Block’s (XYZ) Buy Rating Reiterated at BTIG Research

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

XYZ has been the subject of a number of other research reports. Susquehanna increased their target price on shares of Block from $90.00 to $100.00 and gave the stock a “positive” rating in a research report on Thursday, August 6th. Canaccord Genuity Group upped their price target on Block from $85.00 to $100.00 and gave the stock a “buy” rating in a report on Thursday, August 13th. Zacks Research downgraded Block from a “strong-buy” rating to a “hold” rating in a research note on Thursday, July 30th. Benchmark raised Block to a “strong-buy” rating in a research report on Thursday, September 10th. Finally, Monness Crespi & Hardt boosted their price target on Block from $115.00 to $125.00 and gave the stock a “buy” rating in a research note on Friday, August 7th. Four equities research analysts have rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating and nine have assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $95.42.

Block Trading Up 0.1%

Shares of XYZ opened at $76.52 on Friday. Block has a twelve month low of $48.21 and a twelve month high of $86.92. The firm 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 current ratio of 2.21, a quick ratio of 2.21 and a debt-to-equity ratio of 0.26. The stock’s fifty day simple moving average is $80.22 and its 200 day simple moving average is $73.32.

Block (NYSE:XYZ) last announced its quarterly earnings results on Wednesday, August 5th. The technology company reported $1.02 EPS for the quarter, topping the consensus estimate of $0.48 by $0.54. The company 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%.The business’s revenue was up 9.3% compared to the same quarter last year. During the same quarter in the prior 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. On average, equities research analysts forecast that Block will post 2.74 earnings per share for the current year.

Insider Activity

In other news, Director Anthony Eisen sold 6,000 shares of the stock in a transaction dated Wednesday, September 23rd. The shares were sold at an average price of $76.67, for a total transaction of $460,020.00. Following the transaction, the director owned 1,362,672 shares of the company’s stock, valued at approximately $104,476,062.24. This trade represents a 0.44% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders have sold 363,913 shares of company stock valued at $29,462,126. Corporate insiders own 11.37% of the company’s stock.

Institutional Trading of Block

Several institutional investors and hedge funds have recently bought and sold shares of the company. Hsbc Holdings PLC lifted its holdings in shares of Block by 7.2% in 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 bought a new position in Block during the 2nd quarter worth $366,000. Mawer Investment Management Ltd. bought a new position in Block during the 4th quarter worth $3,062,000. Eurizon Asset Management Hungary Ltd. acquired a new stake in Block in the fourth quarter worth $976,000. Finally, PNC Financial Services Group Inc. lifted its stake in Block by 35.7% in the first quarter. PNC Financial Services Group Inc. now owns 69,637 shares of the technology company’s stock valued at $4,191,000 after buying an additional 18,326 shares during the last quarter. Institutional investors and hedge funds own 70.44% of the company’s stock.

About Block

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.