Block’s (XYZ) “Buy” Rating Reaffirmed at BTIG Research

Block (NYSE:XYZ)‘s stock had its “buy” rating reiterated by BTIG Research in a research note issued on Friday, Benzinga reports. They currently have a $100.00 price objective on the technology company’s stock. BTIG Research’s target price would suggest a potential upside of 36.39% from the stock’s previous close.

A number of other equities analysts also recently commented on the stock. Oppenheimer reissued an “outperform” rating and issued a $97.00 price objective on shares of Block in a research note on Thursday, August 6th. Piper Sandler lifted their price target on shares of Block from $100.00 to $105.00 and gave the stock an “overweight” rating in a report on Thursday, August 6th. Deutsche Bank Aktiengesellschaft raised shares of Block to a “buy” rating in a report on Tuesday, June 30th. KeyCorp lifted their price target on shares of Block from $105.00 to $108.00 and gave the stock an “overweight” rating in a report on Thursday, August 6th. Finally, Rosenblatt Securities set a $100.00 price target on shares of Block in a report on Tuesday, June 30th. Four research analysts have rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating and nine have given a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $95.42.

Block Stock Down 4.1%

NYSE:XYZ traded down $3.10 during trading hours on Friday, reaching $73.32. The company’s stock had a trading volume of 5,520,621 shares, compared to its average volume of 6,313,181. The company has a market capitalization of $44.05 billion, a P/E ratio of 130.93, a price-to-earnings-growth ratio of 0.80 and a beta of 2.52. Block has a 12 month low of $48.21 and a 12 month high of $86.92. The company has a debt-to-equity ratio of 0.26, a quick ratio of 2.21 and a current ratio of 2.21. The stock has a 50 day moving average price of $80.22 and a two-hundred day moving average price of $73.32.

Block (NYSE:XYZ) last issued its quarterly earnings data 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 company had revenue of $6.62 billion during the quarter. Block had a net margin of 1.43% and a return on equity of 8.10%. The business’s quarterly revenue was up 9.3% on a year-over-year basis. During the same period last year, the firm earned $0.62 EPS. Block has set its FY 2026 guidance at 4.020-4.020 EPS and its Q3 2026 guidance at 1.020-1.020 EPS. Equities analysts predict that Block will post 2.74 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, insider Brian Grassadonia sold 43,348 shares of the company’s stock in a transaction dated Thursday, July 2nd. The shares were sold at an average price of $80.00, for a total transaction of $3,467,840.00. Following the completion of the transaction, the insider owned 557,654 shares in the company, valued at $44,612,320. This represents a 7.21% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at 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 company’s stock in a transaction dated Monday, August 24th. The stock was sold at an average price of $82.43, for a total transaction of $783,991.73. Following the transaction, the chief financial officer owned 423,262 shares of the company’s stock, valued at approximately $34,889,486.66. This trade represents a 2.20% 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. Over the last quarter, insiders sold 363,913 shares of company stock worth $29,462,126. Company insiders own 11.37% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Hsbc Holdings PLC raised its position in shares of Block by 7.2% during the 4th quarter. Hsbc Holdings PLC now owns 1,223,824 shares of the technology company’s stock worth $79,749,000 after purchasing an additional 82,446 shares during the last quarter. Jones Financial Companies Lllp acquired a new stake in Block in the 2nd quarter valued at about $366,000. Mawer Investment Management Ltd. acquired a new stake in Block in the 4th quarter valued at about $3,062,000. Eurizon Asset Management Hungary Ltd. acquired a new stake in Block in the 4th quarter valued at about $976,000. Finally, PNC Financial Services Group Inc. raised its holdings in Block by 35.7% in the 1st quarter. PNC Financial Services Group Inc. now owns 69,637 shares of the technology company’s stock valued at $4,191,000 after acquiring an additional 18,326 shares during the last quarter. Institutional investors and hedge funds own 70.44% of the company’s stock.

Block Company Profile

Block, Inc is a global technology company that develops financial services and commerce tools for businesses and consumers. Founded in 2009 as Square, the company changed its corporate name to Block in 2021 to reflect the expansion of its operations beyond seller-focused payment solutions.

Through its Square ecosystem, Block provides payment processing, point-of-sale hardware and software, business banking, invoicing, payroll, inventory management and other tools for merchants. Its consumer-focused Cash App offers services that may include peer-to-peer payments, money transfers, investing, debit-card access and bitcoin-related functionality, subject to availability and applicable regulations.

Block also owns Afterpay, a buy now, pay later platform, and has operated additional businesses involving music streaming and bitcoin infrastructure.