Blackhawk Network Holdings Inc. (NASDAQ:HAWK) shares shot up 5.3% on Tuesday . The company traded as high as $30.69 and last traded at $30.58, with a volume of 576,631 shares changing hands. The stock had previously closed at $29.04.

A number of brokerages recently weighed in on HAWK. Zacks Investment Research downgraded shares of Blackhawk Network Holdings from a “strong-buy” rating to a “hold” rating in a research report on Friday, July 29th. Bank of America Corp. reiterated a “hold” rating and issued a $36.00 price target on shares of Blackhawk Network Holdings in a research report on Wednesday, July 20th. Three equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Blackhawk Network Holdings presently has an average rating of “Buy” and an average target price of $45.71.

The company’s 50 day moving average is $32.98 and its 200 day moving average is $33.46. The stock has a market cap of $1.72 billion, a PE ratio of 75.54 and a beta of 0.64.

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Blackhawk Network Holdings (NASDAQ:HAWK) last issued its quarterly earnings data on Tuesday, July 19th. The company reported $0.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.24 by $0.13. Blackhawk Network Holdings had a net margin of 1.24% and a return on equity of 15.40%. During the same period in the prior year, the company posted $0.38 EPS. Analysts anticipate that Blackhawk Network Holdings Inc. will post $1.57 earnings per share for the current fiscal year.

In other news, Director Arun Sarin sold 25,000 shares of Blackhawk Network Holdings stock in a transaction that occurred on Thursday, July 28th. The shares were sold at an average price of $35.92, for a total value of $898,000.00. Following the transaction, the director now owns 40,529 shares of the company’s stock, valued at approximately $1,455,801.68. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 3.24% of the stock is currently owned by insiders.

Hedge funds have recently added to or reduced their stakes in the company. ProShare Advisors LLC increased its stake in Blackhawk Network Holdings by 1.1% in the second quarter. ProShare Advisors LLC now owns 6,720 shares of the company’s stock valued at $225,000 after buying an additional 73 shares in the last quarter. LaSalle Street Capital Management LLC increased its stake in Blackhawk Network Holdings by 1.8% in the second quarter. LaSalle Street Capital Management LLC now owns 9,890 shares of the company’s stock valued at $331,000 after buying an additional 171 shares in the last quarter. Metropolitan Life Insurance Co. NY increased its stake in Blackhawk Network Holdings by 1.2% in the second quarter. Metropolitan Life Insurance Co. NY now owns 39,947 shares of the company’s stock valued at $1,338,000 after buying an additional 472 shares in the last quarter. HBK Investments L P increased its stake in Blackhawk Network Holdings by 10.3% in the first quarter. HBK Investments L P now owns 6,400 shares of the company’s stock valued at $220,000 after buying an additional 600 shares in the last quarter. Finally, Genesee Valley Trust Co. increased its stake in Blackhawk Network Holdings by 3.6% in the second quarter. Genesee Valley Trust Co. now owns 21,913 shares of the company’s stock valued at $734,000 after buying an additional 765 shares in the last quarter. 91.35% of the stock is currently owned by institutional investors.

Blackhawk Network Holdings Company Profile

Blackhawk Network Holdings, Inc is a prepaid payment network. The Company offers a range of prepaid gift, telecom and debit cards, in physical and electronic forms, as well as related prepaid products and payment services. The Company’s segments are US Retail, International Retail and Incentives & Rewards.

5 Day Chart for NASDAQ:HAWK

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