Block (NYSE:XYZ) Earns “Outperform” Rating from Royal Bank Of Canada

Block (NYSE:XYZ)‘s stock had its “outperform” rating reiterated by stock analysts at Royal Bank Of Canada in a research report issued on Wednesday, Benzinga reports. They currently have a $95.00 price target on the technology company’s stock. Royal Bank Of Canada‘s target price indicates a potential upside of 21.47% from the stock’s previous close.

Several other research analysts have also recently weighed in on the stock. Rosenblatt Securities set a $100.00 price target on shares of Block in a research report on Tuesday, June 30th. Clear Str raised shares of Block to a “hold” rating in a research report on Thursday, July 16th. Weiss Ratings raised shares of Block from a “hold (c-)” rating to a “hold (c)” rating in a research report on Thursday, August 6th. BTIG Research reissued a “buy” rating and set a $100.00 price target on shares of Block in a research report on Friday, September 25th. Finally, William Blair cut shares of Block to a “market perform” rating in a research report on Tuesday, June 30th. Four investment analysts have rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating and nine have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $95.55.

Block Stock Performance

Shares of XYZ stock traded up $0.11 on Wednesday, hitting $78.21. The company had a trading volume of 2,821,239 shares, compared to its average volume of 6,160,642. The firm has a market cap of $46.99 billion, a P/E ratio of 139.65, a price-to-earnings-growth ratio of 0.81 and a beta of 2.55. The company has a 50-day moving average price of $78.72 and a 200-day moving average price of $75.26. 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 twelve month low of $48.21 and a twelve month high of $86.92.

Block (NYSE:XYZ) last posted its earnings results on Wednesday, August 5th. The technology company reported $1.02 earnings per share (EPS) for the quarter, beating 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 business’s revenue for the quarter was up 9.3% on a year-over-year basis. During the same quarter in the prior year, the firm 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. As a group, equities research analysts predict that Block will post 2.74 earnings per share for the current fiscal year.

Insider Buying and Selling at Block

In related news, Director Anthony Eisen sold 6,000 shares of the stock in a transaction dated Monday, October 19th. The stock was sold at an average price of $78.58, for a total transaction of $471,480.00. Following the transaction, the director owned 1,254,672 shares of the company’s stock, valued at approximately $98,592,125.76. This represents a 0.48% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 308,565 shares of company stock valued at $24,872,046 over the last ninety days. Insiders own 11.37% of the company’s stock.

Hedge Funds Weigh In On Block

Several institutional investors have recently bought and sold shares of XYZ. Elevation Wealth Partners LLC raised its position in shares of Block by 301.0% during the 2nd 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 in the last quarter. Global Assets Advisory LLC acquired a new stake in shares of Block during the 1st quarter valued at approximately $31,000. Meeder Asset Management Inc. acquired a new stake in shares of Block during the 2nd quarter valued at approximately $46,000. Ancora Advisors LLC acquired a new stake in shares of Block during the 2nd quarter valued at approximately $53,000. Finally, Annis Gardner Whiting Capital Advisors LLC raised its position in shares of Block by 1,033.3% during the 1st quarter. Annis Gardner Whiting Capital Advisors LLC now owns 918 shares of the technology company’s stock valued at $55,000 after acquiring an additional 837 shares in the last quarter. 70.44% of the stock is owned by institutional investors and hedge funds.

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.