Block (NYSE:XYZ) Stock Rating Reaffirmed as "Buy" by BTIG Research

Key Points

• BTIG Research reaffirmed a “Buy” rating on Block and set a $100 price target, implying approximately 30.7% upside from the reported $76.52 share price. Analysts overall give the stock a “Moderate Buy” consensus rating with an average target of $95.42.
• Block reported quarterly EPS of $1.02, beating the $0.48 consensus estimate, while revenue rose 9.3% year over year to $6.62 billion. Analysts expect the company to post $2.74 EPS for the current year.
• Insiders sold roughly 363,913 shares worth $29.5 million over the past quarter, although insiders still own 11.37% of the company; institutional investors hold 70.44%.

Block (NYSE:XYZ - Get Free Report)'s stock had its "buy" rating reissued by equities researchers at BTIG Research in a note issued to investors on Friday, Benzinga reports. They presently have a $100.00 target price on the technology company's stock. BTIG Research's price target would indicate a potential upside of 30.68% from the stock's current price.

Several other research analysts also recently issued reports on the stock. Craig Hallum started coverage on shares of Block in a report on Tuesday, June 30th. They set a "buy" rating on the stock. Jefferies Financial Group started coverage on shares of Block in a report on Tuesday, June 30th. They set a "hold" rating on the stock. Royal Bank Of Canada boosted their price objective on shares of Block from $93.00 to $95.00 and gave the stock an "outperform" rating in a report on Thursday, August 6th. Keefe, Bruyette & Woods boosted their price objective on shares of Block from $90.00 to $100.00 and gave the stock an "outperform" rating in a report on Thursday, August 6th. Finally, Oppenheimer restated an "outperform" rating and set a $97.00 price objective on shares of Block in a report on Thursday, August 6th. Four equities research analysts have rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating and nine have given a Hold rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $95.42.

Block Stock Performance

NYSE:XYZ opened at $76.52 on Friday. The firm's 50-day moving average is $80.22 and its 200-day moving average is $73.32. Block has a 52-week low of $48.21 and a 52-week high of $86.92. The company has a debt-to-equity ratio of 0.26, a quick ratio of 2.21 and a current ratio of 2.21. The company has a market cap of $45.97 billion, a price-to-earnings ratio of 136.64, a PEG ratio of 0.80 and a beta of 2.52.

Block (NYSE:XYZ - Get Free Report) last posted its quarterly earnings data on Wednesday, August 5th. The technology company reported $1.02 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.48 by $0.54. Block had a net margin of 1.43% and a return on equity of 8.10%. The company had revenue of $6.62 billion for the quarter. During the same quarter in the previous year, the firm posted $0.62 EPS. The business's revenue for the quarter was up 9.3% compared to the same quarter last year. Block has set its FY 2026 guidance at 4.020-4.020 EPS and its Q3 2026 guidance at 1.020-1.020 EPS. Equities research analysts anticipate that Block will post 2.74 earnings per share for the current year.

Insiders Place Their Bets

In related news, Director Anthony Eisen sold 6,000 shares of the company's stock in a transaction dated Wednesday, September 23rd. The shares were sold at an average price of $76.67, for a total value of $460,020.00. Following the sale, the director owned 1,362,672 shares of the company's stock, valued at $104,476,062.24. The trade was a 0.44% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 363,913 shares of company stock valued at $29,462,126 over the last quarter. Insiders own 11.37% of the company's stock.

Institutional Trading of Block

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Raiffeisen Bank International AG boosted its position in Block by 0.3% in the second quarter. Raiffeisen Bank International AG now owns 44,901 shares of the technology company's stock valued at $3,503,000 after buying an additional 148 shares in the last quarter. EverSource Wealth Advisors LLC boosted its position in Block by 33.9% in the fourth quarter. EverSource Wealth Advisors LLC now owns 707 shares of the technology company's stock valued at $46,000 after buying an additional 179 shares in the last quarter. Avior Wealth Management LLC boosted its position in Block by 3.3% in the second quarter. Avior Wealth Management LLC now owns 6,081 shares of the technology company's stock valued at $462,000 after buying an additional 193 shares in the last quarter. Carson Advisory Inc. boosted its position in Block by 2.6% in the first quarter. Carson Advisory Inc. now owns 8,035 shares of the technology company's stock valued at $484,000 after buying an additional 200 shares in the last quarter. Finally, Ellevest Inc. boosted its position in Block by 4.9% in the fourth quarter. Ellevest Inc. now owns 5,288 shares of the technology company's stock valued at $344,000 after buying an additional 245 shares in the last quarter. Institutional investors own 70.44% of the company's stock.

About Block

Block, Inc is a global technology company that develops financial services and commerce tools for businesses and consumers. Founded in 2009 as Square, the company changed its corporate name to Block in 2021 to reflect the expansion of its operations beyond seller-focused payment solutions.

Through its Square ecosystem, Block provides payment processing, point-of-sale hardware and software, business banking, invoicing, payroll, inventory management and other tools for merchants. Its consumer-focused Cash App offers services that may include peer-to-peer payments, money transfers, investing, debit-card access and bitcoin-related functionality, subject to availability and applicable regulations.

Block also owns Afterpay, a buy now, pay later platform, and has operated additional businesses involving music streaming and bitcoin infrastructure.