Block, Inc. (NYSE:XYZ) Insider Sells $28,119.56 in Stock

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

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

• On Wednesday, May 21st, Chrysty Esperanza sold 3,009 shares of Block stock. The stock was 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 stock was sold at an average price of $55.00, for a total value of $412,500.00.

Block Trading Down 0.4%

XYZ stock traded down $0.27 during trading on Thursday, hitting $68.74. The company had a trading volume of 4,159,058 shares, compared to its average volume of 8,943,916. The stock has a 50-day moving average price of $61.21. Block, Inc. has a one year low of $44.27 and a one year high of $99.26. The firm has a market cap of $42.28 billion, a PE ratio of 16.73, a PEG ratio of 1.53 and a beta of 2.74. The company has a debt-to-equity ratio of 0.24, a quick ratio of 2.27 and a current ratio of 2.27.

Wall Street Analysts Forecast Growth

XYZ has been the subject of a number of analyst reports. Royal Bank Of Canada dropped their price target on Block from $86.00 to $63.00 and set an "outperform" rating for the company in a research note on Friday, May 2nd. BNP Paribas raised Block from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, May 27th. Piper Sandler raised Block to an "underweight" rating and set a $50.00 price target for the company in a research note on Tuesday, June 24th. Stephens reaffirmed an "overweight" rating and issued a $75.00 price target on shares of Block in a research note on Friday, May 2nd. Finally, BMO Capital Markets reaffirmed a "market perform" rating and issued a $58.00 price target (down previously from $80.00) on shares of Block in a research note on Friday, May 2nd. Two 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 given a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average 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.