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2026-10-21 16:40
3d ago
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2026-10-21 10:41
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Block (XYZ) is a Top-Ranked Value Stock: Should You Buy? | FMP Stock News | |
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2026-10-17 13:52
8d ago
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2026-10-17 04:11
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8,529 Shares in Block, Inc. $XYZ Purchased by First Citizens Bank & Trust Co. | FMP Stock News | |
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First Citizens Bank & Trust Co. purchased a new stake in Block, Inc. (NYSE:XYZ – Free Report) in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 8,529 shares of the technology company’s stock, valued at approximately $627,000.Several other institutional investors have also modified their holdings of XYZ. BlackRock Inc. acquired a new position in Block during the 2nd quarter worth $621,703,000. Arrowstreet Capital Limited Partnership increased its stake in shares of Block by 528.2% during the first quarter. Arrowstreet Capital Limited Partnership now owns 3,309,296 shares of the technology company’s stock worth $199,153,000 after buying an additional 2,782,523 shares during the period. Assenagon Asset Management S.A. increased its stake in shares of Block by 372.8% during the second quarter. Assenagon Asset Management S.A. now owns 937,540 shares of the technology company’s stock worth $71,253,000 after buying an additional 739,264 shares during the period. Bank of America Corp DE purchased a new stake in shares of Block during the second quarter worth approximately $23,531,000. Finally, Engineers Gate Manager LP raised its holdings in Block by 2,575.4% in the second quarter. Engineers Gate Manager LP now owns 571,414 shares of the technology company’s stock valued at $43,427,000 after acquiring an additional 550,056 shares in the last quarter. Institutional investors and hedge funds own 70.44% of the company’s stock. Block Price Performance XYZ stock opened at $77.88 on Friday. The business has a 50 day moving average price of $78.77 and a 200 day moving average price of $74.88. The company has a quick ratio of 2.21, a current ratio of 2.21 and a debt-to-equity ratio of 0.26. The stock has a market cap of $46.79 billion, a price-to-earnings ratio of 139.07, a PEG ratio of 0.83 and a beta of 2.55. Block, Inc. has a fifty-two week low of $48.21 and a fifty-two week high of $86.92. Block (NYSE:XYZ – Get Free Report) last announced its quarterly earnings results on Wednesday, August 5th. The technology company reported $1.02 EPS for the quarter, beating 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 company had revenue of $6.62 billion for the quarter. During the same quarter in the prior year, the company earned $0.62 earnings per share. The business’s revenue for the quarter 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 research analysts anticipate that Block, Inc. will post 2.74 earnings per share for the current fiscal year. Insider Activity In related news, Director Anthony Eisen sold 41,000 shares of Block stock in a transaction on Wednesday, August 5th. The shares were sold at an average price of $85.85, for a total transaction of $3,519,850.00. Following the sale, the director directly owned 1,566,672 shares in the company, valued at $134,498,791.20. This trade represents a 2.55% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Amrita Ahuja sold 9,511 shares of the business’s stock in a transaction on Monday, August 24th. The shares were sold at an average price of $82.43, for a total transaction of $783,991.73. Following the completion of the sale, the chief financial officer directly owned 423,262 shares of the company’s stock, valued at approximately $34,889,486.66. This trade represents a 2.20% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders sold 302,565 shares of company stock worth $24,391,386. Corporate insiders own 11.37% of the company’s stock. Analyst Ratings Changes A number of research analysts recently issued reports on the stock. Royal Bank Of Canada lifted their price target on shares of Block from $93.00 to $95.00 and gave the stock an “outperform” rating in a research note on Thursday, August 6th. Truist Financial increased their price objective on shares of Block from $82.00 to $93.00 and gave the company a “buy” rating in a research report on Friday, July 24th. William Blair lowered shares of Block to a “market perform” rating in a report on Tuesday, June 30th. UBS Group set a $96.00 price objective on shares of Block in a report on Thursday. Finally, TD Cowen lifted their price objective on shares of Block from $101.00 to $105.00 and gave the stock a “buy” rating in a research report on Thursday, August 6th. Four research analysts have rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating and nine have issued a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $95.39. View Our Latest Stock Report on Block Block Company Profile (Free Report) Block, Inc (NYSE:XYZ), formerly known as Square, is a financial technology company that develops tools for businesses, consumers and creators. Founded in 2009 by Jack Dorsey and Jim McKelvey, the company changed its corporate name to Block in 2021 to reflect the expansion of its operations beyond its original seller-payments business. Block’s Square ecosystem provides payment processing, point-of-sale hardware and software, business banking, invoicing, payroll, inventory management and other services for merchants. Read More Five stocks we like better than Block Bank of America Stock Sell-Off Looks Like a Buying Opportunity AST SpaceMobile Is Down 67%—Could SpaceX’s Mobile Push Deepen the Selloff? GlobalFoundries’ $21 Billion Deal Could Change the Economics of Chipmaking Fundamental and Technicals Signals Align for Costco: Is the Stock Finally Breaking Out? 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. |
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Saved
2026-10-16 15:42
9d ago
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2026-10-16 10:31
9d ago
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Earnings Growth & Price Strength Make Block (XYZ) a Stock to Watch | FMP Stock News | |
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Here at Zacks, we offer our members many different opportunities to take full advantage of the stock market, as well as how to invest in ways that lead to long-term success.One of our most popular services, Zacks Premium offers daily updates of the Zacks Rank and Zacks Industry Rank; full access to the Zacks #1 Rank List; Equity Research reports; and Premium stock screens like the Earnings ESP filter. All are useful tools to find what stocks to buy, what to sell, and what are today's hottest industries. It also includes the Focus List, a long-term portfolio of top stocks that have all the elements to beat the market. Breaking Down the Zacks Focus ListBuilding an investment portfolio from scratch can be difficult, so if you could, wouldn't you take a peek at a curated list of top stocks? That's what the Zacks Focus List, a portfolio of 50 stocks, offers investors. Not only does it serve as a starting point for long-term investors, but all stocks included in the list are poised to outperform the market over the next 12 months. What makes the Focus List even more helpful is that each selection is accompanied by a full Zacks Analyst Report, which explains the reasoning behind every stock's selection and why we believe it's a good pick for the long-term. The portfolio's past performance only solidifies why investors should consider it as a starting point. For 2020, the Focus List gained 13.85% on an annualized basis compared to the S&P 500's return of 9.38%. Cumulatively, the portfolio has returned 2,519.23% while the S&P returned 854.95%. Returns are for the period of February 1, 1996 to March 31, 2021. Focus List MethodologyWhen stocks are picked for the Focus List, it reflects our enduring reliance on the power of earnings estimate revisions. Earnings estimates, or expectations of growth and profitability, come from brokerage analysts who track publicly traded companies; these analysts work together with company management to analyze every aspect that may affect future earnings, like interest rates, the economy, and sector and industry optimism. Earnings estimate revisions are very important, since investors also need to take into consideration what a company will earn in the future. The stocks that receive positive changes to earnings estimates are more likely to receive even more upward changes in the future. Take this example: if an analyst raised their estimates last month, they'll probably do so again this month, and other analysts will follow. Harnessing the power of earnings estimate revisions is where the Zacks Rank comes in. The Zacks Rank is a unique, proprietary stock-rating model that utilizes changes to a company's quarterly earnings expectations to help investors build a winning portfolio. Four primary factors make up the Zacks Rank: Agreement, Magnitude, Upside, and Surprise. Each is given a raw score that's recalculated every night and compiled into the Rank, and with this data, stocks are then classified into five groups, ranging from "Strong Buy" to "Strong Sell." The Focus List is comprised of stocks hand-picked from a long list of #1 (Strong Buy) or #2 (Buy) ranked companies, meaning that each new addition boasts a bullish earnings consensus among analysts. Because stock prices react to revisions, buying stocks with rising earnings estimates can be very profitable. Focus List stocks offer investors a great opportunity to get into companies whose future earnings estimates will be raised, potentially leading to price momentum. Focus List Spotlight: Block (XYZ - Free Report) Block was incorporated in Delaware in 2009. The company does not designate a headquarters location, as it adopted a distributed work model in 2020. It has been an S&P 500 constituent since July 2025. Since being added to the Focus List on March 28, 2017 at $17.25 per share, shares of XYZ have increased 362.78% to $79.83. The stock is currently a #3 (Hold) on the Zacks Rank. Two analysts revised their earnings estimate upwards in the last 60 days for fiscal 2026. The Zacks Consensus Estimate has increased $0.03 to $4.06. XYZ boasts an average earnings surprise of 7.3%. Additionally, XYZ's earnings are expected to grow 71.3% for the current fiscal year. Reveal Winning StocksUnlock all of our powerful research, tools and analysis, including the Zacks #1 Rank List, Equity Research Reports, Zacks Earnings ESP Filter, Premium Screener and more, as part of Zacks Premium. You'll quickly identify which stocks to buy, hold and sell, and target today's hottest industries, to help improve the performance of your portfolio. Gain full access now >> |
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2026-10-15 15:08
10d ago
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2026-10-15 11:06
10d ago
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Block's AI-Powered Kiosk Launch to Drive Revenue and Merchant Growth | FMP Stock News | |
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Key Takeaways Block launched Square Kiosk to streamline quick-service restaurant ordering and improve customer experiences.The AI-powered voice system offers menu guidance, order changes and add-on suggestions.Square Kiosk's hardware sales, recurring software fees and payment processing could boost revenues.Block, Inc. (XYZ - Free Report) has introduced its new AI-powered Square Kiosk, designed to help quick-service restaurants (QSRs) streamline ordering, improve customer experiences and increase transaction values. The intelligent self-service kiosk combines conversational AI, voice capabilities and integrated payment technology. The new kiosk features a 21.5-inch touchscreen, presence detection, personalized loyalty check-ins, integrated payments and barcode scanning. Its agentic, AI-powered voice system understands restaurant menus and lets customers ask questions, request modifications, explore substitutions and receive recommendations. The system can also suggest relevant add-ons based on popular items, time of day and existing orders, potentially increasing average transaction values. These capabilities could help restaurants manage peak-hour traffic, reduce staffing pressures and improve operational efficiency. Square Kiosk is available for $1,999 with a Square Plus or Premium subscription, alongside a $99 monthly software fee per device. Final Outlook on BlockThe launch of Square Kiosk is expected to strengthen Block’s position in the restaurant technology market by expanding its AI-driven offerings and attracting more QSR merchants. The combination of hardware sales, recurring software subscription fees and increased payment processing volumes could support revenue growth and deepen merchant engagement within the Square ecosystem. Over time, wider adoption could boost customer retention, create cross-selling opportunities and support growth in Block’s Square segment. Year to date, shares of this Zacks Rank #3 (Hold) company have gained 16.5% compared with the industry's growth of 11%. Image Source: Zacks Investment Research Stocks to ConsiderSome better-ranked stocks from the internet-software sector are BILL Holdings, Inc. (BILL - Free Report) and Penguin Solutions, Inc. (PENG - Free Report) , each sporting a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks Rank #1 stocks here. The Zacks Consensus Estimate for BILL’s 2027 earnings per share (EPS) has moved northward marginally to $3.72 over the past week. The consensus estimate for PENG’s 2027 EPS has moved up 2.6% to $4.70 over the past week. |
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2026-10-15 00:24
10d ago
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2026-10-14 19:51
10d ago
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Block: Cash App And Square Could Drive Another Leg Higher | FMP Stock News | |
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5.47K FollowersAnalyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, but may initiate a beneficial Long position through a purchase of the stock, or the purchase of call options or similar derivatives in XYZ over the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article. Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body. |
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2026-10-06 19:37
18d ago
Published
2026-10-06 13:51
19d ago
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XYZ's Square Expands Merchant Base With Pike Place Fish Market Deal | FMP Stock News | |
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Key Takeaways XYZ's Square is now the unified commerce platform for Pike Place Fish Market after a decade on another system.Pike Place Fish uses Square Plus and Square Terminal to handle busy, seasonal operations and offline payments.Square captures customer data at checkout, aiding Pike Place build relationships and support repeat purchases. Block’s (XYZ - Free Report) Square has been selected by Seattle’s famous Pike Place Fish Market as its unified commerce platform, helping the nearly century-old seafood business modernize payments and daily operations. The market, which has operated at Pike Place since 1930 and welcomes more than 20,000 visitors a day, moved to Square after more than a decade using another processing system.The upgrade is important because Pike Place Fish operates in a demanding, seasonal environment. Summer brings heavy tourist traffic, including days when as many as four cruise ships dock nearby. In winter, roughly 80% of the market’s volume shifts to online and phone orders for nationwide overnight seafood delivery. Pike Place Fish now uses Square Plus with Square Terminal. The setup gives staff a compact payment device with a built-in receipt printer, long battery life and offline-payment capability, which is useful at its busy open-air location. Square also gives the business access to a broader set of tools that can be added as its needs change. The partnership could also improve customer engagement. Square automatically captures customer data at the point of sale, allowing Pike Place Fish to build direct relationships with buyers after they leave the market. With hundreds of transactions each day, this gives Pike Place Fish Market a new way to support repeat purchases and marketing. The deal adds to Square’s recent food and beverage wins. Los Angeles restaurants Etra and Cafe Telegrama, which operate as two distinct dining concepts from a shared kitchen, moved their operations to Square. Ideal Nutrition, which operates 17 Florida stores and produces about 150,000 meals weekly, renewed and expanded its Square partnership as it targets 20 locations by year-end 2026. Whit’s Frozen Custard also adopted Square across 100 locations in 11 states. ConclusionFor Block, the Pike Place Fish deal highlights Square’s ability to support high-traffic businesses with flexible payment and commerce tools. By helping the market manage heavy in-person transaction volumes while strengthening customer engagement and supporting its changing seasonal needs, Square could deepen its merchant relationships and drive greater adoption of its ecosystem. Over the past six months, shares of this Zacks Rank #3 (Hold) company have gained 28% compared with the industry's growth of 32%. Image Source: Zacks Investment Research Stocks to ConsiderSome better-ranked stocks from the internet-software sector are BILL Holdings, Inc. (BILL - Free Report) and MongoDB (MDB - Free Report) , each sporting a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks Rank #1 stocks here. The Zacks Consensus Estimate for BILL’s fiscal 2027 earnings per share (EPS) has moved northward by 52 cents to $3.73 over the past two months. The consensus estimate for MDB’s fiscal 2027 EPS has moved up 6 cents to $6.50 over the past month. |
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2026-10-03 15:42
22d ago
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2026-10-03 07:30
22d ago
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Online Trading Platform Market Projected to Reach $18.18 Billion by 2031 as Mobile Becomes the Front Door for Retail Investors | FMP Stock News | |
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, /PRNewswire/ -- USA News Group News Commentary - Mordor Intelligence values the online trading platform market at $11.65 billion in 2025 and projects $18.18 billion by 2031, a compound annual growth rate of 7.66% from 2026 to 2031. Active Companies from around the markets with current developments this week include: Quote Daddy (quotedaddy.com), Interactive Brokers Group, Inc. (Nasdaq: IBKR), Cboe Global Markets, Inc. (Cboe BZX: CBOE), Block, Inc. (NYSE: XYZ), and Apple Inc. (Nasdaq: AAPL).A second forecaster lands in the same neighbourhood. Fortune Business Insights puts the market at $10.82 billion in 2025 and $11.57 billion in 2026, rising to $18.50 billion by 2034, a 6.00% compound annual growth rate from 2026 to 2034, and points to AI-driven analytics, digital assets and mobile adoption as drivers. Both figures are third-party projections of market value, not revenue any single company will capture, and the gap in growth rates reflects different forecast windows and methods. The Mordor report is specific about where the activity is. It says smartphones have become the primary entry point for retail investors, that retail investors accounted for 69.59% of platform volume in 2025, and that cloud-based deployment held 63.42% of the market. It also highlights API-based brokerage-as-a-service, which lets fintech companies embed trading without building a full broker-dealer. In other words, execution is becoming easier to supply, and the competitive question is shifting to information: who gives an individual investor the cleanest view of live quotes, company filings, insider activity and what large institutions are holding. Share prices across the retail brokerage and investing-app group have been uneven this year, which makes recent operating results more informative than the sector label. This week's developments, covered below, come from a broker, an exchange operator, a consumer finance app and the platform that distributes many of the apps retail investors use. First, a look at a free tracking dashboard built for that information layer. Quote Daddy Puts Live Quotes, SEC Filings and Top-Investor 13F Data in One Free Dashboard Covering U.S. and Canadian Markets Free to use, with no credit card and no paywalls, according to the Quote Daddy site. U.S. stocks and ETFs on NYSE and Nasdaq stream live during market hours, with intraday sparklines on every watchlist row. Canadian coverage across TSX, TSX-V and CSE, with Canadian listings delayed by 15 minutes or more, per the app's FAQ. SEC filings and Form 4 insider activity on stock pages, including 10-K, 10-Q and 8-K documents. 13F filings from top investors and disclosed congressional trades on the Top Investors page. Quote Daddy describes itself with a single line: "Every quote that matters, in one clean dashboard." It is a free stock-tracking application for the web and desktop at app.quotedaddy.com, with iOS and Android apps. It is owned and operated by Market Equities Limited, the parent of this publication, a relationship disclosed in more detail below. Quote Daddy states that it is not a broker-dealer and that nothing in the app is financial, investment, tax or legal advice, which places it on the information side of the sector rather than the trading side. The tracking layer. The platform's stock pages combine interactive candlestick charts from one day to the maximum range, five, ten and twenty-day moving averages and volume, live bid and ask spreads with sizes for U.S. stocks, and key fundamentals including market cap, price-to-earnings, earnings per share and dividend yield. Watchlists can be sorted by gainers and losers, carry private notes, sync across devices and be shared by link, and a portfolio view tracks live profit and loss, cost basis and dividends. A markets section covers indices, futures, crypto and top movers. These are the same categories of data the larger brokerage apps compete on, offered here without a subscription. Filings and institutional positioning. The platform reads SEC filings inside the app and surfaces Form 4 insider transactions on each stock page. Its Top Investors section publishes the latest 13F filings from major fund managers, among them Berkshire Hathaway's Warren Buffett and ARK Invest's Cathie Wood, alongside disclosed trades by members of Congress, and lets users import a portfolio into a watchlist in one tap. The site is direct about the limits: 13F filings and congressional disclosures are reported on a delay of roughly 45 days, so figures may be out of date. It also warns that the roughly one-year return figures shown on each profile are rough, illustrative approximations that are not verified, and that nothing on the page is an endorsement by, or affiliation with, any individual named. AI summaries and sentiment. Quote Daddy adds plain-English explanations of stock moves, daily movement summaries with sector performance context, and retail sentiment drawn from StockTwits. Its FAQ says the briefings "won't tell you what to buy or sell" and "can occasionally get something wrong," and that nothing they write is financial advice. Market data is supplied by third parties, including Finnhub, and is provided for informational purposes only. There are several risks associated with Quote Daddy and with the information in this commentary. Quote Daddy is owned by the same company that owns this publication, which is a conflict of interest and a reason to read this article critically. It is not a broker-dealer, does not execute trades and does not provide advice. Market data is supplied by third parties, may be delayed, and is not guaranteed to be accurate or complete; Canadian quotes are delayed by 15 minutes or more. AI-generated summaries can be wrong, 13F and congressional data are reported with a delay and may be stale, and the one-year return figures on investor profiles are unverified approximations. The retail investing sector is crowded with large, well-funded brokers that also offer free tools, and the market-size forecasts above are projections that may not be realized. Nothing in this article should be used as the basis for an investment decision. CONTINUED... Read this and more news about Quote Daddy at: quotedaddy.com In other industry developments and happenings in the market this week include: Interactive Brokers Group, Inc. (Nasdaq: IBKR) Interactive Brokers reported September 2026 metrics on October 1, with 4.111 million daily average revenue trades, 6% higher than a year earlier and 4% lower than August, and 5.576 million client accounts, 35% higher than a year earlier. Ending client equity was $964.7 billion, 27% higher than a year earlier and about even with the prior month, and client margin loan balances were $105.2 billion, up 36%. The average commission per cleared commissionable order was $2.57. The figures are listed on the Company's investor relations press release page. On September 15, Interactive Brokers announced an integration with X Cashtags that it said "gives US investors a direct path from following stock and crypto conversations on X to trading on Interactive Brokers." New U.S. clients who open and fund a qualifying account through the Cashtags experience receive $100, and the feature is currently available to U.S.