Blackhawk Network Holdings (HAWK) – Research Analysts’ Recent Ratings Updates

Blackhawk Network Holdings (NASDAQ: HAWK) recently received a number of ratings updates from brokerages and research firms:

  • 7/25/2017 – Blackhawk Network Holdings was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating.
  • 7/25/2017 – Blackhawk Network Holdings was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “strong-buy” rating. They now have a $51.00 price target on the stock. According to Zacks, “Blackhawk Network Holdings, Inc. is a provider of prepaid and financial payments products for consumers and businesses. The company distributes gift cards, prepaid handsets and prepaid financial services products. Blackhawk Network Holdings, Inc. is headquartered in Pleasanton, California. “
  • 7/24/2017 – Blackhawk Network Holdings had its “buy” rating reaffirmed by analysts at Jefferies Group LLC. They now have a $53.00 price target on the stock, up previously from $49.00.
  • 7/22/2017 – Blackhawk Network Holdings had its “buy” rating reaffirmed by analysts at Mizuho. They now have a $52.00 price target on the stock, up previously from $50.00.
  • 7/20/2017 – Blackhawk Network Holdings had its price target raised by analysts at Bank of America Corporation from $44.00 to $49.00. They now have a “neutral” rating on the stock.
  • 7/19/2017 – Blackhawk Network Holdings was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating.
  • 7/17/2017 – Blackhawk Network Holdings had its “buy” rating reaffirmed by analysts at Citigroup Inc.. They now have a $47.00 price target on the stock.
  • 7/4/2017 – Blackhawk Network Holdings was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “Blackhawk Network Holdings, Inc. is a provider of prepaid and financial payments products for consumers and businesses. The company distributes gift cards, prepaid handsets and prepaid financial services products. Blackhawk Network Holdings, Inc. is headquartered in Pleasanton, California. “
  • 6/29/2017 – Blackhawk Network Holdings was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating.
  • 6/28/2017 – Blackhawk Network Holdings was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Blackhawk Network Holdings, Inc. is a provider of prepaid and financial payments products for consumers and businesses. The company distributes gift cards, prepaid handsets and prepaid financial services products. Blackhawk Network Holdings, Inc. is headquartered in Pleasanton, California. “
  • 6/28/2017 – Blackhawk Network Holdings was upgraded by analysts at BMO Capital Markets from a “market perform” rating to an “outperform” rating. They now have a $50.00 price target on the stock, up previously from $40.00.
  • 6/27/2017 – Blackhawk Network Holdings is now covered by analysts at Mizuho. They set a “buy” rating and a $50.00 price target on the stock.
  • 6/21/2017 – Blackhawk Network Holdings was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating.
  • 6/21/2017 – Blackhawk Network Holdings was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Blackhawk Network Holdings, Inc. is a provider of prepaid and financial payments products for consumers and businesses. The company distributes gift cards, prepaid handsets and prepaid financial services products. Blackhawk Network Holdings, Inc. is headquartered in Pleasanton, California. “
  • 6/20/2017 – Blackhawk Network Holdings was downgraded by analysts at TheStreet from a “b-” rating to a “c” rating.
  • 6/15/2017 – Blackhawk Network Holdings was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Blackhawk Network Holdings, Inc. is a provider of prepaid and financial payments products for consumers and businesses. The company distributes gift cards, prepaid handsets and prepaid financial services products. Blackhawk Network Holdings, Inc. is headquartered in Pleasanton, California. “

Shares of Blackhawk Network Holdings, Inc. (NASDAQ:HAWK) traded down 0.44% during mid-day trading on Wednesday, reaching $45.20. The company’s stock had a trading volume of 447,187 shares. The firm’s market cap is $2.55 billion. Blackhawk Network Holdings, Inc. has a one year low of $28.88 and a one year high of $46.70. The firm’s 50 day moving average is $43.11 and its 200 day moving average is $39.93.

Blackhawk Network Holdings (NASDAQ:HAWK) last announced its quarterly earnings data on Wednesday, July 19th. The credit services provider reported $0.12 earnings per share for the quarter, beating analysts’ consensus estimates of $0.05 by $0.07. The firm had revenue of $463.10 million for the quarter, compared to analyst estimates of $447.43 million. Blackhawk Network Holdings had a negative net margin of 0.01% and a positive return on equity of 5.53%. The business’s quarterly revenue was up 18.4% compared to the same quarter last year. During the same period in the previous year, the company earned $0.13 earnings per share. On average, equities analysts anticipate that Blackhawk Network Holdings, Inc. will post $1.68 earnings per share for the current fiscal year.

In related news, Director Jeffrey H. Fox acquired 2,775 shares of the company’s stock in a transaction dated Friday, May 5th. The shares were purchased at an average cost of $41.64 per share, with a total value of $115,551.00. Following the completion of the acquisition, the director now directly owns 2,775 shares of the company’s stock, valued at $115,551. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Jerry N. Ulrich sold 30,000 shares of the business’s stock in a transaction on Wednesday, May 10th. The shares were sold at an average price of $41.90, for a total transaction of $1,257,000.00. The disclosure for this sale can be found here. Insiders have sold 77,153 shares of company stock worth $3,198,121 over the last three months. Corporate insiders own 3.80% of the company’s stock.

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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