Blackhawk Network Holdings, Inc. (NASDAQ:HAWK)‘s stock had its “buy” rating reaffirmed by Mizuho in a research report issued on Saturday. They presently have a $52.00 price objective on the credit services provider’s stock, up from their previous price objective of $50.00. Mizuho’s price objective suggests a potential upside of 15.56% from the company’s current price.

Several other brokerages also recently weighed in on HAWK. Zacks Investment Research raised shares of Blackhawk Network Holdings from a “sell” rating to a “hold” rating in a research note on Wednesday, April 19th. BMO Capital Markets raised shares of Blackhawk Network Holdings from a “market perform” rating to an “outperform” rating and upped their target price for the stock from $40.00 to $50.00 in a research note on Wednesday, June 28th. Citigroup Inc. reaffirmed a “buy” rating and set a $47.00 target price on shares of Blackhawk Network Holdings in a research note on Monday, July 17th. Bank of America Corporation upped their target price on shares of Blackhawk Network Holdings from $44.00 to $49.00 and gave the stock a “neutral” rating in a research note on Thursday. Finally, BidaskClub downgraded shares of Blackhawk Network Holdings from a “buy” rating to a “hold” rating in a research note on Wednesday. Six equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $43.21.

Shares of Blackhawk Network Holdings (NASDAQ HAWK) traded down 2.39% during trading on Friday, reaching $45.00. 849,023 shares of the company traded hands. The company’s market capitalization is $2.53 billion. Blackhawk Network Holdings has a 52 week low of $28.88 and a 52 week high of $46.70. The firm’s 50 day moving average price is $43.09 and its 200-day moving average price is $39.83.

Blackhawk Network Holdings (NASDAQ:HAWK) last announced its earnings results on Wednesday, July 19th. The credit services provider reported $0.12 earnings per share for the quarter, topping the consensus estimate of $0.05 by $0.07. Blackhawk Network Holdings had a negative net margin of 0.01% and a positive return on equity of 5.53%. The firm had revenue of $463.10 million for the quarter, compared to the consensus estimate of $447.43 million. During the same period in the prior year, the firm earned $0.13 EPS. The firm’s revenue for the quarter was up 18.4% on a year-over-year basis. Equities analysts anticipate that Blackhawk Network Holdings will post $1.68 EPS for the current fiscal year.

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In other Blackhawk Network Holdings news, insider Roche L. Talbott Hoskins sold 20,000 shares of the stock in a transaction that occurred on Wednesday, May 17th. The shares were sold at an average price of $41.25, for a total value of $825,000.00. Following the sale, the insider now directly owns 240,931 shares of the company’s stock, valued at approximately $9,938,403.75. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Jeffrey H. Fox acquired 2,775 shares of the company’s stock in a transaction on Friday, May 5th. The stock was purchased at an average cost of $41.64 per share, for a total transaction of $115,551.00. Following the completion of the transaction, the director now owns 2,775 shares in the company, valued at approximately $115,551. The disclosure for this purchase can be found here. Over the last three months, insiders sold 77,153 shares of company stock worth $3,198,121. Insiders own 3.80% of the company’s stock.

Large investors have recently made changes to their positions in the stock. Ladenburg Thalmann Financial Services Inc. increased its stake in shares of Blackhawk Network Holdings by 1.3% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 2,675 shares of the credit services provider’s stock worth $100,000 after buying an additional 35 shares in the last quarter. Prescott Group Capital Management L.L.C. increased its stake in shares of Blackhawk Network Holdings by 0.3% in the first quarter. Prescott Group Capital Management L.L.C. now owns 90,279 shares of the credit services provider’s stock worth $3,665,000 after buying an additional 279 shares in the last quarter. Atria Investments LLC increased its stake in shares of Blackhawk Network Holdings by 3.0% in the first quarter. Atria Investments LLC now owns 10,428 shares of the credit services provider’s stock worth $423,000 after buying an additional 308 shares in the last quarter. Envestnet Asset Management Inc. increased its stake in shares of Blackhawk Network Holdings by 15.1% in the fourth quarter. Envestnet Asset Management Inc. now owns 3,909 shares of the credit services provider’s stock worth $148,000 after buying an additional 512 shares in the last quarter. Finally, First Manhattan Co. increased its stake in shares of Blackhawk Network Holdings by 1.8% in the first quarter. First Manhattan Co. now owns 32,754 shares of the credit services provider’s stock worth $988,000 after buying an additional 582 shares in the last quarter. 99.59% 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 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.

Analyst Recommendations for Blackhawk Network Holdings (NASDAQ:HAWK)

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