Block, Inc. (NYSE:XYZ) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Shares of Block, Inc. (NYSE:XYZ) have received an average recommendation of “Moderate Buy” from the thirty-seven brokerages that are presently covering the firm, Marketbeat reports. Nine equities research analysts have rated the stock with a hold rating, twenty-four have assigned a buy rating and four have issued a strong buy rating on the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $89.8387.

XYZ has been the subject of several recent research reports. Canaccord Genuity Group increased their price target on Block from $80.00 to $85.00 and gave the company a “buy” rating in a report on Monday, May 18th. Weiss Ratings upgraded Block from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Monday, June 1st. Wall Street Zen upgraded Block from a “hold” rating to a “buy” rating in a report on Saturday, May 9th. Keefe, Bruyette & Woods boosted their price target on Block from $85.00 to $90.00 and gave the stock an “outperform” rating in a research report on Friday, May 8th. Finally, Clear Str upgraded Block to a “hold” rating in a report on Thursday, July 16th.

Block Price Performance

XYZ opened at $77.19 on Monday. The company has a quick ratio of 1.99, a current ratio of 1.99 and a debt-to-equity ratio of 0.26. Block has a 52-week low of $48.21 and a 52-week high of $84.08. The company has a 50 day moving average of $74.44 and a two-hundred day moving average of $67.06. The company has a market cap of $45.94 billion, a P/E ratio of 60.31, a P/E/G ratio of 0.97 and a beta of 2.54.

Block (NYSE:XYZ) last issued its earnings results on Thursday, May 7th. The technology company reported $0.85 EPS for the quarter, beating analysts’ consensus estimates of $0.30 by $0.55. The business had revenue of $6.06 billion for the quarter. Block had a net margin of 3.30% and a return on equity of 7.02%. The business’s revenue was up 4.9% on a year-over-year basis. During the same period in the prior year, the business posted $0.56 EPS. Block has set its Q2 2026 guidance at 0.860-0.860 EPS and its FY 2026 guidance at 3.850-3.850 EPS. On average, analysts expect that Block will post 2.48 earnings per share for the current year.

Insider Transactions at Block

In other news, CFO Amrita Ahuja sold 8,093 shares of the company’s stock in a transaction on Tuesday, June 16th. The shares were sold at an average price of $75.00, for a total value of $606,975.00. Following the completion of the transaction, the chief financial officer directly owned 463,246 shares in the company, valued at approximately $34,743,450. This represents a 1.72% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Anthony Mathew Eisen sold 135,750 shares of Block stock in a transaction on Monday, June 1st. The stock was sold at an average price of $76.81, for a total transaction of $10,426,957.50. Following the sale, the director directly owned 2,032,990 shares in the company, valued at $156,153,961.90. This trade represents a 6.26% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 323,300 shares of company stock valued at $24,742,756. Corporate insiders own 11.37% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the business. Ameriprise Financial Inc. bought a new stake in shares of Block in the second quarter worth $535,305,000. Norges Bank acquired a new stake in Block in the fourth quarter valued at $484,387,000. Viking Global Investors LP bought a new position in Block during the 2nd quarter valued at $368,213,000. Capital World Investors boosted its stake in 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 acquiring an additional 4,727,217 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership grew its holdings in Block by 528.2% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 3,309,296 shares of the technology company’s stock worth $199,153,000 after acquiring an additional 2,782,523 shares in the last quarter. Institutional investors and hedge funds own 70.44% of the company’s stock.

Block Company Profile

Block (NYSE:XYZ) is a financial technology company that builds products and services to facilitate electronic payments, commerce, and consumer finance. Its principal business lines include a seller-focused ecosystem that provides point-of-sale hardware and software, payment processing, invoicing, payroll and lending services, and a consumer-facing platform that offers peer-to-peer payments, banking-like features, and investing. Block’s portfolio also encompasses music streaming and buy-now-pay-later capabilities through businesses acquired to broaden its reach beyond core payments.

The company was founded as Square in 2009 by Jack Dorsey and Jim McKelvey and later rebranded to Block to reflect a diversified set of businesses across payments, consumer finance, and emerging technologies.