Block (NYSE:XYZ) Hits New 12-Month High – Should You Buy?

Block, Inc. (NYSE:XYZ) shares reached a new 52-week high during trading on Tuesday . The company traded as high as $84.52 and last traded at $84.3530, with a volume of 1160152 shares traded. The stock had previously closed at $82.09.

Analyst Ratings Changes

Several brokerages have recently weighed in on XYZ. Barclays initiated coverage on Block in a report on Tuesday, July 7th. They issued an “overweight” rating and a $100.00 price objective for the company. Clear Str upgraded shares of Block to a “hold” rating in a research report on Thursday, July 16th. Keefe, Bruyette & Woods upped their price target on shares of Block from $85.00 to $90.00 and gave the company an “outperform” rating in a report on Friday, May 8th. Canaccord Genuity Group upped their price target on shares of Block from $80.00 to $85.00 and gave the company a “buy” rating in a report on Monday, May 18th. Finally, Wall Street Zen upgraded shares of Block from a “hold” rating to a “buy” rating in a research report on Saturday, May 9th. Three investment analysts have rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating and ten have given a Hold rating to the company. According to data from MarketBeat, Block currently has a consensus rating of “Moderate Buy” and an average target price of $89.40.

Block Price Performance

The stock has a 50-day moving average of $75.98 and a two-hundred day moving average of $67.58. The firm has a market cap of $50.10 billion, a price-to-earnings ratio of 65.76, a price-to-earnings-growth ratio of 1.02 and a beta of 2.53. The company has a current ratio of 1.99, a quick ratio of 1.99 and a debt-to-equity ratio of 0.26.

Block (NYSE:XYZ) last posted its quarterly earnings data on Thursday, May 7th. The technology company reported $0.85 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.30 by $0.55. Block had a return on equity of 7.02% and a net margin of 3.30%.The firm had revenue of $6.06 billion for the quarter. During the same quarter in the previous year, the firm posted $0.56 EPS. Block’s quarterly revenue was up 4.9% on a year-over-year basis. Block has set its Q2 2026 guidance at 0.860-0.860 EPS and its FY 2026 guidance at 3.850-3.850 EPS. On average, analysts anticipate that Block, Inc. will post 2.48 EPS for the current year.

Insider Activity

In related news, Director Anthony Mathew Eisen sold 135,750 shares of the company’s stock in a transaction on Monday, June 1st. The stock was sold at an average price of $76.81, for a total transaction of $10,426,957.50. Following the transaction, the director directly owned 2,032,990 shares of the company’s stock, valued at approximately $156,153,961.90. The trade was a 6.26% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Brian Grassadonia sold 43,348 shares of the stock in a transaction dated Thursday, July 2nd. The stock was sold at an average price of $80.00, for a total value of $3,467,840.00. Following the completion of the sale, the insider directly owned 557,654 shares of the company’s stock, valued at approximately $44,612,320. This represents a 7.21% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders have sold 359,300 shares of company stock worth $27,640,276. 11.37% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in XYZ. Sound Income Strategies LLC lifted its position 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 buying an additional 161 shares in the last quarter. Elevation Wealth Partners LLC boosted its stake in shares of Block by 301.0% during the 2nd quarter. Elevation Wealth Partners LLC now owns 389 shares of the technology company’s stock valued at $30,000 after buying an additional 292 shares during the period. Global Assets Advisory LLC purchased a new position in shares of Block during the 1st quarter valued at $31,000. Rachor Investment Advisory Services LLC purchased a new position in shares of Block during the 4th quarter valued at $32,000. Finally, Cary Street Partners Investment Advisory LLC increased its stake in shares of Block by 57.6% in the fourth quarter. Cary Street Partners Investment Advisory LLC now owns 610 shares of the technology company’s stock worth $40,000 after acquiring an additional 223 shares during the last quarter. Institutional investors and hedge funds own 70.44% of the company’s stock.

About Block

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.