Blackhawk Network Holdings, Inc. (NASDAQ:HAWK)‘s stock had its “buy” rating reaffirmed by investment analysts at Mizuho in a report issued on Saturday, July 22nd. They presently have a $52.00 target price on the credit services provider’s stock, up from their prior target price of $50.00. Mizuho’s target price points to a potential upside of 21.78% from the stock’s previous close.

Other analysts have also issued reports about the stock. Citigroup Inc. raised shares of Blackhawk Network Holdings from a “neutral” rating to a “buy” rating and upped their price objective for the company from $39.00 to $47.00 in a research note on Friday, May 19th. BidaskClub lowered shares of Blackhawk Network Holdings from a “buy” rating to a “hold” rating in a research note on Wednesday, June 21st. Zacks Investment Research lowered shares of Blackhawk Network Holdings from a “hold” rating to a “sell” rating in a research note on Thursday, June 15th. Bank of America Corporation upped their price objective on shares of Blackhawk Network Holdings from $44.00 to $49.00 and gave the company a “neutral” rating in a research note on Thursday, July 20th. Finally, BMO Capital Markets upgraded Blackhawk Network Holdings from a “market perform” rating to an “outperform” rating and upped their target price for the company from $40.00 to $50.00 in a report on Wednesday, June 28th. Five equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $45.14.

Blackhawk Network Holdings (NASDAQ:HAWK) traded up 0.71% on Friday, reaching $42.70. 434,026 shares of the company were exchanged. The stock has a 50-day moving average price of $43.41 and a 200 day moving average price of $40.74. The stock’s market capitalization is $2.42 billion. Blackhawk Network Holdings has a 52 week low of $28.88 and a 52 week high of $46.70.

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

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In other Blackhawk Network Holdings news, CFO Jerry N. Ulrich sold 75,000 shares of the stock in a transaction that occurred on Wednesday, July 26th. The stock was sold at an average price of $45.15, for a total transaction of $3,386,250.00. Following the transaction, the chief financial officer now owns 63,280 shares in the company, valued at $2,857,092. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP David C. Tate sold 18,669 shares of the stock in a transaction that occurred on Wednesday, August 2nd. The shares were 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. Insiders sold 96,212 shares of company stock worth $4,298,465 in the last 90 days. 3.80% of the stock is currently owned by corporate insiders.

Institutional investors have recently made changes to their positions in the stock. Strs Ohio increased its position in shares of Blackhawk Network Holdings by 38.9% in the second quarter. Strs Ohio now owns 2,500 shares of the credit services provider’s stock valued at $109,000 after buying an additional 700 shares during the period. Ladenburg Thalmann Financial Services Inc. increased its position in shares of Blackhawk Network Holdings by 1.3% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 2,675 shares of the credit services provider’s stock valued at $100,000 after buying an additional 35 shares during the period. Horrell Capital Management Inc. bought a new position in shares of Blackhawk Network Holdings during the second quarter valued at approximately $121,000. Envestnet Asset Management Inc. increased its position in shares of Blackhawk Network Holdings by 15.1% in the fourth quarter. Envestnet Asset Management Inc. now owns 3,909 shares of the credit services provider’s stock valued at $148,000 after buying an additional 512 shares during the period. Finally, Ameritas Investment Partners Inc. bought a new position in shares of Blackhawk Network Holdings during the first quarter valued at approximately $193,000. Institutional investors own 98.69% 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)

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