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

Shares of Block, Inc. (NYSE:XYZGet Free Report) have earned a consensus recommendation of “Moderate Buy” from the thirty-eight brokerages that are covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, seven have given a hold recommendation, twenty-six have assigned a buy recommendation and four have given a strong buy recommendation to the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $87.0882.

A number of research firms recently issued reports on XYZ. Keefe, Bruyette & Woods boosted their price objective on Block from $85.00 to $90.00 and gave the company an “outperform” rating in a research report on Friday, May 8th. Rothschild & Co Redburn raised Block from a “sell” rating to a “neutral” rating and increased their target price for the stock from $45.00 to $55.00 in a research report on Wednesday, March 18th. Truist Financial raised their target price on Block from $81.00 to $82.00 and gave the company a “buy” rating in a research note on Wednesday, May 27th. Deutsche Bank Aktiengesellschaft raised shares of Block to a “buy” rating in a report on Tuesday. Finally, Loop Capital initiated coverage on shares of Block in a research report on Tuesday, March 31st. They set a “buy” rating and a $75.00 price target for the company.

Read Our Latest Stock Analysis on Block

Insider Buying and Selling at Block

In other Block news, CFO Amrita Ahuja sold 30,919 shares of the company’s stock in a transaction dated Tuesday, April 21st. The shares were sold at an average price of $75.00, for a total value of $2,318,925.00. Following the completion of the transaction, the chief financial officer owned 500,816 shares in the company, valued at approximately $37,561,200. This represents a 5.81% decrease in their position. The transaction 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 Brian Grassadonia sold 8,166 shares of the company’s stock in a transaction dated Friday, May 22nd. The stock was sold at an average price of $68.01, for a total transaction of $555,369.66. Following the completion of the transaction, the insider owned 601,002 shares of the company’s stock, valued at approximately $40,874,146.02. This trade represents a 1.34% 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 249,773 shares of company stock valued at $18,725,016 in the last ninety days. Company insiders own 11.37% of the company’s stock.

Hedge Funds Weigh In On Block

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Baird Financial Group Inc. acquired a new stake in Block in the 2nd quarter valued at approximately $1,866,000. Brown Advisory Inc. acquired a new position in Block during the 2nd quarter worth $516,000. Jump Financial LLC acquired a new position in Block during the 2nd quarter worth $385,000. Federated Hermes Inc. bought a new position in shares of Block in the second quarter worth $53,000. Finally, Cerity Partners LLC bought a new position in shares of Block in the second quarter worth $1,861,000. 70.44% of the stock is owned by institutional investors.

Block Stock Performance

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

Block (NYSE:XYZGet Free Report) last posted its earnings results on Thursday, May 7th. The technology company reported $0.85 EPS for the quarter, beating the consensus estimate of $0.30 by $0.55. The company had revenue of $6.06 billion during the quarter. Block had a return on equity of 7.02% and a net margin of 3.30%.The firm’s revenue for the quarter was up 4.9% compared to the same quarter last year. During the same period last 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. As a group, sell-side analysts forecast that Block will post 2.48 earnings per share for the current year.

About Block

(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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Analyst Recommendations for Block (NYSE:XYZ)

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