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

Block (NYSE:XYZ)‘s stock had its “overweight” rating reiterated by investment analysts at Cantor Fitzgerald in a research report issued to clients and investors on Friday, Benzinga reports. They currently have a $95.00 price objective on the technology company’s stock. Cantor Fitzgerald’s price objective indicates a potential upside of 24.25% from the stock’s current price.

XYZ has been the subject of several other research reports. Monness Crespi & Hardt upped their price target on shares of Block from $115.00 to $125.00 and gave the stock a “buy” rating in a research report on Friday, August 7th. Deutsche Bank Aktiengesellschaft raised Block to a “buy” rating in a research note on Tuesday, June 30th. Rosenblatt Securities set a $100.00 price objective on Block in a research note on Tuesday, June 30th. Zacks Research lowered shares of Block from a “strong-buy” rating to a “hold” rating in a research report on Thursday, July 30th. Finally, Susquehanna raised their target price on Block from $90.00 to $100.00 and gave the company a “positive” rating in a report on Thursday, August 6th. Four equities 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 stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $95.42.

Block Stock Performance

Block stock traded down $0.28 during trading hours on Friday, hitting $76.46. 701,017 shares of the stock traded hands, compared to its average volume of 6,302,652. Block has a 1 year low of $48.21 and a 1 year high of $86.92. 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 stock has a market capitalization of $45.93 billion, a price-to-earnings ratio of 136.61, a P/E/G ratio of 0.81 and a beta of 2.52. The firm’s 50 day moving average price is $80.28 and its 200-day moving average price is $73.24.

Block (NYSE:XYZ) last issued its earnings results on Wednesday, August 5th. The technology company reported $1.02 earnings per share (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 net margin of 1.43% and a return on equity of 8.10%. The company’s revenue for the quarter was up 9.3% on a year-over-year basis. During the same period last year, the business 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, equities analysts expect that Block will post 2.74 EPS for the current fiscal year.

Insider Transactions at Block

In other news, Director Anthony Eisen sold 6,000 shares of Block stock in a transaction dated Wednesday, September 23rd. The stock was sold at an average price of $76.67, for a total value of $460,020.00. Following the transaction, the director directly owned 1,362,672 shares of the company’s stock, valued at $104,476,062.24. The trade was a 0.44% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 369,913 shares of company stock valued at $29,935,706 in the last ninety days. 11.37% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Block

Several hedge funds and other institutional investors have recently modified their holdings of XYZ. Elevation Wealth Partners LLC increased its stake in shares of Block by 301.0% during the second quarter. Elevation Wealth Partners LLC now owns 389 shares of the technology company’s stock valued at $30,000 after acquiring an additional 292 shares during the period. Global Assets Advisory LLC bought a new position in shares of Block during the 1st quarter valued at about $31,000. Cary Street Partners Investment Advisory LLC boosted its position 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 purchasing an additional 223 shares in the last quarter. Osbon Capital Management LLC bought a new position in shares of Block during the 4th quarter valued at about $43,000. Finally, EverSource Wealth Advisors LLC lifted its holdings in shares of Block by 33.9% during the fourth quarter. EverSource Wealth Advisors LLC now owns 707 shares of the technology company’s stock valued at $46,000 after purchasing an additional 179 shares during the last quarter. Institutional investors and hedge funds 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.