Block, Inc. (NYSE:SQ) Insider Sells $237,120.00 in Stock

Block, Inc. (NYSE:SQ) insider Chrysty Esperanza sold 2,964 shares of the company’s stock in a transaction on 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 position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Block Stock Up 1.1 %

Shares of NYSE SQ opened at $84.30 on Friday. The company has a quick ratio of 2.07, a current ratio of 2.07 and a debt-to-equity ratio of 0.26. Block, Inc. has a 52 week low of $55.00 and a 52 week high of $90.00. The firm’s fifty day moving average is $70.48 and its 200 day moving average is $67.33. The company has a market cap of $51.90 billion, a price-to-earnings ratio of 47.36, a PEG ratio of 1.16 and a beta of 2.48.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on SQ. Needham & Company LLC upped their target price on shares of Block from $80.00 to $90.00 and gave the stock a “buy” rating in a research note on Friday, November 8th. UBS Group reduced their target price on shares of Block from $100.00 to $92.00 and set a “buy” rating for the company in a research note on Tuesday, August 27th. Benchmark reaffirmed a “buy” rating and set a $99.00 price objective on shares of Block in a research note on Friday, August 2nd. Canaccord Genuity Group boosted their price objective on shares of Block from $95.00 to $120.00 and gave the company a “buy” rating in a research note on Tuesday. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and set a $88.00 price objective on shares of Block in a research note on Monday, October 21st. One analyst has rated the stock with a sell rating, five have issued a hold rating and twenty-four have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $91.30.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Yoder Wealth Management Inc. grew its position in shares of Block by 0.4% in the 3rd quarter. Yoder Wealth Management Inc. now owns 39,688 shares of the technology company’s stock worth $2,664,000 after buying an additional 145 shares during the period. Nations Financial Group Inc. IA ADV boosted its stake in Block by 1.9% in the 3rd quarter. Nations Financial Group Inc. IA ADV now owns 7,744 shares of the technology company’s stock worth $520,000 after purchasing an additional 145 shares in the last quarter. Moser Wealth Advisors LLC boosted its stake in Block by 2.5% in the 3rd quarter. Moser Wealth Advisors LLC now owns 6,265 shares of the technology company’s stock worth $421,000 after purchasing an additional 153 shares in the last quarter. Lindbrook Capital LLC boosted its stake in Block by 6.3% in the 3rd quarter. Lindbrook Capital LLC now owns 2,592 shares of the technology company’s stock worth $174,000 after purchasing an additional 154 shares in the last quarter. Finally, Larson Financial Group LLC boosted its stake in Block by 14.8% in the 3rd quarter. Larson Financial Group LLC now owns 1,192 shares of the technology company’s stock worth $80,000 after purchasing an additional 154 shares in the last quarter. 70.44% of the stock is owned by hedge funds and other institutional investors.

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.