Block (NYSE:XYZ) Receives “Buy” Rating from BTIG Research

BTIG Research reiterated their buy rating on shares of Block (NYSE:XYZ) in a report issued on Monday morning,Benzinga reports. BTIG Research currently has a $90.00 price target on the technology company’s stock.

A number of other equities research analysts have also recently issued reports on XYZ. Canaccord Genuity Group upped their price target on shares of Block from $80.00 to $85.00 and gave the company a “buy” rating in a report on Monday, May 18th. Cantor Fitzgerald lifted their price objective on Block from $88.00 to $95.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 22nd. Craig Hallum began coverage on Block in a research report on Tuesday, June 30th. They set a “buy” rating for the company. Zacks Research upgraded Block from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, June 10th. Finally, Morgan Stanley raised their target price on Block from $96.00 to $98.00 and gave the company an “overweight” rating in a report on Friday, May 29th. Four analysts have rated the stock with a Strong Buy rating, twenty-four have given a Buy rating and nine have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $89.84.

Block Price Performance

Shares of Block stock opened at $81.19 on Monday. The company has a current ratio of 1.99, a quick ratio of 1.99 and a debt-to-equity ratio of 0.26. The firm has a fifty day simple moving average of $74.65 and a 200-day simple moving average of $67.14. The stock has a market capitalization of $48.32 billion, a price-to-earnings ratio of 63.43, a PEG ratio of 0.97 and a beta of 2.54. Block has a 1-year low of $48.21 and a 1-year high of $84.08.

Block (NYSE:XYZ) last posted its earnings results on Thursday, May 7th. The technology company reported $0.85 earnings per share (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 quarterly revenue was up 4.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.56 earnings per share. 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, sell-side analysts expect that Block will post 2.48 earnings per share for the current year.

Insider Activity

In other Block news, Director Anthony Mathew Eisen sold 6,000 shares of the company’s stock in a transaction that occurred on Monday, July 13th. The stock was sold at an average price of $78.35, for a total value of $470,100.00. Following the completion of the transaction, the director owned 1,838,672 shares of the company’s stock, valued at $144,059,951.20. This represents a 0.33% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Brian Grassadonia sold 43,348 shares of the firm’s stock in a transaction that occurred on Thursday, July 2nd. The stock was sold at an average price of $80.00, for a total value of $3,467,840.00. Following the completion of the sale, the insider owned 557,654 shares of the company’s stock, valued at $44,612,320. This represents a 7.21% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders sold 323,300 shares of company stock valued at $24,742,756. 11.37% of the stock is owned by corporate insiders.

Institutional Trading of Block

Several institutional investors have recently modified their holdings of the company. Sound Income Strategies LLC lifted its position in Block by 57.1% in the fourth quarter. Sound Income Strategies LLC now owns 443 shares of the technology company’s stock worth $29,000 after purchasing an additional 161 shares during the period. Elevation Wealth Partners LLC increased its holdings in Block by 301.0% in the 2nd quarter. Elevation Wealth Partners LLC now owns 389 shares of the technology company’s stock valued at $30,000 after buying an additional 292 shares during the period. Global Assets Advisory LLC acquired a new position in shares of Block in the 1st quarter valued at $31,000. Rachor Investment Advisory Services LLC acquired a new position in shares of Block in the 4th quarter valued at $32,000. Finally, Cary Street Partners Investment Advisory LLC raised its stake in shares of Block by 57.6% in the 4th quarter. Cary Street Partners Investment Advisory LLC now owns 610 shares of the technology company’s stock valued at $40,000 after buying an additional 223 shares in the last quarter. Institutional investors and hedge funds own 70.44% of the company’s stock.

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.