Blackhawk Network (HAWK) Stock Price Up 7.1%
Blackhawk Network Holdings Inc (NASDAQ:HAWK)’s share price rose 7.1% during trading on Thursday . The company traded as high as $36.00 and last traded at $36.00. Approximately 1,816,996 shares changed hands during mid-day trading, an increase of 39% from the average daily volume of 1,308,932 shares. The stock had previously closed at $33.60.
HAWK has been the subject of a number of recent research reports. Zacks Investment Research downgraded shares of Blackhawk Network from a “hold” rating to a “sell” rating in a report on Thursday, October 19th. BidaskClub downgraded shares of Blackhawk Network from a “hold” rating to a “sell” rating in a report on Thursday, December 7th. UBS Group downgraded shares of Blackhawk Network from an “outperform” rating to a “market perform” rating in a report on Thursday, October 12th. Bank of America reduced their target price on shares of Blackhawk Network from $50.00 to $46.00 and set a “neutral” rating for the company in a report on Thursday, October 12th. Finally, Deutsche Bank reiterated a “buy” rating and issued a $51.00 target price on shares of Blackhawk Network in a report on Friday, November 3rd. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and nine have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $47.17.
The stock has a market capitalization of $2,045.27, a P/E ratio of 63.16, a price-to-earnings-growth ratio of 3.61 and a beta of 0.48. The company has a debt-to-equity ratio of 0.74, a current ratio of 0.86 and a quick ratio of 0.86.
Hedge funds have recently modified their holdings of the company. BB&T Securities LLC purchased a new stake in shares of Blackhawk Network during the third quarter worth about $204,000. Aperio Group LLC purchased a new stake in shares of Blackhawk Network during the third quarter worth about $205,000. Prudential Financial Inc. purchased a new stake in shares of Blackhawk Network during the second quarter worth about $207,000. Laurion Capital Management LP purchased a new stake in shares of Blackhawk Network during the second quarter worth about $262,000. Finally, Fox Run Management L.L.C. purchased a new stake in shares of Blackhawk Network during the third quarter worth about $272,000. Institutional investors and hedge funds own 96.68% of the company’s stock.
TRADEMARK VIOLATION NOTICE: This news story was originally reported by The Cerbat Gem and is owned by of The Cerbat Gem. If you are viewing this news story on another domain, it was copied illegally and republished in violation of US and international trademark & copyright laws. The legal version of this news story can be viewed at https://www.thecerbatgem.com/2018/01/06/blackhawk-network-hawk-stock-price-up-7-1.html.
About Blackhawk Network
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.
Receive News & Ratings for Blackhawk Network Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Blackhawk Network and related companies with MarketBeat.com's FREE daily email newsletter.