Block, Inc. (NYSE:XYZ) Insider Chrysty Esperanza Sells 406 Shares

Block, Inc. (NYSE:XYZ - Get Free Report) insider Chrysty Esperanza sold 406 shares of Block stock in a transaction dated Wednesday, July 2nd. The shares were sold at an average price of $69.26, for a total value of $28,119.56. Following the transaction, the insider owned 130,821 shares in the company, valued at $9,060,662.46. This trade represents a 0.31% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Chrysty Esperanza also recently made the following trade(s):

• On Wednesday, May 21st, Chrysty Esperanza sold 3,009 shares of Block stock. The shares were sold at an average price of $56.39, for a total value of $169,677.51.
• On Monday, May 12th, Chrysty Esperanza sold 7,500 shares of Block stock. The shares were sold at an average price of $55.00, for a total value of $412,500.00.

Block Trading Up 1.7%

Shares of NYSE XYZ traded up $1.12 during mid-day trading on Wednesday, hitting $68.96. The company had a trading volume of 5,337,950 shares, compared to its average volume of 5,861,355. Block, Inc. has a 1 year low of $44.27 and a 1 year high of $99.26. The business's 50-day simple moving average is $61.21. The company has a debt-to-equity ratio of 0.24, a current ratio of 2.27 and a quick ratio of 2.27. The firm has a market capitalization of $42.41 billion, a P/E ratio of 16.78, a price-to-earnings-growth ratio of 1.53 and a beta of 2.74.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on XYZ. Wall Street Zen raised Block from a "sell" rating to a "hold" rating in a report on Saturday. BNP Paribas upgraded Block from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, May 27th. Keefe, Bruyette & Woods upped their target price on Block from $70.00 to $80.00 and gave the stock an "outperform" rating in a report on Wednesday. Wells Fargo & Company cut Block from an "overweight" rating to an "equal weight" rating and lowered their target price for the stock from $95.00 to $50.00 in a report on Friday, May 2nd. Finally, Raymond James Financial set a $79.00 target price on Block and gave the stock an "outperform" rating in a report on Monday, June 2nd. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating, twenty-three have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $74.69.

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.