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Block (NYSE:SQ - Get Rating) was downgraded by equities researchers at Mizuho from a "buy" rating to a "neutral" rating in a research note issued to investors on Thursday, The Fly reports.

A number of other brokerages have also recently issued reports on SQ. Keefe, Bruyette & Woods cut their price objective on Block from $150.00 to $100.00 in a report on Monday, July 11th. Robert W. Baird cut their price objective on Block from $120.00 to $78.00 in a report on Wednesday, July 20th. Macquarie cut Block from an "outperform" rating to a "neutral" rating and cut their price objective for the company from $140.00 to $64.00 in a report on Tuesday, July 19th. Oppenheimer cut their price objective on Block from $150.00 to $112.00 and set an "outperform" rating for the company in a report on Monday, July 25th. Finally, JPMorgan Chase & Co. cut their price target on Block from $150.00 to $107.00 in a report on Wednesday, July 20th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and thirty-two have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $137.41.Block Stock Down 3.3 %

Shares of SQ stock opened at $59.45 on Thursday. The stock has a market cap of $34.48 billion, a P/E ratio of -65.33 and a beta of 2.45. Block has a one year low of $56.01 and a one year high of $270.16. The stock has a fifty day moving average price of $73.65 and a 200 day moving average price of $88.11. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.80 and a quick ratio of 1.80.

Block (NYSE:SQ - Get Rating) last issued its earnings results on Thursday, August 4th. The technology company reported ($0.19) EPS for the quarter, topping the consensus estimate of ($0.20) by $0.01. The firm had revenue of $4.41 billion during the quarter, compared to analysts' expectations of $4.33 billion. Block had a negative return on equity of 2.52% and a negative net margin of 3.00%. Block's quarterly revenue was down 5.8% compared to the same quarter last year. During the same period last year, the business earned $0.38 earnings per share. Analysts predict that Block will post -0.72 earnings per share for the current year. Insider Buying and Selling

In related news, CFO Amrita Ahuja sold 8,130 shares of the business's stock in a transaction that occurred on Monday, August 8th. The stock was sold at an average price of $88.13, for a total transaction of $716,496.90. Following the transaction, the chief financial officer now directly owns 151,829 shares of the company's stock, valued at approximately $13,380,689.77. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Block news, CFO Amrita Ahuja sold 8,130 shares of the company's stock in a transaction on Monday, August 8th. The stock was sold at an average price of $88.13, for a total value of $716,496.90. Following the transaction, the chief financial officer now directly owns 151,829 shares of the company's stock, valued at approximately $13,380,689.77. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Alyssa Henry sold 30,770 shares of the company's stock in a transaction on Wednesday, June 29th. The shares were sold at an average price of $63.47, for a total value 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 disclosure for this sale can be found here. In the last three months, insiders have sold 330,041 shares of company stock valued at $23,850,966. 11.52% of the stock is owned by insiders. Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in SQ. Renaissance Technologies LLC acquired a new stake in shares of Block during the 2nd quarter worth $157,768,000. 1832 Asset Management L.P. grew its holdings in shares of Block by 6,085.0% during the 1st quarter. 1832 Asset Management L.P. now owns 1,805,100 shares of the technology company's stock worth $241,508,000 after purchasing an additional 1,775,915 shares in the last quarter. Sands Capital Management LLC grew its holdings in shares of Block by 7.7% during the 2nd quarter. Sands Capital Management LLC now owns 16,450,950 shares of the technology company's stock worth $1,011,075,000 after purchasing an additional 1,179,222 shares in the last quarter. Loomis Sayles & Co. L P lifted its position in shares of Block by 12.4% during the 2nd quarter. Loomis Sayles & Co. L P now owns 7,221,371 shares of the technology company's stock worth $443,826,000 after buying an additional 796,675 shares during the last quarter. Finally, Contour Asset Management LLC lifted its position in shares of Block by 136.7% during the 2nd quarter. Contour Asset Management LLC now owns 1,267,755 shares of the technology company's stock worth $77,916,000 after buying an additional 732,246 shares during the last quarter. 62.26% of the stock is owned by institutional investors and hedge funds. About Block (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.Featured ArticlesGet a free copy of the StockNews.com research report on Block (SQ)The Worst May be Over for Target, But is the Stock Safe to Buy?Are These Liquid Natural Gas Stocks Ready For An Upside Bounce?Two Fun Stocks The Insiders Are Buying Novavax Remains a Risk-On Stock in a Risk-Off Market3 Defensive Stocks With 60-Year Dividend Hike Streaks

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