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SAN FRANCISCO—Brian Grassadonia, the Ecosystem Lead at Block, Inc. (NYSE:XYZ), recently sold 1,885 shares of the company’s Class A common stock. The shares were sold at a price of $56.19 each, totaling approximately $105,918. The transaction comes as Block’s stock trades near its 52-week low, with InvestingPro analysis suggesting the company is currently undervalued.
Following this transaction, Grassadonia retains ownership of 546,712 shares. According to the filing, the sale was made to cover income tax withholding obligations related to the vesting of restricted stock units. The company maintains strong liquidity with a current ratio of 2.33, and InvestingPro data shows 8 additional key insights about Block’s financial health and market position available to subscribers.
In other recent news, Block Inc. has been the focus of several analyst updates, reflecting varying perspectives on the company’s future performance. Bernstein analysts recently adjusted their outlook on Block, reducing the price target from $100 to $85 while maintaining an Outperform rating. They highlighted potential growth drivers for 2025, including increased Gross Payment Volume (GPV) and operational efficiency gains. Meanwhile, CLSA upgraded Block’s stock to High-Conviction Outperform, maintaining a $112 price target, citing early success in growth initiatives and a strong value proposition during economic challenges. BMO Capital Markets also maintained an Outperform rating with an $89 price target, noting significant cost savings from recent layoffs and potential boosts to adjusted operating income. Keefe, Bruyette & Woods reaffirmed their Outperform rating with an $80 price target, suggesting that workforce reductions could increase investment flexibility for sales and marketing efforts. Lastly, KeyBanc Capital Markets lowered Block’s price target to $85, maintaining an Overweight rating, due to a softer revenue outlook for small and medium-sized businesses and valuation discrepancies compared to peers. These developments underscore the diverse analyst opinions on Block’s strategic and financial trajectory.
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