Media coverage about Blackhawk Network Holdings (NASDAQ:HAWK) has been trending somewhat positive this week, Accern reports. The research firm rates the sentiment of press coverage by reviewing more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Blackhawk Network Holdings earned a news sentiment score of 0.25 on Accern’s scale. Accern also gave media coverage about the credit services provider an impact score of 71 out of 100, meaning that recent press coverage is likely to have an impact on the company’s share price in the near future.
Here are some of the news headlines that may have effected Accern’s analysis:
- Blackhawk Network Holdings’ (HAWK) “Buy” Rating Reaffirmed at Citigroup Inc. (americanbankingnews.com)
- Blackhawk Network Holdings, Inc. (NASDAQ:HAWK) Set to Announce Quarterly Earnings on Wednesday (americanbankingnews.com)
- Blackhawk Network Holdings, Inc. (HAWK) Stake Cut by Atria Investments LLC (cote-ivoire.com)
- Zacks: Analysts Anticipate Blackhawk Network Holdings, Inc. (HAWK) Will Post Quarterly Sales of $214.46 Million (americanbankingnews.com)
- Blackhawk Network Holdings, Inc. breached its 50 day moving average in a Bearish Manner : HAWK-US : July 14, 2017 (finance.yahoo.com)
Shares of Blackhawk Network Holdings (NASDAQ HAWK) opened at 43.55 on Tuesday. Blackhawk Network Holdings has a 1-year low of $28.88 and a 1-year high of $44.90. The company’s 50 day moving average is $42.60 and its 200-day moving average is $39.26. The stock’s market capitalization is $2.45 billion.
Blackhawk Network Holdings (NASDAQ:HAWK) last posted its earnings results on Wednesday, April 26th. The credit services provider reported ($0.08) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.15) by $0.07. The firm had revenue of $407.20 million for the quarter, compared to analyst estimates of $379.13 million. Blackhawk Network Holdings had a positive return on equity of 8.36% and a negative net margin of 0.27%. The company’s revenue for the quarter was up 11.1% on a year-over-year basis. During the same period in the previous year, the company posted $0.46 earnings per share. Equities analysts anticipate that Blackhawk Network Holdings will post $1.65 earnings per share for the current fiscal year.
Several brokerages recently commented on HAWK. Deutsche Bank AG boosted their price target on shares of Blackhawk Network Holdings from $41.00 to $46.00 and gave the stock a “buy” rating in a report on Friday, April 28th. Mizuho initiated coverage on shares of Blackhawk Network Holdings in a research note on Tuesday, June 27th. They set a “buy” rating and a $50.00 target price on the stock. Zacks Investment Research raised shares of Blackhawk Network Holdings from a “sell” rating to a “hold” rating in a research note on Wednesday, April 5th. First Analysis boosted their price target on shares of Blackhawk Network Holdings from $44.00 to $47.00 and gave the company an “overweight” rating in a research report on Thursday, March 23rd. Finally, TheStreet cut shares of Blackhawk Network Holdings from a “b-” rating to a “c” rating in a research report on Tuesday, June 20th. Five equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $42.00.
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In related news, insider Roche L. Talbott Hoskins sold 20,000 shares of Blackhawk Network Holdings stock in a transaction dated Wednesday, May 17th. The stock was sold at an average price of $41.25, for a total value of $825,000.00. Following the sale, the insider now owns 240,931 shares of the company’s stock, valued at $9,938,403.75. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Jeffrey H. Fox purchased 2,775 shares of Blackhawk Network Holdings stock in a transaction that occurred on Friday, May 5th. The shares were acquired at an average price of $41.64 per share, with a total value of $115,551.00. Following the acquisition, the director now directly owns 2,775 shares of the company’s stock, valued at approximately $115,551. The disclosure for this purchase can be found here. Insiders sold a total of 77,153 shares of company stock worth $3,198,121 in the last three months. Company insiders own 3.80% of the company’s stock.
About Blackhawk Network Holdings
Blackhawk Network Holdings, Inc is a prepaid payment network. The Company operates through three segments: U.S. Retail, International, and Incentives & Rewards. The U.S. Retail segment is engaged in the sale of prepaid products to consumers at its retail distribution partners and online and the sale of telecom handsets to retail distribution partners for resale to consumers.
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