Research analysts at Compass Point began coverage on shares of Block (NYSE:XYZ - Get Free Report) in a report released on Wednesday, Marketbeat Ratings reports. The brokerage set a "buy" rating and a $80.00 price target on the technology company's stock. Compass Point's price objective would suggest a potential upside of 15.56% from the stock's current price.
XYZ has been the topic of a number of other research reports. BNP Paribas Exane raised shares of Block from a "neutral" rating to an "outperform" rating and set a $72.00 price objective on the stock in a report on Tuesday, May 27th. BNP Paribas upgraded shares of Block from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, May 27th. Morgan Stanley raised shares of Block from an "equal weight" rating to an "overweight" rating and boosted their price objective for the company from $65.00 to $67.00 in a research report on Thursday, April 3rd. KeyCorp reduced their price objective on Block from $65.00 to $60.00 and set an "overweight" rating for the company in a research note on Friday, May 2nd. Finally, Sanford C. Bernstein set a $100.00 target price on Block in a research report on Saturday, March 8th. Three analysts have rated the stock with a sell rating, seven have issued a hold rating, twenty-three have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $74.19.
Read Our Latest Analysis on Block
Block Stock Up 0.0%
XYZ traded up $0.01 during mid-day trading on Wednesday, reaching $69.23. 4,369,301 shares of the company traded hands, compared to its average volume of 6,576,449. The stock's fifty day moving average is $60.39. The firm has a market cap of $42.58 billion, a PE ratio of 16.84, a P/E/G ratio of 2.09 and a beta of 2.74. The company has a debt-to-equity ratio of 0.24, a current ratio of 2.27 and a quick ratio of 2.27. Block has a 52-week low of $44.27 and a 52-week high of $99.26.
Insider Transactions at Block
In related news, CAO Ajmere Dale sold 1,928 shares of the business's stock in a transaction on Wednesday, May 21st. The shares were sold at an average price of $56.39, for a total value of $108,719.92. Following the sale, the chief accounting officer owned 109,102 shares in the company, valued at approximately $6,152,261.78. The trade was a 1.74% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Dhananjay Prasanna sold 800 shares of the stock in a transaction on Wednesday, July 2nd. The shares were sold at an average price of $70.00, for a total transaction of $56,000.00. Following the transaction, the insider owned 307,151 shares of the company's stock, valued at $21,500,570. This trade represents a 0.26% decrease in their position. The disclosure for this sale can be found here. Insiders sold 69,172 shares of company stock valued at $4,064,797 over the last 90 days. Insiders own 10.85% of the company's stock.
About Block
(
Get Free Report)
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.
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