Blackhawk Network Holdings Inc. (NASDAQ:HAWK) was downgraded by Zacks Investment Research from a “hold” rating to a “strong sell” rating in a research report issued to clients and investors on Tuesday.

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. “

A number of other research firms also recently commented on HAWK. Jefferies Group reiterated a “buy” rating and issued a $43.00 target price on shares of Blackhawk Network Holdings in a research report on Tuesday. Bank of America Corp. upgraded Blackhawk Network Holdings from a “neutral” rating to a “buy” rating and set a $41.00 target price on the stock in a research report on Friday, July 22nd. Wedbush reissued a “neutral” rating and set a $30.00 price objective on shares of Blackhawk Network Holdings in a research note on Saturday. Finally, Credit Agricole SA raised Blackhawk Network Holdings from an “underperform” rating to an “outperform” rating and boosted their price objective for the stock from $34.00 to $36.00 in a research note on Wednesday, September 21st. They noted that the move was a valuation call. One research analyst has rated the stock with a sell rating, three have given a hold rating and seven have issued a buy rating to the company’s stock. Blackhawk Network Holdings presently has an average rating of “Buy” and an average target price of $42.75.

Analyst Recommendations for Blackhawk Network Holdings (NASDAQ:HAWK)

Blackhawk Network Holdings (NASDAQ:HAWK) traded up 4.35% during midday trading on Tuesday, reaching $36.00. The company’s stock had a trading volume of 1,060,791 shares. The firm has a market cap of $2.03 billion, a price-to-earnings ratio of 89.11 and a beta of 0.67. Blackhawk Network Holdings has a 12-month low of $28.88 and a 12-month high of $48.40. The company’s 50-day moving average is $31.95 and its 200 day moving average is $33.16.

Blackhawk Network Holdings (NASDAQ:HAWK) last posted its earnings results on Tuesday, October 11th. The company reported $0.14 EPS for the quarter, topping analysts’ consensus estimates of $0.10 by $0.04. The company had revenue of $361.60 million for the quarter. Blackhawk Network Holdings had a return on equity of 13.38% and a net margin of 1.15%. Blackhawk Network Holdings’s quarterly revenue was up 2.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.35 earnings per share. Equities analysts forecast that Blackhawk Network Holdings will post $1.57 earnings per share for the current year.

In other news, Director Arun Sarin sold 25,000 shares of the company’s stock in a transaction that occurred on Thursday, July 28th. The stock was sold at an average price of $35.92, for a total transaction of $898,000.00. Following the transaction, the director now owns 40,529 shares of the company’s stock, valued at $1,455,801.68. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 3.24% of the company’s stock.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in HAWK. DekaBank Deutsche Girozentrale boosted its position in shares of Blackhawk Network Holdings by 37.6% in the second quarter. DekaBank Deutsche Girozentrale now owns 3,333 shares of the company’s stock valued at $109,000 after buying an additional 911 shares during the period. BNP Paribas Arbitrage SA boosted its position in shares of Blackhawk Network Holdings by 113.6% in the third quarter. BNP Paribas Arbitrage SA now owns 4,645 shares of the company’s stock valued at $140,000 after buying an additional 2,470 shares during the period. US Bancorp DE boosted its position in shares of Blackhawk Network Holdings by 94.7% in the second quarter. US Bancorp DE now owns 5,800 shares of the company’s stock valued at $194,000 after buying an additional 2,821 shares during the period. Penserra Capital Management LLC boosted its position in shares of Blackhawk Network Holdings by 22.6% in the second quarter. Penserra Capital Management LLC now owns 6,392 shares of the company’s stock valued at $214,000 after buying an additional 1,178 shares during the period. Finally, HBK Investments L P boosted its position in shares of Blackhawk Network Holdings by 10.3% in the first quarter. HBK Investments L P now owns 6,400 shares of the company’s stock valued at $220,000 after buying an additional 600 shares during the period. 91.34% of the stock is currently owned by hedge funds and other institutional investors.

About Blackhawk Network Holdings

Blackhawk Network Holdings, Inc is a prepaid payment network. The Company offers a range of prepaid gift, telecom and debit cards, in physical and electronic forms, as well as related prepaid products and payment services. The Company’s segments are US Retail, International Retail and Incentives & Rewards.

5 Day Chart for NASDAQ:HAWK

Receive News & Stock Ratings for Blackhawk Network Holdings Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Blackhawk Network Holdings Inc. and related stocks with our FREE daily email newsletter.