Block’s (XYZ) “Buy” Rating Reiterated at BTIG Research

BTIG Research reiterated their buy rating on shares of Block (NYSE:XYZ) in a research note issued to investors on Wednesday,Benzinga reports. BTIG Research currently has a $100.00 price target on the technology company’s stock.

Other equities research analysts also recently issued reports about the company. Susquehanna boosted their target price on Block from $90.00 to $100.00 and gave the stock a “positive” rating in a research report on Thursday, August 6th. BMO Capital Markets upgraded Block from a “market perform” rating to an “outperform” rating and set a $101.00 price target for the company in a report on Thursday, October 22nd. Scotiabank began coverage on Block in a research note on Wednesday, September 2nd. They issued a “sector perform” rating and a $82.00 price objective on the stock. Deutsche Bank Aktiengesellschaft raised Block to a “buy” rating in a research note on Tuesday, June 30th. Finally, Cantor Fitzgerald reaffirmed an “overweight” rating and set a $95.00 price objective on shares of Block in a report on Friday, September 25th. Three 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 company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $95.61.

Block Stock Performance

Shares of NYSE XYZ opened at $76.36 on Wednesday. The company has a market cap of $45.88 billion, a P/E ratio of 26.35, a P/E/G ratio of 0.80 and a beta of 2.55. Block has a 52-week low of $48.21 and a 52-week high of $86.92. The company has a debt-to-equity ratio of 0.26, a quick ratio of 2.21 and a current ratio of 2.21. The firm’s fifty day moving average is $78.00 and its two-hundred day moving average is $71.08.

Block (NYSE:XYZ) last released its quarterly earnings data on Wednesday, August 5th. The technology company reported $1.02 EPS for the quarter, beating the consensus estimate of $0.48 by $0.54. The business 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 firm’s revenue for the quarter was up 9.3% on a year-over-year basis. During the same period last 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. As a group, analysts anticipate that Block will post 2.75 EPS for the current fiscal year.

Insider Transactions at Block

In other news, Director Anthony Eisen sold 6,000 shares of the firm’s stock in a transaction that occurred on Wednesday, October 28th. The stock was sold at an average price of $74.44, for a total value of $446,640.00. Following the completion of the sale, the director directly owned 1,212,672 shares of the company’s stock, valued at $90,271,303.68. This trade represents a 0.49% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 314,565 shares of company stock worth $25,254,486 in the last quarter. Corporate insiders own 11.37% of the company’s stock.

Institutional Trading of Block

Several hedge funds and other institutional investors have recently bought and sold shares of XYZ. BlackRock Inc. purchased a new stake in Block in the second quarter worth $621,703,000. Arrowstreet Capital Limited Partnership lifted its position in shares of Block by 528.2% during the first quarter. Arrowstreet Capital Limited Partnership now owns 3,309,296 shares of the technology company’s stock worth $199,153,000 after purchasing an additional 2,782,523 shares during the last quarter. Assenagon Asset Management S.A. lifted its position in shares of Block by 372.8% during the second quarter. Assenagon Asset Management S.A. now owns 937,540 shares of the technology company’s stock worth $71,253,000 after purchasing an additional 739,264 shares during the last quarter. Bank of America Corp DE purchased a new stake in shares of Block during the second quarter valued at $23,531,000. Finally, Engineers Gate Manager LP boosted its stake in shares of Block by 2,575.4% during the second quarter. Engineers Gate Manager LP now owns 571,414 shares of the technology company’s stock valued at $43,427,000 after purchasing an additional 550,056 shares during the period. Hedge funds and other institutional investors own 70.44% of the company’s stock.

About Block

Block, Inc is a financial technology company that provides payments, commerce, and financial services through an ecosystem of business and consumer products. Formerly known as Square, the company was co-founded by Jack Dorsey and Jim McKelvey and changed its corporate name to Block in 2021.

Its Square ecosystem serves businesses with point-of-sale hardware, payment processing, invoicing, payroll, inventory management, customer engagement, online commerce, and other software tools. Block also offers lending and other financial services to eligible business customers through Square-related products.

For consumers, Block operates Cash App, a mobile financial services platform that supports services such as peer-to-peer payments, money transfers, a Cash App Card, direct deposit, investing, and bitcoin transactions, subject to product and geographic availability.