Block, Inc. (NYSE:XYZ – Get Free Report) has received an average rating of “Moderate Buy” from the thirty analysts that are covering the firm, Marketbeat Ratings reports. Five equities research analysts have rated the stock with a hold recommendation and twenty-five have issued a buy recommendation on the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $95.00.
Several research analysts have commented on the stock. BMO Capital Markets upgraded shares of Block from a “market perform” rating to an “outperform” rating and decreased their target price for the stock from $100.00 to $89.00 in a research report on Monday, February 24th. The Goldman Sachs Group decreased their price objective on Block from $109.00 to $94.00 and set a “buy” rating for the company in a report on Friday, February 21st. Piper Sandler cut their target price on Block from $101.00 to $85.00 and set an “overweight” rating on the stock in a research note on Monday, February 24th. StockNews.com initiated coverage on Block in a research note on Saturday, February 15th. They issued a “hold” rating for the company. Finally, Morgan Stanley upgraded shares of Block from an “underweight” rating to an “equal weight” rating and set a $65.00 price objective on the stock in a research note on Tuesday, February 25th.
Read Our Latest Stock Report on Block
Insiders Place Their Bets
Institutional Investors Weigh In On Block
A number of hedge funds have recently bought and sold shares of XYZ. SouthState Corp boosted its stake in Block by 85.3% during the 3rd quarter. SouthState Corp now owns 391 shares of the technology company’s stock valued at $26,000 after purchasing an additional 180 shares during the period. True Wealth Design LLC boosted its position in shares of Block by 64.7% in the third quarter. True Wealth Design LLC now owns 494 shares of the technology company’s stock valued at $33,000 after acquiring an additional 194 shares during the period. Versant Capital Management Inc grew its stake in shares of Block by 67.7% in the fourth quarter. Versant Capital Management Inc now owns 394 shares of the technology company’s stock worth $33,000 after acquiring an additional 159 shares during the last quarter. MassMutual Private Wealth & Trust FSB increased its position in Block by 48.2% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 418 shares of the technology company’s stock worth $36,000 after acquiring an additional 136 shares during the period. Finally, Darwin Wealth Management LLC acquired a new position in Block during the 3rd quarter valued at $74,000. 70.44% of the stock is currently owned by institutional investors.
Block Stock Up 5.8 %
Shares of NYSE XYZ opened at $57.18 on Friday. 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 stock has a 50-day simple moving average of $73.59. Block has a 52-week low of $53.54 and a 52-week high of $99.26. The company has a market capitalization of $35.42 billion, a PE ratio of 12.57, a P/E/G ratio of 0.72 and a beta of 2.78.
Block (NYSE:XYZ – Get Free Report) last released its quarterly earnings data on Thursday, February 20th. The technology company reported $0.26 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.11). The company had revenue of $6.03 billion for the quarter, compared to analyst estimates of $6.23 billion. Block had a net margin of 11.92% and a return on equity of 5.80%. As a group, equities research analysts expect that Block will post 2.54 earnings per share for the current year.
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.
Featured Stories
- Five stocks we like better than Block
- What is Forex and How Does it Work?
- How to Build the Ultimate Everything ETF Portfolio
- The 3 Best Fintech Stocks to Buy Now
- Dutch Bros or Starbucks: Which Coffee Stock Has More Growth?
- Trading Halts Explained
- 3 Stocks With High ROE and Market-Beating Growth Potential
Receive News & Ratings for Block Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Block and related companies with MarketBeat.com's FREE daily email newsletter.