-based investors only. The release notes that the Company serves over 5 million client accounts worldwide. Cboe Global Markets, Inc. (Cboe BZX: CBOE) Cboe reported August 2026 trading volume on September 3, with average daily volume of 14,801 thousand contracts in multi-listed options, 5,743 thousand contracts in index options and 1,481 million matched shares in U.S. equities on-exchange. It said its mini-SPX (XSP) options set a monthly ADV record of 241 thousand contracts, eclipsing the previous record set in July. In its second quarter results on July 31, Cboe reported total revenues of $1,442.8 million and net revenue of $731.6 million, up 25%, with diluted EPS of $3.35, up 50%, and adjusted diluted EPS of $3.56, up 45%. Options net revenue was a record $473.9 million, and the Company raised its 2026 organic net revenue growth target to "mid to high teens." Its materials also describe the divestiture of its Canadian business, and Cboe Canada is one of the venues whose delayed quotes Quote Daddy lists, so the ownership of that feed may change. Block, Inc. (NYSE: XYZ) Block's second quarter 2026 shareholder letter reported gross profit of $3.17 billion, up 25% year over year, with Cash App gross profit of $1.97 billion, up 31%, and adjusted diluted EPS of $1.02, up 65%. Cash App primary banking actives grew 17% year over year to 9.4 million. The Company raised its 2026 outlook to gross profit of $12.51 billion and adjusted diluted EPS of $4.02. Block also said Cash App expanded stablecoin support through an integration with USDC, while its bitcoin ecosystem gross profit declined 31% year over year after a deliberate decision to lower the fee charged on certain bitcoin transactions. Block did not report investing-specific figures in the letter, and Cash App is a consumer money app rather than a stock-tracking product. Apple Inc. (Nasdaq: AAPL) Apple reported fiscal third quarter 2026 revenue of $109.4 billion, up 16% year over year, and diluted EPS of $2.02, up 29%, which included a $0.11 favorable impact from tariff refunds. Services net sales were $30.739 billion, compared with $27.423 billion a year earlier. The Company called it its strongest June quarter ever in its results release. On June 4, Apple said the App Store ecosystem facilitated over $1.4 trillion in developer billings and sales in 2025 and saw over 850 million average weekly users across 175 countries and regions. Apple did not break out finance or investing apps. Its App Store announcement is relevant to this sector only because the App Store is a main way retail investing apps reach iPhone users. Contact Information: quotedaddy.com Media Contact: [email protected] DISCLAIMER Nothing in this publication should be considered personalized financial advice. We are not licensed under securities laws to address your particular financial situation, and no communication from us should be deemed personalized financial advice. Please consult a licensed financial advisor before making any investment decision. This is neither an offer nor a recommendation to buy or sell any security. We hold no investment licenses and are neither licensed nor qualified to provide investment advice. The content in this report or email is not provided to any individual with a view toward their individual circumstances. This article is being distributed by USA News Group, which is wholly owned and operated by Market Equities Limited, a company incorporated under the laws of Ireland ("Market Equities"). Quote Daddy is a stock-tracking application owned and operated by Market Equities. Market Equities therefore has a direct financial interest in the promotion of Quote Daddy, which constitutes a conflict of interest as to our ability to remain objective in our communication regarding Quote Daddy. Because of this conflict, individuals are strongly encouraged not to use this publication as the basis for any investment decision. No further notice will be given, but let this disclaimer serve as notice that all material, including this article, has been reviewed and approved by Market Equities, the owner of Quote Daddy. Neither Market Equities nor USA News Group has been paid by any company named in this article, including Interactive Brokers, Cboe, Block or Apple, for its publication. While all information is believed to be reliable, it is not guaranteed by us to be accurate. Individuals should assume that all information contained in this publication is not trustworthy unless verified by their own independent research. Because events and circumstances frequently do not occur as expected, there will likely be differences between any predictions and actual results. Always consult a licensed investment professional before making any investment decision. Be extremely careful: investing in securities carries a high degree of risk, and you may lose some or all of your investment. References to Interactive Brokers Group, Inc., Cboe Global Markets, Inc., Block, Inc. and Apple Inc. are provided solely as market and sector context. Those companies are not peers, competitors, or financial comparables of Quote Daddy, none of them is involved in the preparation of this article, and their results are not indicative of Quote Daddy's prospects. Apple is referenced as an app distribution platform only. Cboe's planned divestiture of its Canadian business is described only as it relates to quote sources listed by Quote Daddy. Market-size figures are third-party projections of market value, not addressable revenue for any company. No partnership, affiliation, or endorsement is implied. Cautionary Note on Market Data and AI Content. Quote Daddy is not a broker-dealer, does not execute trades and provides no investment, tax or legal advice. Market data on Quote Daddy is supplied by third parties, including Finnhub, is provided for informational purposes only, may be delayed and is not guaranteed to be accurate or complete. U.S.-listed stocks and ETFs stream live during market hours, while Canadian listings are delayed, typically by 15 minutes or more. AI-generated briefings are educational only and can contain errors. Form 13F filings and congressional trade disclosures are reported on a delay of roughly 45 days and may be out of date. Return figures shown on investor profiles are rough, illustrative approximations that are not verified. Nothing in this article is an endorsement by, or indicates an affiliation with, any individual named. Quote Daddy Disclosure. Quote Daddy is a stock-tracking application affiliated with the publisher of this article, and this reference constitutes promotion of an affiliated product. Quote Daddy is not a broker-dealer, and nothing in the application or in this article is financial, investment, tax, or legal advice. Market data provided in the application is for informational purposes only and may be delayed. Any in-app commentary or briefing content is educational only. Always do your own research before making any investment decision. This publication may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, including statements about online trading platform market forecasts, the plans and results of the companies named, and the features and availability of Quote Daddy. Words such as "expects," "intends," "plans," "projects," "may," and similar expressions identify such statements. Actual results may differ materially from those anticipated. No obligation is undertaken to update any forward-looking statement. This document is governed by the laws of Ireland. SOURCE USA News Group |
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2026-10-02 22:35
22d ago
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2026-10-02 16:05
22d ago
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Block to Announce Third Quarter 2026 Results | FMP Stock News | |
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Original source text
DISTRIBUTED-WORK-MODEL/OAKLAND, Calif.--(BUSINESS WIRE)--Block, Inc. (NYSE: XYZ) will release financial results for the third quarter of 2026 on Tuesday, November 3, 2026, after market close. Block will also host a conference call and earnings webcast at 2:00 p.m. Pacific Time / 5:00 p.m. Eastern Time on the same day to discuss these results. To register to participate in the conference call, or to listen to the live audio webcast, please visit the Events & Presentations section of Block's. |
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2026-10-01 19:38
23d ago
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2026-10-01 14:25
24d ago
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XYZ's Square Adds Etra & Cafe Telegrama as Restaurant Momentum Builds | FMP Stock News | |
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Key Takeaways Square adds Etra and Cafe Telegrama, using one platform for QSR and full-service operations.Shared kitchen printers and Square hardware provide consistency across daytime and evening service.Etra uses Square's Resy integration to sync course status and improve front-of-house table visibility. Block’s (XYZ - Free Report) Square is expanding its restaurant presence with Etra and Cafe Telegrama, two sister restaurants in Los Angeles’ Melrose Hill neighborhood. The businesses have adopted Square’s unified commerce platform while operating from one shared kitchen. Cafe Telegrama operates as a daytime quick-service restaurant (QSR), while Etra serves as a full-service Italian restaurant in the evening.The setup creates an operating challenge because the same kitchen supports two different service models. The restaurants use Square Register, Square Stand and Square Handheld for any order entry and payments, with orders sent directly from the point of sale to shared kitchen printers. This provides the kitchen with a consistent system for both Cafe Telegrama’s daytime menu and Etra’s dinner service. Etra is also using Square’s integration with Resy. Course status entered in the POS, including appetizers, entrees and desserts, automatically syncs with the reservation system. That gives the front-of-house team visibility into each table’s status without having to check in person. For Square, the deal shows how its restaurant tools can work across quick-service and full-service formats. The restaurants also cited the need for reliable reporting across both businesses, while savings on processing and software costs helped support the move to Square. Recent Merchant Wins Highlight Square’s Restaurant MomentumOther recent deals point to broader traction. Ideal Nutrition, which operates 17 Florida stores and produces about 150,000 meals weekly, renewed and expanded its Square partnership as it targets 20 locations by year-end 2026. Whit’s Frozen Custard also moved 100 locations across 11 states to Square, with estimated savings of about $2,000 annually per location. Parsons Bakery adopted Square across 48 shops in England and Wales, using Square for Restaurants Plus, Loyalty, Marketing and Online. This comes as Square’s second-quarter 2026 Gross Payment Volume (GPV) rose 13% to $72.8 billion, while food-and-beverage GPV increased 20%. Square gross profit also climbed 13% to $1.16 billion. ConclusionThe Etra and Cafe Telegrama deal adds another proof point for Square’s restaurant push. Its ability to support different service models, centralize workflows and connect restaurant tools could help Square deepen adoption as food-and-beverage businesses scale. Over the past three months, shares of this Zacks Rank #3 (Hold) company have declined 6.3% against the industry's growth of 22.4%. Image Source: Zacks Investment Research Stocks to ConsiderSome better-ranked stocks from the internet-software sector are BILL Holdings, Inc. (BILL - Free Report) and Arista Networks (ANET - Free Report) , each sporting a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks Rank #1 stocks here. The Zacks Consensus Estimate for BILL’s fiscal 2027 earnings per share (EPS) has moved northward by 52 cents to $3.73 over the past two months. The consensus estimate for ANET’s 2026 EPS has moved up 44 cents to $4.08 over the past two months. |
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2026-09-30 21:37
24d ago
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2026-09-30 15:04
25d ago
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A Block Director Sells 18,000 Shares for $1.4 Million | FMP Stock News | |
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Original source text
Anthony Mathew Eisen, a member of the Board of Directors at Block, Inc. (XYZ -0.70%), disclosed a sale of 18,000 shares of Class A Common Stock on September 16, 17, and 18, 2026, according to a recent SEC Form 4 filing.Transaction summaryMetricValueTransaction value~$1.4 millionShares sold18,000Post-transaction shares (directly held)~1.4 millionPost-transaction value~$105.32 millionTransaction value based on SEC Form 4 weighted average sale price ($77.63); post-transaction value based on September 18, 2026 market close ($76.28). Key questionsWhat were the mechanics of this transaction? The sale was conducted under a Rule 10b5-1 trading plan established on March 2, 2026, which allows corporate insiders to schedule trades in advance to manage equity positions.How does this sale affect the director's total equity position? Eisen continues to hold a significant direct interest in the company, with ~1.4 million shares remaining after this disposition.What is the current scale of insider ownership at the company? The total collective insider ownership of the company is reported at 0.23% as of the most recent reporting.Company OverviewMetricValueShare Price (as of market close 2026-09-18)$76.28Market Capitalization$45.4 billionRevenue (TTM)$25.0 billionNet Income (TTM)$357.1 millionCompany SnapshotBlock, Inc. develops and operates a comprehensive payment processing platform that enables merchants to accept card payments through hardware solutions including Magstripe readers and EMV-compliant contactless and chip readers, while generating revenue through transaction processing fees and hardware sales.The company's business model centers on capturing value across the payment ecosystem by charging merchants transaction fees on card payments, providing premium reporting and analytics services, and offering expedited next-day fund settlement capabilities that enhance merchant cash flow management.Block primarily serves small and medium-sized merchants across retail and service industries who require accessible, reliable payment processing solutions and business intelligence tools to optimize their operations and financial performance.Block, Inc. operates as a significant infrastructure provider within the financial technology sector, commanding a $45.4 billion market cap. The company's competitive advantage derives from its integrated platform approach, combining hardware innovation with software-driven analytics and settlement acceleration, positioning it as a comprehensive solution provider for merchant payment needs. With headquarters in Oakland, Block maintains scale and operational depth to serve a diverse merchant customer base while continuing to expand its technology capabilities and market reach. What this transaction means for investorsBlock Director Anthony Eisen routinely sells company shares, and his September 16 to September 18 dispositions were followed by an additional 18,000 shares sold on September 24, 25 and 28. All of these were non-discretionary transactions, executed as part of a pre-established Rule 10b5-1 plan. After the most recent disposals, Eisen retained 1.3 million directly-held shares. This sum remains a sizable equity stake, and ensures his continued alignment with shareholder interests. Block's business is doing well. In the second quarter, the company posted record profitability as its gross profit rose 25% year over year to $3.2 billion. Its Q2 adjusted EBITDA soared 31% year over year to $1.2 billion. Block's adherence to the Rule of 40 is going strong. As a result of its excellent Q2 performance, the fintech giant raised its guidance for the full year. The company now expect $12.5 billion in gross profit, representing a 21% year-over-year increase. |
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2026-09-29 18:43
25d ago
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2026-09-29 13:45
26d ago
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Jack Dorsey's Block Is Looking to Create a National Trust Bank. Here's Why That Could Help to Send Bitcoin Higher. | FMP Stock News | |
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Block (XYZ +0.14%), the company behind the Square payment terminals at retailers and the developer of the popular Cash App, is entering the banking business.Well, sort of. Earlier this month, the financial company announced it had submitted the regulatory paperwork to establish an uninsured national trust bank. This will be called Builders Bank & Trust, or more simply, Builders Bank. This is an attempt to improve the company's under-the-hood operations, particularly with regards to its Bitcoin business. Image source: Getty Images. Banking on approval If the application is approved by the federal government's Office of the Comptroller of the Currency (OCC), Block would operate Builders Bank as a provider of custody and related fiduciary services. It specifically mentioned that it would offer such services for Bitcoin and stablecoins, although it didn't name any specific stablecoins. While there are exceptions, the typical national trust bank differs from a retail or commercial bank in that it doesn't hold client deposits and offers no loans or other credit products. Instead, it primarily acts as a fiduciary (i.e., entity responsible for acting solely in the best financial interests of clients) in managing assets. The emphasis on digital financial instruments is revealing. One advantage of operating a national trust bank for companies like Block is that it puts custodial and fiduciary activities under a single, nationwide charter overseen by a single regulator (the OCC). It also drastically reduces the need to pay custody fees for the managed assets. That makes it much easier and notably less expensive to operate a Bitcoin and stablecoin business. Cryptocurrency is still somewhat of a tangle in terms of oversight and regulation in the U.S these days. Today's Change ( 0.14 %) $ 0.11 Current Price $ 73.42 Always bullish on Bitcoin Block embraced crypto years ago, specifically Bitcoin, both as a source of revenue (mainly through Cash App transactions) and a foundational digital currency for its treasury. The app's users clearly like using it to buy and sell Bitcoin, as Bitcoin-derived revenue for the company in its most recently reported quarter was almost $1.9 billion -- nearly 29% of total net revenue for the period. There's a major caveat here: under current accounting rules, the company books each total Bitcoin transaction as revenue. It keeps only a small slice of each transaction, which is why the Bitcoin business is low-margin (under 4%) with a gross profit of just over $72 million. Block currently offers Cash App users the ability to transact in one stablecoin, USDC. However, this generates negligible revenue for the company, and its stablecoin operations are primarily aimed at facilitating quick transactions in other assets. That situation isn't likely to change with a national trust bank charter. Regardless, I think this is a smart, considered move that could save Block plenty of time, effort, and capital in pursuing its crypto ambitions. Yet if I were an investor, I'd want a clearer picture of how the company plans to boost the profitability of its crypto activities. They aren't very lucrative at the moment. |
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2026-09-29 16:12
25d ago
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2026-09-29 10:41
26d ago
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Here's Why Block (XYZ) is a Strong Value Stock | FMP Stock News | |
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For new and old investors, taking full advantage of the stock market and investing with confidence are common goals. Zacks Premium provides lots of different ways to do both.The research service features daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, all of which will help you become a smarter, more confident investor. Zacks Premium also includes the Zacks Style Scores. What are the Zacks Style Scores? Developed alongside the Zacks Rank, the Zacks Style Scores are a group of complementary indicators that help investors pick stocks with the best chances of beating the market over the next 30 days. Each stock is assigned a rating of A, B, C, D, or F based on their value, growth, and momentum characteristics. Just like in school, an A is better than a B, a B is better than a C, and so on -- that means the better the score, the better chance the stock will outperform. The Style Scores are broken down into four categories: Value ScoreFor value investors, it's all about finding good stocks at good prices, and discovering which companies are trading under their true value before the broader market catches on. The Value Style Score utilizes ratios like P/E, PEG, Price/Sales, Price/Cash Flow, and a host of other multiples to help pick out the most attractive and discounted stocks. Growth ScoreGrowth investors are more concerned with a stock's future prospects, and the overall financial health and strength of a company. Thus, the Growth Style Score analyzes characteristics like projected and historic earnings, sales, and cash flow to find stocks that will see sustainable growth over time. Momentum ScoreMomentum investors, who live by the saying "the trend is your friend," are most interested in taking advantage of upward or downward trends in a stock's price or earnings outlook. Utilizing one-week price change and the monthly percentage change in earnings estimates, among other factors, the Momentum Style Score can help determine favorable times to buy high-momentum stocks. VGM ScoreWhat if you like to use all three types of investing? The VGM Score is a combination of all Style Scores, making it one of the most comprehensive indicators to use with the Zacks Rank. It rates each stock on their combined weighted styles, which helps narrow down the companies with the most attractive value, best growth forecast, and most promising momentum. How Style Scores Work with the Zacks Rank The Zacks Rank, which is a proprietary stock-rating model, employs earnings estimate revisions, or changes to a company's earnings expectations, to make building a winning portfolio easier. It's highly successful, with #1 (Strong Buy) stocks producing an unmatched +23.8% average annual return since 1988. That's more than double the S&P 500. But because of the large number of stocks we rate, there are over 200 companies with a Strong Buy rank, plus another 600 with a #2 (Buy) rank, on any given day. This totals more than 800 top-rated stocks, and it can be overwhelming to try and pick the best stocks for you and your portfolio. That's where the Style Scores come in. To maximize your returns, you want to buy stocks with the highest probability of success. This means picking stocks with a Zacks Rank #1 or #2 that also have Style Scores of A or B. If you find yourself looking at stocks with a #3 (Hold) rank, make sure they have Scores of A or B as well to ensure as much upside potential as possible. Since the Scores were created to work together with the Zacks Rank, the direction of a stock's earnings estimate revisions should be a key factor when choosing which stocks to buy. Here's an example: a stock with a #4 (Sell) or #5 (Strong Sell) rating, even one with Style Scores of A and B, still has a downward-trending earnings outlook, and a bigger chance its share price will decrease too. Thus, the more stocks you own with a #1 or #2 Rank and Scores of A or B, the better. Stock to Watch: Block (XYZ - Free Report) Block was incorporated in San Francisco in 2009. The company does not designate a headquarters location, as it adopted a distributed work model in 2020. It has been an S&P 500 constituent since July 2025. XYZ is a #3 (Hold) on the Zacks Rank, with a VGM Score of A. It also boasts a Value Style Score of B thanks to attractive valuation metrics like a forward P/E ratio of 18.08; value investors should take notice. 13 analysts revised their earnings estimate upwards in the last 60 days for fiscal 2026. The Zacks Consensus Estimate has increased $0.16 to $4.06 per share. XYZ boasts an average earnings surprise of +7.3%. With a solid Zacks Rank and top-tier Value and VGM Style Scores, XYZ should be on investors' short list. |
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2026-09-28 15:43
27d ago
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2026-09-28 08:07
27d ago
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Block (NYSE:XYZ) Earns Buy Rating from BTIG Research | FMP Stock News | |
