Block (NYSE:XYZ) Research Coverage Started at Scotiabank

Scotiabank started coverage on shares of Block (NYSE:XYZ) in a report issued on Wednesday morning, MarketBeat reports. The firm issued a sector perform rating and a $82.00 price objective on the technology company’s stock.

Other analysts also recently issued reports about the company. Craig Hallum began coverage on Block in a research note on Tuesday, June 30th. They issued a “buy” rating on the stock. Deutsche Bank Aktiengesellschaft raised Block to a “buy” rating in a report on Tuesday, June 30th. Citigroup boosted their target price on shares of Block from $100.00 to $115.00 and gave the stock a “buy” rating in a research report on Thursday, July 16th. Argus upped their price target on shares of Block from $86.00 to $103.00 and gave the stock a “buy” rating in a research note on Friday, August 7th. Finally, Clear Str upgraded shares of Block to a “hold” rating in a report on Thursday, July 16th. Three research analysts have rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating and nine have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $95.42.

Block Price Performance

Shares of NYSE:XYZ opened at $82.83 on Wednesday. The company has a quick ratio of 2.21, a current ratio of 2.21 and a debt-to-equity ratio of 0.26. The company has a market cap of $49.76 billion, a P/E ratio of 147.91, a PEG ratio of 0.88 and a beta of 2.52. Block has a 52 week low of $48.21 and a 52 week high of $86.92. The company has a 50-day moving average price of $80.35 and a 200 day moving average price of $71.08.

Block (NYSE:XYZ) last announced its quarterly earnings data on Wednesday, August 5th. The technology company reported $1.02 earnings per share for the quarter, beating analysts’ consensus estimates of $0.48 by $0.54. The company had revenue of $6.62 billion for the quarter. Block had a return on equity of 8.10% and a net margin of 1.43%.Block’s revenue for the quarter was up 9.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.62 EPS. Block has set its FY 2026 guidance at 4.020-4.020 EPS and its Q3 2026 guidance at 1.020-1.020 EPS. Research analysts predict that Block will post 2.72 earnings per share for the current year.

Insider Buying and Selling at Block

In other news, CFO Amrita Ahuja sold 9,511 shares of the stock in a transaction that occurred on Monday, August 24th. The shares were sold at an average price of $82.43, for a total value of $783,991.73. Following the sale, the chief financial officer directly owned 423,262 shares in the company, valued at $34,889,486.66. This represents a 2.20% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Anthony Eisen sold 41,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 5th. The stock was sold at an average price of $85.85, for a total transaction of $3,519,850.00. Following the transaction, the director directly owned 1,566,672 shares of the company’s stock, valued at approximately $134,498,791.20. This trade represents a 2.55% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders sold 384,006 shares of company stock worth $30,695,321. 11.37% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Block

A number of large investors have recently bought and sold shares of the stock. Elevation Wealth Partners LLC raised its holdings in shares of Block by 301.0% in the second quarter. Elevation Wealth Partners LLC now owns 389 shares of the technology company’s stock worth $30,000 after acquiring an additional 292 shares during the last quarter. Global Assets Advisory LLC purchased a new stake in shares of Block in the first quarter valued at $31,000. Cary Street Partners Investment Advisory LLC boosted its stake in shares of Block by 57.6% during the fourth quarter. Cary Street Partners Investment Advisory LLC now owns 610 shares of the technology company’s stock valued at $40,000 after acquiring an additional 223 shares during the last quarter. Darwin Wealth Management LLC acquired a new stake in shares of Block during the second quarter valued at $43,000. Finally, Osbon Capital Management LLC purchased a new stake in Block during the 4th quarter worth about $43,000. Institutional investors and hedge funds own 70.44% of the company’s stock.

Block Company Profile

Block (NYSE:XYZ) is a financial technology company that builds products and services to facilitate electronic payments, commerce, and consumer finance. Its principal business lines include a seller-focused ecosystem that provides point-of-sale hardware and software, payment processing, invoicing, payroll and lending services, and a consumer-facing platform that offers peer-to-peer payments, banking-like features, and investing. Block’s portfolio also encompasses music streaming and buy-now-pay-later capabilities through businesses acquired to broaden its reach beyond core payments.

The company was founded as Square in 2009 by Jack Dorsey and Jim McKelvey and later rebranded to Block to reflect a diversified set of businesses across payments, consumer finance, and emerging technologies.