Block, Inc. (NYSE:XYZ) Receives Average Rating of “Moderate Buy” from Analysts

Shares of Block, Inc. (NYSE:XYZ) have been given a consensus recommendation of “Moderate Buy” by the thirty-nine analysts that are currently covering the stock, Marketbeat reports. Eight analysts have rated the stock with a hold rating, twenty-eight have given a buy rating and three have assigned a strong buy rating to the company. The average 1-year price target among brokerages that have covered the stock in the last year is $95.2258.

Several equities research analysts recently issued reports on the stock. TD Cowen lifted their price target on shares of Block from $101.00 to $105.00 and gave the stock a “buy” rating in a research note on Thursday, August 6th. Keefe, Bruyette & Woods raised their target price on Block from $90.00 to $100.00 and gave the company an “outperform” rating in a research note on Thursday, August 6th. Barclays assumed coverage on Block in a research report on Tuesday, July 7th. They set an “overweight” rating and a $100.00 target price on the stock. UBS Group boosted their price target on Block from $92.00 to $98.00 and gave the stock a “buy” rating in a research note on Thursday, August 6th. Finally, Citigroup increased their price target on Block from $100.00 to $115.00 and gave the company a “buy” rating in a report on Thursday, July 16th.

Insider Buying and Selling at Block

In other news, Director Anthony Mathew Eisen sold 135,750 shares of the firm’s stock in a transaction that occurred on Monday, June 1st. The shares were sold at an average price of $76.81, for a total transaction of $10,426,957.50. Following the completion of the sale, the director owned 2,032,990 shares of the company’s stock, valued at approximately $156,153,961.90. This trade represents a 6.26% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Amrita Ahuja sold 8,971 shares of Block stock in a transaction on Wednesday, August 5th. The stock was sold at an average price of $85.85, for a total transaction of $770,160.35. Following the completion of the sale, the chief financial officer owned 454,275 shares of the company’s stock, valued at approximately $38,999,508.75. This trade represents a 1.94% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 461,070 shares of company stock valued at $36,261,272 in the last three months. Corporate insiders own 11.37% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the stock. Elevation Wealth Partners LLC increased its position in shares of Block by 301.0% in the 2nd quarter. Elevation Wealth Partners LLC now owns 389 shares of the technology company’s stock worth $30,000 after purchasing an additional 292 shares during the last quarter. Global Assets Advisory LLC bought a new position in shares of Block during the first quarter worth about $31,000. Rachor Investment Advisory Services LLC acquired a new position in Block in the fourth quarter worth about $32,000. Cary Street Partners Investment Advisory LLC grew its stake in Block by 57.6% in the fourth quarter. Cary Street Partners Investment Advisory LLC now owns 610 shares of the technology company’s stock worth $40,000 after purchasing an additional 223 shares in the last quarter. Finally, Osbon Capital Management LLC bought a new stake in Block in the fourth quarter valued at about $43,000. 70.44% of the stock is owned by institutional investors and hedge funds.

Block Stock Down 1.2%

Shares of NYSE:XYZ opened at $79.96 on Friday. 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 52-week low of $48.21 and a 52-week high of $86.75. The company has a 50 day moving average of $78.49 and a two-hundred day moving average of $69.07. The company has a market capitalization of $48.04 billion, a price-to-earnings ratio of 142.79, a price-to-earnings-growth ratio of 0.90 and a beta of 2.53.

Block (NYSE:XYZ) last posted its earnings results on Wednesday, August 5th. The technology company reported $1.02 EPS for the quarter, topping analysts’ consensus estimates of $0.48 by $0.54. The business had revenue of $6.62 billion for the quarter. Block had a net margin of 1.43% and a return on equity of 8.10%. The company’s revenue for the quarter was up 9.3% on a year-over-year basis. During the same period in the previous year, the firm posted $0.62 earnings per share. 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, analysts forecast that Block will post 2.69 earnings per share for the current fiscal year.

About Block

Block (NYSE:XYZ) is a financial technology company that builds products and services to facilitate electronic payments, commerce, and consumer finance. Its principal business lines include a seller-focused ecosystem that provides point-of-sale hardware and software, payment processing, invoicing, payroll and lending services, and a consumer-facing platform that offers peer-to-peer payments, banking-like features, and investing. Block’s portfolio also encompasses music streaming and buy-now-pay-later capabilities through businesses acquired to broaden its reach beyond core payments.

The company was founded as Square in 2009 by Jack Dorsey and Jim McKelvey and later rebranded to Block to reflect a diversified set of businesses across payments, consumer finance, and emerging technologies.