Blackhawk Network Holdings Inc. (NASDAQ:HAWK) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research report issued on Wednesday.

According to Zacks, “Blackhawk Network Holdings, Inc. is a provider of prepaid and financial payments products for consumers and businesses. The company distributes gift cards, prepaid handsets and prepaid financial services products. Blackhawk Network Holdings, Inc. is headquartered in Pleasanton, California. “

Other equities research analysts also recently issued research reports about the company. Bank of America Corp. upgraded Blackhawk Network Holdings from a “neutral” rating to a “buy” rating and set a $41.00 target price for the company in a research report on Friday, July 22nd. Credit Agricole SA upgraded Blackhawk Network Holdings from an “underperform” rating to an “outperform” rating and boosted their target price for the stock from $34.00 to $36.00 in a research report on Wednesday. They noted that the move was a valuation call. Three research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. The company has an average rating of “Buy” and an average target price of $43.63.

Analyst Recommendations for Blackhawk Network Holdings (NASDAQ:HAWK)

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Shares of Blackhawk Network Holdings (NASDAQ:HAWK) traded up 1.48% during midday trading on Wednesday, reaching $30.87. The company’s stock had a trading volume of 1,114,141 shares. Blackhawk Network Holdings has a 52-week low of $28.88 and a 52-week high of $48.40. The stock has a 50 day moving average price of $32.76 and a 200-day moving average price of $33.43. The company has a market capitalization of $1.74 billion, a price-to-earnings ratio of 76.41 and a beta of 0.64.

Blackhawk Network Holdings (NASDAQ:HAWK) last released its earnings results on Tuesday, July 19th. The company reported $0.37 earnings per share for the quarter, topping analysts’ consensus estimates of $0.24 by $0.13. Blackhawk Network Holdings had a return on equity of 15.40% and a net margin of 1.24%. During the same quarter in the prior year, the company earned $0.38 earnings per share. Equities research analysts expect that Blackhawk Network Holdings will post $1.57 EPS for the current year.

In other Blackhawk Network Holdings news, Director Arun Sarin sold 25,000 shares of the business’s stock in a transaction dated Thursday, July 28th. The stock was sold at an average price of $35.92, for a total value of $898,000.00. Following the completion of the transaction, the director now directly owns 40,529 shares of the company’s stock, valued at $1,455,801.68. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 3.24% of the company’s stock.

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. FMR LLC boosted its position in Blackhawk Network Holdings by 0.6% in the second quarter. FMR LLC now owns 8,420,818 shares of the company’s stock worth $282,013,000 after buying an additional 50,700 shares during the last quarter. Standard Life Investments LTD boosted its position in Blackhawk Network Holdings by 85.7% in the second quarter. Standard Life Investments LTD now owns 4,800,778 shares of the company’s stock worth $160,874,000 after buying an additional 2,214,977 shares during the last quarter. Vanguard Group Inc. boosted its position in Blackhawk Network Holdings by 2.2% in the second quarter. Vanguard Group Inc. now owns 4,331,994 shares of the company’s stock worth $145,078,000 after buying an additional 94,881 shares during the last quarter. P2 Capital Partners LLC boosted its position in Blackhawk Network Holdings by 22.6% in the second quarter. P2 Capital Partners LLC now owns 2,300,000 shares of the company’s stock worth $77,027,000 after buying an additional 424,509 shares during the last quarter. Finally, Bloom Tree Partners LLC boosted its position in Blackhawk Network Holdings by 38.4% in the first quarter. Bloom Tree Partners LLC now owns 1,721,218 shares of the company’s stock worth $59,038,000 after buying an additional 477,889 shares during the last quarter. 91.35% of the stock is owned by hedge funds and other institutional investors.

About Blackhawk Network Holdings

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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