Block, Inc. (NYSE:XYZ) Receives Average Rating of “Moderate Buy” from Analysts

by · The Cerbat Gem

Shares of Block, Inc. (NYSE:XYZ – Get Free Report) have received a consensus rating of “Moderate Buy” from the thirty-seven brokerages that are currently covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, six have issued a hold recommendation, twenty-seven have issued a buy recommendation and three have assigned a strong buy recommendation to the company. The average 1-year price target among analysts that have covered the stock in the last year is $84.5143.

Several analysts recently issued reports on XYZ shares. HSBC raised shares of Block from a “hold” rating to a “buy” rating and upped their price objective for the stock from $70.00 to $77.00 in a report on Tuesday, March 3rd. Loop Capital started coverage on shares of Block in a report on Tuesday, March 31st. They set a “buy” rating and a $75.00 price objective for the company. Wall Street Zen raised shares of Block from a “hold” rating to a “buy” rating in a report on Saturday, May 9th. The Goldman Sachs Group reaffirmed a “buy” rating on shares of Block in a report on Friday, May 8th. Finally, Bank of America decreased their price objective on shares of Block from $85.00 to $80.00 and set a “buy” rating for the company in a report on Wednesday, March 25th.

Read Our Latest Analysis on XYZ

Insider Activity

In other Block news, insider Chrysty Esperanza sold 3,000 shares of the stock in a transaction on Tuesday, April 21st. The shares were sold at an average price of $75.00, for a total value of $225,000.00. Following the completion of the sale, the insider directly owned 268,169 shares of the company’s stock, valued at $20,112,675. This represents a 1.11% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Owen Britton Jennings sold 3,555 shares of the stock in a transaction on Tuesday, March 3rd. The shares were sold at an average price of $63.41, for a total transaction of $225,422.55. Following the completion of the sale, the insider directly owned 231,262 shares of the company’s stock, valued at approximately $14,664,323.42. This trade represents a 1.51% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 49,725 shares of company stock valued at $3,401,393 in the last quarter. 11.37% of the stock is currently owned by corporate insiders.

Institutional Trading of Block

A number of hedge funds have recently bought and sold shares of XYZ. Vanguard Group Inc. boosted its holdings in Block by 23.1% in the 3rd quarter. Vanguard Group Inc. now owns 67,626,485 shares of the technology company’s stock valued at $4,887,366,000 after purchasing an additional 12,709,824 shares during the period. Ameriprise Financial Inc. bought a new stake in Block in the 2nd quarter valued at $535,305,000. Norges Bank bought a new stake in Block in the 4th quarter valued at $484,387,000. Capital World Investors boosted its holdings in Block by 192.7% in the 3rd quarter. Capital World Investors now owns 11,296,224 shares of the technology company’s stock valued at $816,378,000 after purchasing an additional 7,436,380 shares during the period. Finally, Viking Global Investors LP bought a new stake in Block in the 2nd quarter valued at $368,213,000. 70.44% of the stock is owned by institutional investors.

Block Price Performance

NYSE XYZ opened at $70.35 on Wednesday. The company has a current ratio of 1.99, a quick ratio of 1.99 and a debt-to-equity ratio of 0.26. The company has a fifty day simple moving average of $65.37 and a 200 day simple moving average of $63.94. The company has a market cap of $41.87 billion, a P/E ratio of 54.96, a P/E/G ratio of 0.99 and a beta of 2.57. Block has a 1 year low of $48.21 and a 1 year high of $82.50.

Block (NYSE:XYZ – Get Free Report) last posted its quarterly earnings data on Thursday, May 7th. The technology company reported $0.85 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.30 by $0.55. The business had revenue of $6.06 billion during the quarter. Block had a net margin of 3.30% and a return on equity of 7.02%. Block’s quarterly revenue was up 4.9% on a year-over-year basis. During the same period in the prior year, the company posted $0.56 earnings per share. Block has set its Q2 2026 guidance at 0.860-0.860 EPS and its FY 2026 guidance at 3.850-3.850 EPS. On average, sell-side analysts predict that Block will post 2.23 EPS for the current year.

Block Company Profile

(Get Free Report)

Block (NYSE:XYZ) is a financial technology company that builds products and services to facilitate electronic payments, commerce, and consumer finance. Its principal business lines include a seller-focused ecosystem that provides point-of-sale hardware and software, payment processing, invoicing, payroll and lending services, and a consumer-facing platform that offers peer-to-peer payments, banking-like features, and investing. Block’s portfolio also encompasses music streaming and buy-now-pay-later capabilities through businesses acquired to broaden its reach beyond core payments.

The company was founded as Square in 2009 by Jack Dorsey and Jim McKelvey and later rebranded to Block to reflect a diversified set of businesses across payments, consumer finance, and emerging technologies.

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