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Shares of Block, Inc. (NYSE:SQ - Get Rating) have earned a consensus rating of "Moderate Buy" from the forty-four research firms that are covering the stock, MarketBeat.com reports. Two research analysts have rated the stock with a sell recommendation, five have issued a hold recommendation and twenty-two have issued a buy recommendation on the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $143.02.

SQ has been the subject of several research reports. Piper Sandler dropped their price objective on shares of Block from $105.00 to $84.00 and set a "neutral" rating for the company in a report on Wednesday, July 6th. Wolfe Research dropped their price objective on shares of Block from $90.00 to $85.00 in a report on Wednesday, July 20th. Macquarie downgraded shares of Block from an "outperform" rating to a "neutral" rating and dropped their price objective for the company from $140.00 to $64.00 in a report on Tuesday, July 19th. Royal Bank of Canada increased their price objective on shares of Block from $91.00 to $95.00 in a report on Friday, August 5th. Finally, Credit Suisse Group dropped their price objective on shares of Block from $180.00 to $170.00 and set an "outperform" rating for the company in a report on Wednesday, June 15th.Block Trading Down 6.2 %

NYSE:SQ opened at $64.89 on Monday. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.80 and a quick ratio of 1.80. The firm has a market capitalization of $37.64 billion, a price-to-earnings ratio of -71.31 and a beta of 2.45. Block has a one year low of $56.01 and a one year high of $270.16. The business has a fifty day moving average price of $73.81 and a 200-day moving average price of $88.98.

Block (NYSE:SQ - Get Rating) last issued its quarterly earnings results on Thursday, August 4th. The technology company reported ($0.19) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.20) by $0.01. Block had a negative return on equity of 2.52% and a negative net margin of 3.00%. The business had revenue of $4.41 billion during the quarter, compared to analyst estimates of $4.33 billion. During the same quarter in the prior year, the business posted $0.38 EPS. Block's revenue for the quarter was down 5.8% compared to the same quarter last year. Sell-side analysts forecast that Block will post -0.72 EPS for the current year. Insider Transactions at Block

In related news, insider Alyssa Henry sold 30,770 shares of the business's stock in a transaction on Wednesday, June 29th. The shares were sold at an average price of $63.47, for a total transaction of $1,952,971.90. Following the completion of the transaction, the insider now directly owns 433,543 shares in the company, valued at $27,516,974.21. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, CAO Ajmere Dale sold 883 shares of the business's stock in a transaction on Tuesday, July 5th. The shares were sold at an average price of $62.63, for a total transaction of $55,302.29. Following the completion of the transaction, the chief accounting officer now directly owns 48,797 shares in the company, valued at $3,056,156.11. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Alyssa Henry sold 30,770 shares of the business's stock in a transaction on Wednesday, June 29th. The shares were sold at an average price of $63.47, for a total transaction of $1,952,971.90. Following the transaction, the insider now owns 433,543 shares of the company's stock, valued at $27,516,974.21. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 360,811 shares of company stock worth $25,701,474. Company insiders own 11.52% of the company's stock. Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in SQ. Fiduciary Trust Co. increased its stake in shares of Block by 17.3% during the fourth quarter. Fiduciary Trust Co. now owns 6,097 shares of the technology company's stock worth $985,000 after purchasing an additional 897 shares in the last quarter. Partners Capital Investment Group LLP increased its stake in shares of Block by 10,035.2% during the fourth quarter. Partners Capital Investment Group LLP now owns 47,838 shares of the technology company's stock worth $7,726,000 after purchasing an additional 47,366 shares in the last quarter. Itau Unibanco Holding S.A. purchased a new stake in shares of Block during the fourth quarter worth about $36,000. Caisse DE Depot ET Placement DU Quebec increased its stake in shares of Block by 42.1% during the fourth quarter. Caisse DE Depot ET Placement DU Quebec now owns 24,660 shares of the technology company's stock worth $3,983,000 after purchasing an additional 7,300 shares in the last quarter. Finally, Sentinel Trust Co. LBA purchased a new stake in shares of Block during the fourth quarter worth about $416,000. Hedge funds and other institutional investors own 62.26% of the company's stock. Block Company Profile (Get Rating)

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.See AlsoGet a free copy of the StockNews.com research report on Block (SQ)Kroger’s is Your One-Stop Consumer Staples StockAdobe Perfects the Art of the Faceplant for InvestorsTax Credits are the Incentives in the Inflation Reduction Act Stock Market: 3 Islands Of Strength In A Sea Of Red3 Banks Worth Considering For Q4

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