Ajmere Dale Sells 500 Shares of Block, Inc. (NYSE:SQ) Stock

Block, Inc. (NYSE:SQ) 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.

Block (NYSE:SQ) last issued its quarterly earnings results on Thursday, August 1st. The technology company reported $0.93 EPS for the quarter, topping analysts’ consensus estimates of $0.84 by $0.09. Block had a return on equity of 3.77% and a net margin of 3.47%. The business had revenue of $6.16 billion during the quarter, compared to analysts’ expectations of $6.27 billion. During the same quarter in the prior year, the business posted $0.40 earnings per share. The business’s quarterly revenue was up 11.2% on a year-over-year basis. As a group, equities analysts forecast that Block, Inc. will post 1.72 EPS for the current year.

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.

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.