Square's Cash app has room to increase instant-deposit fees by 50%, analyst says [MarketWatch]
Block, Inc. Class A, (SQ)
Last block, inc. class a, earnings: 2/26 04:05 pm
Check Earnings Report
US:NYSE Investor Relations:
squareup.com/about/investors
Company Research
Source: MarketWatch
Square's Cash app has room to increase instant-deposit fees by 50%, analyst says Macquarie analyst Dan Dolev wrote Tuesday that his recent customer survey found a willingness on the part of Square Inc.'s SQ, +1.42% Cash app users to increase instant-deposit pricing by 50%. The survey found that 60% of Cash users would be willing to pay more than 1.5%, the current fee, for the ability to instantly transfer their funds to a bank account. The average price users were willing to pay was 2.3%, Dolev said. "Raising Cash App Instant Deposit pricing from 1.0% to 1.5% in 2018 boosted revenue and helped propel the stock to ~$100," he wrote. "We estimate that a 50bps increase in Instant Deposit pricing could result in $250 million to $300 million or ~10% additional sales growth in 2021 versus consensus estimates." He rates Square's stock at outperform with a $105 target price. The stock is up about 1% in premarket trading Tuesday, and it's up 13% over the past three months as the S&P 500 SPX
Show less
Read more
Impact Snapshot
Event Time:
SQ
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
SQ alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
SQ alerts
High impacting Block, Inc. Class A, news events
Weekly update
A roundup of the hottest topics
SQ
News
- Block (SQ) Stock Falls Amid Market Uptick: What Investors Need to Know [Yahoo! Finance]Yahoo! Finance
- Some Square Users Can Now Convert Their Dollars to Bitcoin Via Cash App [Yahoo! Finance]Yahoo! Finance
- Jack Dorsey's Block Finishes Development of Bitcoin Mining Chip [Financial Post (Toronto, Ontario, Canada)]Financial Post
- Crown Point woman faces felony fraud charges for business theft allegations [Yahoo! Finance]Yahoo! Finance
- Block, Inc. (NYSE: SQ) had its "positive" rating re-affirmed by analysts at Susquehanna. They now have a $100.00 price target on the stock.MarketBeat
SQ
Earnings
- 2/22/24 - Beat
SQ
Sec Filings
- 4/15/24 - Form 8-K
- 4/4/24 - Form 4
- 4/4/24 - Form 4
- SQ's page on the SEC website