Block, Inc. (NYSE:SQ – Get Free Report) CAO Ajmere Dale sold 500 shares of the business’s stock in a transaction dated Tuesday, October 1st. The shares were sold at an average price of $67.00, for a total transaction of $33,500.00. Following the completion of the transaction, the chief accounting officer now owns 90,460 shares in the company, valued at $6,060,820. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.
Ajmere Dale also recently made the following trade(s):
- On Wednesday, August 21st, Ajmere Dale sold 1,406 shares of Block stock. The stock was sold at an average price of $64.70, for a total value of $90,968.20.
- On Tuesday, August 13th, Ajmere Dale sold 500 shares of Block stock. The stock was sold at an average price of $61.88, for a total value of $30,940.00.
Block Stock Up 2.1 %
SQ opened at $67.02 on Friday. Block, Inc. has a 1-year low of $38.85 and a 1-year high of $87.52. The firm’s 50 day simple moving average is $64.13 and its two-hundred day simple moving average is $68.11. The company has a current ratio of 1.82, a quick ratio of 1.82 and a debt-to-equity ratio of 0.26. The company has a market capitalization of $41.35 billion, a PE ratio of 87.04, a PEG ratio of 1.17 and a beta of 2.49.
Institutional Investors Weigh In On Block
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Riverview Trust Co purchased a new stake in Block in the 1st quarter worth $28,000. YHB Investment Advisors Inc. purchased a new stake in shares of Block during the first quarter worth about $33,000. Vima LLC purchased a new stake in shares of Block during the fourth quarter worth about $34,000. LRI Investments LLC bought a new stake in Block during the 1st quarter valued at approximately $34,000. Finally, Unique Wealth Strategies LLC purchased a new position in Block in the 2nd quarter worth approximately $34,000. Institutional investors own 70.44% of the company’s stock.
Wall Street Analyst Weigh In
Several analysts recently weighed in on the stock. Royal Bank of Canada reiterated an “outperform” rating and issued a $88.00 price target on shares of Block in a report on Friday, August 2nd. Macquarie reaffirmed an “outperform” rating and set a $100.00 price objective on shares of Block in a research report on Friday, July 26th. New Street Research assumed coverage on Block in a research report on Monday, September 9th. They issued a “neutral” rating and a $70.00 target price for the company. Susquehanna restated a “positive” rating and set a $100.00 price target on shares of Block in a research report on Wednesday, June 26th. Finally, BMO Capital Markets decreased their price objective on Block from $93.00 to $92.00 and set an “outperform” rating for the company in a report on Thursday. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, twenty-four have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $87.31.
Get Our Latest Stock Report on Block
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.
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