Block (NYSE:XYZ) Stock Rating Reaffirmed as Overweight by Cantor Fitzgerald

Block (NYSE:XYZ)‘s stock had its “overweight” rating reissued by stock analysts at Cantor Fitzgerald in a note issued to investors on Friday, Benzinga reports. They presently have a $95.00 price objective on the technology company’s stock. Cantor Fitzgerald’s target price suggests a potential upside of 23.76% from the stock’s previous close.

A number of other research firms have also issued reports on XYZ. Deutsche Bank Aktiengesellschaft raised shares of Block to a “buy” rating in a research note on Tuesday, June 30th. Needham & Company LLC lifted their price target on Block from $95.00 to $100.00 and gave the company a “buy” rating in a report on Thursday, August 6th. Scotiabank assumed coverage on Block in a research report on Wednesday, September 2nd. They set a “sector perform” rating and a $82.00 price objective for the company. TD Cowen raised their target price on Block from $101.00 to $105.00 and gave the company a “buy” rating in a research report on Thursday, August 6th. Finally, Keefe, Bruyette & Woods lifted their target price on Block from $90.00 to $100.00 and gave the company an “outperform” rating in a research note on Thursday, August 6th. Four investment analysts have rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating and nine have assigned a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $95.42.

Block Trading Up 2.8%

Shares of NYSE XYZ opened at $76.76 on Friday. Block has a 12-month low of $48.21 and a 12-month high of $86.92. The company has a market cap of $46.12 billion, a price-to-earnings ratio of 137.07, a price-to-earnings-growth ratio of 0.81 and a beta of 2.52. 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 stock’s 50 day simple moving average is $80.28 and its 200 day simple moving average is $73.24.

Block (NYSE:XYZ) last issued 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 return on equity of 8.10% and a net margin of 1.43%.Block’s quarterly revenue was up 9.3% compared to the same quarter last year. During the same quarter in the previous 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. Equities research analysts expect that Block will post 2.74 EPS for the current year.

Insider Activity at Block

In other Block news, CFO Amrita Ahuja sold 9,511 shares of Block stock in a transaction that occurred on Monday, August 24th. The shares were sold at an average price of $82.43, for a total value of $783,991.73. Following the completion of the sale, 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through 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 business’s stock in a transaction that occurred 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 completion of the sale, the director directly owned 1,566,672 shares of the company’s stock, 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 quarter, insiders have sold 369,913 shares of company stock valued at $29,935,706. 11.37% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Block

Several hedge funds have recently bought and sold shares of the business. BlackRock Inc. bought a new stake in shares of Block during the second quarter valued at approximately $621,703,000. Norges Bank bought a new position in shares of Block during the 4th quarter worth about $484,387,000. Capital World Investors lifted 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 worth $1,042,966,000 after acquiring an additional 4,727,217 shares during the period. Arrowstreet Capital Limited Partnership boosted its position in shares of Block by 528.2% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 3,309,296 shares of the technology company’s stock valued at $199,153,000 after acquiring an additional 2,782,523 shares in the last quarter. Finally, J. Stern & Co. LLP increased its stake in Block by 2,040.0% in the fourth quarter. J. Stern & Co. LLP now owns 2,299,565 shares of the technology company’s stock valued at $149,679,000 after acquiring an additional 2,192,110 shares during the period. 70.44% of the stock is owned by institutional investors and hedge funds.

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.