Block
About: Founded in 2009, Block provides payment services to merchants, along with related services. The company also launched Cash App, a person-to-person payment network. In 2023, Square's payment volume was a little over $200 million.
Employees: 12,985
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
2% more call options, than puts
Call options by funds: $1.51B | Put options by funds: $1.49B
4% less repeat investments, than reductions
Existing positions increased: 336 | Existing positions reduced: 351
1.72% less ownership
Funds ownership: 71.02% [Q1] → 69.3% (-1.72%) [Q2]
7% less funds holding
Funds holding: 1,041 [Q1] → 971 (-70) [Q2]
25% less capital invested
Capital invested by funds: $33.3B [Q1] → $24.9B (-$8.42B) [Q2]
31% less funds holding in top 10
Funds holding in top 10: 35 [Q1] → 24 (-11) [Q2]
38% less first-time investments, than exits
New positions opened: 114 | Existing positions closed: 184
Research analyst outlook
10 Wall Street Analysts provided 1 year price targets over the past 3 months
10 analyst ratings
BMO Capital Rufus Hone 76% 1-year accuracy 19 / 25 met price target | 25%upside $92 | Outperform Maintained | 3 Oct 2024 |
New Street Research Soomit Datta 50% 1-year accuracy 1 / 2 met price target | 5%downside $70 | Neutral Initiated | 9 Sept 2024 |
UBS Rayna Kumar 71% 1-year accuracy 10 / 14 met price target | 25%upside $92 | Buy Maintained | 27 Aug 2024 |
Needham Mayank Tandon 70% 1-year accuracy 69 / 98 met price target | 9%upside $80 | Buy Maintained | 5 Aug 2024 |
RBC Capital Daniel Perlin 82% 1-year accuracy 40 / 49 met price target | 19%upside $88 | Outperform Reiterated | 2 Aug 2024 |
Financial journalist opinion
Based on 28 articles about SQ published over the past 30 days