debt-to-equity ratio of 0.26. The firm has a market capitalization of $53.90 billion, a PE ratio of 48.92, a price-to-earnings-growth ratio of 0.79 and a beta of 2.51.

Insider Transactions at Block

In related news, CFO Amrita Ahuja sold 1,502 shares of the firm’s stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $86.52, for a total transaction of $129,953.04. Following the sale, the chief financial officer now directly owns 242,199 shares in the company, valued at approximately $20,955,057.48. This trade represents a 0.62 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Chrysty Esperanza sold 2,964 shares of the business’s 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 in the company, valued at $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. Insiders have sold a total of 29,981 shares of company stock worth $2,681,185 in the last three months. 10.49% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Empirical Financial Services LLC d.b.a. Empirical Wealth Management grew its position in shares of Block by 183.8% during the 4th quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 9,154 shares of the technology company’s stock valued at $778,000 after buying an additional 5,929 shares during the last quarter. Guerra Pan Advisors LLC acquired a new position in Block in the fourth quarter valued at approximately $211,000. Moody Lynn & Lieberson LLC acquired a new position in Block in the fourth quarter valued at approximately $3,775,000. Toth Financial Advisory Corp grew its holdings in shares of Block by 18,150.0% during the fourth quarter. Toth Financial Advisory Corp now owns 7,300 shares of the technology company’s stock valued at $620,000 after purchasing an additional 7,260 shares during the last quarter. Finally, Nepsis Inc. acquired a new stake in shares of Block during the 4th quarter worth approximately $9,769,000. Institutional investors own 70.44% of the company’s stock.

About Block

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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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Analyst Recommendations for Block (NYSE:SQ)

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