Block, Inc. (NYSE:SQ) CAO Ajmere Dale Sells 629 Shares

Block, Inc. (NYSE:SQ – Get Rating) CAO Ajmere Dale sold 629 shares of the firm’s stock in a transaction that occurred on Monday, May 22nd. The shares were sold at an average price of $59.61, for a total value of $37,494.69. Following the completion of the transaction, the chief accounting officer now owns 74,458 shares in the company, valued at approximately $4,438,441.38. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Ajmere Dale also recently made the following trade(s):

• On Monday, April 3rd, Ajmere Dale sold 887 shares of Block stock. The shares were sold at an average price of $67.00, for a total value of $59,429.00.

Block Price Performance

SQ opened at $59.30 on Friday. The stock has a 50-day moving average price of $63.18 and a 200-day moving average price of $68.27. Block, Inc. has a 12-month low of $51.34 and a 12-month high of $93.19. The company has a current ratio of 1.83, a quick ratio of 1.83 and a debt-to-equity ratio of 0.24.

Block (NYSE:SQ – Get Rating) last posted its quarterly earnings data on Thursday, May 4th. The technology company reported $0.06 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.11) by $0.17. Block had a negative return on equity of 1.22% and a negative net margin of 1.92%. The firm had revenue of $4.99 billion during the quarter, compared to analysts’ expectations of $4.58 billion. As a group, equities analysts expect that Block, Inc. will post -0.04 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the company. Atlantic Securities lowered Block from an “overweight” rating to a “neutral” rating and dropped their target price for the company from $95.00 to $70.00 in a report on Friday, March 24th. Wells Fargo & Company decreased their price target on Block from $108.00 to $105.00 in a research report on Friday, May 5th. BMO Capital Markets decreased their price target on Block from $101.00 to $88.00 in a research report on Friday, May 5th. CLSA downgraded Block from a “buy” rating to an “underperform” rating and decreased their price target for the company from $93.00 to $63.00 in a research report on Thursday, May 11th. Finally, Bank of America decreased their price target on Block from $96.00 to $86.00 in a research report on Wednesday, May 10th. Four analysts have rated the stock with a sell rating, six have assigned a hold rating and twenty-two have given a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $96.03.

Institutional Investors Weigh In On Block

Institutional investors have recently bought and sold shares of the stock. Oxler Private Wealth LLC boosted its holdings in Block by 95.7% during the 3rd quarter. Oxler Private Wealth LLC now owns 460 shares of the technology company’s stock valued at $25,000 after acquiring an additional 225 shares during the period. Ronald Blue Trust Inc. raised its position in Block by 72.5% during the 4th quarter. Ronald Blue Trust Inc. now owns 476 shares of the technology company’s stock valued at $26,000 after purchasing an additional 200 shares during the last quarter. IAG Wealth Partners LLC raised its position in Block by 100.0% during the 1st quarter. IAG Wealth Partners LLC now owns 400 shares of the technology company’s stock valued at $27,000 after purchasing an additional 200 shares during the last quarter. Strategic Investment Solutions Inc. IL bought a new position in Block during the 1st quarter valued at approximately $31,000. Finally, GPS Wealth Strategies Group LLC bought a new position in Block during the 1st quarter valued at approximately $32,000. 59.49% of the stock is currently owned by hedge funds and other institutional investors.

Block Company Profile

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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.