Block (NYSE:XYZ – Get Free Report) was downgraded by stock analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a note issued to investors on Tuesday,Zacks.com reports.
Other analysts have also recently issued reports about the stock. TD Cowen lifted their price objective on shares of Block from $91.00 to $95.00 and gave the company a “buy” rating in a research note on Friday, February 27th. Citigroup lifted their price objective on shares of Block from $85.00 to $100.00 and gave the company a “buy” rating in a research note on Friday, May 8th. BMO Capital Markets initiated coverage on shares of Block in a research note on Tuesday, April 21st. They set a “market perform” rating and a $74.00 price objective for the company. Raymond James Financial upgraded shares of Block to a “moderate buy” rating in a research note on Friday, February 27th. Finally, The Goldman Sachs Group reaffirmed a “buy” rating on shares of Block in a report on Friday, May 8th. Three investment analysts have rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $84.51.
Check Out Our Latest Stock Report on XYZ
Block Stock Performance
Block (NYSE:XYZ – Get Free Report) last announced its quarterly earnings data on Thursday, May 7th. The technology company reported $0.85 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 in the previous year, the firm posted $0.56 earnings per share. The business’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. As a group, analysts predict that Block will post 2.23 earnings per share for the current year.
Insider Activity
In other news, insider Brian Grassadonia sold 10,349 shares of Block stock in a transaction that occurred on Tuesday, February 24th. The shares were sold at an average price of $50.00, for a total transaction of $517,450.00. Following the completion of the transaction, the insider directly owned 503,784 shares of the company’s stock, valued at $25,189,200. The trade was a 2.01% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Chrysty Esperanza sold 3,000 shares of Block stock in a transaction that occurred on Tuesday, April 21st. The shares were sold at an average price of $75.00, for a total transaction of $225,000.00. Following the transaction, the insider directly owned 268,169 shares of the company’s stock, valued at approximately $20,112,675. This trade represents a 1.11% 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. Insiders sold 49,725 shares of company stock valued at $3,401,393 in the last quarter. Company insiders own 11.37% of the company’s stock.
Institutional Investors Weigh In On Block
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Cary Street Partners Investment Advisory LLC purchased a new stake in Block in the 3rd quarter worth $28,000. RMG Wealth Management LLC purchased a new stake in Block in the 3rd quarter worth $30,000. Quent Capital LLC purchased a new stake in Block in the 3rd quarter worth $30,000. Pilgrim Partners Asia Pte Ltd purchased a new stake in Block in the 3rd quarter worth $30,000. Finally, Sound Income Strategies LLC increased its holdings in Block by 57.1% in the 4th quarter. Sound Income Strategies LLC now owns 443 shares of the technology company’s stock worth $29,000 after acquiring an additional 161 shares in the last quarter. Hedge funds and other institutional investors own 70.44% of the company’s stock.
About Block
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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