Blackhawk Network Holdings, Inc. (NASDAQ:HAWK) was upgraded by Zacks Investment Research from a “hold” rating to a “strong-buy” rating in a research report issued on Tuesday. The brokerage presently has a $51.00 price objective on the credit services provider’s stock. Zacks Investment Research‘s price target suggests a potential upside of 12.33% from the company’s current price.

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. “

HAWK has been the topic of a number of other reports. BidaskClub upgraded shares of Blackhawk Network Holdings from a “hold” rating to a “buy” rating in a report on Thursday, June 29th. TheStreet cut shares of Blackhawk Network Holdings from a “b-” rating to a “c” rating in a report on Tuesday, June 20th. Citigroup Inc. upgraded shares of Blackhawk Network Holdings from a “neutral” rating to a “buy” rating and upped their price target for the stock from $39.00 to $47.00 in a report on Friday, May 19th. Mizuho assumed coverage on shares of Blackhawk Network Holdings in a report on Tuesday, June 27th. They issued a “buy” rating and a $50.00 price target on the stock. Finally, Jefferies Group LLC restated a “buy” rating and issued a $53.00 price target (up from $49.00) on shares of Blackhawk Network Holdings in a report on Monday. Four equities research analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $45.14.

Shares of Blackhawk Network Holdings (NASDAQ:HAWK) traded up 1.45% during midday trading on Tuesday, reaching $45.40. 1,092,896 shares of the company’s stock were exchanged. Blackhawk Network Holdings has a 12-month low of $28.88 and a 12-month high of $46.70. The stock’s market cap is $2.56 billion. The stock’s 50 day moving average is $43.11 and its 200-day moving average is $39.93.

Blackhawk Network Holdings (NASDAQ:HAWK) last posted its quarterly earnings results on Wednesday, July 19th. The credit services provider reported $0.12 EPS for the quarter, topping the Zacks’ consensus estimate of $0.05 by $0.07. The firm had revenue of $463.10 million for the quarter, compared to analysts’ expectations 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 revenue for the quarter was up 18.4% on a year-over-year basis. During the same period in the prior year, the business posted $0.13 earnings per share. On average, equities analysts expect that Blackhawk Network Holdings will post $1.68 EPS for the current year.

COPYRIGHT VIOLATION WARNING: This report was reported by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are reading this report on another website, it was illegally copied and reposted in violation of US & international trademark and copyright laws. The original version of this report can be accessed at https://www.thecerbatgem.com/2017/07/25/blackhawk-network-holdings-inc-hawk-lifted-to-strong-buy-at-zacks-investment-research.html.

In other Blackhawk Network Holdings news, Director Robert B. Henske bought 3,500 shares of the company’s stock in a transaction on Wednesday, May 3rd. The shares were bought at an average cost of $41.57 per share, for a total transaction of $145,495.00. Following the acquisition, the director now directly owns 4,500 shares in the company, valued at $187,065. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, General Counsel Kirsten E. Richesson sold 21,779 shares of the stock in a transaction dated Wednesday, May 3rd. The stock was sold at an average price of $41.00, for a total transaction of $892,939.00. Following the transaction, the general counsel now owns 26,136 shares in the company, valued at $1,071,576. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 77,153 shares of company stock worth $3,198,121. 3.80% of the stock is owned by company insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Wells Fargo & Company MN boosted its position in shares of Blackhawk Network Holdings by 0.3% in the first quarter. Wells Fargo & Company MN now owns 550,291 shares of the credit services provider’s stock valued at $22,342,000 after buying an additional 1,721 shares during the last quarter. Eidelman Virant Capital boosted its position in shares of Blackhawk Network Holdings by 6.5% in the first quarter. Eidelman Virant Capital now owns 75,500 shares of the credit services provider’s stock valued at $3,065,000 after buying an additional 4,600 shares during the last quarter. Russell Investments Group Ltd. boosted its position in shares of Blackhawk Network Holdings by 108.2% in the first quarter. Russell Investments Group Ltd. now owns 180,735 shares of the credit services provider’s stock valued at $7,338,000 after buying an additional 93,915 shares during the last quarter. River Road Asset Management LLC boosted its position in shares of Blackhawk Network Holdings by 12.1% in the first quarter. River Road Asset Management LLC now owns 1,670,092 shares of the credit services provider’s stock valued at $67,806,000 after buying an additional 180,536 shares during the last quarter. Finally, First Manhattan Co. boosted its position in shares of Blackhawk Network Holdings by 1.8% in the first quarter. First Manhattan Co. now owns 32,754 shares of the credit services provider’s stock valued at $988,000 after buying an additional 582 shares during the last quarter. Institutional investors own 99.65% of the company’s stock.

Blackhawk Network Holdings Company Profile

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.

Analyst Recommendations for Blackhawk Network Holdings (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.