Oppenheimer downgrades Block (SQ) to a Hold

Block (SQResearch Report) received a Hold rating and price target from Oppenheimer analyst Dominick Gabriele today. The company’s shares closed yesterday at $80.79.

According to TipRanks, Gabriele is ranked #3403 out of 8249 analysts.

In addition to Oppenheimer, Block also received a Hold from Phillip Securities’s Paul Chew in a report issued on January 10. However, on January 23, Barclays maintained a Buy rating on Block (NYSE: SQ).

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The company has a one-year high of $149.00 and a one-year low of $51.34. Currently, Block has an average volume of 12.55M.

Based on the recent corporate insider activity of 274 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of SQ in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Founded in 2009, California-based Square, Inc. provides credit card payment processing solutions. The company’s commerce ecosystem offers point-of-sale software and hardware that helps sellers with payment and point-of-sale solutions.

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