Block (NYSE:XYZ) PT Set at $82.00 by Deutsche Bank Aktiengesellschaft

Deutsche Bank Aktiengesellschaft set a $82.00 price target on Block (NYSE:XYZ - Free Report) in a report published on Thursday, MarketBeat reports. The brokerage currently has a buy rating on the technology company's stock.

Several other equities analysts have also commented on the company. Benchmark lowered Block from a "buy" rating to a "hold" rating in a research report on Friday, May 2nd. KGI Securities raised Block to a "hold" rating in a research report on Friday, May 9th. Macquarie lowered Block from an "outperform" rating to a "neutral" rating and set a $50.00 price objective for the company. in a research report on Monday, May 5th. Wells Fargo & Company lowered Block from an "overweight" rating to an "equal weight" rating and lowered their price objective for the company from $95.00 to $50.00 in a research report on Friday, May 2nd. Finally, Keefe, Bruyette & Woods raised their price objective on Block from $70.00 to $80.00 and gave the company an "outperform" rating in a research report on Wednesday, July 9th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating, twenty-three have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $74.63.

Block Stock Performance

XYZ stock traded up $2.13 on Thursday, reaching $72.86. The company's stock had a trading volume of 9,998,561 shares, compared to its average volume of 8,956,144. The company has a fifty day moving average price of $63.43. Block has a 12-month low of $44.27 and a 12-month high of $99.26. The stock has a market capitalization of $44.81 billion, a price-to-earnings ratio of 17.73, a PEG ratio of 1.71 and a beta of 2.74. The company has a current ratio of 2.27, a quick ratio of 2.27 and a debt-to-equity ratio of 0.24.

Insider Buying and Selling

In other Block news, CAO Ajmere Dale sold 366 shares of the business's stock in a transaction dated Wednesday, July 2nd. The stock was sold at an average price of $69.26, for a total transaction of $25,349.16. Following the completion of the sale, the chief accounting officer directly owned 108,736 shares in the company, valued at $7,531,055.36. The trade was a 0.34% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Dhananjay Prasanna sold 800 shares of the business's stock in a transaction dated Thursday, July 17th. The shares were sold at an average price of $70.00, for a total value of $56,000.00. Following the sale, the insider owned 303,551 shares of the company's stock, valued at approximately $21,248,570. This represents a 0.26% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 77,287 shares of company stock worth $4,624,074 in the last three months. 10.85% of the stock is currently owned by company insiders.

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.