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

Shares of Block, Inc. (NYSE:XYZ) have been given an average rating of “Moderate Buy” by the forty research firms that are presently covering the firm, MarketBeat.com reports. Eight investment analysts have rated the stock with a hold rating, twenty-nine have given a buy rating and three have given a strong buy rating to the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $95.8438.

Several equities research analysts have weighed in on the company. Zacks Research downgraded Block from a “strong-buy” rating to a “hold” rating in a research report on Thursday, July 30th. Monness Crespi & Hardt boosted their target price on shares of Block from $115.00 to $125.00 and gave the stock a “buy” rating in a research note on Friday, August 7th. Keefe, Bruyette & Woods raised their price objective on Block from $90.00 to $100.00 and gave the company an “outperform” rating in a report on Thursday, August 6th. Craig Hallum assumed coverage on Block in a report on Tuesday, June 30th. They set a “buy” rating on the stock. Finally, Canaccord Genuity Group boosted their price target on shares of Block from $85.00 to $100.00 and gave the company a “buy” rating in a research report on Thursday, August 13th.

Block Stock Performance

Shares of XYZ stock opened at $84.89 on Friday. The firm has a market cap of $51.00 billion, a price-to-earnings ratio of 151.59, a PEG ratio of 0.93 and a beta of 2.53. The company has a quick ratio of 2.21, a current ratio of 2.21 and a debt-to-equity ratio of 0.26. Block has a 52-week low of $48.21 and a 52-week high of $86.92. The company’s 50 day moving average is $79.46 and its 200 day moving average is $69.99.

Block (NYSE:XYZ) last posted its earnings results on Wednesday, August 5th. The technology company reported $1.02 EPS for the quarter, beating analysts’ consensus estimates of $0.48 by $0.54. The company 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 company’s revenue was up 9.3% on a year-over-year basis. During the same period in the previous year, the company 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. On average, sell-side analysts anticipate that Block will post 2.69 EPS for the current fiscal year.

Insider Buying and Selling at Block

In other Block news, insider Brian Grassadonia sold 8,173 shares of Block stock in a transaction dated Monday, August 24th. The stock was sold at an average price of $82.42, for a total transaction of $673,618.66. Following the completion of the sale, the insider directly owned 513,981 shares of the company’s stock, valued at $42,362,314.02. The trade was a 1.57% decrease in their position. The sale was disclosed in a filing 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 Owen Britton Jennings sold 1,317 shares of the business’s stock in a transaction that occurred on Monday, August 24th. The stock was sold at an average price of $81.48, for a total value of $107,309.16. Following the sale, the insider owned 460,128 shares of the company’s stock, valued at approximately $37,491,229.44. The trade was a 0.29% 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 have sold 501,756 shares of company stock valued at $39,582,259 over the last three months. 11.37% of the stock is currently owned by company insiders.

Institutional Trading of Block

Several institutional investors and hedge funds have recently bought and sold shares of XYZ. California State Teachers Retirement System increased its position in Block by 6,740.0% during the 2nd quarter. California State Teachers Retirement System now owns 54,852,088 shares of the technology company’s stock worth $4,168,759,000 after purchasing an additional 54,050,161 shares during the period. BlackRock Inc. acquired a new stake in Block during the 2nd quarter valued at $621,703,000. Capital World Investors increased its position in Block by 41.8% during the 4th quarter. Capital World Investors now owns 16,023,441 shares of the technology company’s stock worth $1,042,966,000 after purchasing an additional 4,727,217 shares in the last quarter. Geode Capital Management LLC raised its position in shares of Block by 0.5% in the fourth quarter. Geode Capital Management LLC now owns 14,406,899 shares of the technology company’s stock valued at $934,121,000 after buying an additional 67,560 shares during the last quarter. Finally, Ameriprise Financial Inc. acquired a new position in Block in the 2nd quarter valued at $535,305,000. 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.