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Block (NYSE:XYZ - Get Free Report)'s stock had its "buy" rating reissued by equities research analysts at BTIG Research in a report issued on Friday, Benzinga reports. They currently have a $100.00 price target on the technology company's stock. BTIG Research's target price suggests a potential upside of 30.68% from the stock's previous close.

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A number of other brokerages also recently weighed in on XYZ. Craig Hallum initiated coverage on shares of Block in a research report on Tuesday, June 30th. They set a "buy" rating for the company. TD Cowen raised their target price on shares of Block from $101.00 to $105.00 and gave the stock a "buy" rating in a report on Thursday, August 6th. Weiss Ratings upgraded Block from a "hold (c-)" rating to a "hold (c)" rating in a research note on Thursday, August 6th. UBS Group upped their target price on Block from $92.00 to $98.00 and gave the company a "buy" rating in a report on Thursday, August 6th. Finally, William Blair cut Block to a "market perform" rating in a research report on Tuesday, June 30th. Four research analysts have rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating and nine have given a Hold rating to the company. Based on data from MarketBeat, Block currently has an average rating of "Moderate Buy" and an average price target of $95.42.

Check Out Our Latest Report on Block

Block Price Performance

• Block Makes a Federal Trust Bank Move That Could Reshape Its Fintech Model

Shares of NYSE XYZ opened at $76.52 on Friday. The company has a current ratio of 2.21, a quick ratio of 2.21 and a debt-to-equity ratio of 0.26. The company has a market capitalization of $45.97 billion, a price-to-earnings ratio of 136.64, a price-to-earnings-growth ratio of 0.80 and a beta of 2.52. Block has a twelve month low of $48.21 and a twelve month high of $86.92. The business has a 50 day simple moving average of $80.22 and a 200-day simple moving average of $73.32.

Block (NYSE:XYZ - Get Free Report) last released its quarterly earnings data on Wednesday, August 5th. The technology company reported $1.02 EPS for the quarter, topping analysts' consensus estimates of $0.48 by $0.54. The firm had revenue of $6.62 billion during the quarter. Block had a net margin of 1.43% and a return on equity of 8.10%. The business's revenue for the quarter was up 9.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.62 EPS. Block has set its FY 2026 guidance at 4.020-4.020 EPS and its Q3 2026 guidance at 1.020-1.020 EPS. As a group, equities research analysts expect that Block will post 2.74 earnings per share for the current year.

Insider Buying and Selling at Block

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In related news, CFO Amrita Ahuja sold 9,511 shares of the business's stock in a transaction that occurred on Monday, August 24th. The stock was sold at an average price of $82.43, for a total transaction of $783,991.73. Following the sale, the chief financial officer owned 423,262 shares of the company's stock, valued at $34,889,486.66. The trade was a 2.20% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Anthony Eisen sold 41,000 shares of the stock in a transaction on Wednesday, August 5th. The shares were sold at an average price of $85.85, for a total value of $3,519,850.00. Following the transaction, the director directly owned 1,566,672 shares of the company's stock, valued at approximately $134,498,791.20. The trade was a 2.55% 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. In the last 90 days, insiders have sold 363,913 shares of company stock valued at $29,462,126. Company insiders own 11.37% of the company's stock.

Institutional Trading of Block

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Capital World Investors lifted its stake in Block by 41.8% during 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 purchasing an additional 4,727,217 shares during the last quarter. BlackRock Inc. bought a new stake in shares of Block during the 2nd quarter worth $621,703,000. Norges Bank acquired a new position in shares of Block in the 4th quarter worth $484,387,000. Contour Asset Management LLC raised its position in shares of Block by 30.4% during the fourth quarter. Contour Asset Management LLC now owns 4,666,891 shares of the technology company's stock worth $303,768,000 after purchasing an additional 1,088,299 shares during the period. Finally, Hyperion Asset Management Ltd lifted its holdings in shares of Block by 6.9% during the second 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. Institutional investors own 70.44% of the company's stock.

Block Company Profile

(Get Free Report)

Block, Inc is a global technology company that develops financial services and commerce tools for businesses and consumers. Founded in 2009 as Square, the company changed its corporate name to Block in 2021 to reflect the expansion of its operations beyond seller-focused payment solutions.

Through its Square ecosystem, Block provides payment processing, point-of-sale hardware and software, business banking, invoicing, payroll, inventory management and other tools for merchants. Its consumer-focused Cash App offers services that may include peer-to-peer payments, money transfers, investing, debit-card access and bitcoin-related functionality, subject to availability and applicable regulations.

Block also owns Afterpay, a buy now, pay later platform, and has operated additional businesses involving music streaming and bitcoin infrastructure.

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