Block (NYSE:XYZ) Stock Keeps Overweight Rating at Cantor Fitzgerald

Block (NYSE:XYZ)‘s stock had its “overweight” rating reaffirmed by investment analysts at Cantor Fitzgerald in a note issued to investors on Friday, Benzinga reports. They currently have a $95.00 price objective on the technology company’s stock. Cantor Fitzgerald’s target price would indicate a potential upside of 28.33% from the stock’s previous close.

Several other research firms have also commented on XYZ. Benchmark upgraded Block to a “strong-buy” rating in a research note on Thursday, September 10th. BMO Capital Markets upped their price objective on Block from $78.00 to $85.00 and gave the stock a “market perform” rating in a research note on Wednesday, July 22nd. William Blair lowered Block to a “market perform” rating in a research note on Tuesday, June 30th. Wolfe Research upped their price objective on Block from $100.00 to $115.00 and gave the stock an “outperform” rating in a research note on Tuesday, August 25th. Finally, Needham & Company LLC upped their price objective on Block from $95.00 to $100.00 and gave the stock a “buy” rating in a research note on Thursday, August 6th. Four research 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.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $95.42.

Block Stock Performance

Shares of NYSE:XYZ traded up $0.50 during midday trading on Friday, hitting $74.03. The company had a trading volume of 3,766,619 shares, compared to its average volume of 6,286,896. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.21 and a quick ratio of 2.21. The company has a market cap of $44.48 billion, a price-to-earnings ratio of 132.20, a PEG ratio of 0.77 and a beta of 2.52. Block has a 12-month low of $48.21 and a 12-month high of $86.92. The company has a fifty day moving average of $79.84 and a two-hundred day moving average of $73.64.

Block (NYSE:XYZ) last posted its quarterly earnings data on Wednesday, August 5th. The technology company reported $1.02 EPS for the quarter, topping the consensus estimate 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%.The company’s revenue for the quarter was up 9.3% on a year-over-year basis. During the same quarter last year, the company earned $0.62 earnings per share. 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, equities research analysts expect that Block will post 2.74 EPS for the current fiscal year.

Insider Transactions at Block

In other Block news, Director Anthony Eisen sold 6,000 shares of the stock in a transaction on Wednesday, September 30th. The stock was sold at an average price of $74.33, for a total value of $445,980.00. Following the completion of the sale, the director owned 1,332,672 shares in the company, valued at approximately $99,057,509.76. This represents a 0.45% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders sold 296,565 shares of company stock valued at $24,020,586. Corporate insiders own 11.37% of the company’s stock.

Institutional Investors Weigh In On Block

A number of institutional investors have recently bought and sold shares of XYZ. BlackRock Inc. bought a new position in shares of Block during the 2nd quarter valued at about $621,703,000. Capital World Investors boosted its holdings in shares of Block by 41.8% during the 4th 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. Geode Capital Management LLC boosted its holdings in shares of Block by 0.5% during the 4th quarter. Geode Capital Management LLC now owns 14,406,899 shares of the technology company’s stock valued at $934,121,000 after purchasing an additional 67,560 shares during the last quarter. Norges Bank bought a new position in shares of Block during the 4th quarter valued at about $484,387,000. Finally, Contour Asset Management LLC boosted its holdings in shares of Block by 30.4% during the 4th quarter. Contour Asset Management LLC now owns 4,666,891 shares of the technology company’s stock valued at $303,768,000 after purchasing an additional 1,088,299 shares during the last quarter. Hedge funds and other institutional investors own 70.44% of the company’s stock.

About Block

Block, Inc (NYSE:XYZ), formerly known as Square, is a financial technology company that develops tools for businesses, consumers and creators. Founded in 2009 by Jack Dorsey and Jim McKelvey, the company changed its corporate name to Block in 2021 to reflect the expansion of its operations beyond its original seller-payments business.

Block’s Square ecosystem provides payment processing, point-of-sale hardware and software, business banking, invoicing, payroll, inventory management and other services for merchants.