Block, Inc. (NYSE:XYZ) Receives $73.94 Consensus Price Target from Brokerages

Block, Inc. (NYSE:XYZ) has been given a consensus recommendation of “Moderate Buy” by the thirty-three ratings firms that are currently covering the company, Marketbeat reports. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating, twenty-three have assigned a buy rating and one has issued a strong buy rating on the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $74.63.

XYZ has been the subject of several recent analyst reports. Raymond James Financial set a $79.00 target price on shares of Block and gave the company an “outperform” rating in a research note on Monday, June 2nd. Wolfe Research set a $75.00 price objective on Block in a report on Monday, May 19th. KGI Securities raised shares of Block to a “hold” rating in a research report on Friday, May 9th. Evercore ISI raised their price objective on Block from $75.00 to $85.00 and gave the company an “outperform” rating in a report on Thursday. Finally, Robert W. Baird lowered their target price on Block from $105.00 to $80.00 and set an “outperform” rating on the stock in a research report on Tuesday, April 8th.

Insider Activity

In related news, insider Owen Britton Jennings sold 1,050 shares of the stock in a transaction dated Wednesday, July 2nd. The shares were sold at an average price of $69.26, for a total value of $72,723.00. Following the completion of the transaction, the insider directly owned 277,924 shares in the company, valued at $19,249,016.24. This trade represents a 0.38% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Brian Grassadonia sold 1,342 shares of the stock in a transaction that occurred on Wednesday, July 2nd. The shares were sold at an average price of $69.26, for a total transaction of $92,946.92. Following the sale, the insider owned 590,287 shares in the company, valued at approximately $40,883,277.62. The trade was a 0.23% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 77,287 shares of company stock valued at $4,624,074. 10.85% of the stock is owned by insiders.

Block Stock Performance

Shares of NYSE:XYZ opened at $72.86 on Thursday. The firm has a fifty day moving average price of $63.88. The company has a debt-to-equity ratio of 0.24, a current ratio of 2.27 and a quick ratio of 2.27. Block has a 52 week low of $44.27 and a 52 week high of $99.26. The firm has a market cap of $44.81 billion, a P/E ratio of 17.73, a PEG ratio of 1.80 and a beta of 2.74.

Block Company Profile

Square, Inc provides payment and point-of-sale solutions in the United States and internationally. The company's commerce ecosystem includes point-of-sale software and hardware that enables sellers to turn mobile and computing devices into payment and point-of-sale solutions. It offers hardware products, including Magstripe reader, which enables swiped transactions of magnetic stripe cards; Contactless and chip reader that accepts EMV® chip cards and Near Field Communication payments; Chip card reader, which accepts EMV® chip cards and enables swiped transactions of magnetic stripe cards; Square Stand, which enables an iPad to be used as a payment terminal or full point of sale solution; and Square Register that combines its hardware, point-of-sale software, and payments technology, as well as managed payments solutions.