Key Points
- Block director Anthony Mathew Eisen sold 6,000 shares at an average price of $82.58, generating $495,480. The sale was made under a pre-arranged Rule 10b5-1 plan, and Eisen still owns 1,458,672 shares; he has made multiple similar sales in August.
- Block reported quarterly EPS of $1.02, beating the $0.48 consensus estimate, while revenue rose 9.3% year over year to $6.62 billion. Shares opened at $77.78, with a 52-week range of $48.21 to $86.92.
- Analyst sentiment remains positive, with a consensus rating of “Moderate Buy” and an average price target of $95.84. Institutional investors own 70.44% of Block’s shares.
Block, Inc. (NYSE:XYZ - Get Free Report) Director Anthony Mathew Eisen sold 6,000 shares of Block stock in a transaction dated Monday, August 31st. The stock was sold at an average price of $82.58, for a total value of $495,480.00. Following the transaction, the director owned 1,458,672 shares of the company's stock, valued at $120,457,133.76. The trade was a 0.41% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Anthony Mathew Eisen also recently made the following trade(s):
- On Friday, August 28th, Anthony Mathew Eisen sold 6,000 shares of Block stock. The shares were sold at an average price of $85.12, for a total value of $510,720.00.
- On Wednesday, August 26th, Anthony Mathew Eisen sold 6,000 shares of Block stock. The shares were sold at an average price of $82.00, for a total value of $492,000.00.
- On Monday, August 24th, Anthony Mathew Eisen sold 6,000 shares of Block stock. The stock was sold at an average price of $81.48, for a total value of $488,880.00.
- On Friday, August 21st, Anthony Mathew Eisen sold 6,000 shares of Block stock. The stock was sold at an average price of $80.04, for a total value of $480,240.00.
- On Wednesday, August 19th, Anthony Mathew Eisen sold 6,000 shares of Block stock. The stock was sold at an average price of $79.55, for a total value of $477,300.00.
- On Monday, August 17th, Anthony Mathew Eisen sold 6,000 shares of Block stock. The shares were sold at an average price of $81.63, for a total value of $489,780.00.
- On Friday, August 14th, Anthony Mathew Eisen sold 6,000 shares of Block stock. The shares were sold at an average price of $82.87, for a total value of $497,220.00.
- On Wednesday, August 12th, Anthony Mathew Eisen sold 6,000 shares of Block stock. The shares were sold at an average price of $78.62, for a total value of $471,720.00.
- On Monday, August 10th, Anthony Mathew Eisen sold 6,000 shares of Block stock. The stock was sold at an average price of $78.47, for a total transaction of $470,820.00.
- On Thursday, August 6th, Anthony Mathew Eisen sold 6,000 shares of Block stock. The shares were sold at an average price of $83.07, for a total transaction of $498,420.00.
Block Price Performance
Shares of XYZ opened at $77.78 on Wednesday. The firm has a market capitalization of $46.73 billion, a PE ratio of 138.89, a PEG ratio of 0.87 and a beta of 2.53. The company's 50-day moving average is $79.93 and its 200-day moving average is $70.52. Block, Inc. has a fifty-two week low of $48.21 and a fifty-two week high of $86.92. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.21 and a quick ratio of 2.21.
Block (NYSE:XYZ - Get Free Report) last announced its earnings results on Wednesday, August 5th. The technology company reported $1.02 EPS for the quarter, topping the consensus estimate of $0.48 by $0.54. Block had a net margin of 1.43% and a return on equity of 8.10%. The business had revenue of $6.62 billion during the quarter. During the same period in the previous year, the firm posted $0.62 EPS. The business's quarterly revenue was up 9.3% on a year-over-year basis. Block has set its FY 2026 guidance at 4.020-4.020 EPS and its Q3 2026 guidance at 1.020-1.020 EPS. Equities analysts forecast that Block, Inc. will post 2.72 EPS for the current year.
Institutional Inflows and Outflows
Hedge funds have recently added to or reduced their stakes in the company. Baird Financial Group Inc. bought a new position in Block in the 2nd quarter valued at approximately $1,866,000. Brown Advisory Inc. bought a new stake in shares of Block during the second quarter worth $516,000. Jump Financial LLC acquired a new position in shares of Block during the second quarter worth $385,000. Federated Hermes Inc. bought a new position in shares of Block in the 2nd quarter valued at $53,000. Finally, Cerity Partners LLC acquired a new stake in shares of Block during the 2nd quarter valued at $1,861,000. 70.44% of the stock is owned by institutional investors.
Analyst Upgrades and Downgrades
A number of brokerages have recently issued reports on XYZ. Monness Crespi & Hardt boosted their price objective on Block from $115.00 to $125.00 and gave the stock a "buy" rating in a report on Friday, August 7th. Robert W. Baird set a $105.00 target price on Block in a research note on Thursday, August 6th. Clear Str raised Block to a "hold" rating in a report on Thursday, July 16th. Canaccord Genuity Group boosted their price target on Block from $85.00 to $100.00 and gave the company a "buy" rating in a research note on Thursday, August 13th. Finally, Citigroup upped their price objective on Block from $100.00 to $115.00 and gave the company a "buy" rating in a report on Thursday, July 16th. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating and eight have assigned a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $95.84.
View Our Latest Analysis on Block
Block Company Profile
(
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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