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Block (NYSE:XYZ – Get Free Report)‘s stock had its “buy” rating reiterated by BTIG Research in a research report issued on Friday, Benzinga reports. They currently have a $100.00 price objective on the technology company’s stock. BTIG Research’s price objective would suggest a potential upside of 30.68% from the company’s previous close.XYZ has been the topic of a number of other reports. Monness Crespi & Hardt boosted their price target on Block from $115.00 to $125.00 and gave the company a “buy” rating in a report on Friday, August 7th. The Goldman Sachs Group raised Block from a “buy” rating to a “buy” rating in a research report on Tuesday, June 30th. Craig Hallum started coverage on Block in a research note on Tuesday, June 30th. They issued a “buy” rating on the stock. Susquehanna upped their price target on Block from $90.00 to $100.00 and gave the stock a “positive” rating in a research report on Thursday, August 6th. Finally, Canaccord Genuity Group raised their price target on shares of Block from $85.00 to $100.00 and gave the stock a “buy” rating in a research note on Thursday, August 13th. Four investment analysts have rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating and nine have assigned a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $95.42. Get Our Latest Stock Analysis on Block Block Trading Up 0.1% Shares of NYSE XYZ opened at $76.52 on Friday. The company’s 50 day simple moving average is $80.22 and its 200 day simple moving average is $73.32. Block has a fifty-two week low of $48.21 and a fifty-two week high of $86.92. The firm has a market capitalization of $45.97 billion, a P/E ratio of 136.64, a P/E/G ratio of 0.80 and a beta of 2.52. 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 quarterly earnings data on Wednesday, August 5th. The technology company reported $1.02 EPS for the quarter, topping analysts’ consensus estimates of $0.48 by $0.54. Block had a return on equity of 8.10% and a net margin of 1.43%.The business had revenue of $6.62 billion during the quarter. During the same period last year, the firm earned $0.62 earnings per share. The firm’s revenue for the quarter 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. On average, analysts predict that Block will post 2.74 EPS for the current year. Insider Activity In other news, Director Anthony Eisen sold 6,000 shares of the stock in a transaction that occurred on Wednesday, September 23rd. The stock was sold at an average price of $76.67, for a total value of $460,020.00. Following the completion of the sale, the director owned 1,362,672 shares of the company’s stock, valued at approximately $104,476,062.24. This represents a 0.44% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders sold 363,913 shares of company stock worth $29,462,126. Corporate insiders own 11.37% of the company’s stock. Hedge Funds Weigh In On Block Institutional investors have recently added to or reduced their stakes in the company. Elevation Wealth Partners LLC lifted its stake in Block by 301.0% in the second quarter. Elevation Wealth Partners LLC now owns 389 shares of the technology company’s stock valued at $30,000 after acquiring an additional 292 shares during the last quarter. Global Assets Advisory LLC bought a new position in shares of Block in the 1st quarter valued at about $31,000. Osbon Capital Management LLC acquired a new position in shares of Block during the 4th quarter worth about $43,000. Ancora Advisors LLC bought a new stake in shares of Block in the 2nd quarter valued at about $53,000. Finally, EverSource Wealth Advisors LLC raised its holdings in shares of Block by 33.9% in the 4th quarter. EverSource Wealth Advisors LLC now owns 707 shares of the technology company’s stock valued at $46,000 after purchasing an additional 179 shares during the period. 70.44% of the stock is currently owned by institutional investors and hedge funds. Block Company Profile (Get Free Report) Block, Inc is a global technology company that develops financial services and commerce tools for businesses and consumers. Founded in 2009 as Square, the company changed its corporate name to Block in 2021 to reflect the expansion of its operations beyond seller-focused payment solutions. Through its Square ecosystem, Block provides payment processing, point-of-sale hardware and software, business banking, invoicing, payroll, inventory management and other tools for merchants. Its consumer-focused Cash App offers services that may include peer-to-peer payments, money transfers, investing, debit-card access and bitcoin-related functionality, subject to availability and applicable regulations. Block also owns Afterpay, a buy now, pay later platform, and has operated additional businesses involving music streaming and bitcoin infrastructure. Featured Stories Five stocks we like better than Block Fertilizer Prices Keep Climbing: 3 Stocks Still Trading at a Discount Why 3 Struggling Stocks Are Suddenly Spending Big on Buybacks 3 Niche Growth Stocks With an Edge Their Rivals Can’t Ignore 3 Dividend Stocks With Higher Yields and Room for More Payout Growth 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. |
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Saved
2026-09-25 14:22
1mo ago
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2026-09-25 09:20
1mo ago
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Block Expands Square and Cash App's Reach With Apple & Workday Deals | FMP Stock News | |
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Original source text
Key Takeaways Block's Square adds Apple Business integration to sync listings and drive commerce through Apple services.Cash App's Workday deal lets eligible U.S. employees select it for direct deposits starting Oct. 1.Block had 9.4 million Cash App Primary Banking Actives in Q2 2026, up 17% year over year. Block (XYZ - Free Report) is expanding the reach of its two major ecosystems, Square and Cash App, through separate integrations with Apple and Workday. Square has introduced an Apple Business integration that allows eligible sellers to manage and synchronize their business information across Apple Maps, Siri AI, Apple Wallet and other Apple services directly from Square Dashboard. Separately, Cash App has partnered with Workday to simplify direct deposit enrollment for U.S. employees, strengthening its push to become a primary financial platform for modern earners.The Apple Business integration is designed to enhance Square sellers’ visibility and reduce the operational burden of maintaining business listings across multiple channels. Sellers can manage branding, logos, operating hours, addresses and phone numbers through Square Dashboard, with updates automatically synchronized across connected Apple services. Businesses can also add action links for ordering, pickup, delivery, bookings or appointments directly to their Apple Maps place cards, potentially converting customer discovery into transactions. Square noted that claimed Apple Maps locations receive 30% more views, while action links have generated 31% higher click-through rates across website, call and other action buttons. The integration is available across Square’s eight supported markets, including the United States, Canada, the United Kingdom and Australia, and complements Square’s broader strategy of helping merchants get discovered across emerging customer channels. The company has also recently integrated with AI platforms such as ChatGPT and Claude. Cash App’s partnership with Workday will enable eligible U.S. employees to select Cash App as their direct deposit destination through Workday’s Enhanced Direct Deposit experience beginning Oct. 1. Given Workday’s reach across millions of U.S. employees, the integration provides Cash App with another distribution channel to attract paycheck deposits and deepen customer engagement. Cash App had 9.4 million Primary Banking Actives in the second quarter of 2026, up 17% year over year, indicating continued traction among customers using the platform for broader banking and money-management needs. Together, the Apple and Workday partnerships highlight Block’s strategy of embedding its products into widely used consumer and enterprise platforms. The Apple integration could help Square improve merchant engagement and transaction opportunities by linking business discovery more directly with commerce, while the Workday partnership may support Cash App’s efforts to attract higher-quality, more engaged banking customers through direct deposit. Over time, deeper integrations across both ecosystems could support increased customer retention, transaction volumes and monetization opportunities for Block. Over the past six months, shares of this Zacks Rank #3 (Hold) company have gained 27.9% compared with the industry's growth of 30.2%. Image Source: Zacks Investment Research Stocks to ConsiderSome better-ranked stocks from the internet-software sector are BILL Holdings, Inc. (BILL - Free Report) and Arista Networks (ANET - Free Report) , each sporting a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks Rank #1 stocks here. The Zacks Consensus Estimate for BILL’s 2027 earnings per share (EPS) has moved northward by a cent to $3.69 over the past month. The consensus estimate for ANET’s 2026 EPS has moved up 11% to $4.04 over the past two months. Note: Anything related to earnings presented in this write-up represents funds from operations (FFO), a widely used metric to gauge the performance of REITs. |
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2026-09-25 11:56
1mo ago
Published
2026-09-25 04:23
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Block (NYSE:XYZ) Stock: Insider Anthony Mathew Eisen Sells 6,000 Shares | FMP Stock News | |
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Original source text
Block, Inc. (NYSE:XYZ – Get Free Report) Director Anthony Eisen sold 6,000 shares of the stock in a transaction that occurred on Monday, September 21st. The shares were sold at an average price of $77.54, for a total value of $465,240.00. Following the completion of the sale, the director directly owned 1,374,672 shares of the company’s stock, valued at $106,592,066.88. This represents a 0.43% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.Anthony Mathew Eisen also recently made the following trade(s): On Wednesday, September 23rd, Anthony Eisen sold 6,000 shares of Block stock. The stock was sold at an average price of $76.67, for a total transaction of $460,020.00. On Friday, September 18th, Anthony Eisen sold 6,000 shares of Block stock. The shares were sold at an average price of $76.55, for a total transaction of $459,300.00. On Wednesday, September 16th, Anthony Eisen sold 6,000 shares of Block stock. The shares were sold at an average price of $78.36, for a total transaction of $470,160.00. On Monday, September 14th, Anthony Eisen sold 6,000 shares of Block stock. The stock was sold at an average price of $78.96, for a total transaction of $473,760.00. On Thursday, September 10th, Anthony Eisen sold 6,000 shares of Block stock. The stock was sold at an average price of $78.39, for a total transaction of $470,340.00. On Tuesday, September 8th, Anthony Eisen sold 6,000 shares of Block stock. The stock was sold at an average price of $82.18, for a total transaction of $493,080.00. On Friday, September 4th, Anthony Eisen sold 6,000 shares of Block stock. The shares were sold at an average price of $82.51, for a total transaction of $495,060.00. On Wednesday, September 2nd, Anthony Eisen sold 6,000 shares of Block stock. The shares were sold at an average price of $77.30, for a total transaction of $463,800.00. On Monday, August 31st, Anthony Eisen sold 6,000 shares of Block stock. The stock was sold at an average price of $82.58, for a total value of $495,480.00. On Friday, August 28th, Anthony 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. Block Trading Up 2.8% Shares of XYZ opened at $76.76 on Friday. The stock’s 50-day moving average price is $80.28 and its 200 day moving average price is $73.24. The company has a quick ratio of 2.21, a current ratio of 2.21 and a debt-to-equity ratio of 0.26. The firm has a market capitalization of $46.12 billion, a price-to-earnings ratio of 137.07, a P/E/G ratio of 0.81 and a beta of 2.52. Block, Inc. has a 12-month low of $48.21 and a 12-month high of $86.92. Block (NYSE:XYZ – Get Free Report) last announced its quarterly earnings data on Wednesday, August 5th. The technology company reported $1.02 earnings per share for the quarter, topping the consensus estimate of $0.48 by $0.54. The company had revenue of $6.62 billion for the quarter. Block had a return on equity of 8.10% and a net margin of 1.43%.Block’s revenue for the quarter was up 9.3% compared to the same quarter last year. During the same period in the previous year, the business posted $0.62 EPS. Block has set its FY 2026 guidance at 4.020-4.020 EPS and its Q3 2026 guidance at 1.020-1.020 EPS. As a group, research analysts predict that Block, Inc. will post 2.74 earnings per share for the current year. Wall Street Analysts Forecast Growth A number of equities research analysts have weighed in on XYZ shares. Scotiabank initiated coverage on shares of Block in a research note on Wednesday, September 2nd. They set a “sector perform” rating and a $82.00 price target on the stock. Royal Bank Of Canada increased their price objective on shares of Block from $93.00 to $95.00 and gave the company an “outperform” rating in a research note on Thursday, August 6th. Piper Sandler raised their price objective on shares of Block from $100.00 to $105.00 and gave the stock an “overweight” rating in a report on Thursday, August 6th. BTIG Research lifted their target price on shares of Block from $90.00 to $100.00 and gave the company a “buy” rating in a research report on Thursday, August 6th. Finally, BMO Capital Markets upped their target price on shares of Block from $78.00 to $85.00 and gave the company a “market perform” rating in a research note on Wednesday, July 22nd. Four research analysts have rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating and nine have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $95.42. Read Our Latest Stock Report on Block Institutional Trading of Block A number of large investors have recently bought and sold shares of the stock. QRG Capital Management Inc. raised its stake in Block by 13.9% during the second quarter. QRG Capital Management Inc. now owns 122,158 shares of the technology company’s stock worth $9,284,000 after acquiring an additional 14,887 shares in the last quarter. Envestnet Portfolio Solutions Inc. boosted its stake in shares of Block by 10.9% in the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 6,901 shares of the technology company’s stock valued at $524,000 after purchasing an additional 676 shares in the last quarter. Sequoia Financial Advisors LLC boosted its stake in shares of Block by 5.7% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 15,836 shares of the technology company’s stock valued at $1,204,000 after purchasing an additional 857 shares in the last quarter. Engineers Gate Manager LP grew its holdings in shares of Block by 2,575.4% in the 2nd quarter. Engineers Gate Manager LP now owns 571,414 shares of the technology company’s stock worth $43,427,000 after purchasing an additional 550,056 shares during the last quarter. Finally, Cidel Asset Management Inc. bought a new stake in shares of Block in the 2nd quarter worth about $229,000. 70.44% of the stock is currently owned by institutional investors. Block Company Profile (Get Free Report) Block, Inc is a global technology company that develops financial services and commerce tools for businesses and consumers. Founded in 2009 as Square, the company changed its corporate name to Block in 2021 to reflect the expansion of its operations beyond seller-focused payment solutions. Through its Square ecosystem, Block provides payment processing, point-of-sale hardware and software, business banking, invoicing, payroll, inventory management and other tools for merchants. Its consumer-focused Cash App offers services that may include peer-to-peer payments, money transfers, investing, debit-card access and bitcoin-related functionality, subject to availability and applicable regulations. Block also owns Afterpay, a buy now, pay later platform, and has operated additional businesses involving music streaming and bitcoin infrastructure. Recommended Stories Five stocks we like better than Block Hims & Hers Slides Nearly 7% as Legal Pressure Adds to Its Growing List of Risks Paychex Plunges, Providing the Entry Investors Have Been Waiting For The Case for Buying High-Yield General Mills Just Strengthened SanDisk’s $1,800 Breakout Turns Memory Hardware Into a Profit Story 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. |
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Saved
2026-09-25 11:56
1mo ago
Published
2026-09-25 04:23
1mo ago
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Block (NYSE:XYZ) Stock: Insider Anthony Mathew Eisen Sells 6,000 Shares | FMP Stock News | |
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Original source text
Block, Inc. (NYSE:XYZ – Get Free Report) Director Anthony Eisen sold 6,000 shares of the stock in a transaction that occurred on Wednesday, September 23rd. The shares were sold at an average price of $76.67, for a total transaction of $460,020.00. Following the transaction, the director owned 1,362,672 shares in the company, valued at approximately $104,476,062.24. This trade represents a 0.44% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.Anthony Mathew Eisen also recently made the following trade(s): On Monday, September 21st, Anthony Eisen sold 6,000 shares of Block stock. The shares were sold at an average price of $77.54, for a total value of $465,240.00. On Friday, September 18th, Anthony Eisen sold 6,000 shares of Block stock. The shares were sold at an average price of $76.55, for a total transaction of $459,300.00. On Wednesday, September 16th, Anthony Eisen sold 6,000 shares of Block stock. The shares were sold at an average price of $78.36, for a total transaction of $470,160.00. On Monday, September 14th, Anthony Eisen sold 6,000 shares of Block stock. The stock was sold at an average price of $78.96, for a total value of $473,760.00. On Thursday, September 10th, Anthony Eisen sold 6,000 shares of Block stock. The stock was sold at an average price of $78.39, for a total value of $470,340.00. On Tuesday, September 8th, Anthony Eisen sold 6,000 shares of Block stock. The stock was sold at an average price of $82.18, for a total transaction of $493,080.00. On Friday, September 4th, Anthony Eisen sold 6,000 shares of Block stock. The shares were sold at an average price of $82.51, for a total transaction of $495,060.00. On Wednesday, September 2nd, Anthony Eisen sold 6,000 shares of Block stock. The shares were sold at an average price of $77.30, for a total value of $463,800.00. On Monday, August 31st, Anthony Eisen sold 6,000 shares of Block stock. The shares were sold at an average price of $82.58, for a total value of $495,480.00. On Friday, August 28th, Anthony 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. Block Stock Performance NYSE XYZ opened at $76.76 on Friday. The firm has a market cap of $46.12 billion, a price-to-earnings ratio of 137.07, a price-to-earnings-growth ratio of 0.81 and a beta of 2.52. The company has a quick ratio of 2.21, a current ratio of 2.21 and a debt-to-equity ratio of 0.26. The business has a 50-day moving average price of $80.28 and a 200-day moving average price of $73.24. Block, Inc. has a twelve month low of $48.21 and a twelve month high of $86.92. Block (NYSE:XYZ – Get Free Report) last issued its earnings results on Wednesday, August 5th. The technology company reported $1.02 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.48 by $0.54. The company had revenue of $6.62 billion for the quarter. Block had a return on equity of 8.10% and a net margin of 1.43%.The firm’s revenue for the quarter was up 9.3% compared to the same quarter last year. During the same period last year, the business posted $0.62 EPS. Block has set its FY 2026 guidance at 4.020-4.020 EPS and its Q3 2026 guidance at 1.020-1.020 EPS. As a group, equities research analysts predict that Block, Inc. will post 2.74 EPS for the current fiscal year. Analysts Set New Price Targets A number of research analysts recently commented on the stock. Keefe, Bruyette & Woods increased their price target on shares of Block from $90.00 to $100.00 and gave the company an “outperform” rating in a report on Thursday, August 6th. Scotiabank assumed coverage on shares of Block in a research note on Wednesday, September 2nd. They set a “sector perform” rating and a $82.00 target price for the company. Royal Bank Of Canada increased their price objective on Block from $93.00 to $95.00 and gave the stock an “outperform” rating in a research note on Thursday, August 6th. Clear Str upgraded shares of Block to a “hold” rating in a report on Thursday, July 16th. Finally, Morgan Stanley reaffirmed an “overweight” rating on shares of Block in a research report on Wednesday, August 5th. Four investment analysts have rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating and nine have given a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $95.42. Read Our Latest Research Report on XYZ Institutional Trading of Block Hedge funds and other institutional investors have recently made changes to their positions in the business. QRG Capital Management Inc. boosted its position in shares of Block by 13.9% in the 2nd quarter. QRG Capital Management Inc. now owns 122,158 shares of the technology company’s stock worth $9,284,000 after purchasing an additional 14,887 shares in the last quarter. Envestnet Portfolio Solutions Inc. increased its position in Block by 10.9% during the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 6,901 shares of the technology company’s stock valued at $524,000 after buying an additional 676 shares in the last quarter. Sequoia Financial Advisors LLC increased its position in Block by 5.7% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 15,836 shares of the technology company’s stock valued at $1,204,000 after buying an additional 857 shares in the last quarter. Engineers Gate Manager LP raised its stake in Block by 2,575.4% in the second quarter. Engineers Gate Manager LP now owns 571,414 shares of the technology company’s stock valued at $43,427,000 after buying an additional 550,056 shares during the last quarter. Finally, Cidel Asset Management Inc. purchased a new stake in Block in the second quarter valued at about $229,000. Hedge funds and other institutional investors own 70.44% of the company’s stock. About Block (Get Free Report) Block, Inc is a global technology company that develops financial services and commerce tools for businesses and consumers. Founded in 2009 as Square, the company changed its corporate name to Block in 2021 to reflect the expansion of its operations beyond seller-focused payment solutions. Through its Square ecosystem, Block provides payment processing, point-of-sale hardware and software, business banking, invoicing, payroll, inventory management and other tools for merchants. Its consumer-focused Cash App offers services that may include peer-to-peer payments, money transfers, investing, debit-card access and bitcoin-related functionality, subject to availability and applicable regulations. Block also owns Afterpay, a buy now, pay later platform, and has operated additional businesses involving music streaming and bitcoin infrastructure. Recommended Stories Five stocks we like better than Block Hims & Hers Slides Nearly 7% as Legal Pressure Adds to Its Growing List of Risks Paychex Plunges, Providing the Entry Investors Have Been Waiting For The Case for Buying High-Yield General Mills Just Strengthened SanDisk’s $1,800 Breakout Turns Memory Hardware Into a Profit Story 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. |
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2026-09-24 11:27
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2026-09-24 03:41
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Bank of America Corp DE Takes Position in Block, Inc. $XYZ | FMP Stock News | |
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Bank of America Corp DE purchased a new position in shares of Block, Inc. (NYSE:XYZ – Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 617,929 shares of the technology company’s stock, valued at approximately $23,531,000. Bank of America Corp DE owned about 0.10% of Block as of its most recent SEC filing.A number of other hedge funds also recently modified their holdings of XYZ. Elevation Wealth Partners LLC increased its holdings in Block by 301.0% in the 2nd quarter. Elevation Wealth Partners LLC now owns 389 shares of the technology company’s stock worth $30,000 after acquiring an additional 292 shares during the last quarter. Global Assets Advisory LLC bought a new stake in Block during the 1st quarter worth approximately $31,000. Cary Street Partners Investment Advisory LLC increased its holdings 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 purchasing an additional 223 shares during the period. Osbon Capital Management LLC bought a new position in Block in the 4th quarter worth about $43,000. Finally, EverSource Wealth Advisors LLC raised its stake in Block by 33.9% in the fourth quarter. EverSource Wealth Advisors LLC now owns 707 shares of the technology company’s stock valued at $46,000 after purchasing an additional 179 shares in the last quarter. Institutional investors own 70.44% of the company’s stock. Block Stock Down 3.7% Shares of Block stock opened at $74.70 on Thursday. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.21 and a quick ratio of 2.21. The company has a 50-day moving average of $80.38 and a 200 day moving average of $73.17. The firm has a market cap of $44.88 billion, a price-to-earnings ratio of 133.39, a PEG ratio of 0.81 and a beta of 2.52. Block, Inc. has a 1 year low of $48.21 and a 1 year high of $86.92. Block (NYSE:XYZ – Get Free Report) last issued its quarterly earnings results on Wednesday, August 5th. The technology company reported $1.02 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.48 by $0.54. Block had a net margin of 1.43% and a return on equity of 8.10%. The company had revenue of $6.62 billion during the quarter. During the same period last year, the business earned $0.62 earnings per share. The company’s 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. As a group, sell-side analysts anticipate that Block, Inc. will post 2.74 earnings per share for the current fiscal year. Insider Buying and Selling at Block In other news, insider Brian Grassadonia sold 43,348 shares of Block stock in a transaction that occurred on Thursday, July 2nd. The shares were sold at an average price of $80.00, for a total transaction of $3,467,840.00. Following the completion of the transaction, the insider directly owned 557,654 shares in the company, valued at approximately $44,612,320. This trade represents a 7.21% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Amrita Ahuja sold 9,511 shares of the business’s stock in a transaction that occurred on Monday, August 24th. The stock was sold at an average price of $82.43, for a total value of $783,991.73. Following the completion of the sale, the chief financial officer directly owned 423,262 shares in the company, valued at approximately $34,889,486.66. This represents a 2.20% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders sold 375,913 shares of company stock valued at $30,384,506. Corporate insiders own 11.37% of the company’s stock. Analyst Ratings Changes A number of equities research analysts have weighed in on XYZ shares. Benchmark upgraded Block to a “strong-buy” rating in a research report on Thursday, September 10th. Wolfe Research upped their price target on shares of Block from $100.00 to $115.00 and gave the company an “outperform” rating in a report on Tuesday, August 25th. Oppenheimer reaffirmed an “outperform” rating and set a $97.00 price target on shares of Block in a research report on Thursday, August 6th. Piper Sandler boosted their price objective on shares of Block from $100.00 to $105.00 and gave the company an “overweight” rating in a research report on Thursday, August 6th. Finally, Royal Bank Of Canada upped their price objective on shares of Block from $93.00 to $95.00 and gave the stock an “outperform” rating in a report on Thursday, August 6th. Four equities research analysts have rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating and nine have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Block presently has an average rating of “Moderate Buy” and an average target price of $95.42. Get Our Latest Stock Report on XYZ Block Profile (Free Report) Block, Inc is a global technology company that develops financial services and commerce tools for businesses and consumers. Founded in 2009 as Square, the company changed its corporate name to Block in 2021 to reflect the expansion of its operations beyond seller-focused payment solutions. Through its Square ecosystem, Block provides payment processing, point-of-sale hardware and software, business banking, invoicing, payroll, inventory management and other tools for merchants. Its consumer-focused Cash App offers services that may include peer-to-peer payments, money transfers, investing, debit-card access and bitcoin-related functionality, subject to availability and applicable regulations. Block also owns Afterpay, a buy now, pay later platform, and has operated additional businesses involving music streaming and bitcoin infrastructure. Featured Stories Five stocks we like better than Block Chips to Bots: Qualcomm’s Agentic AI Breakout Ciena Fell 40%—Now One Analyst Sees 50% Upside Energy Transfer Taps the AI Power Boom Viking’s Obesity Edge May Be Staying Power, Not Weight Loss 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. |
