Somewhat Favorable News Coverage Somewhat Unlikely to Affect Blackhawk Network Holdings (HAWK) Share Price
Media headlines about Blackhawk Network Holdings (NASDAQ:HAWK) have been trending somewhat positive this week, Accern Sentiment Analysis reports. Accern scores the sentiment of media coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Blackhawk Network Holdings earned a media sentiment score of 0.19 on Accern’s scale. Accern also gave news articles about the credit services provider an impact score of 46.1976900645901 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
Here are some of the media stories that may have impacted Accern Sentiment Analysis’s rankings:
- Blackhawk Network Acquires CashStar For Digital Gift Cards – Seeking Alpha (seekingalpha.com)
- Blackhawk Network Acquires CashStar, for $175M (finsmes.com)
- [$$] Credit Suisse Updates Gartner Earnings Estimate (finance.yahoo.com)
- Blackhawk Network Holdings’ (HAWK) “Buy” Rating Reaffirmed at Craig Hallum (americanbankingnews.com)
- Blackhawk Network Holdings Inc (HAWK) RMI Reading Nearing Potential Peak – Evergreen Caller (evergreencaller.com)
Several brokerages have issued reports on HAWK. Citigroup Inc. raised shares of Blackhawk Network Holdings from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $39.00 to $47.00 in a research report on Friday, May 19th. BidaskClub downgraded shares of Blackhawk Network Holdings from a “buy” rating to a “hold” rating in a report on Wednesday, June 21st. Zacks Investment Research raised shares of Blackhawk Network Holdings from a “sell” rating to a “hold” rating in a report on Tuesday, July 4th. Jefferies Group LLC reaffirmed a “buy” rating and issued a $53.00 target price (up previously from $49.00) on shares of Blackhawk Network Holdings in a report on Monday, July 24th. Finally, Bank of America Corporation lifted their target price on shares of Blackhawk Network Holdings from $44.00 to $49.00 and gave the company a “neutral” rating in a report on Thursday, July 20th. Five research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $45.71.
Blackhawk Network Holdings (HAWK) opened at 45.20 on Tuesday. The firm’s market cap is $2.56 billion. Blackhawk Network Holdings has a 12 month low of $28.88 and a 12 month high of $46.70. The firm’s 50-day moving average is $43.50 and its 200-day moving average is $41.22.
Blackhawk Network Holdings (NASDAQ:HAWK) last posted its quarterly earnings data on Wednesday, July 19th. The credit services provider reported $0.12 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate 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 quarter last year, the firm posted $0.13 EPS. The business’s revenue for the quarter was up 18.4% on a year-over-year basis. Equities analysts expect that Blackhawk Network Holdings will post $1.68 earnings per share for the current year.
In other Blackhawk Network Holdings news, CFO Jerry N. Ulrich sold 75,000 shares of the company’s stock in a transaction dated Wednesday, July 26th. The shares were sold at an average price of $45.15, for a total transaction of $3,386,250.00. Following the completion of the sale, the chief financial officer now directly owns 63,280 shares of the company’s stock, valued at $2,857,092. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Joan B. Lockie sold 2,543 shares of the company’s stock in a transaction dated Monday, July 31st. The shares were sold at an average price of $43.92, for a total transaction of $111,688.56. Following the sale, the insider now directly owns 17,168 shares of the company’s stock, valued at $754,018.56. The disclosure for this sale can be found here. Insiders have sold 96,212 shares of company stock valued at $4,298,465 over the last ninety days. Insiders own 3.80% of the company’s stock.
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About Blackhawk Network Holdings
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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