Block (NYSE:XYZ) Stock Rating Upgraded by Zacks Research

Block (NYSE:XYZ) was upgraded by stock analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a note issued to investors on Wednesday,Zacks.com reports.

Other research analysts have also issued reports about the company. Bank of America reduced their price target on Block from $85.00 to $80.00 and set a “buy” rating for the company in a research report on Wednesday, March 25th. Raymond James Financial upgraded Block to a “moderate buy” rating in a research note on Friday, February 27th. Morgan Stanley increased their price target on shares of Block from $96.00 to $98.00 and gave the company an “overweight” rating in a research report on Friday, May 29th. Oppenheimer restated an “outperform” rating and issued a $91.00 price target on shares of Block in a report on Friday, May 8th. Finally, TD Cowen boosted their price objective on shares of Block from $91.00 to $95.00 and gave the stock a “buy” rating in a research note on Friday, February 27th. Four analysts have rated the stock with a Strong Buy rating, twenty-six have given a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Block has an average rating of “Moderate Buy” and an average price target of $85.42.

Block Price Performance

NYSE XYZ opened at $69.26 on Wednesday. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.99 and a current ratio of 1.99. The firm’s 50 day moving average price is $69.00 and its 200-day moving average price is $64.31. Block has a 52-week low of $48.21 and a 52-week high of $82.50. The company has a market cap of $41.22 billion, a PE ratio of 54.11, a P/E/G ratio of 0.86 and a beta of 2.56.

Block (NYSE:XYZ) last issued its quarterly earnings data on Thursday, May 7th. The technology company reported $0.85 EPS for the quarter, topping analysts’ consensus estimates of $0.30 by $0.55. The company had revenue of $6.06 billion during 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 4.9% on a year-over-year basis. During the same period last year, the firm earned $0.56 EPS. Block has set its Q2 2026 guidance at 0.860-0.860 EPS and its FY 2026 guidance at 3.850-3.850 EPS. Sell-side analysts forecast that Block will post 2.42 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, insider Owen Britton Jennings sold 1,316 shares of the company’s stock in a transaction on Friday, May 22nd. The stock was sold at an average price of $68.54, for a total value of $90,198.64. Following the transaction, the insider directly owned 479,662 shares of the company’s stock, valued at $32,876,033.48. This represents a 0.27% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Brian Grassadonia sold 8,166 shares of Block stock in a transaction dated Friday, May 22nd. The stock was sold at an average price of $68.01, for a total value of $555,369.66. Following the sale, the insider directly owned 601,002 shares of the company’s stock, valued at approximately $40,874,146.02. This represents a 1.34% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders have sold 199,680 shares of company stock valued at $15,009,081. Corporate insiders own 11.37% of the company’s stock.

Institutional Investors Weigh In On Block

A number of institutional investors and hedge funds have recently modified their holdings of XYZ. Cary Street Partners Investment Advisory LLC purchased a new position in Block during the 3rd quarter worth approximately $28,000. Sound Income Strategies LLC increased its stake in shares of Block by 57.1% in the fourth 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. Rachor Investment Advisory Services LLC purchased a new position in shares of Block during the fourth quarter worth $32,000. Rothschild Investment LLC raised its holdings in shares of Block by 59.7% during the third quarter. Rothschild Investment LLC now owns 495 shares of the technology company’s stock worth $36,000 after purchasing an additional 185 shares during the last quarter. Finally, Global Assets Advisory LLC acquired a new position in Block during the first quarter valued at $31,000. 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.