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2026-09-23 15:55
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2026-09-23 10:45
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Block's Afterpay Scores With Fanatics to Expand BNPL Reach | FMP Stock News | |
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Key Takeaways Afterpay is now Fanatics' preferred BNPL partner, expanding its reach across sports commerce.Eligible shoppers can use Pay in 4 and Pay Monthly across Fanatics' online stores.The expanded deal could boost BNPL usage, customer engagement and payment volume for Block. Block Inc.’s (XYZ - Free Report) Afterpay is strengthening its position in sports commerce by becoming Fanatics' preferred Buy Now, Pay Later (“BNPL”) partner. The expanded relationship gives Afterpay access to Fanatics’ extensive digital sports marketplace, creating more opportunities to offer flexible payment options to shoppers purchasing merchandise from their favorite teams and leagues.Eligible customers will be able to use Afterpay’s Pay in 4 and Pay Monthly options across Fanatics’ online stores, including Fanatics.com, Lids.com, NBAStore.com and NHLShop.com. The offering covers purchases ranging from jerseys and apparel to collectibles and memorabilia. The partnership expands Afterpay’s presence in a category where consumer spending can rise around major sporting events, championship celebrations, new-season launches and other fan-driven occasions. The relationship builds on previous collaboration between the companies, including an Afterpay activation at Fanatics Fest, and could eventually extend to additional sports events, fan experiences and commerce opportunities. For Block, the expanded partnership supports Afterpay’s efforts to broaden its merchant network and reach more consumers through established digital platforms. Broader acceptance across Fanatics’ ecosystem could increase BNPL usage, strengthen customer engagement and generate additional payment volume. The deal also aligns with Block’s broader efforts to connect its consumer and commerce businesses through complementary financial services. Increased merchant adoption and customer usage would potentially strengthen Afterpay’s contribution to Block’s payments ecosystem while helping the company pursue growth across additional commerce categories. Over the past six months, shares of this Zacks Rank #3 (Hold) company have rallied 26.7% compared with the industry's growth of 26.3%. Image Source: Zacks Investment Research Stocks to ConsiderSome better-ranked stocks from the internet-software sector are BILL Holdings, Inc. (BILL - Free Report) and Paycom Software (PAYC - Free Report) , each sporting a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks Rank #1 stocks here. The Zacks Consensus Estimate for BILL’s 2027 earnings per share (EPS) has moved northward 2.5% to $3.69 over the past month. The consensus estimate for PAYC’s 2026 EPS has moved up 1.2% to $11.90 over the past month. Note: Anything related to earnings presented in this write-up represents funds from operations (FFO), a widely used metric to gauge the performance of REITs. |
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2026-09-21 19:37
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2026-09-21 14:01
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XYZ's Square Deepens Ideal Nutrition Partnership as Franchise Expands | FMP Stock News | |
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Key Takeaways Square will support Ideal Nutrition's franchise expansion across retail, loyalty, marketing and payroll.Ideal Nutrition uses Square across 17 stores, with three more under construction and 20 targeted by 2026.Square's AI could help forecast meal orders, while food-and-beverage GPV rose 20% in Q2 2026. Block Inc.’s (XYZ - Free Report) Square has renewed and expanded its partnership with Ideal Nutrition as the Florida-based prepared-meal company prepares for national franchise expansion. Ideal Nutrition operates 17 retail stores, has three more under construction and expects to reach 20 locations by the end of 2026 while evaluating markets outside Florida. Square will continue to serve as the unified commerce platform for its retail stores, franchise operations, loyalty program, marketing and payroll.Ideal Nutrition has used Square in every retail store since opening its first location. Its current setup includes Square Register, Square Handheld and Square for Franchises, which gives corporate management a centralized view while allowing franchisees to manage their own Square accounts. Square’s ‘Menu’ feature also helps the company manage a rotating lineup of more than 40 meals across stores and ordering channels. The partnership extends beyond payments. Ideal Nutrition connects Square with DoorDash, Uber Eats and Grubhub, uses Square Online for same-day pickup and relies on Square Payroll, Shifts, Loyalty and Marketing. Its email campaigns have generated open rates of about 47%. Since the start of 2025, customers have earned more than 17 million loyalty points and redeemed over 64%, resulting in more than 110,000 gifted meals. The next step could further deepen Square’s role. Ideal Nutrition is exploring Square’s AI capabilities for store-level meal-order forecasting based on sales trends and seasonal history. The initiative aligns with Square’s broader efforts to use AI to help sellers automate operations, improve efficiency and make smarter decisions using data available across its platform. It could also deepen Ideal Nutrition’s use of Square’s integrated ecosystem as the company expands its franchise footprint. Ideal Nutrition’s expansion comes as Square gains momentum among food-and-beverage and larger sellers. In the second quarter of 2026, Square Gross Payment Volume (GPV) rose 13% year over year to $72.8 billion, while food-and-beverage GPV increased 20%. Square gross profit also grew 13% to $1.16 billion, driven by stronger payments volume and increased software adoption. Other Recent PartnershipsIdeal Nutrition follows several recent Square wins. Whit’s Frozen Custard moved its 100 locations across 11 states onto Square Register, Square KDS, Square for Restaurants and Square for Franchises, with estimated annual savings of about $2,000 per franchisee location. In the U.K., Parsons Bakery adopted Square across 48 shops in 10 counties, bringing payments, loyalty, marketing and online ordering onto a single platform. Cascadia Pizza Co. also returned to Square in August 2026, using Square for Restaurants and Square Franchise Suite across a business that includes 17 corporate restaurants, franchises, food trucks and catering operations across five states. Together, these deals highlight Square’s gaining traction with multi-location and franchise food businesses that need more than payment processing. For Block, the Ideal Nutrition expansion is particularly meaningful because it demonstrates how an existing seller can deepen its use of Square’s ecosystem as it grows, potentially supporting higher software adoption, seller retention and payment volume over time. Over the past three months, shares of this Zacks Rank #3 (Hold) company have rallied 5.8% compared with the industry's growth of 21%. Image Source: Zacks Investment Research Stocks to ConsiderSome better-ranked stocks from the internet-software sector are BILL Holdings, Inc. (BILL - Free Report) and MongoDB (MDB - Free Report) , each sporting a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks Rank #1 stocks here. The Zacks Consensus Estimate for BILL’s fiscal 2027 earnings per share (EPS) has moved 37 cents northward to $3.69 over the past month. The consensus estimate for MDB’s fiscal 2027 EPS has moved up 44 cents to $6.50 over the past month. Note: Anything related to earnings presented in this write-up represents funds from operations (FFO), a widely used metric to gauge the performance of REITs. |
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2026-09-20 14:15
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2026-09-20 05:24
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Anthony Mathew Eisen Sells 6,000 Shares of Block (NYSE:XYZ) Stock | FMP Stock News | |
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Block, Inc. (NYSE:XYZ – Get Free Report) Director Anthony Eisen sold 6,000 shares of the company’s stock in a transaction that occurred on Friday, September 18th. The stock was sold at an average price of $76.55, for a total transaction of $459,300.00. Following the completion of the transaction, the director owned 1,380,672 shares in the company, valued at approximately $105,690,441.60. This represents a 0.43% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.Anthony Mathew Eisen also recently made the following trade(s): On Wednesday, September 16th, Anthony Eisen sold 6,000 shares of Block stock. The shares were sold at an average price of $78.36, for a total value of $470,160.00. On Monday, September 14th, Anthony Eisen sold 6,000 shares of Block stock. The shares were sold at an average price of $78.96, for a total value of $473,760.00. On Thursday, September 10th, Anthony Eisen sold 6,000 shares of Block stock. The stock was sold at an average price of $78.39, for a total value of $470,340.00. On Tuesday, September 8th, Anthony Eisen sold 6,000 shares of Block stock. The shares were sold at an average price of $82.18, for a total value of $493,080.00. On Friday, September 4th, Anthony Eisen sold 6,000 shares of Block stock. The shares were sold at an average price of $82.51, for a total transaction of $495,060.00. On Wednesday, September 2nd, Anthony Eisen sold 6,000 shares of Block stock. The stock was sold at an average price of $77.30, for a total transaction of $463,800.00. On Monday, August 31st, Anthony Eisen sold 6,000 shares of Block stock. The shares were sold at an average price of $82.58, for a total transaction of $495,480.00. On Friday, August 28th, Anthony Eisen sold 6,000 shares of Block stock. The stock was sold at an average price of $85.12, for a total value of $510,720.00. On Wednesday, August 26th, Anthony 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 Eisen sold 6,000 shares of Block stock. The stock was sold at an average price of $81.48, for a total transaction of $488,880.00. Block Trading Down 0.3% Shares of NYSE:XYZ opened at $76.26 on Friday. Block, Inc. has a 52 week low of $48.21 and a 52 week high of $86.92. The company’s 50 day moving average is $80.59 and its two-hundred day moving average is $72.86. The company has a market cap of $45.82 billion, a PE ratio of 136.18, a P/E/G ratio of 0.80 and a beta of 2.52. The company has a current ratio of 2.21, a quick ratio of 2.21 and a debt-to-equity ratio of 0.26. Block (NYSE:XYZ – Get Free Report) last posted its quarterly earnings results on Wednesday, August 5th. The technology company reported $1.02 earnings per share for the quarter, beating analysts’ consensus estimates of $0.48 by $0.54. The company had revenue of $6.62 billion for the quarter. Block had a return on equity of 8.10% and a net margin of 1.43%.The firm’s quarterly revenue was up 9.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.62 earnings per share. 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 predict that Block, Inc. will post 2.74 earnings per share for the current fiscal year. Hedge Funds Weigh In On Block A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Raiffeisen Bank International AG lifted its position in Block by 0.3% in the second quarter. Raiffeisen Bank International AG now owns 44,901 shares of the technology company’s stock valued at $3,503,000 after purchasing an additional 148 shares during the period. EverSource Wealth Advisors LLC raised its stake in shares of Block by 33.9% during the 4th quarter. EverSource Wealth Advisors LLC now owns 707 shares of the technology company’s stock worth $46,000 after buying an additional 179 shares in the last quarter. Avior Wealth Management LLC raised its stake in shares of Block by 3.3% during the 2nd quarter. Avior Wealth Management LLC now owns 6,081 shares of the technology company’s stock worth $462,000 after buying an additional 193 shares in the last quarter. Carson Advisory Inc. lifted its holdings in shares of Block by 2.6% in the 1st quarter. Carson Advisory Inc. now owns 8,035 shares of the technology company’s stock valued at $484,000 after buying an additional 200 shares during the period. Finally, Cary Street Partners Investment Advisory LLC lifted its holdings in shares of Block by 57.6% in the 4th quarter. Cary Street Partners Investment Advisory LLC now owns 610 shares of the technology company’s stock valued at $40,000 after buying an additional 223 shares during the period. 70.44% of the stock is currently owned by hedge funds and other institutional investors. Wall Street Analysts Forecast Growth XYZ has been the subject of several research analyst reports. Barclays started coverage on shares of Block in a research note on Tuesday, July 7th. They issued an “overweight” rating and a $100.00 price objective for the company. Wolfe Research raised their price target on Block from $100.00 to $115.00 and gave the stock an “outperform” rating in a research note on Tuesday, August 25th. Keefe, Bruyette & Woods boosted their price objective on Block from $90.00 to $100.00 and gave the company an “outperform” rating in a research note on Thursday, August 6th. Robert W. Baird set a $105.00 price objective on Block in a report on Thursday, August 6th. Finally, Morgan Stanley reiterated an “overweight” rating on shares of Block in a research report on Wednesday, August 5th. Four investment analysts have rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating and nine have given a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $95.42. View Our Latest Stock Analysis on XYZ Block Company Profile (Get Free Report) Block, Inc is a global technology company that develops financial services and commerce tools for businesses and consumers. Founded in 2009 as Square, the company changed its corporate name to Block in 2021 to reflect the expansion of its operations beyond seller-focused payment solutions. Through its Square ecosystem, Block provides payment processing, point-of-sale hardware and software, business banking, invoicing, payroll, inventory management and other tools for merchants. Its consumer-focused Cash App offers services that may include peer-to-peer payments, money transfers, investing, debit-card access and bitcoin-related functionality, subject to availability and applicable regulations. Block also owns Afterpay, a buy now, pay later platform, and has operated additional businesses involving music streaming and bitcoin infrastructure. Featured Stories Five stocks we like better than Block Lennar’s Earnings Miss May Be Sending a Bigger Warning About U.S. Housing Priced for a Pullback or More Gains? These 3 Stocks Are Testing the Limits These 3 Agentic AI Stocks Have More Than Hype Behind Their Growth Stories Not Just Banks: 3 Trading Stocks to Watch After the Fed Rate Hike 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. |
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2026-09-18 01:07
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2026-09-17 18:55
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Block Director Anthony Eisen Sells 18,000 Shares for $1.5 Million | FMP Stock News | |
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Anthony Mathew Eisen, Director at Block (XYZ -0.21%), reported a direct sale of 18,000 shares of common stock, according to a recent SEC Form 4 filing.Transaction summaryMetricValueTransaction value$1.5 millionShares sold18,000Post-transaction shares (directly held)1,452,672Post-transaction value$113.1 millionTransaction value based on SEC Form 4 weighted average sale price ($82.58); post-transaction value based on Sept. 1, 2026, market close ($77.88). Key questionsWhat regulatory framework governed this transaction? The sale was executed under a Rule 10b5-1 trading plan adopted on March 2, 2026, which allows company insiders to schedule stock trades in advance to mitigate concerns regarding non-public information.How did the execution price align with the recent market context? The shares were sold at $82.58 per share, while the stock was priced at $82.02 as of the Aug. 31, 2026, market close, following a 2% one-year loss as of the transaction date.What is the director's remaining equity footprint in the company? Following this transaction, the director retains direct ownership of 1,452,672 shares, with a market value of approximately $113.1 million as of the close on Sept. 1, 2026.How does the transaction relate to the company's business operations? As a director of a company that develops hardware solutions and payment tools for merchants, the insider benefits from this scheduled liquidity event, while maintaining a significant equity stake in the firm.Company OverviewMetricValueShare Price (as of market close 2026-08-31)$82.02Market Capitalization$46 billionRevenue (TTM)$25 billionNet Income (TTM)$357.1 millionCompany SnapshotBlock develops comprehensive payment processing solutions and hardware platforms that enable merchants to accept card payments, including traditional Magstripe readers and advanced Contactless and chip readers supporting EMV and Near Field Communication technologies.The company generates revenue through a diversified model encompassing payment processing fees, hardware sales, and value-added services, including robust reporting, analytics, and next-day fund settlement for merchant customers.Block primarily serves small- to medium-sized merchants and enterprises seeking integrated payment infrastructure, with a focus on businesses that require flexible, scalable solutions for card transaction processing and financial visibility.Block operates as a leading infrastructure software provider in the payments ecosystem, serving a substantial merchant base through its integrated hardware and software platform. With $25 billion in TTM revenue and a market capitalization of $46 billion, the company has established significant scale within the financial technology sector. The company's competitive differentiation centers on its comprehensive suite of payment-processing tools, real-time analytics capabilities, and settlement-acceleration features that address critical operational needs for merchants across diverse industries. Today's Change ( -0.21 %) $ -0.16 Current Price $ 76.47 What this transaction means for investorsThrough several transactions conducted from Aug. 28 to Sept. 1, Eisen sold 18,000 shares, with the total transaction valued at approximately $1.5 million. On the surface, that may sound concerning for shareholders, given the amount of shares sold. However, the transaction is largely routine. It was established under a trading plan set up in March 2026, so the sale of 18,000 shares isn't a spur-of-the-moment decision. Additionally, Eisen still holds over 1.4 million shares, indicating continued alignment with the company's future success. With all of those details, this isn't a sale that should worry shareholders. With shares up just 1% over the last year, Block stock has found more footing in 2026, climbing 17.4% thus far. In comparison, over the same period, the S&P 500 is up 11.5%. For what could be next for Block stock, analysts are generally bullish. Of the 50 who cover the stock, 80% rate it a buy, while 20% rate it a hold, according to CNN. From that group, the median one-year price target is $100, representing a potential gain of 30.7% from today's price of $76.47. |
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2026-09-15 16:54
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2026-09-15 10:30
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Block (XYZ) Boasts Earnings & Price Momentum: Should You Buy? | FMP Stock News | |
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Here at Zacks, we offer our members many different opportunities to take full advantage of the stock market, as well as how to invest in ways that lead to long-term success.The Zacks Premium service, which provides daily updates of the Zacks Rank and Zacks Industry Rank; full access to the Zacks #1 Rank List; Equity Research reports; and Premium stock screens like the Earnings ESP filter, makes these more manageable goals. All of the features can help you identify what stocks to buy, what to sell, and what are today's hottest industries. Also included in Zacks Premium is the Focus List. This is a long-term portfolio of top stocks that have all the traits to beat the market. Breaking Down the Zacks Focus ListIf you could get access to a curated list of stocks to kickstart your investment portfolio, wouldn't you jump at the chance to take a peek? That's what the Zacks Focus List, a portfolio of 50 stocks, offers investors. Not only does it serve as a starting point for long-term investors, but all stocks included in the list are poised to outperform the market over the next 12 months. Additionally, each selection is accompanied by a full Zacks Analyst Report, something that makes the Focus List even more valuable. The report explains in detail why each stock was picked and why we believe it's good for the long-term. The portfolio's past performance only solidifies why investors should consider it as a starting point. For 2020, the Focus List gained 13.85% on an annualized basis compared to the S&P 500's return of 9.38%. Cumulatively, the portfolio has returned 2,519.23% while the S&P returned 854.95%. Returns are for the period of February 1, 1996 to March 31, 2021. Focus List MethodologyWhen stocks are picked for the Focus List, it reflects our enduring reliance on the power of earnings estimate revisions. Earnings estimates are expectations of growth and profitability, and are determined by brokerage analysts. Together with company management, these analysts examine every aspect that may affect future earnings, like interest rates, the economy, and sector and industry optimism. Earnings estimate revisions are very important, since investors also need to take into consideration what a company will earn in the future. When a stock receives upward earnings estimate revisions, it will likely get even more positive changes in the future. For instance, if an analyst raised their earnings outlook last month, they'll probably do so again this month, and other analysts will follow. Harnessing the power of earnings estimate revisions is where the Zacks Rank comes in. The Zacks Rank, which is a unique, proprietary stock-rating model, employs earnings estimate revisions to make it easier to build a winning portfolio. There are four main factors behind the Zacks Rank: Agreement, Magnitude, Upside, and Surprise. Each one of these features is then given a raw score that's recalculated every night and compiled into the Rank. Using this data, stocks are classified into five groups, ranging from "Strong Buy" to "Strong Sell." The Focus List is comprised of stocks hand-picked from a long list of #1 (Strong Buy) or #2 (Buy) ranked companies, meaning that each new addition boasts a bullish earnings consensus among analysts. Because stock prices react to revisions, buying stocks with rising earnings estimates can be very profitable. Focus List stocks offer investors a great opportunity to get into companies whose future earnings estimates will be raised, potentially leading to price momentum. Focus List Spotlight: Block (XYZ - Free Report) Block was incorporated in San Francisco in 2009. The company does not designate a headquarters location, as it adopted a distributed work model in 2020. It has been an S&P 500 constituent since July 2025. Since being added to the Focus List on March 28, 2017 at $17.25 per share, shares of XYZ have increased 360.81% to $79.49. The stock is currently a #3 (Hold) on the Zacks Rank. 13 analysts revised their earnings estimate upwards in the last 60 days for fiscal 2026. The Zacks Consensus Estimate has increased $0.16 to $4.06. XYZ boasts an average earnings surprise of 7.3%. Additionally, XYZ's earnings are expected to grow 71.3% for the current fiscal year. Reveal Winning StocksUnlock all of our powerful research, tools and analysis, including the Zacks #1 Rank List, Equity Research Reports, Zacks Earnings ESP Filter, Premium Screener and more, as part of Zacks Premium. You'll quickly identify which stocks to buy, hold and sell, and target today's hottest industries, to help improve the performance of your portfolio. Gain full access now >> |
