Block (NYSE:XYZ) Given New $75.00 Price Target at Barclays

Block (NYSE:XYZ - Free Report) had its price objective lifted by Barclays from $57.00 to $75.00 in a research report report published on Monday morning,Benzinga reports. Barclays currently has an overweight rating on the technology company's stock.

Other research analysts have also recently issued research reports about the company. UBS Group cut their price objective on Block from $98.00 to $97.00 and set a "buy" rating for the company in a research report on Friday, February 21st. Macquarie downgraded Block from an "outperform" rating to a "neutral" rating and set a $50.00 price target for the company. in a research report on Monday, May 5th. 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 research note on Tuesday, May 27th. Wolfe Research set a $75.00 price target on Block in a research note on Monday, May 19th. Finally, Raymond James set a $79.00 price objective 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 given a hold rating, twenty-three have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $76.22.

Block Stock Down 0.5%

NYSE:XYZ traded down $0.29 during trading hours on Monday, reaching $63.77. 5,192,298 shares of the company's stock were exchanged, compared to its average volume of 9,357,226. Block has a 1-year low of $44.27 and a 1-year high of $99.26. The company has a quick ratio of 2.07, a current ratio of 2.07 and a debt-to-equity ratio of 0.26. The firm has a market cap of $39.22 billion, a price-to-earnings ratio of 14.02, a price-to-earnings-growth ratio of 0.72 and a beta of 2.75. The firm's 50-day moving average is $56.68.

Insider Buying and Selling

In other news, CAO Ajmere Dale sold 500 shares of the firm's stock in a transaction dated Tuesday, April 1st. The shares were sold at an average price of $54.48, for a total transaction of $27,240.00. Following the completion of the transaction, the chief accounting officer now owns 81,999 shares in the company, valued at approximately $4,467,305.52. This trade represents a 0.61% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Owen Britton Jennings sold 2,185 shares of Block stock in a transaction on Friday, June 6th. The stock was sold at an average price of $65.00, for a total value of $142,025.00. Following the completion of the transaction, the insider now owns 278,974 shares in the company, valued at $18,133,310. The trade was a 0.78% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 64,111 shares of company stock valued at $3,689,161 in the last three months. 10.85% of the stock is currently owned by corporate insiders.

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.