Block’s (XYZ) Overweight Rating Reaffirmed at Cantor Fitzgerald

Block (NYSE:XYZ)‘s stock had its “overweight” rating reissued by stock analysts at Cantor Fitzgerald in a research report issued on Friday, Benzinga reports. They presently have a $95.00 price target on the technology company’s stock. Cantor Fitzgerald’s price objective suggests a potential upside of 24.76% from the stock’s current price.

Other equities analysts have also issued reports about the company. Zacks Research lowered Block from a “strong-buy” rating to a “hold” rating in a report on Thursday, July 30th. Benchmark upgraded Block to a “strong-buy” rating in a report on Thursday, September 10th. Rosenblatt Securities set a $100.00 target price on Block in a report on Tuesday, June 30th. The Goldman Sachs Group upgraded Block from a “buy” rating to a “buy” rating in a report on Tuesday, June 30th. Finally, UBS Group raised 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. Four research analysts have rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating and nine have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $95.42.

Block Stock Down 0.8%

Shares of Block stock traded down $0.59 during midday trading on Friday, hitting $76.15. The company’s stock had a trading volume of 417,541 shares, compared to its average volume of 6,300,551. The firm has a market capitalization of $45.75 billion, a P/E ratio of 136.05, a PEG ratio of 0.81 and a beta of 2.52. The stock has a 50-day simple moving average of $80.28 and a 200-day simple moving average of $73.24. 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 1-year low of $48.21 and a 1-year high of $86.92.

Block (NYSE:XYZ) last released its quarterly earnings data on Wednesday, August 5th. The technology company reported $1.02 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.48 by $0.54. The firm had revenue of $6.62 billion during the quarter. Block had a return on equity of 8.10% and a net margin of 1.43%.Block’s revenue for the quarter was up 9.3% on a year-over-year basis. During the same period in the previous year, the business posted $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, sell-side analysts expect that Block will post 2.74 earnings per share for the current year.

Insider Transactions at Block

In related news, CFO Amrita Ahuja sold 9,511 shares of the business’s stock in a transaction dated Monday, August 24th. The stock was sold at an average price of $82.43, for a total transaction of $783,991.73. Following the transaction, the chief financial officer directly owned 423,262 shares in the company, 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 legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Anthony Eisen sold 41,000 shares of the business’s stock in a transaction dated 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 owned 1,566,672 shares in the company, valued at $134,498,791.20. This represents a 2.55% 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. Over the last ninety days, insiders have sold 369,913 shares of company stock worth $29,935,706. Company insiders own 11.37% of the company’s stock.

Institutional Investors Weigh In On Block

A number of institutional investors have recently added to or reduced their stakes in the stock. Raiffeisen Bank International AG boosted its holdings in shares of Block by 0.3% during the 2nd quarter. Raiffeisen Bank International AG now owns 44,901 shares of the technology company’s stock valued at $3,503,000 after acquiring an additional 148 shares during the last quarter. EverSource Wealth Advisors LLC boosted its holdings in shares of Block by 33.9% during the 4th quarter. EverSource Wealth Advisors LLC now owns 707 shares of the technology company’s stock valued at $46,000 after acquiring an additional 179 shares during the last quarter. Avior Wealth Management LLC boosted its holdings in shares of Block by 3.3% during the 2nd quarter. Avior Wealth Management LLC now owns 6,081 shares of the technology company’s stock valued at $462,000 after acquiring an additional 193 shares during the last quarter. Carson Advisory Inc. boosted its holdings in shares of Block by 2.6% during the 1st quarter. Carson Advisory Inc. now owns 8,035 shares of the technology company’s stock valued at $484,000 after acquiring an additional 200 shares during the last quarter. Finally, Cary Street Partners Investment Advisory LLC boosted its holdings in shares of Block by 57.6% during the 4th quarter. Cary Street Partners Investment Advisory LLC now owns 610 shares of the technology company’s stock valued at $40,000 after acquiring an additional 223 shares during the last quarter. 70.44% of the stock is owned by institutional investors and hedge funds.

About Block

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.