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2026-09-14 18:51
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Block Stock Flashing Bullish Signal After Pullback | FMP Stock News | |
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Fintech stock Block Inc (NYSE:XYZ) is up 1.6% at $80.45 at last glance, enjoying a 23.1% gain since the start of the year. |
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2026-09-11 20:12
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2026-09-11 13:50
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Block Makes a Federal Trust Bank Move That Could Reshape Its Fintech Model | FMP Stock News | |
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Fintech enterprises face a defining fork in the road once transaction volumes reach scale: keep paying tolls to third-party partner banks, or secure a direct federal charter to bring operations in-house. Many payment platforms watch gross margins erode as sponsor institutions collect fees for the services they provide, and regulators tighten scrutiny around informal partnerships.Block Today $79.25 +0.18 (+0.23%) As of 03:58 PM Eastern This is a fair market value price provided by Massive. Learn more. $48.21▼ $86.92141.52 $95.42 Investors following financial technology have sought clear evidence that digital payments can move beyond low-margin processing to durable bottom-line earnings. Block, Inc. NYSE: XYZ addressed that question on Sept. 8, 2026, by filing an application with the Office of the Comptroller of the Currency (OCC) to form Builders Bank & Trust, N.A. By pursuing a national trust bank charter, Block is adopting the structural playbook pioneered by digital banking peers. The move seeks to reduce third-party clearing friction, unify compliance under federal supervision, and protect transaction economics across Cash App and Square, laying the groundwork for sustainable operating leverage. Securing direct regulatory authority marks a major turning point for modern financial platforms. Get Block alerts: Block Ditches the Sponsor-Bank MiddlemanWhen SoFi Technologies, Inc. NASDAQ: SOFI completed its bank charter acquisition, the business altered its economic trajectory. Direct regulatory status removed intermediary partner fees, reduced funding expenses, and established a direct path to consistent quarterly profitability. Block is applying that same structural logic to digital assets, institutional custody, and stablecoin infrastructure. Rather than operating purely as a consumer interface dependent on outside depository institutions, Block plans to manage custody directly through a federally chartered trust bank. To lead the new bank, Block appointed Lee Woolley as President and Chief Executive Officer. Woolley previously served as Chief Executive Officer of the Treasury Department Federal Credit Union and held senior management positions at Northern Trust and BNY Mellon. His operational tenure brings institutional credibility and deep familiarity with federal bank supervision. Builders Bank & Trust, N.A. builds upon the foundation established by Square Financial Services, an industrial bank charter granted in Utah in 2020. Elevating digital asset custody to the federal tier marks a deliberate evolution from a payment broker into foundational market infrastructure. How Proprietary Clearing Widens the Margin SpreadBlock operates at a substantial scale, generating annual sales of about $24.19 billion. Net profit margins remain tight near 1.43%, producing approximately $1.31 billion in net income. A key contributor to fintech costs can be the web of third-party clearing houses, custodian banks, and partner institutions required to settle peer-to-peer transfers and merchant settlements. Cash App supports considerable Bitcoin (BTC) volume, while the Square merchant ecosystem is integrating stablecoins for merchant settlement. Under external clearing arrangements, partner banks capture basis points on every transaction. Operating native fiduciary custody through Builders Bank removes that intermediary layer, directing fee revenue straight to earnings before interest, taxes, depreciation, and amortization (EBITDA). That potential for improving operating leverage helps explain the sharp divergence between Block's historical and forward valuation multiples. The stock carries a trailing price-to-earnings (P/E) ratio near 141, reflecting historical investments in technology and acquisitions. The forward P/E ratio contracts to around 29.21. Wall Street analysts project annual earnings growth of roughly 35.66%, supported by an attractive price/earnings-to-growth (PEG) ratio near 0.85. Block's quarterly earnings report on Aug. 5, 2026, highlighted this bottom-line momentum, delivering adjusted earnings of $1.02 per share versus consensus expectations of 48 cents, along with a 9.3% year-over-year (YOY) revenue increase. Bypassing the 50-State Money-Transmitter TrapOperating a nationwide payments platform without a federal charter requires maintaining separate money-transmitter licenses (MTLs) across multiple state jurisdictions, depending on the activities involved. This fragmented system creates continuous compliance filings, legal expenses, and conflicting regulatory requirements. Securing an OCC national trust charter would provide a consistent federal framework for the custody and fiduciary activities Builders Bank is authorized to conduct. This federal oversight comes amid heightened regulatory scrutiny of informal Banking-as-a-Service (BaaS) partnerships. Enforcement actions against partner banks have disrupted unchartered fintech platforms, exposing them to sudden operational halts. Operating directly under the OCC could reduce Block’s reliance on partner institutions for activities housed within Builders Bank, reassuring users and commercial partners that digital assets reside within a federally supervised institution. Builders Bank & Trust, N.A. achieves this protection while maintaining capital efficiency. Because the institution is structured as a non-depository, uninsured trust bank, it will not accept customer deposits or extend commercial loans. This charter structure exempts Block from mandatory Federal Deposit Insurance Corporation (FDIC) assessments and shields the balance sheet from credit-default risk. Block maintains a conservative capital structure, with a debt-to-equity ratio of about 0.26 and strong liquidity reflected in a current ratio of roughly 2.21. Why Wall Street Might Be Underestimating BlockBlock Stock Forecast Today12-Month Stock Price Forecast: $95.42 19.81% Upside Moderate Buy Based on 42 Analyst Ratings Current Price$79.65High Forecast$125.00Average Forecast$95.42Low Forecast$55.00Block Stock Forecast Details Shares of Block trade near $80 in recent trading, consolidating after a year-to-date advance of roughly 22% from an opening price of $65.05. Across 41 covering equity analysts, the consensus rating is Moderate Buy, with an average 12-month price target of $95.42, representing about 20% upside. Bull-case targets on Wall Street reach around $125. Technical support has formed between $77 and $78, coinciding with healthy short interest levels that indicate limited short-seller pressure. Institutional investors maintain significant equity stakes, led by the California State Teachers' Retirement System at about 9.13% and BlackRock Inc. NYSE: BLK at roughly 2.74%. Investors should balance this growth catalyst against notable risk factors. The OCC review process involves detailed examination, and final charter approvals typically require several quarters. A beta near 2.52 also makes the stock sensitive to broader macroeconomic pullbacks and cryptocurrency market volatility. Recent insider trading activity shows routine executive selling executed under pre-arranged Rule 10b5-1 trading plans near $80.80, including an open-market sale of about $463,800 by a director on Sept. 7, 2026. Investors seeking exposure to financial technology infrastructure might view pullbacks toward support as an opportunity to build a position. Those with an intermediate time horizon can monitor forthcoming OCC milestones as tangible indicators of expanding operating leverage. Should You Invest $1,000 in Block Right Now?Before you consider Block, you'll want to hear this. MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Block wasn't on the list. While Block currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys. View The Five Stocks Here Looking to profit from the electric vehicle mega-trend? Click the link to see our list of which EV stocks show the most long-term potential. Get This Free Report Continue following MarketBeat Add MarketBeat as your preferred source on Google to see our latest stories in your feed. |
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2026-09-10 05:14
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2026-09-09 22:47
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Block, Inc. (XYZ) Presents at Goldman Sachs Communacopia + Technology Conference 2026 Transcript | FMP Stock News | |
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Block, Inc. (XYZ) Presents at Goldman Sachs Communacopia + Technology Conference 2026 Transcript |
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2026-09-09 19:29
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2026-09-09 13:51
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XYZ Files Application to Establish Builders Bank for Custody Services | FMP Stock News | |
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Key Takeaways Block applied to establish Builders Bank, an uninsured national trust bank under OCC supervision.Builders Bank to provide custody and fiduciary services for bitcoin and stablecoins without taking deposits.XYZ is expanding regulated financial services as Square Financial Services brings more payments in-house. Block (XYZ - Free Report) has submitted an application to the Office of the Comptroller of the Currency (“OCC”) to establish Builders Bank & Trust, N.A., an uninsured national trust bank. The application remains subject to the OCC’s review and approval. Builders Bank would begin operations only after obtaining all necessary regulatory approvals.If approved, it would operate as a federally regulated national trust bank under OCC supervision and provide custody and related fiduciary services for bitcoin and stablecoins. The charter would enable Block to conduct these activities through a consistent national framework as the business scales. Builders Bank would be an uninsured, non-deposit-taking trust bank and would not accept deposits or make loans. The proposed charter would establish a federal supervisory framework for certain custody and related activities currently offered by Block. The application follows Block’s broader expansion of regulated financial-services capabilities, including through its existing industrial bank, Square Financial Services. In the second quarter of 2026, eligible sellers maintaining at least $10,000 in Square Savings could earn 3.5% APY. Separately, Block noted in its second-quarter 2026 earnings that a larger deposit base could provide low-cost funding for future lending and reduce reliance on warehouse facilities and other funding sources. Block has also been bringing payments infrastructure in-house. Square Financial Services processed its first Square acquiring transaction in June 2026 and plans to shift more Square and Cash App acquiring volume over time. In the second quarter, Cash App consumer-lending originations rose 59% year over year to $18.9 billion, highlighting the scale of Block’s financial-services operations. Over the past three months, shares of this Zacks Rank #3 (Hold) company have rallied 18% compared with the industry's growth of 14.5%. Image Source: Zacks Investment Research Stocks to ConsiderSome better-ranked stocks from the internet-software sector are BILL Holdings, Inc. (BILL - Free Report) and MongoDB (MDB - Free Report) , each sporting a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks Rank #1 stocks here. The Zacks Consensus Estimate for BILL’s fiscal 2027 earnings per share (EPS) has moved 37 cents northward to $3.68 over the past month. The consensus estimate for MDB’s fiscal 2027 EPS has moved up 17 cents to $6.37 over the past week. |
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2026-09-09 09:30
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2026-09-08 10:56
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Jeff Bezos, Cathie Wood Argue That AI Will Create a Labor Shortage, Not Job Losses | FMP Stock News | |
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The biggest debate around artificial intelligence has centered on whether it will create widespread unemployment. Amazon.com, Inc. (NASDAQ:AMZN) founder Jeff Bezos and Ark Invest CEO Cathie Wood argue the opposite: AI will increase demand for workers and create labor shortages.Speaking at the VivaTech conference in Paris, Bezos once again dismissed concerns that AI will make humans redundant, arguing instead that the technology will expand what businesses can achieve. “I totally disagree with this point of view. And I think, in fact, AI is going to create a labor shortage,” Bezos said at a tech conference in Paris in June. As AI helps businesses automate routine work and lower the cost of creating new products and services, companies are likely to pursue opportunities that were previously uneconomical, he argues. That will increase—not reduce—the need for human workers. Yet, Amazon — as well as Meta Platforms (NASDAQ:META), Microsoft (NASDAQ:MSFT) and Block (NYSE:XYZ) — are restructuring and redirecting resources toward AI while also cutting thousands of jobs. Read Next Bezos maintains that AI will ultimately help people feel less constrained and remove barriers to success. Wood, citing findings from payroll software provider Ramp, made a similar claim: Companies adopting AI are adding employees faster than their peers. Demographic trends—including retiring baby boomers and tighter immigration—are shrinking the available labor force, she added. As a result, businesses will be competing for workers even as AI adoption accelerates, she said. The AI Job Apocalypse Hasn’t Arrived—YetEntry-level roles face the greatest disruption, Woods said. Still, she advised younger workers to use AI as a tool to build businesses, solve problems and create new opportunities rather than compete with the technology. So far, job losses due to AI adoption have fallen short of expectations, according to a McKinsey survey. Last week, the firm reported that 32% of survey respondents in 2025 anticipated headcount reductions due to AI, yet only 14 percent reported workforce reductions a year later. Two-thirds of respondents in 2026 reported little or no AI-related change in their organizations’ total employment during the previous year. However, 39% said they expect AI to reduce headcount at their organizations over the next year. Read Next Image via Shutterstock/ Shutterstock AI © 2026 Benzinga.com. Benzinga does not provide investment advice. All rights reserved. |
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Block Applies to Establish Builders Bank, a National Trust Bank | FMP Stock News | |
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DISTRIBUTED-WORK-MODEL/OAKLAND, Calif.--(BUSINESS WIRE)--Block, Inc. (NYSE: XYZ) today announced that it has submitted an application to the Office of the Comptroller of the Currency (“OCC”) to establish Builders Bank & Trust, N.A. (“Builders Bank”), an uninsured national trust bank. If approved, Builders Bank would operate as a federally regulated national trust bank under OCC supervision and would provide custody and related fiduciary services, including for bitcoin and stablecoins. The c. |
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2026-09-09 09:30
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2026-09-08 20:41
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Block Pursues National Trust Bank Charter to Custody Bitcoin and Stablecoins | FMP Stock News | |
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Block aims to establish a national trust bank that would provide custody and related fiduciary services, including those for bitcoin and stablecoins, the company said in a Tuesday (Sept. 8) press release. |
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2026-09-04 18:33
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2026-09-04 12:37
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Block (XYZ) Up 5.5% Since Last Earnings Report: Can It Continue? | FMP Stock News | |
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It has been about a month since the last earnings report for Block (XYZ - Free Report) . Shares have added about 5.5% in that time frame, outperforming the S&P 500.Will the recent positive trend continue leading up to its next earnings release, or is Block due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important catalysts. Block's Q2 Earnings & Revenues Beat on Cash App & Square StrengthBlock reported second-quarter 2026 adjusted EPS of $1.02, up 64.5% year over year and above the Zacks Consensus Estimate of 86 cents by 18.6%. Revenues rose 9.3% to $6.62 billion, beating the consensus mark of $6.54 billion by 1.3%. Cash App lending, commerce activity and stronger Square payment volume supported the quarter’s results. Total Square GPV increased 13.4% to $72.85 billion. Revenue Mix Benefits From Commerce Enablement GrowthCommerce Enablement revenues increased 15.3% year over year to $3.34 billion. Financial Solutions revenues advanced 40.4% to $1.38 billion, reflecting continued growth across lending and other financial products. Bitcoin Ecosystem revenues declined 12.8% to $1.89 billion. Despite that pressure, total gross profit climbed 24.8% to $3.17 billion. Commerce Enablement gross profit rose 18% to $1.81 billion, while Financial Solutions gross profit increased 42.9% to $1.29 billion. Cash App Monetization Gains MomentumCash App gross profit advanced 31.5% year over year to $1.97 billion. Cash App Commerce Enablement volume rose 17% to $56.5 billion, supported by Cash App Card and BNPL products. Commerce Enablement monetization rate improved 12 basis points to 1.65%, aided by higher Afterpay Post-Purchase attach rates. Consumer Lending origination volume increased 58.8% to $18.9 billion, driven largely by Cash App Borrow. Cash App Primary Banking Actives grew 17% to 9.4 million, while monthly transacting actives reached 59 million in June. Inflows per transacting active rose 9.2% to $1,469. Square Trends Strengthen Across MarketsSquare’s gross profit increased 13% year over year to $1.16 billion. Growth was driven by Commerce Enablement, reflecting stronger payment volumes, increased software adoption and continued momentum in Financial Solutions, particularly Square Loans. A one-time tariff reimbursement contributed roughly two percentage points to Square’s gross profit growth. Square GPV reached $72.85 billion. U.S. GPV increased 9.8%, marking the strongest domestic growth rate since the second quarter of 2023. International GPV rose 28% on a reported basis and 25% at constant currency. Food and beverage GPV grew 20%, retail advanced 13% and services increased 7%. Adjusted Profitability Reaches a RecordGAAP operating income was $447 million compared with $484 million a year earlier. General and administrative expenses increased sharply, primarily due to higher accrued legal contingencies. Adjusted operating income rose 57.1% year over year to a record $864 million. The adjusted operating margin expanded to 27% of gross profit from 22%. Adjusted EBITDA increased 31.1% to $1.17 billion, while adjusted net income climbed to $620 million from $385 million. Expenses Reflect Lending & Legal CostsOperating expenses totaled $2.72 billion, up from $2.05 billion in the prior-year quarter. Contingencies, restructuring and other charges were $365 million compared with $16 million in the prior-year quarter. Non-GAAP operating expenses increased to $2.32 billion from $2.00 billion. Transaction, loan and consumer receivable losses increased 99% year over year, primarily because of higher loan volumes. Management noted that cohort-level Borrow risk-loss rates remained healthy as origination volume shifted toward the six-week loan product. Block Raises Its 2026 Financial OutlookFor the third quarter of fiscal 2026, Block expects gross profit of $3.13 billion, representing 18% year-over-year growth. Adjusted operating income is projected at $875 million, with a 28% margin. Adjusted EPS is forecasted at $1.02, up 89%. Management raised its full-year outlook to gross profit of $12.51 billion, implying 21% growth. Adjusted operating income is now anticipated to be $3.47 billion, representing a 28% margin and 67% year-over-year growth. Adjusted EPS is expected to increase 70% to $4.02. How Have Estimates Been Moving Since Then?It turns out, estimates review have trended upward during the past month. The consensus estimate has shifted 9.37% due to these changes. VGM ScoresAt this time, Block has a great Growth Score of A, a score with the same score on the momentum front. Charting a somewhat similar path, the stock has a score of B on the value side, putting it in the top 40% for value investors. Overall, the stock has an aggregate VGM Score of A. If you aren't focused on one strategy, this score is the one you should be interested in. OutlookEstimates have been broadly trending upward for the stock, and the magnitude of these revisions looks promising. Interestingly, Block has a Zacks Rank #3 (Hold). We expect an in-line return from the stock in the next few months. Performance of an Industry PlayerBlock is part of the Zacks Internet - Software industry. Over the past month, Paylocity (PCTY - Free Report) , a stock from the same industry, has gained 1.9%. The company reported its results for the quarter ended June 2026 more than a month ago. Paylocity reported revenues of $444.73 million in the last reported quarter, representing a year-over-year change of +11%. EPS of $1.84 for the same period compares with $1.56 a year ago. For the current quarter, Paylocity is expected to post earnings of $1.92 per share, indicating a change of +9.7% from the year-ago quarter. The Zacks Consensus Estimate has changed +9.6% over the last 30 days. Paylocity has a Zacks Rank #2 (Buy) based on the overall direction and magnitude of estimate revisions. Additionally, the stock has a VGM Score of C. |
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2026-09-04 16:05
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2026-09-04 10:36
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Why Block (XYZ) is a Top Stock for the Long-Term | FMP Stock News | |
