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

by · The Markets Daily

Shares of Block, Inc. (NYSE:XYZ – Get Free Report) have been given a consensus recommendation of “Moderate Buy” by the thirty-eight research firms that are presently covering the stock, Marketbeat reports. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, twenty-six have issued a buy rating and four have assigned a strong buy rating to the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $87.0882.

A number of equities research analysts have weighed in on XYZ shares. BMO Capital Markets began coverage on Block in a research report on Tuesday. They issued an “outperform” rating for the company. Cantor Fitzgerald boosted their price objective on Block from $78.00 to $88.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 21st. The Goldman Sachs Group upgraded Block from a “buy” rating to a “buy” rating in a report on Tuesday. Zacks Research raised Block from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, June 10th. Finally, Needham & Company LLC lifted their target price on Block from $90.00 to $95.00 and gave the stock a “buy” rating in a report on Friday, May 8th.

View Our Latest Research Report on Block

Insider Transactions at Block

In other news, Director Anthony Mathew Eisen sold 6,000 shares of the firm’s stock in a transaction dated Monday, June 29th. The shares were sold at an average price of $78.93, for a total transaction of $473,580.00. Following the completion of the transaction, the director owned 1,922,672 shares in the company, valued at approximately $151,756,500.96. This trade represents a 0.31% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Amrita Ahuja sold 8,093 shares of Block stock in a transaction that occurred on Tuesday, June 16th. The stock was sold at an average price of $75.00, for a total transaction of $606,975.00. Following the completion of the transaction, the chief financial officer directly owned 463,246 shares in the company, valued at $34,743,450. This represents a 1.72% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 249,773 shares of company stock valued at $18,725,016 over the last three months. 11.37% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in XYZ. Capital World Investors increased its holdings in shares of Block by 41.8% in the fourth quarter. Capital World Investors now owns 16,023,441 shares of the technology company’s stock valued at $1,042,966,000 after buying an additional 4,727,217 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of Block by 0.5% during the 4th quarter. Geode Capital Management LLC now owns 14,406,899 shares of the technology company’s stock worth $934,121,000 after acquiring an additional 67,560 shares in the last quarter. Sands Capital Management LLC boosted its stake in shares of Block by 12.2% during the 3rd quarter. Sands Capital Management LLC now owns 11,603,057 shares of the technology company’s stock worth $838,553,000 after acquiring an additional 1,262,317 shares in the last quarter. Ameriprise Financial Inc. acquired a new position in shares of Block in the 2nd quarter worth $535,305,000. Finally, Norges Bank acquired a new position in shares of Block in the 4th quarter worth $484,387,000. Institutional investors and hedge funds own 70.44% of the company’s stock.

Block Stock Up 1.5%

XYZ stock opened at $77.13 on Thursday. The firm’s 50-day moving average is $71.90 and its two-hundred day moving average is $65.46. The company has a market capitalization of $45.91 billion, a price-to-earnings ratio of 60.26, a price-to-earnings-growth ratio of 0.96 and a beta of 2.54. Block has a 52 week low of $48.21 and a 52 week high of $82.50. The company has a current ratio of 1.99, a quick ratio of 1.99 and a debt-to-equity ratio of 0.26.

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, beating the consensus estimate of $0.30 by $0.55. Block had a net margin of 3.30% and a return on equity of 7.02%. The business had revenue of $6.06 billion during the quarter. During the same quarter last year, the business earned $0.56 earnings per share. The company’s revenue was up 4.9% on a year-over-year basis. 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, analysts forecast that Block will post 2.48 earnings per share for the current fiscal 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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