Block, Inc. (XYZ) – What Are Investment Firms Saying About This Stock?

Block, Inc. (NYSE:XYZ) has been given a consensus recommendation of “Moderate Buy” by the forty-two analysts that are currently covering the company, Marketbeat.com reports. Nine research analysts have rated the stock with a hold rating, twenty-nine have assigned a buy rating and four have given a strong buy rating to the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $95.45.

XYZ has been the topic of several analyst reports. Robert W. Baird upped their price target on Block from $105.00 to $106.00 and gave the stock an “outperform” rating in a report on Friday, October 2nd. Truist Financial boosted their target price on Block from $82.00 to $93.00 and gave the company a “buy” rating in a research note on Friday, July 24th. Piper Sandler increased their price objective on Block from $100.00 to $105.00 and gave the stock an “overweight” rating in a report on Thursday, August 6th. Needham & Company LLC raised their price target on shares of Block from $95.00 to $100.00 and gave the company a “buy” rating in a report on Thursday, August 6th. Finally, UBS Group boosted their price objective on Block from $92.00 to $98.00 and gave the stock a “buy” rating in a report on Thursday, August 6th.

Block Stock Up 2.8%

Shares of NYSE XYZ opened at $77.34 on Friday. The firm has a market cap of $46.46 billion, a PE ratio of 138.11, a P/E/G ratio of 0.79 and a beta of 2.55. The company’s fifty day simple moving average is $79.21 and its 200 day simple moving average is $74.24. The company has a quick ratio of 2.21, a current ratio of 2.21 and a debt-to-equity ratio of 0.26. Block has a 12-month low of $48.21 and a 12-month high of $86.92.

Block (NYSE:XYZ) last issued its earnings results on Wednesday, August 5th. The technology company reported $1.02 earnings per share for the quarter, topping analysts’ consensus estimates of $0.48 by $0.54. Block had a return on equity of 8.10% and a net margin of 1.43%. The company had revenue of $6.62 billion for the quarter. During the same period in the previous year, the company earned $0.62 earnings per share. Block’s revenue for the quarter was up 9.3% compared to the same quarter last year. Block has set its FY 2026 guidance at 4.020-4.020 EPS and its Q3 2026 guidance at 1.020-1.020 EPS. As a group, sell-side analysts forecast that Block will post 2.74 earnings per share for the current fiscal year.

Insider Activity

In related news, Director Anthony Eisen sold 41,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 5th. The stock was sold at an average price of $85.85, for a total transaction of $3,519,850.00. Following the transaction, the director directly owned 1,566,672 shares in the company, valued at $134,498,791.20. This trade represents a 2.55% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Amrita Ahuja sold 9,511 shares of the business’s stock in a transaction that occurred on Monday, August 24th. The shares were sold at an average price of $82.43, for a total value of $783,991.73. Following the completion of the sale, the chief financial officer owned 423,262 shares of the company’s stock, valued at $34,889,486.66. The trade was a 2.20% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders have sold 302,565 shares of company stock valued at $24,420,246. 11.37% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in XYZ. GK Wealth Management LLC bought a new position in shares of Block during the third quarter valued at about $112,000. Wedmont Private Capital increased its holdings in Block by 12.4% during the 3rd quarter. Wedmont Private Capital now owns 9,564 shares of the technology company’s stock valued at $720,000 after purchasing an additional 1,058 shares during the period. GAMMA Investing LLC increased its holdings in Block by 9.7% during the 3rd quarter. GAMMA Investing LLC now owns 13,846 shares of the technology company’s stock valued at $1,018,000 after purchasing an additional 1,228 shares during the period. Farther Finance Advisors LLC raised its position in Block by 40.2% during the 3rd quarter. Farther Finance Advisors LLC now owns 12,032 shares of the technology company’s stock valued at $885,000 after purchasing an additional 3,453 shares during the last quarter. Finally, CoreCap Advisors LLC raised its position in Block by 44.4% during the 3rd quarter. CoreCap Advisors LLC now owns 1,626 shares of the technology company’s stock valued at $120,000 after purchasing an additional 500 shares during the last quarter. 70.44% of the stock is owned by hedge funds and other institutional investors.

Block Company Profile

Block, Inc (NYSE:XYZ), formerly known as Square, is a financial technology company that develops tools for businesses, consumers and creators. Founded in 2009 by Jack Dorsey and Jim McKelvey, the company changed its corporate name to Block in 2021 to reflect the expansion of its operations beyond its original seller-payments business.

Block’s Square ecosystem provides payment processing, point-of-sale hardware and software, business banking, invoicing, payroll, inventory management and other services for merchants.