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Here at Zacks, we offer our members many different opportunities to take full advantage of the stock market, as well as how to invest in ways that lead to long-term success.The Zacks Premium service, which provides daily updates of the Zacks Rank and Zacks Industry Rank; full access to the Zacks #1 Rank List; Equity Research reports; and Premium stock screens like the Earnings ESP filter, makes these more manageable goals. All of the features can help you identify what stocks to buy, what to sell, and what are today's hottest industries. The service also includes the Focus List, which is a long-term portfolio of top stocks that boast a winning, market-beating combination of growth and momentum qualities. Breaking Down the Zacks Focus ListBuilding an investment portfolio from scratch can be difficult, so if you could, wouldn't you take a peek at a curated list of top stocks? That's what the Zacks Focus List, a portfolio of 50 stocks, offers investors. Not only does it serve as a starting point for long-term investors, but all stocks included in the list are poised to outperform the market over the next 12 months. One thing that makes the Focus List even more advantageous is that each pick comes with a full Zacks Analyst Report. This helps explain why each stock was selected and why we believe it's a good pick for the long-term. The portfolio's past performance only solidifies why investors should consider it as a starting point. For 2020, the Focus List gained 13.85% on an annualized basis compared to the S&P 500's return of 9.38%. Cumulatively, the portfolio has returned 2,519.23% while the S&P returned 854.95%. Returns are for the period of February 1, 1996 to March 31, 2021. Focus List MethodologyWhen stocks are picked for the Focus List, it reflects our enduring reliance on the power of earnings estimate revisions. Earnings estimates are expectations of growth and profitability, and are determined by brokerage analysts. Together with company management, these analysts examine every aspect that may affect future earnings, like interest rates, the economy, and sector and industry optimism. Earnings estimate revisions are very important, since investors also need to take into consideration what a company will earn in the future. When a stock receives upward earnings estimate revisions, it will likely get even more positive changes in the future. For instance, if an analyst raised their earnings outlook last month, they'll probably do so again this month, and other analysts will follow. Harnessing the power of earnings estimate revisions is where the Zacks Rank comes in. The Zacks Rank, which is a unique, proprietary stock-rating model, employs earnings estimate revisions to make it easier to build a winning portfolio. Four primary factors make up the Zacks Rank: Agreement, Magnitude, Upside, and Surprise. Each is given a raw score that's recalculated every night and compiled into the Rank, and with this data, stocks are then classified into five groups, ranging from "Strong Buy" to "Strong Sell." The Focus List is comprised of stocks hand-picked from a long list of #1 (Strong Buy) or #2 (Buy) ranked companies, meaning that each new addition boasts a bullish earnings consensus among analysts. Because stock prices react to revisions, buying stocks with rising earnings estimates can be very profitable. Focus List stocks offer investors a great opportunity to get into companies whose future earnings estimates will be raised, potentially leading to price momentum. Focus List Spotlight: Block (XYZ - Free Report) Block was incorporated in San Francisco in 2009. The company does not designate a headquarters location, as it adopted a distributed work model in 2020. It has been an S&P 500 constituent since July 2025. On March 28, 2017, XYZ was added to the Focus List at $17.25 per share. Shares have increased 383.3% to $83.37 since then, and the company is a #3 (Hold) on the Zacks Rank. 12 analysts revised their earnings estimate upwards in the last 60 days for fiscal 2026. The Zacks Consensus Estimate has increased $0.14 to $4.04. XYZ boasts an average earnings surprise of 7.3%. Moreover, analysts are expecting XYZ's earnings to grow 70.5% for the current fiscal year. Reveal Winning StocksUnlock all of our powerful research, tools and analysis, including the Zacks #1 Rank List, Equity Research Reports, Zacks Earnings ESP Filter, Premium Screener and more, as part of Zacks Premium. You'll quickly identify which stocks to buy, hold and sell, and target today's hottest industries, to help improve the performance of your portfolio. Gain full access now >> |
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2026-09-02 05:36
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2026-09-01 09:00
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Block Will Open Its Cash App Score to Lenders with Nova Credit's Cash Flow Intelligence Platform as Partner | FMP Stock News | |
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-Cash App Score, the real-time credit signal at the center of how Block manages its consumer lending portfolio, will be distributed to lenders through Nova Credit’s Cash Flow Intelligence Platform, expanding responsible credit access without requiring consumers to link accounts or share new credentials DISTRIBUTED-WORKFORCE/OAKLAND, Calif.--(BUSINESS WIRE)--Block, Inc. (NYSE: XYZ) today announced that it will open the Cash App Score to external lenders for the first time, with Nova Credit as a distribution partner. The partnership will make Cash App's proprietary, cash flow-based credit score available to lenders through Nova Credit's Cash Flow Intelligence Platform, embedding it directly into the underwriting workflows lenders already use, with no new consumer credentialing required. Cash App Score, which has begun rolling out to customers, draws on millions of real-time, first-party signals from across the Cash App ecosystem, including spending, saving, repayment behavior, paycheck deposits, and peer-to-peer activity, to form a detailed, near real-time picture of a person's financial health. And, unlike traditional credit scores, Cash App Score doesn’t look back exclusively at credit history - instead it reflects a customer’s broader financial behavior including historical and current activities, reflecting changes in near real-time. Within Cash App, customers can see their score on the Money Tab, understand what drives it, and take concrete steps to improve it. Early engagement is strong - within 30 days, 551 percent of customers return to check their score. Cash App customers will set their own preferences for whether and how their score will be shared with third-party lending partners, with Cash App managing notifications and consent directly and no third-party logins required. "At Block, we believe people should be able to use their own financial history to unlock opportunity, on their terms," said Juan Hernandez, Head of Credit and Underwriting at Block. "We built Cash App Score to see the financial activity of millions of people the traditional credit system misses, and it's now the same technology at the center of how we manage credit across Block, where we use it to understand risk in near real-time. Partnering with Nova Credit lets us put that capability in the hands of lenders through infrastructure they already trust, so more of those consumers can be reached responsibly, while they stay informed and in control of their data." The technology behind Cash App Score powers underwriting across all of Block's consumer lending products. In Cash App Borrow, where the technology has been running longest, it approves 38 percent more customers at the same loss rate compared with traditional credit scores1. Roughly 70 percent of active Borrow customers have FICO scores below 580, the population conventional models underserve, at a target repayment rate. Block's analysis across additional categories indicates the potential to approve 30 percent more auto loans and 28 percent more credit card applications at comparable loss rates versus traditional methods. The technology does more than assess individual creditworthiness - it tracks consumer financial health in aggregate and in near real-time, giving Block a continuous read on how macroeconomic conditions are affecting its portfolio. This allows Block to model scenarios and adjust credit policy dynamically rather than relying on lagging indicators. For lenders, this means the Cash App Score is not a static signal - it is built on infrastructure that continuously adapts to economic conditions, the same infrastructure Block relies on to manage its own portfolio. A richer view for lenders, across verticals Through Nova Credit's network, lenders will be able to incorporate the Cash App Score into their underwriting across verticals including credit cards, auto lending, device financing, personal lending and tenant screening, all areas where Cash App does not compete, delivered through the same Cash Flow Intelligence Platform they rely on today. The Cash App Score will provide lenders with a comprehensive, near real-time view of a consumer's ability to pay. Used alongside Nova Credit's Cash Atlas, lenders will gain an additional layer of cash flow context through a single integration. Beyond distribution, Nova Credit brings deep experience deploying cash flow-based scores, along with the consumer-reporting infrastructure, FCRA-compliance framework, and established lender network that together turn a powerful score into a solution lenders can adopt with confidence. "By bringing the Cash App Score into Nova Credit's Cash Flow Intelligence Platform, we're giving lenders a unique tool to develop a richer, near real-time view of tens of millions of credit-seeking Americans," said Misha Esipov, Co-founder and CEO of Nova Credit. "Our joint goal is to help Americans put their best financial foot forward, using the apps they already rely on every day." Nova Credit and Block will share more about the partnership at the Cash Flow Intelligence Summit, the annual gathering of consumer lending leaders, in New York City on September 10, 2026. Apply to attend. About Block Block builds technology to increase access to the global economy. Each of our brands unlocks different aspects of the economy for more people. Square makes commerce and financial services accessible to sellers. Cash App is the easy way to spend, send, and store money. Afterpay is transforming the way customers manage their spending over time. TIDAL is a music platform that empowers artists to thrive as entrepreneurs. Bitkey is a simple self-custody wallet built for bitcoin. Proto is a suite of bitcoin mining products and services. Together, we're helping build a financial system that is open to everyone. Block.xyz About Nova Credit Nova Credit is the industry's leading cash flow intelligence platform, enabling businesses to unlock the power of cash flow data in how they operate. The company leverages its industry-leading data infrastructure, intelligence layer, and FCRA-compliance to boost underwriting approvals, fight fraud, drive responsible growth, and more. Nova Credit supports over 7,000 businesses including organizations such as Chase, HSBC, SoFi, AppFolio, and Yardi, with a growing suite of products. Learn more at www.novacredit.com. More News From Block, Inc. Back to Newsroom |
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Block Lets Lenders Access Cash App Credit Insights | FMP Stock News | |
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Block says it is opening its Cash App score to external lenders for the first time. Using Nova Credit as a distribution partner, Block will make Cash App's proprietary, cash flow-based credit score available to lenders via Nova Credit's Cash Flow Intelligence Platform, the company announced Tuesday (Sept. |
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Block Will Open Its Cash App Score to Lenders with Nova Credit's Cash Flow Intelligence Platform as Partner | FMP Stock News | |
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Block, Inc. (NYSE: XYZ) today announced that it will open the Cash App Score to external lenders for the first time, with Nova Credit as a distribution partner. The partnership will make Cash App's proprietary, cash flow-based credit score available to lenders through Nova Credit's Cash Flow Intelligence Platform, embedding it directly into the underwriting workflows lenders already use, with no new consumer credentialing required.Cash App Score, which has begun rolling out to customers, draws on millions of real-time, first-party signals from across the Cash App ecosystem, including spending, saving, repayment behavior, paycheck deposits, and peer-to-peer activity, to form a detailed, near real-time picture of a person's financial health. And, unlike traditional credit scores, Cash App Score doesn’t look back exclusively at credit history - instead it reflects a customer’s broader financial behavior including historical and current activities, reflecting changes in near real-time. Within Cash App, customers can see their score on the Money Tab, understand what drives it, and take concrete steps to improve it. Early engagement is strong - within 30 days, 551 percent of customers return to check their score. Cash App customers will set their own preferences for whether and how their score will be shared with third-party lending partners, with Cash App managing notifications and consent directly and no third-party logins required. "At Block, we believe people should be able to use their own financial history to unlock opportunity, on their terms," said Juan Hernandez, Head of Credit and Underwriting at Block. "We built Cash App Score to see the financial activity of millions of people the traditional credit system misses, and it's now the same technology at the center of how we manage credit across Block, where we use it to understand risk in near real-time. Partnering with Nova Credit lets us put that capability in the hands of lenders through infrastructure they already trust, so more of those consumers can be reached responsibly, while they stay informed and in control of their data." The technology behind Cash App Score powers underwriting across all of Block's consumer lending products. In Cash App Borrow, where the technology has been running longest, it approves 38 percent more customers at the same loss rate compared with traditional credit scores1. Roughly 70 percent of active Borrow customers have FICO scores below 580, the population conventional models underserve, at a target repayment rate. Block's analysis across additional categories indicates the potential to approve 30 percent more auto loans and 28 percent more credit card applications at comparable loss rates versus traditional methods. The technology does more than assess individual creditworthiness - it tracks consumer financial health in aggregate and in near real-time, giving Block a continuous read on how macroeconomic conditions are affecting its portfolio. This allows Block to model scenarios and adjust credit policy dynamically rather than relying on lagging indicators. For lenders, this means the Cash App Score is not a static signal - it is built on infrastructure that continuously adapts to economic conditions, the same infrastructure Block relies on to manage its own portfolio. A richer view for lenders, across verticals Through Nova Credit's network, lenders will be able to incorporate the Cash App Score into their underwriting across verticals including credit cards, auto lending, device financing, personal lending and tenant screening, all areas where Cash App does not compete, delivered through the same Cash Flow Intelligence Platform they rely on today. The Cash App Score will provide lenders with a comprehensive, near real-time view of a consumer's ability to pay. Used alongside Nova Credit's Cash Atlas, lenders will gain an additional layer of cash flow context through a single integration. Beyond distribution, Nova Credit brings deep experience deploying cash flow-based scores, along with the consumer-reporting infrastructure, FCRA-compliance framework, and established lender network that together turn a powerful score into a solution lenders can adopt with confidence. "By bringing the Cash App Score into Nova Credit's Cash Flow Intelligence Platform, we're giving lenders a unique tool to develop a richer, near real-time view of tens of millions of credit-seeking Americans," said Misha Esipov, Co-founder and CEO of Nova Credit. "Our joint goal is to help Americans put their best financial foot forward, using the apps they already rely on every day." Nova Credit and Block will share more about the partnership at the Cash Flow Intelligence Summit, the annual gathering of consumer lending leaders, in New York City on September 10, 2026. Apply to attend. About Block Block builds technology to increase access to the global economy. Each of our brands unlocks different aspects of the economy for more people. Square makes commerce and financial services accessible to sellers. Cash App is the easy way to spend, send, and store money. Afterpay is transforming the way customers manage their spending over time. TIDAL is a music platform that empowers artists to thrive as entrepreneurs. Bitkey is a simple self-custody wallet built for bitcoin. Proto is a suite of bitcoin mining products and services. Together, we're helping build a financial system that is open to everyone. Block.xyz About Nova Credit Nova Credit is the industry's leading cash flow intelligence platform, enabling businesses to unlock the power of cash flow data in how they operate. The company leverages its industry-leading data infrastructure, intelligence layer, and FCRA-compliance to boost underwriting approvals, fight fraud, drive responsible growth, and more. Nova Credit supports over 7,000 businesses including organizations such as Chase, HSBC, SoFi, AppFolio, and Yardi, with a growing suite of products. Learn more at www.novacredit.com. View source version on businesswire.com: https://www.businesswire.com/news/home/20260901321398/en/ |
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Cathie Wood Sold $26 Million of Palantir to Buy These Two Stocks | FMP Stock News | |
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ARK shifted more than $50 million into Block and Rocket Lab while trimming several high-profile growth names. SummaryARK bought $38.1 million of BlockARK added $12.8 million of Rocket Lab Cathie Wood's ARK Invest announced another major portfolio rotation, pumping more than $50 million into Block and Rocket Lab while cutting Palantir and many other growth stocks. The firm bought 456,059 shares of Block (XYZ, Financials) through certain exchange-traded funds, worth around $38.1 million. ARK also purchased 200,303 shares of Rocket Lab worth about $12.8 million. The purchases are a sign that Wood is continuing to double down on fintech, online assets, and commercial space. The other side of the trade was equally amazing. ARK liquidated roughly $26 million worth of Palantir shares, dumping 139,456 shares in a recent pullback in its position to the AI software business. The company also sold around $4 million of Advanced Micro Devices, $12.3 million of Shopify and roughly $10.9 million of Tempus AI. Rocket Lab reported record revenue of $234.1 million for the second quarter, up 62% year over year, but a loss of $0.08 per share that was more than projected. The bigger message to investors is clear: Wood is shifting funds away from some of ARK's best performers and into fintech and space stocks where she seems to see more opportunity. Disclosures I/we have no positions in any stocks mentioned, and have no plans to buy any new positions in the stocks mentioned within the next 72 hours. Click for the complete disclosure |
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Top 3 Crypto & Blockchain Stocks to Watch as Crypto Demand Accelerates | FMP Stock News | |
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An updated edition of the July 15, 2026 article.Cryptocurrencies and blockchain technology are moving deeper into the mainstream financial system. What began largely as an alternative asset class centered on bitcoin has broadened into an ecosystem encompassing stablecoins, tokenized real-world assets, digital payments, institutional investment products and blockchain-based capital markets. Against this backdrop, Figure Technology Solutions, Inc. (FIGR - Free Report) , BlackRock, Inc. (BLK - Free Report) and Block, Inc. (XYZ - Free Report) stand out as companies positioned to benefit from participating in different parts of the growing cryptocurrency and blockchain ecosystem. Institutional participation is becoming an increasingly important driver. A 2026 Coinbase and EY-Parthenon survey of 351 institutional investors found that nearly three-fourths planned to increase their digital-asset allocations. Two-thirds of respondents already had exposure through spot crypto ETFs or ETPs, while 81% preferred accessing spot crypto through a registered investment vehicle. Meanwhile, 64% of asset managers expressed interest in tokenizing assets, up from 40% a year earlier, and 63% of investors were interested in allocating to tokenized assets. Stablecoins and tokenized assets are also expanding blockchain's usefulness beyond cryptocurrency trading. At the end of July 2026, the total stablecoin market capitalization stood at approximately $308 billion, while the value of tokenized assets jumped 11.5% during the month to a record $32.1 billion, according to CoinDesk Data’s latest Stablecoins & Tokenized Assets Report. The convergence of digital assets with traditional finance could create opportunities across several layers of the ecosystem — from companies building blockchain-native capital markets to asset managers offering regulated crypto products, fintech providers expanding bitcoin payments and semiconductor companies supplying computing technology for advanced cryptography. If you’re looking to tap into this fast-growing trend, our Cryptocurrencies & Blockchain Thematic Screen offers a simple way to spot promising stocks in the sector. Designed with advanced analytics, the screen is an invaluable source for identifying crypto and blockchain stocks with massive growth prospects. Ready to uncover more transformative thematic investment ideas? Explore 40 cutting-edge investment themes with Zacks Thematic Investing Screens and discover your next big opportunity. Figure Technology Solutions is emerging as a differentiated way to invest in blockchain adoption through real financial assets, not crypto speculation. Provenance Blockchain underpins its lending and digital-asset ecosystem, while Figure is steadily moving origination, funding, settlement and ownership records onto shared blockchain rails. The growth engine is Democratized Prime, Figure’s on-chain lend-borrow marketplace. Matched offers reached $530 million by July 31, 2026, while third-party borrowing had risen to about $170 million by Aug. 6. Expansion into auto and SMB loans shows the model can extend beyond home equity. $YLDS also strengthens Figure’s blockchain ecosystem. The SEC-registered yield-bearing digital asset security reached $628 million in circulation by July-end and can support settlement, collateral and liquidity across Figure’s marketplaces. Wider institutional use could make it an increasingly important funding tool. This Zacks Rank #1 (Strong Buy) company is also widening the opportunity through OPEN, its blockchain network for issuing, trading, custody and lending of public equities. Partnerships and planned tokenized listings could broaden Provenance beyond private credit and give Figure exposure to public-market infrastructure. The pending Kiavi acquisition could add another asset class to Figure’s blockchain rails. As more originators, investors and assets join, deeper liquidity and recurring marketplace fees could strengthen Figure’s long-term growth flywheel. You can see the complete list of today’s Zacks #1 Rank stocks here. BlackRock is turning digital assets from a niche experiment into a scaled distribution channel. Its strategy combines crypto ETPs, tokenized funds and stablecoin reserve management, giving the company ways to earn fees as blockchain finance moves closer to mainstream portfolios. IBIT remains the centerpiece. With about $60.3 billion in net assets on Aug. 28, it gives investors Bitcoin exposure through brokerage accounts, while ETHA held roughly $8.4 billion. Their scale strengthens BlackRock’s brand, liquidity advantage and institutional reach in crypto. Tokenization adds a second growth engine. BUIDL, BlackRock’s tokenized Treasury fund, had roughly $2.8 billion and led the tokenized Treasury market by Aug. 31. BlackRock also launched two tokenized money-market products in August, extending regulated cash management onto public blockchains. Stablecoins widen the opportunity. BlackRock managed $62.3 billion in Circle Reserve Fund assets on Aug. 28, while management sees stablecoins as a bridge between traditional finance and blockchain infrastructure. Rising adoption can deepen demand for reserve management and on-chain liquidity. The investment thesis for this Zacks Rank #3 (Hold) company is broader than cryptocurrency prices. Management believes digital assets can reach a $500 million revenue business by 2030 and wants BlackRock products inside wallets. If tokenization expands across ETFs, cash and private assets, BlackRock can gain another distribution channel. Block’s crypto thesis is no longer just about letting people trade bitcoin. The company is building an end-to-end bitcoin stack across Cash App, Square, Bitkey, Proto and Spiral, giving it exposure to payments, self-custody, mining hardware and open-source infrastructure. Cash App remains the distribution engine. More than 24 million actives have bought bitcoin, while management has intentionally lowered trading fees to become a simpler, cheaper exchange and gain share. USDC transfers now extend Cash App onto open blockchain rails. Square creates the bigger utility opportunity. Millions of sellers can accept bitcoin over Lightning, while Bitcoin Conversions lets merchants move part of sales into bitcoin. This turns Block from a trading venue into infrastructure connecting consumers, merchants and digital money. Bitkey adds a self-custody layer without seed-phrase complexity, while Proto targets a concentrated mining-hardware market with modular rigs, replaceable hashboards and free fleet software. Core Scientific’s 2026 contract exit raises execution risk, but Proto’s recurring upgrade model still offers upside. Block also held 9,117 bitcoins for long-term investment as of June 30, 2026, aligning capital with strategy. With Spiral strengthening Bitcoin’s developer stack and regulation moving toward clearer digital-asset rules, this Zacks Rank #3 company has several paths to monetize adoption, making its blockchain platform increasingly valuable. |
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Block Stock Is Up Just 3% This Past Year. Here's What to Know About This Executive's Latest Insider Transaction | FMP Stock News | |
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The majority of this disposition was non-discretionary tax withholding from RSU vesting. |
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Block's Neighborhoods Adds 30,000 More Sellers as Square and Cash App Help Build Local Commerce Network | FMP Stock News | |
