Stocks of Block Inc (NYSE:SQ) traded higher last session on Wall Street, down -2.00% to $39.22.
According to the data, Block Inc (NYSE:SQ) has 48 analysts covering its stock. The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $110.00 and a low of $35.00, we find $71.00. Given the previous closing price of $40.02, this indicates a potential upside of 77.41 percent. SQ stock price is now -20.21% away from the 50-day moving average and -38.79% away from the 200-day moving average. The market capitalization of the company currently stands at $23.93B.
A total of 14 analysts have issued a hold rating and 27 have given it a buy rating. Brokers who have rated the stock have averaged $73.01 as their price target over the next twelve months.
In other news, Grassadonia Brian, Cash App Lead sold 4,584 shares of the company’s stock on Oct 04. The stock was sold for $192,528 at an average price of $42.00. Upon completion of the transaction, the Cash App Lead now directly owns 293,330 shares in the company, valued at $11.5 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Oct 02, Cash App Lead Grassadonia Brian sold 5,438 shares of the business’s stock. A total of $240,843 was realized by selling the stock at an average price of $44.29. This leaves the insider owning 297,914 shares of the company worth $11.68 million. Insiders disposed of 971,375 shares of company stock worth roughly $38.1 million over the past 1 year. A total of 11.66% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in SQ stock. A new stake in Block Inc shares was purchased by ATREIDES MANAGEMENT, LP during the first quarter worth $105,381,000. TWO SIGMA INVESTMENTS, LP invested $60,311,000 in shares of SQ during the first quarter. In the first quarter, POINT72 ASSET MANAGEMENT, L.P. acquired a new stake in Block Inc valued at approximately $52,935,000. RENAISSANCE TECHNOLOGIES LLC acquired a new stake in SQ for approximately $50,998,000. TRIVEST ADVISORS LTD purchased a new stake in SQ valued at around $43,930,000 in the second quarter. In total, there are 1,361 active investors with 60.90% ownership of the company’s stock.
Monday’s opening bell rang with an opening price of $40.37 for Block Inc (NYSE: SQ). During the past 12 months, Block Inc has had a low of $38.91 and a high of $89.97. As of last week, the company has a debt-to-equity ratio of 0.25, a current ratio of 1.92, and a quick ratio of 1.91. The fifty day moving average price for SQ is $48.80 and a two-hundred day moving average price translates $63.91 for the stock.
The latest earnings results from Block Inc (NYSE: SQ) was released for Jun, 2023. According to the Software – Infrastructure Company, earnings per share came in at $0.39, beating analysts’ expectations of $0.36 by 0.03. This compares to -$0.36 EPS in the same period last year. The net profit margin was -1.36% and return on equity was -1.55% for SQ. The company reported revenue of $5.53 billion for the quarter, compared to $4.4 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 25.67 percent. For the current quarter, analysts expect SQ to generate $5.43B in revenue.
