---
title: "Block, Inc. (NYSE:SQ) Given Consensus Rating of \"Moderate Buy\" by Brokerages"
description: "Block, Inc. (NYSE: SQ) has been given a consensus rating of \"Moderate Buy\" by thirty-one research firms. Among them, one analyst rated it a sell, five a hold, twenty-four a buy, and one a strong buy. "
type: "news"
locale: "en"
url: "https://longbridge.com/en/news/212514204.md"
published_at: "2024-08-26T08:15:30.000Z"
---

# Block, Inc. (NYSE:SQ) Given Consensus Rating of "Moderate Buy" by Brokerages

> Block, Inc. (NYSE: SQ) has been given a consensus rating of "Moderate Buy" by thirty-one research firms. Among them, one analyst rated it a sell, five a hold, twenty-four a buy, and one a strong buy. Price targets vary, with recent adjustments by TD Cowen and BMO Capital Markets. Director Roelof Botha acquired 434,405 shares at $7.55. Insiders hold 10.49% of the stock, with institutional investors owning 70.44%. Currently, the stock trades at $7.36 with a market cap of $38.33 billion, reflecting a high P/E ratio of 84.88.

Shares of Block, Inc. (NYSE:SQ - Get Free Report) have received a consensus rating of "Moderate Buy" from the thirty-one research firms that are presently covering the company, Marketbeat.com reports. One analyst has rated the stock with a sell rating, five have assigned a hold rating, twenty-four have given a buy rating and one has given a strong buy rating to the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $86.59.

-   MarketBeat Week in Review – 7/29 - 8/2

Several analysts have weighed in on the stock. TD Cowen boosted their price target on shares of Block from $90.00 to $92.00 and gave the stock a "buy" rating in a research note on Friday, May 3rd. BMO Capital Markets raised their price target on Block from $92.00 to $93.00 and gave the stock an "outperform" rating in a research report on Friday, August 2nd. Robert W. Baird boosted their price objective on Block from $98.00 to $100.00 and gave the company an "outperform" rating in a research report on Friday, May 3rd. Keefe, Bruyette & Woods cut their target price on shares of Block from $82.00 to $74.00 and set a "market perform" rating on the stock in a report on Monday, July 8th. Finally, Monness Crespi & Hardt reaffirmed a "neutral" rating on shares of Block in a research note on Thursday, May 2nd.

**Check Out Our Latest Analysis on SQ**

## Insider Buying and Selling

-   Analysts Expect At Least 60% Upside In This Fintech

In related news, Director Roelof Botha purchased 434,405 shares of Block stock in a transaction dated Tuesday, August 6th. The stock was purchased at an average cost of $57.55 per share, for a total transaction of $25,000,007.75. Following the completion of the acquisition, the director now directly owns 434,405 shares of the company's stock, valued at $25,000,007.75. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. In other Block news, Director Roelof Botha acquired 434,405 shares of the stock in a transaction that occurred on Tuesday, August 6th. The shares were acquired at an average cost of $57.55 per share, with a total value of $25,000,007.75. Following the transaction, the director now owns 434,405 shares of the company's stock, valued at approximately $25,000,007.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Ajmere Dale sold 471 shares of Block stock in a transaction on Tuesday, July 2nd. The stock was sold at an average price of $64.37, for a total value of $30,318.27. Following the completion of the sale, the chief accounting officer now directly owns 92,866 shares of the company's stock, valued at approximately $5,977,784.42. The disclosure for this sale can be found here. Insiders have sold 28,179 shares of company stock worth $1,833,962 in the last 90 days. Insiders own 10.49% of the company's stock.

## Institutional Trading of Block

A number of institutional investors have recently made changes to their positions in SQ. Norges Bank purchased a new position in shares of Block during the fourth quarter valued at approximately $528,996,000. Baillie Gifford & Co. grew its position in Block by 45.7% in the 2nd quarter. Baillie Gifford & Co. now owns 10,085,229 shares of the technology company's stock worth $650,396,000 after purchasing an additional 3,163,975 shares during the period. Lone Pine Capital LLC raised its stake in Block by 70.0% during the 4th quarter. Lone Pine Capital LLC now owns 6,606,269 shares of the technology company's stock valued at $510,995,000 after buying an additional 2,720,123 shares during the last quarter. Trivest Advisors Ltd bought a new position in shares of Block during the 4th quarter valued at $157,021,000. Finally, Vanguard Group Inc. boosted its stake in shares of Block by 3.7% in the 4th quarter. Vanguard Group Inc. now owns 36,192,701 shares of the technology company's stock worth $2,799,505,000 after buying an additional 1,277,043 shares during the last quarter. Hedge funds and other institutional investors own 70.44% of the company's stock.

## Block Stock Performance

-   Affirm Holdings Stock: Is It Time to Buy Now and Get Paid Later?

Shares of NYSE SQ opened at $65.36 on Monday. The stock's 50-day moving average is $63.92 and its 200 day moving average is $69.89. The stock has a market cap of $40.33 billion, a price-to-earnings ratio of 84.88, a P/E/G ratio of 1.15 and a beta of 2.52. Block has a 1-year low of $38.85 and a 1-year high of $87.52. The company has a current ratio of 1.82, a quick ratio of 1.82 and a debt-to-equity ratio of 0.26.

Block (NYSE:SQ - Get Free Report) last posted its quarterly earnings results on Thursday, August 1st. The technology company reported $0.93 EPS for the quarter, topping the consensus estimate of $0.84 by $0.09. Block had a net margin of 3.47% and a return on equity of 3.77%. The firm had revenue of $6.16 billion for the quarter, compared to the consensus estimate of $6.27 billion. During the same period last year, the firm posted $0.40 earnings per share. The business's revenue was up 11.2% compared to the same quarter last year. On average, sell-side analysts anticipate that Block will post 1.72 EPS for the current fiscal year.

## 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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*This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.*

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> **Disclaimer**: This article is for reference only and does not constitute any investment advice.