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DISTRIBUTED-WORKFORCE/OAKLAND, Calif.--(BUSINESS WIRE)--Block, Inc. (NYSE: XYZ) today announced that Neighborhoods, the experience that connects Square sellers with Cash App customers to drive discovery, repeat visits, and local growth, has added 30,000 more sellers to the network, up nearly 10x from June. The expansion marks a new phase for Neighborhoods as Square and Cash App scale a local commerce network for both sellers and customers. Built into their existing Square Point of Sale, Neighbo. |
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Block's Neighborhoods Adds 30,000 More Sellers as Square and Cash App Help Build Local Commerce Network | FMP Stock News | |
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Block's Neighborhoods Adds 30,000 More Sellers as Square and Cash App Help Build Local Commerce Network Block, Inc. (NYSE: XYZ) today announced that Neighborhoods, the experience that connects Square sellers with Cash App customers to drive discovery, repeat visits, and local growth, has added 30,000 more sellers to the network, up nearly 10x from June. The expansion marks a new phase for Neighborhoods as Square and Cash App scale a local commerce network for both sellers and customers.Built into their existing Square Point of Sale, Neighborhoods gives local businesses a new way to earn repeat visits. Customers can earn Local Cash2 equal to 10% of their order subtotal, up to $10 per order, on qualifying purchases with participating Neighborhoods sellers, then redeem it on a future visit. Cash App funds Local Cash during an initial period,3 giving sellers a no-cost way to reward customers and encourage repeat visits. Participating sellers appear on the map in the Neighborhoods tab in Cash App, where customers can discover and follow the businesses they love. "Neighborhoods helps local businesses get discovered by new customers and then turn that first visit into a lasting relationship,” said Owen Jennings, Executive Officer and Head of Business, Block. “We're seeing a business's most loyal customers come back more often and spend more, which creates the repeat behavior that helps local businesses grow and thrive.” Once a customer follows a business on Neighborhoods, the seller can reach them directly with marketing campaigns in Cash App, designed to bring followers back. New customers who follow a participating business and make a qualifying purchase may also receive a Cash App-funded first-time $5 Local Cash bonus.4 A model built to scale Square has made Neighborhoods available to more eligible sellers through their existing Square Point of Sale. As of June 2026, Neighborhoods had scaled to sellers that represent a total of $1 billion in annualized gross payment volume (GPV), up more than 220% from March 2026.5 In June 2026, Neighborhoods became available on additional Square hardware, including Square Terminal, more than doubling the number of eligible sellers. Spend from followers reached 10% of seller GPV on average after three quarters on Neighborhoods, making them among the highest-value customers a seller can build.⁵ "We want to sell more coffee, build more regulars, and give people more reasons to come back – and Neighborhoods helps us do just that. Because it’s integrated with Square and Cash App, the experience feels seamless for our team and our customers, from updating menu availability in real time to letting customers order ahead and redeem Local Cash in store. We’ve seen it become part of people’s daily routines, including a longtime customer and dad on the go who uses it almost every day to order ahead before work,” said Hayden Swiderski, Applications Order Manager at Night Swim Coffee in Charlotte, North Carolina. "Our vision at Keva Juice has always been to create an uplifting experience that gives customers a reason to return. Neighborhoods builds on that by connecting local businesses through one experience, instead of asking customers to keep up with another standalone app or isolated loyalty program. With Square and Cash App built in together, the technology does more of the work for us, so our team can stay focused on serving customers and creating the experience that keeps them coming back," said Gary Thomas, owner and CEO of Keva Juice with locations across Nevada and Colorado. What's next Block is ramping auto-enablement across the country and testing new ways to build density in local markets, including pairing seller activation with dedicated account management. The company is also focused on increasing awareness of Neighborhoods among Square sellers' employees. To learn more about Neighborhoods, visit squareup.com/us/en/neighborhoods. About Block Block, Inc. (NYSE: XYZ) builds technology to increase access to the global economy. Each of our brands unlocks different aspects of the economy for more people. Square makes commerce and financial services accessible to sellers. Cash App is the easy way to spend, send, and store money. Afterpay is transforming the way customers manage their spending over time. Tidal is a music platform that empowers artists to thrive as entrepreneurs. Bitkey is a simple self-custody wallet built for bitcoin. Proto is a suite of bitcoin mining products and services. Together, we’re helping build a financial system that is open to everyone. Block.xyz. Cash App is a financial services platform, not a bank. Banking services provided by Cash App's bank partner(s). See cash.app for more details. 1 Based on 26,260 enrolled customer–seller pairs and 162,404 comparison pairs at the 44 highest-adoption Neighborhoods sellers based on the top 10%, measured since 1/28/26 with at least 90 days of history per customer. Sellers were selected by share of transactions involving Local Cash. Enrollment is customer-initiated; differences reflect observed behavior, not a measured effect of the program. 2 Local Cash is for promotional purposes only and has no cash value. Terms and restrictions apply. 3 Cash App currently funds the cost of Local Cash rewards for the first 12 months. Not transferable or redeemable for cash. Offers and program terms subject to change. Additional terms apply. 4 Local Cash welcome bonus limited to one per customer, available for a limited time, when a customer makes a qualifying purchase and follows their first Neighborhoods seller. Valid Cash App account required. Local Cash offers may vary and are subject to change. 5 Block, Inc. Q2 2026 results View source version on businesswire.com: https://www.businesswire.com/news/home/20260825494603/en/ Disclosures I/we have no positions in any stocks mentioned, and have no plans to buy any new positions in the stocks mentioned within the next 72 hours. Click for the complete disclosure |
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2026-08-31 12:03
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2026-08-27 14:05
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Block Pushes Square Further Into Restaurants: Can Growth Accelerate? | FMP Stock News | |
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Key Takeaways Square is expanding its restaurant footprint with Cascadia Pizza Co. and other restaurant-focused deals.Food-and-beverage GPV rose 20% in Q2 2026 as Square targets larger, more complex sellers.Block expects $12.51 billion in 2026 gross profit as wider Square adoption is watched for faster growth. Block’s (XYZ - Free Report) Square is expanding its restaurant footprint with Cascadia Pizza Co., which returned to Square in 2026 after reassessing its restaurant and franchise tools. Cascadia has grown from a single Washington food truck into 17 corporate restaurants, franchise locations, food trucks and catering operations across five states. It now uses Square for Restaurants, Square Franchise Suite and Square hardware.Cascadia relies on Square for centralized reporting, menu control and offline payments, while individual franchisees maintain separate Square accounts. This aligns with Square’s push toward larger, more complex sellers. Other deals reinforce that expansion. Square expanded its partnership with OpenTable, bringing reservations, payments and guest data into a more connected view for restaurants. Before that, The Baked Bear said it plans to add at least five new stores beyond its 36-location footprint. Square’s earlier Google expansion also brought U.S. food sellers into AI-powered Ask Maps discovery and ordering. These moves support Square’s broader momentum. Block has expanded field sales and ISO partnerships, with more than 200 active ISO partners helping accelerate new seller additions. In the second quarter of 2026, Square’s Gross Payment Volume (GPV) rose 13% to $72.8 billion, food-and-beverage GPV grew 20% and Square gross profit increased 13% to $1.16 billion. Block is pairing its wider Square reach with stronger profitability and increased investment in growth. The company’s second-quarter 2026 gross profit rose 25% to $3.17 billion, adjusted operating income reached $864 million at a 27% margin, while adjusted earnings per share (EPS) hit $1.02. Block expects $12.51 billion of gross profit and $3.47 billion of adjusted operating income in 2026, leaving investors to watch whether wider Square adoption can drive faster growth. How Are Block’s Competitors Faring?PayPal Holdings (PYPL - Free Report) expanded its partnership with Rainforest in February 2026, launching embedded-payments integration for vertical software platforms. The integration embeds PayPal, Venmo and PayPal Pay Later into software-platform checkouts while simplifying merchant onboarding, reporting, reconciliation and digital payment acceptance. The integration is designed to help software platforms shift more payment volume away from offline methods. Adyen (ADYEY - Free Report) expanded its partnership with Toast into the United States in August 2026, adding Adyen to Toast’s U.S. payments ecosystem. The partnership is intended to support faster settlement, broader payment choice and international scaling. Toast processed GPV exceeding $215 billion across approximately 180,000 locations worldwide in the 12 months ended June 30, 2026. XYZ’s Price Performance, Valuation & EstimatesShares of Block have risen 15.6% over the past three months, which outperformed the broader industry and the S&P 500 Index. Image Source: Zacks Investment Research In terms of forward 12-month P/E, XYZ stock is trading at 24.84X, which is at a discount to the Zacks Internet Software industry’s 27.93X. Image Source: Zacks Investment Research Block’s estimate revisions reflect a positive trend. The Zacks Consensus Estimate for full-year 2026 EPS has been revised upward over the past month. It indicates 70.4% increase year over year. Image Source: Zacks Investment Research Block currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here. |
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2026-08-31 12:03
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Freestone Grove Partners LP Buys Shares of 34,107 Block, Inc. $XYZ | FMP Stock News | |
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Freestone Grove Partners LP bought a new position in Block, Inc. (NYSE:XYZ – Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 34,107 shares of the technology company’s stock, valued at approximately $1,299,000.Several other hedge funds have also recently modified their holdings of XYZ. BlackRock Inc. purchased a new stake in shares of Block during the second quarter valued at $621,703,000. Ameriprise Financial Inc. bought a new position in Block during the 2nd quarter valued at about $535,305,000. Norges Bank bought a new position in Block during the 4th quarter valued at about $484,387,000. Viking Global Investors LP purchased a new stake in shares of Block during the 2nd quarter valued at about $368,213,000. Finally, Capital World Investors boosted its holdings in shares of Block by 41.8% during the 4th quarter. Capital World Investors now owns 16,023,441 shares of the technology company’s stock valued at $1,042,966,000 after acquiring an additional 4,727,217 shares during the last quarter. Hedge funds and other institutional investors own 70.44% of the company’s stock. Analyst Upgrades and Downgrades A number of analysts have recently commented on the stock. Truist Financial lifted their price target on shares of Block from $82.00 to $93.00 and gave the stock a “buy” rating in a research note on Friday, July 24th. Piper Sandler increased their price objective on shares of Block from $100.00 to $105.00 and gave the company an “overweight” rating in a research report on Thursday, August 6th. Barclays assumed coverage on shares of Block in a report on Tuesday, July 7th. They issued an “overweight” rating and a $100.00 target price on the stock. BTIG Research lifted their target price on shares of Block from $90.00 to $100.00 and gave the stock a “buy” rating in a research report on Thursday, August 6th. Finally, Oppenheimer reiterated an “outperform” rating and set a $97.00 target price on shares of Block in a research note on Thursday, August 6th. Three investment 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. Based on data from MarketBeat, Block presently has an average rating of “Moderate Buy” and an average target price of $95.84. View Our Latest Analysis on XYZ Block Trading Down 1.5% Block stock opened at $83.58 on Friday. The business has a 50-day simple moving average of $79.64 and a two-hundred day simple moving average of $70.09. The company has a market cap of $50.21 billion, a P/E ratio of 149.25, a P/E/G ratio of 0.93 and a beta of 2.53. Block, Inc. has a 52-week low of $48.21 and a 52-week high of $86.92. The company has a quick ratio of 2.21, a current ratio of 2.21 and a debt-to-equity ratio of 0.26. Block (NYSE:XYZ – Get Free Report) last released its quarterly earnings results on Wednesday, August 5th. The technology company reported $1.02 EPS for the quarter, beating 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 firm had revenue of $6.62 billion during the quarter. During the same period in the previous year, the company earned $0.62 EPS. Block’s revenue for the quarter was up 9.3% compared to the same quarter last year. Block has set its FY 2026 guidance at 4.020-4.020 EPS and its Q3 2026 guidance at 1.020-1.020 EPS. Analysts predict that Block, Inc. will post 2.72 EPS for the current year. Insider Buying and Selling at Block In other Block news, CFO Amrita Ahuja sold 9,511 shares of the stock in a transaction that occurred on Monday, August 24th. The shares were sold at an average price of $82.43, for a total value of $783,991.73. Following the transaction, the chief financial officer directly owned 423,262 shares in the company, valued at approximately $34,889,486.66. This trade represents a 2.20% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Brian Grassadonia sold 8,173 shares of Block stock in a transaction on Monday, August 24th. The stock was sold at an average price of $82.42, for a total transaction of $673,618.66. Following the transaction, the insider owned 513,981 shares in the company, valued at $42,362,314.02. This represents a 1.57% 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. Over the last three months, insiders have sold 501,756 shares of company stock valued at $39,582,259. 11.37% of the stock is owned by corporate insiders. About Block (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. Featured Articles Five stocks we like better than Block From SaaS-pocalypse to Perfect Storm: Workday’s AI Growth Story Strengthens These 3 GARP Stocks Show Why Growth and Value Do Not Have to Clash Venture Into High-Volatility Corners of the Market With These 3 ETFs 3 Retail Stocks to Watch After a Big Consumer Earnings Week 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. |
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2026-08-25 10:46
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2026-08-25 05:34
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A Trading Plan Adopted in March Just Moved Block Shares at $80.80. Here's What Changed at the Company in Between | FMP Stock News | |
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Amrita Ahuja, the CFO and COO of Block, Inc. (XYZ -0.95%), disclosed the disposition of 31,013 shares on August 20 and August 21, as detailed in a recent SEC Form 4 filing.Transaction summaryMetricValueTransaction value$2.5 millionShares sold31,013Post-transaction shares (directly held)423,262Post-transaction value$34.45 millionTransaction value based on SEC Form 4 weighted average sale price ($80.80); post-transaction value based on the August 24 market close ($81.38). Key questionsWhat were the mechanics behind the reported share disposition? The transaction was comprised of two distinct components: 18,401 shares were withheld by the company to satisfy income tax obligations linked to the settlement of restricted stock units, and 12,612 shares were sold via a Rule 10b5-1 trading plan adopted on March 2.How does the current market price compare to the execution levels? The shares were disposed of at a weighted average price of $80.80, while the stock was priced at $82.16 as of the August 21 market close.What is the scale of the insider's remaining direct equity interest? Following these transactions, the CFO and COO retains direct ownership of 423,262 shares, representing 0.07% of the company's total shares outstanding.What is the company's recent performance profile? Block reported trailing 12-month revenue of $25.0 billion and net income of $357.1 million, with the stock delivering a one-year total return of 3% as of the August 24 transaction date.Company OverviewMetricValueShare Price (as of market close 2026-08-21)$82.16Market Capitalization$48.9 billionRevenue (TTM)$25.0 billionNet Income (TTM)$357.1 millionCompany SnapshotBlock, Inc. develops comprehensive payment processing solutions and hardware devices, including Magstripe readers and Contactless and chip readers supporting EMV and Near Field Communication technologies, generating revenue through transaction processing, hardware sales, and value-added services.The company operates a merchant-centric business model that generates revenue from payment processing fees, hardware sales, and analytics services, while providing next-day settlement capabilities to enhance merchants' cash flow management.Block serves a diverse customer base of merchants across multiple verticals seeking integrated payment solutions, reporting analytics, and efficient settlement mechanisms to streamline their payment operations and financial management.Block, Inc. is a substantial technology infrastructure provider with a market capitalization of $48.9 billion and TTM revenue of $25.0 billion, positioning it as a significant player in the global payments ecosystem. The company's integrated platform approach--combining hardware, payment processing, and analytics--creates a defensible competitive moat while enabling merchants to consolidate their payment infrastructure across a single provider. Block maintains strategic positioning to capture growth opportunities in both traditional card-based payments and emerging payment technologies. What this transaction means for investorsAhuja had 18,401 shares withheld when restricted stock settled and sold 12,612 more under a plan she adopted on March 2, months before the quarter that moved the stock. It's not her only disposition to surface this month; there was an 8,971-share sale for roughly $770,000 in early August. Meanwhile, Block reported gross profit up 25% to $3.17 billion on August 5, adjusted earnings of $1.02 a share, up 65%, and a record 27% operating margin for the latest quarter, resulting in a third straight raise to full-year guidance. However, shares still fell about 6% the next day, as investors scrutinized third-quarter gross profit growth falling to 18% and then slowing further in the fourth quarter to the mid-teens. "Our budgets obviously are going up," CFO Amrita Ahuja said on the call about AI, though she argued the company routes work to cheaper and open-source models to hold the bill down. Legal costs are climbing, too. Block's second-quarter 10-Q lifted the accrued loss on an open Justice Department investigation, tied to a 2023 short-seller report on Cash App, to $526 million from $240 million three months earlier, and the company has said the eventual figure could run higher. Jonathan Ponciano has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Block. The Motley Fool has a disclosure policy. |
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2026-08-25 05:38
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Block's Chief Legal Officer Reported a Disposition While the Company Builds Out Its Own Bank. Here's What to Know | FMP Stock News | |
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Esperanza Chrysty, the chief legal officer of Block, Inc. (XYZ -0.95%), disposed of 8,376 shares on August 20 to satisfy tax obligations associated with the settlement of equity awards, according to an SEC Form 4 filing.Transaction summaryMetricValueShares sold8,376Transaction value~$670,750Post-transaction shares (directly held)252,964Post-transaction value~$20.26 millionTransaction value based on SEC Form 4 weighted average sale price ($80.08); post-transaction value based on the August 20 market close ($80.08). Key questionsWas this a discretionary market trade? The disposition was a non-discretionary transaction executed to cover income tax and withholding obligations connected to the net settlement of restricted stock units and does not represent a shift in the executive's investment outlook.What is the executive's remaining exposure to the company? Chrysty retains a direct stake of 252,964 shares, representing approximately 0.04% of the company's outstanding equity, and the executive also holds derivative securities.What were the mechanics of the share disposition? The shares were withheld by the issuer rather than sold on the open market, specifically to satisfy remittance obligations arising from the vesting of restricted stock units.Company OverviewMetricValueShare Price (as of market close 2026-08-21)$82.16Market Capitalization$48.9 billionRevenue (TTM)$25.0 billionNet Income (TTM)$357.1 millionCompany SnapshotBlock, Inc. develops and operates a comprehensive payment processing platform that enables merchants to accept card payments through hardware solutions, including Magstripe readers and EMV-compatible contactless and chip readers, and provides advanced reporting, analytics, and next-day fund settlement capabilities.The company generates revenue through transaction processing fees, hardware sales, software subscriptions, and value-added services that support merchant operations across payment acceptance and financial management.Block serves a diverse merchant base ranging from small independent retailers to enterprise-level organizations seeking integrated payment processing solutions and business intelligence tools.Block, Inc. operates as a leading infrastructure software provider in the financial technology sector with a market capitalization of $48.9 billion and TTM revenue of $25.0 billion. The company has established a competitive advantage through its integrated ecosystem of hardware, software, and financial services that streamline merchant payment operations. With 10,205 employees and its headquarters in Oakland, Block continues to expand its market presence through innovation in payment-processing technology and merchant enablement solutions. What this transaction means for investorsChrysty had 8,376 shares withheld when equity awards settled, a small piece of a stake that includes 250,000 shares. More importantly for long-term investors, however, the move comes amid a shaky time for Block and its stock. The company paid $45 million on July 8 to settle claims from 46 state attorneys general that it oversold Cash App's fraud protections, plus $20 million the same day to Washington over pandemic unemployment transfers. Those obligations can run straight into the growth plan. Cash App consumer lending originated $18.9 billion in the second quarter, up 59% from a year earlier, and Square Financial Services, Block's industrial bank, began taking seller deposits at 3.5% APY and processed its first acquiring transactions in June. Owning the bank means owning the compliance, and CFO Amrita Ahuja pitched that on the August 5 call as something that gives Block "a direct connection to our regulators." That connection has been expensive lately. The state settlement also requires live customer support and faster handling of unauthorized-transaction claims, which shows up as an ongoing operating cost rather than a one-time charge, right as Block guides third-quarter gross profit growth down to 18% from the 25% it just delivered. Jonathan Ponciano has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Block. The Motley Fool has a disclosure policy. |
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2026-08-25 10:46
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Block: Deep Value In The Cash App Ecosystem | FMP Stock News | |
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33.05K FollowersAnalyst’s Disclosure: I/we have a beneficial long position in the shares of XYZ, PYPL either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article. Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body. |
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2026-08-25 10:46
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2026-08-25 05:45
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Can Neighborhoods Fix Cash App's User Growth? A New Block Insider Filing Lands While That Question Is Open | FMP Stock News | |
