Block (NYSE:XYZ) Stock Keeps “Buy” Rating at BTIG Research

Block (NYSE:XYZ)‘s stock had its “buy” rating reiterated by analysts at BTIG Research in a report issued on Friday, Benzinga reports. They presently have a $100.00 price objective on the technology company’s stock. BTIG Research’s price target points to a potential upside of 30.68% from the company’s previous close.

A number of other brokerages also recently issued reports on XYZ. Needham & Company LLC lifted their price target on shares of Block from $95.00 to $100.00 and gave the stock a “buy” rating in a research note on Thursday, August 6th. Royal Bank Of Canada boosted their target price on Block from $93.00 to $95.00 and gave the stock an “outperform” rating in a research note on Thursday, August 6th. KeyCorp upped their price target on Block from $105.00 to $108.00 and gave the company an “overweight” rating in a report on Thursday, August 6th. Truist Financial upped their target price on shares of Block from $82.00 to $93.00 and gave the company a “buy” rating in a report on Friday, July 24th. Finally, Cantor Fitzgerald restated an “overweight” rating and issued a $95.00 target price on shares of Block in a report on Friday. Four research analysts have rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating and nine have issued a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $95.42.

Block Trading Up 0.1%

Shares of XYZ stock opened at $76.52 on Friday. 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 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. The company has a 50 day moving average price of $80.22 and a 200 day moving average price of $73.32. Block has a fifty-two week low of $48.21 and a fifty-two week high of $86.92.

Block (NYSE:XYZ) last issued its quarterly earnings results on Wednesday, August 5th. The technology company reported $1.02 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 quarter in the prior year, the firm earned $0.62 EPS. The firm’s revenue 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. Equities research analysts predict that Block will post 2.74 EPS for the current fiscal year.

Insider Buying and Selling

In related news, Director Anthony Eisen sold 6,000 shares of the company’s stock in a transaction on Wednesday, September 23rd. The shares were sold at an average price of $76.67, for a total value of $460,020.00. Following the completion of the sale, the director owned 1,362,672 shares in the company, valued at $104,476,062.24. This represents a 0.44% decrease in their position. The transaction was disclosed in a document filed 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. In the last ninety days, insiders have sold 363,913 shares of company stock valued at $29,462,126. 11.37% of the stock is owned by corporate insiders.

Institutional Trading of Block

Several institutional investors and hedge funds have recently bought and sold shares of XYZ. BlackRock Inc. purchased a new position in Block during the 2nd quarter worth $621,703,000. Capital World Investors boosted its stake in shares of Block by 41.8% during the 4th quarter. Capital World Investors now owns 16,023,441 shares of the technology company’s stock worth $1,042,966,000 after purchasing an additional 4,727,217 shares during the last quarter. Norges Bank acquired a new stake in shares of Block in the fourth quarter worth approximately $484,387,000. Contour Asset Management LLC boosted its position in shares of Block by 30.4% in the fourth quarter. Contour Asset Management LLC now owns 4,666,891 shares of the technology company’s stock worth $303,768,000 after acquiring an additional 1,088,299 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership raised its holdings in Block by 528.2% in the first quarter. Arrowstreet Capital Limited Partnership now owns 3,309,296 shares of the technology company’s stock valued at $199,153,000 after buying an additional 2,782,523 shares during the period. Hedge funds and other institutional investors 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.