Insider Selling: Blackhawk Network Holdings CFO Sells 27,250 Shares of Stock (HAWK)
Blackhawk Network Holdings (NASDAQ:HAWK) CFO Jerry N. Ulrich sold 27,250 shares of the stock in a transaction dated Thursday, July 31st. The stock was sold at an average price of $28.00, for a total value of $763,000.00. Following the sale, the chief financial officer now directly owns 34,000 shares in the company, valued at approximately $952,000. The sale was disclosed in a legal filing with the SEC, which is available at this link.
A number of research firms have recently commented on HAWK. Analysts at Jefferies Group raised their price target on shares of Blackhawk Network Holdings from $27.00 to $32.00 in a research note on Monday, July 21st. They now have a “buy” rating on the stock. Separately, analysts at Citigroup Inc. initiated coverage on shares of Blackhawk Network Holdings in a research note on Friday, July 18th. They set a “buy” rating on the stock. Finally, analysts at Raymond James reiterated an “outperform” rating on shares of Blackhawk Network Holdings in a research note on Thursday, July 17th. They now have a $34.00 price target on the stock, up previously from $28.00. Eight research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $27.94.
Blackhawk Network Holdings (NASDAQ:HAWK) traded down 0.32% on Friday, hitting $28.25. 268,159 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 $29.73. The stock has a 50-day moving average of $27.27 and a 200-day moving average of $25.85. The company has a market cap of $1.493 billion and a price-to-earnings ratio of 28.57.
Blackhawk Network Holdings (NASDAQ:HAWK) last released its earnings data on Wednesday, July 16th. The company reported $0.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.06 by $0.11. The company had revenue of $283.90 million for the quarter, compared to the consensus estimate of $281.53 million. During the same quarter in the previous year, the company posted $0.16 earnings per share. The company’s revenue for the quarter was up 25.7% on a year-over-year basis. On average, analysts predict that Blackhawk Network Holdings will post $1.24 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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