Block (NYSE:XYZ) Given Outperform Rating at Royal Bank Of Canada

Block (NYSE:XYZ)‘s stock had its “outperform” rating reaffirmed by equities research analysts at Royal Bank Of Canada in a research note issued to investors on Wednesday, Benzinga reports. They presently have a $95.00 price target on the technology company’s stock. Royal Bank Of Canada‘s target price indicates a potential upside of 24.29% from the stock’s current price.

Other research analysts have also recently issued research reports about the company. 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. Rosenblatt Securities set a $100.00 target price on Block in a research note on Tuesday, June 30th. TD Cowen raised their target price on Block from $101.00 to $105.00 and gave the company a “buy” rating in a research note on Thursday, August 6th. Oppenheimer reaffirmed an “outperform” rating and set a $97.00 target price on shares of Block in a research note on Thursday, August 6th. Finally, Robert W. Baird raised their target price on Block from $105.00 to $106.00 and gave the company an “outperform” rating in a research note on Friday, October 2nd. Three research analysts have rated the stock with a Strong Buy rating, thirty have assigned a Buy rating and eight have given a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $95.94.

Block Stock Performance

Shares of NYSE:XYZ traded down $2.59 on Wednesday, reaching $76.43. 5,158,112 shares of the company’s stock were exchanged, compared to its average volume of 6,144,357. The firm has a market capitalization of $45.92 billion, a price-to-earnings ratio of 136.49, a PEG ratio of 0.81 and a beta of 2.55. Block has a fifty-two week low of $48.21 and a fifty-two week high of $86.92. The business’s 50-day moving average is $78.51 and its two-hundred day moving average is $75.53. 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 (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 firm had revenue of $6.62 billion during the quarter. Block had a return on equity of 8.10% and a net margin of 1.43%. Block’s quarterly revenue was up 9.3% compared to the same quarter last year. During the same quarter in the previous year, the company earned $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, equities research analysts forecast that Block will post 2.75 EPS for the current year.

Insider Buying and Selling at Block

In related news, Director Anthony Eisen sold 6,000 shares of the firm’s stock in a transaction that occurred on Wednesday, October 21st. The shares were sold at an average price of $79.07, for a total transaction of $474,420.00. Following the transaction, the director owned 1,242,672 shares of the company’s stock, valued at approximately $98,258,075.04. This trade represents a 0.48% decrease in their ownership of the stock. The sale 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. Over the last three months, insiders sold 314,565 shares of company stock worth $25,346,466. 11.37% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in XYZ. NovaPoint Capital LLC grew its stake in shares of Block by 3.9% in the third quarter. NovaPoint Capital LLC now owns 3,630 shares of the technology company’s stock worth $267,000 after acquiring an additional 137 shares during the last quarter. Raiffeisen Bank International AG increased its position in shares of Block by 0.3% during the second quarter. Raiffeisen Bank International AG now owns 44,901 shares of the technology company’s stock valued at $3,503,000 after purchasing an additional 148 shares during the period. Crossmark Global Holdings Inc. increased its position in shares of Block by 1.5% during the third quarter. Crossmark Global Holdings Inc. now owns 11,888 shares of the technology company’s stock valued at $874,000 after purchasing an additional 175 shares during the period. Avior Wealth Management LLC increased its position in shares of Block by 3.3% during the second quarter. Avior Wealth Management LLC now owns 6,081 shares of the technology company’s stock valued at $462,000 after purchasing an additional 193 shares during the period. Finally, Carson Advisory Inc. increased its position in shares of Block by 2.6% during the first quarter. Carson Advisory Inc. now owns 8,035 shares of the technology company’s stock valued at $484,000 after purchasing an additional 200 shares during the period. 70.44% of the stock is owned by institutional investors.

About Block

Block, Inc is a financial technology company that provides payments, commerce, and financial services through an ecosystem of business and consumer products. Formerly known as Square, the company was co-founded by Jack Dorsey and Jim McKelvey and changed its corporate name to Block in 2021.

Its Square ecosystem serves businesses with point-of-sale hardware, payment processing, invoicing, payroll, inventory management, customer engagement, online commerce, and other software tools. Block also offers lending and other financial services to eligible business customers through Square-related products.

For consumers, Block operates Cash App, a mobile financial services platform that supports services such as peer-to-peer payments, money transfers, a Cash App Card, direct deposit, investing, and bitcoin transactions, subject to product and geographic availability.