Several brokerages have updated their recommendations and price targets on shares of Blackhawk Network Holdings (NASDAQ: HAWK) in the last few weeks:

  • 7/31/2017 – Blackhawk Network Holdings was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating.
  • 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. “

Blackhawk Network Holdings, Inc. (NASDAQ:HAWK) traded down 1.75% during trading on Tuesday, reaching $42.00. The company had a trading volume of 737,992 shares. Blackhawk Network Holdings, Inc. has a 12-month low of $28.88 and a 12-month high of $46.70. The firm’s 50 day moving average price is $43.31 and its 200 day moving average price is $40.29. The firm’s market capitalization is $2.38 billion.

Blackhawk Network Holdings (NASDAQ:HAWK) last issued its earnings results on Wednesday, July 19th. The credit services provider reported $0.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.05 by $0.07. Blackhawk Network Holdings had a positive return on equity of 5.49% and a negative net margin of 0.01%. The business had revenue of $463.10 million during the quarter, compared to analysts’ expectations of $447.43 million. During the same quarter in the prior year, the firm earned $0.13 EPS. The business’s revenue for the quarter was up 18.4% compared to the same quarter last year. Analysts anticipate that Blackhawk Network Holdings, Inc. will post $1.68 earnings per share for the current year.

In other Blackhawk Network Holdings news, insider Roche L. Talbott Hoskins sold 20,000 shares of the company’s 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 completion of the transaction, the insider now owns 240,931 shares of the company’s stock, valued at approximately $9,938,403.75. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, SVP David C. Tate sold 18,669 shares of the company’s stock in a transaction dated Wednesday, August 2nd. The stock was sold at an average price of $42.88, for a total value of $800,526.72. The disclosure for this sale can be found here. In the last ninety days, insiders sold 146,212 shares of company stock valued at $6,380,465. 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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