Cantor Fitzgerald Reaffirms “Overweight” Rating for Block (NYSE:XYZ)

by · The Markets Daily

Block (NYSE:XYZ – Get Free Report)‘s stock had its “overweight” rating reiterated by equities research analysts at Cantor Fitzgerald in a report issued on Thursday,Benzinga reports. They presently have a $95.00 price target on the technology company’s stock. Cantor Fitzgerald’s target price indicates a potential upside of 12.83% from the stock’s current price.

A number of other brokerages also recently commented on XYZ. KeyCorp lifted their price objective on Block from $100.00 to $105.00 and gave the company an “overweight” rating in a research report on Thursday, July 23rd. Clear Str upgraded Block to a “hold” rating in a research report on Thursday, July 16th. Robert W. Baird raised their price target on Block from $90.00 to $100.00 and gave the stock an “outperform” rating in a research note on Thursday, July 2nd. Oppenheimer cut Block from an “outperform” rating to a “market perform” rating in a report on Tuesday, June 30th. Finally, The Goldman Sachs Group raised shares of Block from a “buy” rating to a “buy” rating in a research note on Tuesday, June 30th. Three research analysts have rated the stock with a Strong Buy rating, twenty-four have given a Buy rating and ten have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Block currently has a consensus rating of “Moderate Buy” and a consensus price target of $89.90.

Check Out Our Latest Research Report on XYZ

Block Stock Performance

Shares of NYSE XYZ opened at $84.20 on Thursday. The company has a 50-day simple moving average of $76.54 and a 200-day simple moving average of $67.85. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.99 and a quick ratio of 1.99. The company has a market cap of $50.11 billion, a PE ratio of 65.78, a price-to-earnings-growth ratio of 1.07 and a beta of 2.53. Block has a 12 month low of $48.21 and a 12 month high of $86.75.

Block (NYSE:XYZ – Get Free Report) last announced its quarterly earnings data on Wednesday, August 5th. The technology company reported $1.02 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.48 by $0.54. The business had revenue of $6.62 billion for the quarter. Block had a net margin of 3.30% and a return on equity of 7.02%. The business’s quarterly revenue was up 9.3% on a year-over-year basis. During the same period in the previous year, the company 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. On average, equities analysts anticipate that Block will post 2.48 earnings per share for the current year.

Insider Buying and Selling at Block

In related news, Director Anthony Mathew Eisen sold 6,000 shares of the stock in a transaction on Monday, August 3rd. The stock was sold at an average price of $81.52, for a total value of $489,120.00. Following the completion of the sale, the director directly owned 1,613,672 shares in the company, valued at approximately $131,546,541.44. This represents a 0.37% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Brian Grassadonia sold 25,908 shares of the firm’s stock in a transaction dated Monday, August 3rd. The shares were sold at an average price of $81.64, for a total value of $2,115,129.12. Following the completion of the transaction, the insider directly owned 531,746 shares in the company, valued at $43,411,743.44. This trade represents a 4.65% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders sold 385,208 shares of company stock valued at $29,755,405. 11.37% of the stock is owned by insiders.

Institutional Investors Weigh In On Block

Hedge funds have recently modified their holdings of the stock. Sound Income Strategies LLC boosted its holdings in Block by 57.1% in the 4th quarter. Sound Income Strategies LLC now owns 443 shares of the technology company’s stock worth $29,000 after acquiring an additional 161 shares during the period. Elevation Wealth Partners LLC raised its stake in shares of Block by 301.0% during the second quarter. Elevation Wealth Partners LLC now owns 389 shares of the technology company’s stock valued at $30,000 after purchasing an additional 292 shares during the period. Global Assets Advisory LLC purchased a new stake in shares of Block during the first quarter valued at approximately $31,000. Rachor Investment Advisory Services LLC acquired a new position in shares of Block during the fourth quarter worth $32,000. Finally, Cary Street Partners Investment Advisory LLC lifted its position 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 worth $40,000 after purchasing an additional 223 shares in the last quarter. 70.44% of the stock is currently owned by hedge funds and other institutional investors.

About Block

(Get Free Report)

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.

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