Block (NYSE:XYZ) Given a $79.00 Price Target by Raymond James Analysts

Block (NYSE:XYZ - Get Free Report) has been given a $79.00 target price by research analysts at Raymond James in a research note issued on Monday, Marketbeat.com reports. The brokerage presently has an "outperform" rating on the technology company's stock. Raymond James' target price suggests a potential upside of 23.50% from the stock's current price.

Other equities research analysts have also recently issued research reports about the stock. KeyCorp lowered their target price on shares of Block from $65.00 to $60.00 and set an "overweight" rating on the stock in a report on Friday, May 2nd. UBS Group decreased their price objective on Block from $98.00 to $97.00 and set a "buy" rating on the stock in a research note on Friday, February 21st. Wall Street Zen started coverage on Block in a report on Saturday, February 15th. They set a "hold" rating on the stock. Needham & Company LLC reduced their target price on Block from $90.00 to $60.00 and set a "buy" rating for the company in a report on Friday, May 2nd. Finally, BNP Paribas Exane upgraded Block from a "neutral" rating to an "outperform" rating and set a $72.00 price target on the stock in a research report on Tuesday, May 27th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating, twenty-three have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, Block currently has an average rating of "Moderate Buy" and a consensus target price of $75.66.

Block Stock Performance

NYSE:XYZ traded up $0.37 during trading on Monday, reaching $63.97. The company's stock had a trading volume of 2,463,002 shares, compared to its average volume of 9,385,766. The company has a 50 day simple moving average of $55.84. The company has a debt-to-equity ratio of 0.26, a quick ratio of 2.07 and a current ratio of 2.07. Block has a 12 month low of $44.27 and a 12 month high of $99.26. The company has a market capitalization of $39.34 billion, a price-to-earnings ratio of 14.06, a price-to-earnings-growth ratio of 0.72 and a beta of 2.83.

Insiders Place Their Bets

In related news, insider Owen Britton Jennings sold 1,263 shares of the firm's stock in a transaction on Wednesday, April 2nd. The stock was sold at an average price of $56.19, for a total value of $70,967.97. Following the transaction, the insider now directly owns 181,904 shares of the company's stock, valued at approximately $10,221,185.76. This trade represents a 0.69% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Ajmere Dale sold 500 shares of the company's stock in a transaction dated Tuesday, April 1st. The stock was sold at an average price of $54.48, for a total value of $27,240.00. Following the completion of the sale, the chief accounting officer now owns 81,999 shares of the company's stock, valued at approximately $4,467,305.52. The trade was a 0.61% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 61,926 shares of company stock valued at $3,547,136. 10.85% of the stock is owned by 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.