Block’s (XYZ) Overweight Rating Reiterated at Cantor Fitzgerald

Cantor Fitzgerald reiterated their overweight rating on shares of Block (NYSE:XYZ) in a research report released on Friday morning,Benzinga reports. Cantor Fitzgerald currently has a $95.00 price objective on the technology company’s stock.

Other research analysts have also recently issued research reports about the stock. Susquehanna boosted their price target on shares of Block from $90.00 to $100.00 and gave the stock a “positive” rating in a report on Thursday, August 6th. Craig Hallum assumed coverage on shares of Block in a report on Tuesday, June 30th. They issued a “buy” rating on the stock. Jefferies Financial Group initiated coverage on shares of Block in a research report on Tuesday, June 30th. They set a “hold” rating for the company. Monness Crespi & Hardt boosted their target price on shares of Block from $115.00 to $125.00 and gave the stock a “buy” rating in a research note on Friday, August 7th. Finally, Rosenblatt Securities set a $100.00 target price on Block in a report on Tuesday, June 30th. Four equities research analysts have rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating and nine have given a Hold rating to the stock. According to data from MarketBeat.com, Block presently has an average rating of “Moderate Buy” and an average target price of $95.42.

Block Trading Up 0.1%

Shares of XYZ stock opened at $76.52 on Friday. The stock has a market capitalization of $45.97 billion, a P/E ratio of 136.64, a price-to-earnings-growth ratio of 0.80 and a beta of 2.52. Block has a fifty-two week low of $48.21 and a fifty-two week 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 company has a 50 day moving average price of $80.22 and a 200 day moving average price of $73.32.

Block (NYSE:XYZ) last issued its quarterly earnings results on Wednesday, August 5th. The technology company reported $1.02 EPS for the quarter, beating the consensus estimate of $0.48 by $0.54. Block had a net margin of 1.43% and a return on equity of 8.10%. The company had revenue of $6.62 billion during the quarter. During the same period in the prior year, the business earned $0.62 EPS. The business’s quarterly revenue was up 9.3% on a year-over-year basis. 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 research analysts predict that Block will post 2.74 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, insider Brian Grassadonia sold 43,348 shares of the firm’s stock in a transaction that occurred on Thursday, July 2nd. The stock was sold at an average price of $80.00, for a total value of $3,467,840.00. Following the completion of the sale, the insider directly owned 557,654 shares of the company’s stock, valued at $44,612,320. This trade represents a 7.21% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Anthony Eisen sold 41,000 shares of Block stock in a transaction that occurred on Wednesday, August 5th. The shares were sold at an average price of $85.85, for a total value of $3,519,850.00. Following the completion of the sale, the director owned 1,566,672 shares in the company, valued at approximately $134,498,791.20. This trade represents a 2.55% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders sold 363,913 shares of company stock worth $29,462,126. 11.37% of the stock is owned by insiders.

Hedge Funds Weigh In On Block

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. National Pension Service grew its position in Block by 8.4% during the fourth quarter. National Pension Service now owns 833,124 shares of the technology company’s stock worth $54,228,000 after buying an additional 64,674 shares during the period. Hsbc Holdings PLC lifted 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 valued at $79,749,000 after acquiring an additional 82,446 shares during the period. Jones Financial Companies Lllp purchased a new stake in shares of Block during the 2nd quarter worth approximately $366,000. Mawer Investment Management Ltd. acquired a new stake in shares of Block in the 4th quarter worth approximately $3,062,000. Finally, Eurizon Asset Management Hungary Ltd. acquired a new stake in shares of Block in the 4th quarter worth approximately $976,000. 70.44% of the stock is owned by institutional investors and hedge funds.

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.