Block, Inc. (NYSE:XYZ) CAO Sells 366 Shares of Stock

Block, Inc. (NYSE:XYZ - Get Free Report) CAO Ajmere Dale sold 366 shares of the company's stock in a transaction dated Wednesday, July 2nd. The stock was sold at an average price of $69.26, for a total value of $25,349.16. Following the completion of the sale, the chief accounting officer directly owned 108,736 shares of the company's stock, valued at $7,531,055.36. The trade was a 0.34% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Ajmere Dale also recently made the following trade(s):

• On Wednesday, May 21st, Ajmere Dale sold 1,928 shares of Block stock. The shares were sold at an average price of $56.39, for a total transaction of $108,719.92.

Block Stock Down 1.3%

Block stock traded down $0.93 during mid-day trading on Tuesday, hitting $68.48. 2,316,166 shares of the company's stock traded hands, compared to its average volume of 8,972,012. The company has a 50 day moving average price of $60.83. The company has a debt-to-equity ratio of 0.24, a quick ratio of 2.27 and a current ratio of 2.27. The firm has a market cap of $42.12 billion, a P/E ratio of 16.66, a PEG ratio of 2.09 and a beta of 2.74. Block, Inc. has a one year low of $44.27 and a one year high of $99.26.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the company. KGI Securities raised Block to a "hold" rating in a report on Friday, May 9th. Benchmark cut Block from a "buy" rating to a "hold" rating in a research note on Friday, May 2nd. Keefe, Bruyette & Woods reduced their target price on Block from $80.00 to $70.00 and set an "outperform" rating for the company in a research note on Monday, May 5th. Barclays increased their price objective on shares of Block from $57.00 to $75.00 and gave the company an "overweight" rating in a research note on Monday, June 9th. Finally, Compass Point assumed coverage on shares of Block in a research note on Wednesday, July 2nd. They set a "buy" rating and a $80.00 price objective on the stock. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating, twenty-three have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $74.19.

About Block

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.