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Brian Grassadonia, ecosystem lead at Block, Inc. (XYZ -0.95%), reported a disposal of 17,765 shares this past week in an SEC Form 4 filing.Transaction summaryMetricValueTransaction value$1.4 millionShares sold17,765Post-transaction shares (directly held)513,981Post-transaction value$41.83 millionTransaction value based on SEC Form 4 weighted average sale price ($81.16); post-transaction value based on the August 24 market close ($81.38). Key questionsWhat governed the timing and execution of these dispositions? The transactions were executed pursuant to a Rule 10b5-1 trading plan adopted on June 2, 2025, and included shares withheld to satisfy income tax obligations arising from the settlement of restricted stock units.How does this sale impact the insider's total equity stake? Grassadonia reduced his direct ownership by 3% in this filing while retaining a direct position of 513,981 shares and additional equity through derivative securities.What is the current market context for the stock? Shares were priced at $82.16 as of the August 21 market close, and the company has delivered a one-year total return of 3% as of the transaction date.Company OverviewMetricValueShare Price (as of market close 2026-08-21)$82.16Market Capitalization$48.9 billionRevenue (TTM)$25.0 billionNet Income (TTM)$357.1 millionCompany SnapshotBlock, Inc. develops comprehensive payment processing solutions that enable merchants to accept card transactions via proprietary hardware readers, including Magstripe and EMV-compliant contactless and chip readers, and generates revenue from transaction processing fees and hardware sales.The company operates a transaction-based business model whereby it derives revenue from payment processing fees, merchant services, and the sale of point-of-sale hardware and software solutions that facilitate card acceptance and fund settlement.Block serves a diverse merchant base ranging from small independent retailers to mid-market enterprises seeking integrated payment processing, analytics, and working capital solutions in the financial technology infrastructure sector.Block, Inc. is a leading financial technology infrastructure provider with a market capitalization of $48.9 billion and TTM revenues of $25.0 billion, positioning the company as a significant player in the global payments ecosystem. The company's competitive advantage derives from its integrated suite of hardware and software solutions that streamlines payment acceptance, provides actionable merchant analytics, and accelerates fund settlement with next-day availability. With a strategic focus on merchant empowerment through technology, Block maintains a robust platform designed to address the evolving needs of payment processing in an increasingly digital commerce environment. What this transaction means for investorsGrassadonia sold 17,765 shares under a trading plan adopted on June 2, 2025, with part of the total withheld for taxes on settled stock, leaving 513,981 shares in his direct name. Fourteen months between adoption and execution takes the timing question off the table here. The company's growth story is much more important for investors, especially now: Cash App monthly transacting actives reached 59 million in June, up just 3%, and that slowing growth rattled investors and sent the stock down about 6% the day after the company's latest earnings report, despite a record 27% operating margin and a guidance raise. Cash App gross profit still grew 31% to $1.97 billion with inflows per active user up 9%, so Block is earning more from a base that has stopped widening. For now, Block's answer is Neighborhoods, the program that steers Cash App users to Square sellers. Annualized seller GPV on it crossed $1 billion in June and grew 220% year over year, and on the company earnings call this month, Business Lead Owen Jennings said that spend from followers reaches about 10% of a seller's GPV within three quarters, and management plans to spend harder on it in the back half, which makes the next report an important signal as to whether linking the two ecosystems adds users or just deepens the ones already there. Jonathan Ponciano has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Block. The Motley Fool has a disclosure policy. |
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2026-08-25 10:46
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2026-08-25 05:56
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The Afterpay Co-Founder on Block's Board Moved 18,000 Shares Under a Plan Set in March. Here's What to Know | FMP Stock News | |
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Anthony Mathew Eisen, a director at the firm, reported a sale of 18,000 shares of Block, Inc. (XYZ -0.95%) in a SEC Form 4 filing disclosed on August 24.Transaction summaryMetricValueShares sold18,000Transaction value$1.5 millionPost-transaction shares (directly held)1,488,672Post-transaction value$121.15 millionTransaction value based on SEC Form 4 weighted average sale price ($80.80); post-transaction value based on the August 24 market close ($81.38). Key questionsWhat was the primary driver of this transaction? The sale was executed automatically under a Rule 10b5-1 trading plan adopted by the insider on March 2, which allows insiders to set up a pre-scheduled plan for selling stock to avoid concerns about trading on non-public information.How does this sale affect Eisen's total exposure to the company? Following this 1% liquidation, the insider continues to hold about 1.5 million shares directly, maintaining a significant equity position valued at $121.15 million as of the August 24 market close.What is the company's current financial profile at the time of this disclosure? Block maintains a market capitalization of $48.9 billion and reported trailing twelve-month revenue of $25.0 billion and net income of $357.1 million as of the latest reporting period.How has the stock performed leading up to this filing? Shares of the technology company were priced at $82.16 as of the August 21 market close, contributing to a one-year total return of 3% as of the transaction date.Company OverviewMetricValueShare Price (as of market close 2026-08-21)$82.16Market Capitalization$48.9 billionRevenue (TTM)$25.0 billionNet Income (TTM)$357.1 millionCompany SnapshotBlock, Inc. develops comprehensive payment processing solutions and hardware platforms that enable merchants to accept card payments, access advanced reporting and analytics, and receive expedited settlement with next-day funding.The company generates revenue through transaction processing fees, hardware sales, software subscriptions, and value-added services, leveraging a diversified ecosystem that serves merchants across multiple verticals and geographies.Block's primary customer base comprises small to mid-sized merchants, retailers, and service providers who require accessible, integrated payment infrastructure and business intelligence tools to optimize their operations.Block, Inc. operates as a leading financial technology company with a $48.9 billion market capitalization and $25.0 billion in TTM revenue. The company's competitive advantage derives from its integrated hardware-software ecosystem, which simplifies payment acceptance while providing merchants with real-time insights and accelerated capital access. Block's strategic positioning in the fintech infrastructure space positions it to capture secular growth in digital payments adoption and merchant digitalization trends. What this transaction means for investorsEisen co-founded Afterpay in 2014 and ran it as co-CEO until Block bought it in 2022. He then joined the board in February 2025, so his stake is essentially the buy now, pay later business converted into Block stock. More importantly for long-term investors, Afterpay Pre-Purchase, which lets a Cash App Card user pick installments instead of a debit charge at checkout, reached general availability in the quarter, and Cash App commerce enablement volume grew 17%. CEO Jack Dorsey built the growth case on the August 5 earnings call around what he calls modern earners, saying "we see over 100 million modern earners in the U.S." Still, one pressure point is credit. Consumer lending originations grew 59%, and CFO Amrita Ahuja said she expects that pace to normalize into the back half as borrower cohorts season, which is where consumer strain would surface before it reaches gross profit. Despite surging 66% from lows earlier this year, Block stock is still only up about 3% this past year, highlighting just how shaky the ride has been. Jonathan Ponciano has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Block. The Motley Fool has a disclosure policy. |
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2026-08-21 17:20
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2026-08-21 11:00
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Block's Q2'26 Cash App Profit Jumps 31%: Can It Sustain Growth? | FMP Stock News | |
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Key Takeaways Cash App gross profit rose 31%, led by 43% growth in Financial Solutions.Block's Cash App Borrow origination volume surged 59% to $18.9 billion.Cash App's monetization rate improved to 1.65% as inflows per active rose 9%. Block (XYZ - Free Report) delivered a strong performance in the second quarter of 2026, with Cash App generating $1.97 billion in gross profit, up 31% year over year. The growth was driven mainly by Financial Solutions, up 43%, while Commerce Enablement increased 18%. Monthly transacting actives grew only 3%, indicating that Cash App's performance is driven by deeper customer engagement rather than rapid user growth. Primary Banking Actives rose 17%, while inflows per active increased 9%, highlighting engagement.A major contributor was Cash App Borrow, with Consumer Lending origination volume increasing 59% year over year to $18.9 billion. Commerce Enablement volume also rose 17% to $56.5 billion, supported by Cash App Card and Afterpay BNPL. The monetization rate improved from 1.53% to 1.65%, demonstrating that Cash App is generating more value from its existing customer base. However, sustaining growth will not be without challenges. Management expects Borrow growth to normalize as Block faces tougher comparisons, while loan-related losses have increased with higher lending volumes. Bitcoin Ecosystem gross profit declined, and Cash App sales and marketing expenses increased 28%. These factors highlight the need for Block to diversify its growth drivers while maintaining profitability. The long-term outlook remains positive as Block continues to build a diversified Cash App ecosystem across Card, BNPL, primary banking, Cash App Pay, Neighborhoods, families and teens products, Tags and Cash App Mobile. With avenues to deepen engagement, increase product adoption and expand monetization, Block has the potential to sustain healthy growth. The key will be converting customer relationships into financial activity. How Are Block’s Competitors Faring?PayPal’s (PYPL - Free Report) revenues increased 5% to $8.7 billion in the second quarter of 2026, while total payment volume (TPV) grew 10% to $486.4 billion. Venmo TPV was particularly strong, increasing 14% year over year, while transactions per active account rose 3%. PayPal also raised its full-year 2026 outlook, reflecting improving momentum across Venmo, Braintree and financial services. SoFi (SOFI - Free Report) also delivered strong growth in second-quarter 2026, reporting record net revenues of approximately $1.2 billion and net income of $157 million. The company continued to benefit from strong member and product growth, supported by its integrated digital-financial-services platform. XYZ’s Price Performance, Valuation & EstimatesShares of Block have risen 17.6% over the past three months, which outperformed the broader industry and the S&P 500 Index. Image Source: Zacks Investment Research In terms of forward 12-month P/E, XYZ stock is trading at 17.02X, which is at a discount to the Zacks Internet Software industry’s 27.33X. Image Source: Zacks Investment Research Block’s estimate revisions reflect a positive trend. The Zacks Consensus Estimate for full-year 2026 EPS has been revised upward over the past week. It indicates a significant increase year over year. Image Source: Zacks Investment Research Block currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here. |
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2026-08-20 17:03
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2026-08-20 10:51
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Why Block (XYZ) is a Top Momentum Stock for the Long-Term | FMP Stock News | |
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It doesn't matter your age or experience: taking full advantage of the stock market and investing with confidence are common goals for all investors. Luckily, Zacks Premium offers several different ways to do both.The research service features daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, all of which will help you become a smarter, more confident investor. Zacks Premium includes access to the Zacks Style Scores as well. What are the Zacks Style Scores? The Zacks Style Scores, developed alongside the Zacks Rank, are complementary indicators that rate stocks based on three widely-followed investing methodologies; they also help investors pick stocks with the best chances of beating the market over the next 30 days. Each stock is given an alphabetic rating of A, B, C, D or F based on their value, growth, and momentum qualities. With this system, an A is better than a B, a B is better than a C, and so on, meaning the better the score, the better chance the stock will outperform. The Style Scores are broken down into four categories: Value ScoreFor value investors, it's all about finding good stocks at good prices, and discovering which companies are trading under their true value before the broader market catches on. The Value Style Score utilizes ratios like P/E, PEG, Price/Sales, Price/Cash Flow, and a host of other multiples to help pick out the most attractive and discounted stocks. Growth ScoreWhile good value is important, growth investors are more focused on a company's financial strength and health, and its future outlook. The Growth Style Score takes projected and historic earnings, sales, and cash flow into account to uncover stocks that will see long-term, sustainable growth. Momentum ScoreMomentum investors, who live by the saying "the trend is your friend," are most interested in taking advantage of upward or downward trends in a stock's price or earnings outlook. Utilizing one-week price change and the monthly percentage change in earnings estimates, among other factors, the Momentum Style Score can help determine favorable times to buy high-momentum stocks. VGM ScoreIf you want a combination of all three Style Scores, then the VGM Score will be your friend. It rates each stock on their combined weighted styles, helping you find the companies with the most attractive value, best growth forecast, and most promising momentum. It's also one of the best indicators to use with the Zacks Rank. How Style Scores Work with the Zacks Rank The Zacks Rank is a proprietary stock-rating model that harnesses the power of earnings estimate revisions, or changes to a company's earnings expectations, to help investors build a successful portfolio. It's highly successful, with #1 (Strong Buy) stocks producing an unmatched +23.94% average annual return since 1988. That's more than double the S&P 500. But because of the large number of stocks we rate, there are over 200 companies with a Strong Buy rank, plus another 600 with a #2 (Buy) rank, on any given day. This totals more than 800 top-rated stocks, and it can be overwhelming to try and pick the best stocks for you and your portfolio. That's where the Style Scores come in. To maximize your returns, you want to buy stocks with the highest probability of success. This means picking stocks with a Zacks Rank #1 or #2 that also have Style Scores of A or B. If you find yourself looking at stocks with a #3 (Hold) rank, make sure they have Scores of A or B as well to ensure as much upside potential as possible. As mentioned above, the Scores are designed to work with the Zacks Rank, so any change to a company's earnings outlook should be a deciding factor when picking which stocks to buy. For instance, a stock with a #4 (Sell) or #5 (Strong Sell) rating, even one that boasts Scores of A and B, still has a downward-trending earnings forecast, and a much greater likelihood its share price will decline as well. Thus, the more stocks you own with a #1 or #2 Rank and Scores of A or B, the better. Stock to Watch: Block (XYZ - Free Report) Block, Inc. was incorporated in San Francisco in 2009. The company does not designate a headquarters location as it adopted a distributed work model in 2021. It has been an S&P 500 constituent since July 2025. XYZ is a #3 (Hold) on the Zacks Rank, with a VGM Score of A. Momentum investors should take note of this Computer and Technology stock. XYZ has a Momentum Style Score of A, and shares are up 4.5% over the past four weeks. 12 analysts revised their earnings estimate higher in the last 60 days for fiscal 2026, while the Zacks Consensus Estimate has increased $0.15 to $4.03 per share. XYZ also boasts an average earnings surprise of +7.3%. With a solid Zacks Rank and top-tier Momentum and VGM Style Scores, XYZ should be on investors' short list. |
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2026-08-19 16:44
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2026-08-19 10:41
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Why Block (XYZ) is a Top Value Stock for the Long-Term | FMP Stock News | |
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Taking full advantage of the stock market and investing with confidence are common goals for new and old investors, and Zacks Premium offers many different ways to do both.The research service features daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, all of which will help you become a smarter, more confident investor. It also includes access to the Zacks Style Scores. What are the Zacks Style Scores? The Zacks Style Scores, developed alongside the Zacks Rank, are complementary indicators that rate stocks based on three widely-followed investing methodologies; they also help investors pick stocks with the best chances of beating the market over the next 30 days. Each stock is given an alphabetic rating of A, B, C, D or F based on their value, growth, and momentum qualities. With this system, an A is better than a B, a B is better than a C, and so on, meaning the better the score, the better chance the stock will outperform. The Style Scores are broken down into four categories: Value ScoreFinding good stocks at good prices, and discovering which companies are trading under their true value, are what value investors like to focus on. So, the Value Style Score takes into account ratios like P/E, PEG, Price/Sales, Price/Cash Flow, and a host of other multiples to highlight the most attractive and discounted stocks. Growth ScoreWhile good value is important, growth investors are more focused on a company's financial strength and health, and its future outlook. The Growth Style Score takes projected and historic earnings, sales, and cash flow into account to uncover stocks that will see long-term, sustainable growth. Momentum ScoreMomentum investors, who live by the saying "the trend is your friend," are most interested in taking advantage of upward or downward trends in a stock's price or earnings outlook. Utilizing one-week price change and the monthly percentage change in earnings estimates, among other factors, the Momentum Style Score can help determine favorable times to buy high-momentum stocks. VGM ScoreIf you want a combination of all three Style Scores, then the VGM Score will be your friend. It rates each stock on their combined weighted styles, helping you find the companies with the most attractive value, best growth forecast, and most promising momentum. It's also one of the best indicators to use with the Zacks Rank. How Style Scores Work with the Zacks Rank The Zacks Rank is a proprietary stock-rating model that harnesses the power of earnings estimate revisions, or changes to a company's earnings expectations, to help investors build a successful portfolio. #1 (Strong Buy) stocks have produced an unmatched +23.94% average annual return since 1988, which is more than double the S&P 500's performance over the same time frame. However, the Zacks Rank examines a ton of stocks, and there can be more than 200 companies with a Strong Buy rank, and another 600 with a #2 (Buy) rank, on any given day. This totals more than 800 top-rated stocks, and it can be overwhelming to try and pick the best stocks for you and your portfolio. That's where the Style Scores come in. To maximize your returns, you want to buy stocks with the highest probability of success. This means picking stocks with a Zacks Rank #1 or #2 that also have Style Scores of A or B. If you find yourself looking at stocks with a #3 (Hold) rank, make sure they have Scores of A or B as well to ensure as much upside potential as possible. Since the Scores were created to work together with the Zacks Rank, the direction of a stock's earnings estimate revisions should be a key factor when choosing which stocks to buy. Here's an example: a stock with a #4 (Sell) or #5 (Strong Sell) rating, even one with Style Scores of A and B, still has a downward-trending earnings outlook, and a bigger chance its share price will decrease too. Thus, the more stocks you own with a #1 or #2 Rank and Scores of A or B, the better. Stock to Watch: Block (XYZ - Free Report) Block, Inc. was incorporated in San Francisco in 2009. The company does not designate a headquarters location as it adopted a distributed work model in 2021. It has been an S&P 500 constituent since July 2025. XYZ is a #3 (Hold) on the Zacks Rank, with a VGM Score of A. It also boasts a Value Style Score of B thanks to attractive valuation metrics like a forward P/E ratio of 19.72; value investors should take notice. 12 analysts revised their earnings estimate upwards in the last 60 days for fiscal 2026. The Zacks Consensus Estimate has increased $0.15 to $4.03 per share. XYZ boasts an average earnings surprise of +7.3%. With a solid Zacks Rank and top-tier Value and VGM Style Scores, XYZ should be on investors' short list. |
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2026-08-19 16:44
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2026-08-19 11:51
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Block's Square Expands OpenTable Tie-Up: Can Restaurant Adoption Grow? | FMP Stock News | |
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Key Takeaways Block is expanding Square and OpenTable's integration to connect reservations, payments and guest data.The integration can aid restaurants identify high-value guests and improve loyalty and personalized marketing.Deeper integration could drive Square adoption, broader product use and higher payment volumes. Block’s (XYZ - Free Report) Square and OpenTable are expanding their preferred partnership to more closely connect reservation, guest, payment and transaction data across their platforms. The enhanced integration will combine OpenTable’s reservation history, booking behavior, dining preferences and guest information with Square’s order, payment, spending and operational data, giving restaurant operators a more complete view of the customer journey from booking through payment and repeat visits.For restaurants, the integration could make it easier to link reservations with actual revenues, identify high-value and frequent guests, track spending patterns and use those insights to improve loyalty programs, personalized marketing and customer engagement. It could also help restaurants deliver more tailored service by giving staff better visibility into guest preferences and past behavior. The partnership could also support growing adoption of Square among restaurants by making its platform more attractive to operators seeking integrated payments, point-of-sale (POS), guest insights and customer engagement tools. Deeper integration with OpenTable could help Square win new restaurant customers while encouraging existing merchants to adopt more of its software, payments and hardware products, strengthening its position as a broader restaurant technology platform. Greater merchant engagement and broader product adoption could, in turn, support higher payment volumes and additional revenue opportunities for Block. The expanded partnership builds on the companies’ POS relationship launched in 2022. The new capabilities are opt-in, with future enhancements expected to include faster onboarding, smarter reservation workflows, richer guest insights, deeper loyalty integration, and expanded ordering and payment functionality. How Are Block’s Competitors Fairing?Toast (TOST - Free Report) is a key Square competitor, with integrations across Resy, SevenRooms and Tock connecting reservations, guest profiles and POS data. TOST ended second-quarter 2026 with approximately 180,000 locations, up 22% year over year, after adding a record 9,500 net locations. Lightspeed Commerce (LSPD - Free Report) , which integrates its restaurant POS with SevenRooms, reported fiscal first-quarter 2027 revenues of $322.7 million, up 17% organically. Gross payment volume reached $11.3 billion. The company ended June 2026 with about 146,000 customer locations, underscoring its scale in restaurant and retail technology across global markets. XYZ’s Price Performance, Valuation & EstimatesShares of Block have risen 12.1% over the past three months, which outperformed the broader industry and the S&P 500 Index. Image Source: Zacks Investment Research In terms of forward 12-month P/E, XYZ stock is trading at 16.9X, which is at a discount to the Zacks Internet Software industry’s 27.76X. Image Source: Zacks Investment Research Block’s estimate revisions reflect a positive trend. The Zacks Consensus Estimate for full-year 2026 EPS has been revised upward over the past week. It indicates a significant increase year over year. Image Source: Zacks Investment Research Block currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here. |
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