Susquehanna Initiates Coverage on Blackhawk Network Holdings (HAWK)
Investment analysts at Susquehanna began coverage on shares of Blackhawk Network Holdings (NASDAQ:HAWK) in a note issued to investors on Thursday, TheFlyOnTheWall.com reports. The firm set a “negative” rating and a $20.00 price target on the stock. Susquehanna’s price objective suggests a potential downside of 13.57% from the stock’s previous close.
In other Blackhawk Network Holdings news, President Roche L. Talbott Hoskins sold 15,000 shares of Blackhawk Network Holdings stock on the open market in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of $23.01, for a total value of $345,150.00. The sale was disclosed in a filing with the SEC, which is available at this link.
Shares of Blackhawk Network Holdings (NASDAQ:HAWK) traded down 0.24% on Thursday, hitting $23.085. 22,916 shares of the company’s stock traded hands. Blackhawk Network Holdings has a one year low of $20.25 and a one year high of $27.23. The stock’s 50-day moving average is $23.10 and its 200-day moving average is $24.15. The company has a market cap of $1.200 billion and a P/E ratio of 28.82.
Blackhawk Network Holdings (NASDAQ:HAWK) last released its earnings data on Thursday, October 10th. The company reported $0.08 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.05 by $0.03. The company had revenue of $206.00 million for the quarter, compared to the consensus estimate of $210.94 million. The company’s revenue for the quarter was up 25.2% on a year-over-year basis. On average, analysts predict that Blackhawk Network Holdings will post $1.12 earnings per share for the current fiscal year.
Blackhawk Network Holdings, Inc, is a prepaid payment network utilizing technology to offer a range of gift cards, other prepaid products and payment services in the United States and 18 other countries.
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