Block Inc (NYSE:XYZ) shares traded -3.72% lower at $59.05 on Wall Street last session.
XYZ stock price is now -20.25% away from the 50-day moving average and -19.38% away from the 200-day moving average. The market capitalization of the company currently stands at $36.58B.
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With the price target reduced from $87 to $80, Keefe Bruyette Upgraded its rating from Mkt Perform to Outperform for Block Inc (NYSE: XYZ). On February 25, 2025, Morgan Stanley Upgraded its previous ‘Underweight’ rating to ‘Equal-Weight’ on the stock keeping its target price maintained at $65, while ‘BMO Capital Markets’ rates the stock as ‘Outperform’
In other news, Esperanza Chrysty, Chief Legal Officer sold 1,627 shares of the company’s stock on Feb 21 ’25. The stock was sold for $114,411 at an average price of $70.32. Upon completion of the transaction, the Chief Legal Officer now directly owns 83,190 shares in the company, valued at $4.91 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Feb 21 ’25, CFO & COO Ahuja Amrita sold 6,345 shares of the business’s stock. A total of $446,180 was realized by selling the stock at an average price of $70.32. This leaves the insider owning 235,854 shares of the company worth $13.93 million. A total of 12.06% of the company’s stock is owned by insiders.
During the past 12 months, Block Inc has had a low of $53.54 and a high of $99.26. As of last week, the company has a debt-to-equity ratio of 0.30, a current ratio of 2.33, and a quick ratio of 2.31.
The net profit margin was 12.01% and return on equity was 14.50% for XYZ. The company reported revenue of $6.03 billion for the quarter, compared to $5.77 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 4.5 percent.
