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

BTIG Research restated their buy rating on shares of Block (NYSE:XYZ) in a research report report published on Monday,Benzinga reports. They currently have a $90.00 price objective on the technology company’s stock.

A number of other analysts have also recently issued reports on XYZ. Clear Str upgraded shares of Block to a “hold” rating in a research note on Thursday, July 16th. Cantor Fitzgerald upped their price target on shares of Block from $88.00 to $95.00 and gave the company an “overweight” rating in a research note on Wednesday, July 22nd. BMO Capital Markets increased their price target on shares of Block from $78.00 to $85.00 and gave the company a “market perform” rating in a report on Wednesday, July 22nd. Morgan Stanley increased their price target on shares of Block from $96.00 to $98.00 and gave the company an “overweight” rating in a report on Friday, May 29th. Finally, Royal Bank Of Canada raised their price objective on shares of Block from $90.00 to $93.00 and gave the stock an “outperform” rating in a research report on Friday, May 8th. Four analysts have rated the stock with a Strong Buy rating, twenty-four have assigned a Buy rating and nine have assigned a Hold rating to the stock. Based on data from MarketBeat, Block currently has an average rating of “Moderate Buy” and an average target price of $89.84.

Block Stock Down 1.0%

XYZ opened at $82.30 on Monday. The stock’s fifty day simple moving average is $75.15 and its 200 day simple moving average is $67.31. Block has a 1-year low of $48.21 and a 1-year high of $84.08. The stock has a market cap of $48.98 billion, a PE ratio of 64.30, a price-to-earnings-growth ratio of 1.05 and a beta of 2.54. The company has a current ratio of 1.99, a quick ratio of 1.99 and a debt-to-equity ratio of 0.26.

Block (NYSE:XYZ) last released its quarterly earnings data on Thursday, May 7th. The technology company reported $0.85 EPS for the quarter, topping analysts’ consensus estimates of $0.30 by $0.55. Block had a net margin of 3.30% and a return on equity of 7.02%. The firm had revenue of $6.06 billion during the quarter. During the same period last year, the firm earned $0.56 earnings per share. The company’s revenue for the quarter was up 4.9% compared to the same quarter last year. Block has set its Q2 2026 guidance at 0.860-0.860 EPS and its FY 2026 guidance at 3.850-3.850 EPS. As a group, research analysts expect that Block will post 2.48 earnings per share for the current year.

Insider Activity at Block

In related news, insider Brian Grassadonia sold 43,348 shares of the firm’s stock in a transaction dated Thursday, July 2nd. The shares were sold at an average price of $80.00, for a total transaction of $3,467,840.00. Following the transaction, the insider directly owned 557,654 shares of the company’s stock, valued at approximately $44,612,320. This trade represents a 7.21% 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, CFO Amrita Ahuja sold 8,093 shares of the firm’s stock in a transaction dated Tuesday, June 16th. The stock was sold at an average price of $75.00, for a total transaction of $606,975.00. Following 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 disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders have sold 347,300 shares of company stock worth $26,657,536. Corporate insiders own 11.37% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in XYZ. Hyperion Asset Management Ltd raised its position in shares of Block by 6.9% in the second quarter. Hyperion Asset Management Ltd now owns 2,682,854 shares of the technology company’s stock valued at $203,897,000 after buying an additional 172,848 shares in the last quarter. Tema ETFs LLC boosted its stake in shares of Block by 9.8% in the second quarter. Tema ETFs LLC now owns 11,329 shares of the technology company’s stock valued at $861,000 after buying an additional 1,015 shares during the period. Arista Wealth Management LLC acquired a new stake in Block during the second quarter worth approximately $418,000. Everhart Financial Group Inc. grew its position in Block by 6.4% during the second quarter. Everhart Financial Group Inc. now owns 5,094 shares of the technology company’s stock worth $387,000 after buying an additional 306 shares in the last quarter. Finally, Valeo Financial Advisors LLC bought a new position in Block during the 2nd quarter worth $237,000. 70.44% of the stock is owned by institutional investors.

About Block

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.