Block (NYSE:XYZ – Get Free Report)‘s stock had its “buy” rating reissued by investment analysts at BTIG Research in a research note issued to investors on Monday,Benzinga reports. They currently have a $90.00 price objective on the technology company’s stock. BTIG Research’s price target points to a potential upside of 16.59% from the company’s previous close.
Other equities research analysts have also recently issued research reports about the company. Canaccord Genuity Group upped their target price on Block from $80.00 to $85.00 and gave the stock a “buy” rating in a research report on Monday, May 18th. Zacks Research raised shares of Block from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, June 10th. KeyCorp boosted their price objective on shares of Block from $100.00 to $105.00 and gave the stock an “overweight” rating in a research note on Thursday. Cantor Fitzgerald upped their price objective on shares of Block from $88.00 to $95.00 and gave the stock an “overweight” rating in a report on Wednesday. Finally, Jefferies Financial Group began coverage on shares of Block in a research note on Tuesday, June 30th. They issued a “hold” rating on the stock. Four investment analysts have rated the stock with a Strong Buy rating, twenty-four have given a Buy rating and nine have given a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $89.84.
Read Our Latest Stock Analysis on Block
Block Stock Up 0.1%
Block (NYSE:XYZ – Get Free Report) last posted its earnings results on Thursday, May 7th. The technology company reported $0.85 earnings per share for the quarter, beating the consensus estimate of $0.30 by $0.55. Block had a return on equity of 7.02% and a net margin of 3.30%.The company had revenue of $6.06 billion for the quarter. During the same quarter last year, the business earned $0.56 earnings per share. Block’s quarterly 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. Sell-side analysts anticipate that Block will post 2.48 EPS for the current fiscal year.
Insider Buying and Selling
In other news, Director Anthony Mathew Eisen sold 6,000 shares of the company’s stock in a transaction that occurred on Monday, July 13th. The stock was sold at an average price of $78.35, for a total transaction of $470,100.00. Following the completion of the transaction, the director directly owned 1,838,672 shares in the company, valued at $144,059,951.20. The trade was a 0.33% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Brian Grassadonia sold 43,348 shares of the stock in a transaction that occurred on Thursday, July 2nd. The shares were sold at an average price of $80.00, for a total value of $3,467,840.00. Following the completion of the sale, the insider directly owned 557,654 shares of the company’s stock, valued at $44,612,320. This represents a 7.21% decrease in their ownership of the stock. 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 323,300 shares of company stock worth $24,742,756 in the last ninety days. Insiders own 11.37% of the company’s stock.
Hedge Funds Weigh In On Block
A number of institutional investors and hedge funds have recently bought and sold shares of XYZ. Hyperion Asset Management Ltd raised its stake in Block by 6.9% during the 2nd quarter. Hyperion Asset Management Ltd now owns 2,682,854 shares of the technology company’s stock valued at $203,897,000 after purchasing an additional 172,848 shares during the last quarter. Tema ETFs LLC grew its position in Block by 9.8% in the 2nd quarter. Tema ETFs LLC now owns 11,329 shares of the technology company’s stock worth $861,000 after purchasing an additional 1,015 shares during the last quarter. Arista Wealth Management LLC bought a new position in shares of Block during the 2nd quarter worth about $418,000. Everhart Financial Group Inc. increased its holdings in shares of Block by 6.4% during the 2nd quarter. Everhart Financial Group Inc. now owns 5,094 shares of the technology company’s stock worth $387,000 after purchasing an additional 306 shares during the period. Finally, Valeo Financial Advisors LLC acquired a new position in shares of Block during the second quarter valued at about $237,000. 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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