Block (NYSE:XYZ) Receives “Overweight” Rating from Cantor Fitzgerald

Block (NYSE:XYZ)‘s stock had its “overweight” rating reissued by stock analysts at Cantor Fitzgerald in a report released on Friday, Benzinga reports. They presently have a $95.00 target price on the technology company’s stock. Cantor Fitzgerald’s target price would indicate a potential upside of 23.23% from the company’s previous close.

XYZ has been the subject of a number of other research reports. Monness Crespi & Hardt boosted their price target on Block from $115.00 to $125.00 and gave the stock a “buy” rating in a research report on Friday, August 7th. Rosenblatt Securities set a $100.00 price objective on Block in a report on Tuesday, June 30th. Needham & Company LLC upped their price objective on Block from $95.00 to $100.00 and gave the company a “buy” rating in a report on Thursday, August 6th. Clear Str upgraded Block to a “hold” rating in a report on Thursday, July 16th. Finally, William Blair lowered Block to a “market perform” rating in a report on Tuesday, June 30th. Four analysts have rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating and nine have issued a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $95.42.

Block Stock Performance

XYZ stock traded up $0.35 during trading on Friday, reaching $77.09. 1,102,832 shares of the company’s stock were exchanged, compared to its average volume of 6,304,895. 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. The company’s fifty day moving average price is $80.28 and its 200-day moving average price is $73.24. The firm has a market cap of $46.32 billion, a PE ratio of 137.55, a P/E/G ratio of 0.81 and a beta of 2.52.

Block (NYSE:XYZ) last announced its quarterly earnings results on Wednesday, August 5th. The technology company reported $1.02 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.48 by $0.54. Block had a return on equity of 8.10% and a net margin of 1.43%.The company had revenue of $6.62 billion during the quarter. During the same quarter last year, the firm posted $0.62 EPS. The company’s revenue was up 9.3% compared to the same quarter last year. 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, research analysts expect that Block will post 2.74 EPS for the current fiscal year.

Insider Activity at Block

In related news, Director Anthony Eisen sold 41,000 shares of the company’s stock in a transaction on Wednesday, August 5th. The stock was sold at an average price of $85.85, for a total transaction 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible 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 company’s stock in a transaction 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 transaction, the insider directly owned 557,654 shares in the company, valued at $44,612,320. The trade was a 7.21% 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 valued at $29,935,706. Company insiders own 11.37% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Raiffeisen Bank International AG boosted its stake 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 worth $3,503,000 after purchasing an additional 148 shares during the period. EverSource Wealth Advisors LLC boosted its position in Block by 33.9% in the 4th quarter. EverSource Wealth Advisors LLC now owns 707 shares of the technology company’s stock valued at $46,000 after buying an additional 179 shares during the period. Avior Wealth Management LLC boosted its position in Block by 3.3% in the 2nd quarter. Avior Wealth Management LLC now owns 6,081 shares of the technology company’s stock valued at $462,000 after buying an additional 193 shares during the period. Carson Advisory Inc. boosted its position in Block by 2.6% in the 1st quarter. Carson Advisory Inc. now owns 8,035 shares of the technology company’s stock valued at $484,000 after buying an additional 200 shares during the period. Finally, Cary Street Partners Investment Advisory LLC boosted its position in Block by 57.6% in the 4th quarter. Cary Street Partners Investment Advisory LLC now owns 610 shares of the technology company’s stock valued at $40,000 after buying an additional 223 shares during the period. Hedge funds and other institutional investors own 70.44% of the company’s stock.

Block Company Profile

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.