Blackhawk Network Holdings, Inc. (NASDAQ:HAWK) was upgraded by research analysts at BidaskClub from a “sell” rating to a “hold” rating in a report issued on Thursday.

Other equities analysts have also issued research reports about the stock. Citigroup Inc. upgraded shares of Blackhawk Network Holdings from a “neutral” rating to a “buy” rating and lifted their target price for the company from $39.00 to $47.00 in a report on Friday, May 19th. Zacks Investment Research lowered shares of Blackhawk Network Holdings from a “hold” rating to a “sell” rating in a report on Thursday, June 15th. Jefferies Group LLC restated a “buy” rating and set a $53.00 target price (up previously from $49.00) on shares of Blackhawk Network Holdings in a report on Monday, July 24th. Bank of America Corporation lifted their target price on shares of Blackhawk Network Holdings from $44.00 to $49.00 and gave the company a “neutral” rating in a report on Thursday, July 20th. Finally, Mizuho restated a “buy” rating and set a $52.00 target price (up previously from $50.00) on shares of Blackhawk Network Holdings in a report on Saturday, July 22nd. Five research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Blackhawk Network Holdings has a consensus rating of “Buy” and an average target price of $45.14.

Blackhawk Network Holdings (NASDAQ:HAWK) traded up 0.71% during mid-day trading on Thursday, hitting $42.70. The stock had a trading volume of 434,026 shares. The company’s market cap is $2.42 billion. The company has a 50 day moving average price of $43.41 and a 200-day moving average price of $40.74. Blackhawk Network Holdings has a one year low of $28.88 and a one year high of $46.70.

Blackhawk Network Holdings (NASDAQ:HAWK) last posted its earnings results on Wednesday, July 19th. The credit services provider reported $0.12 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.05 by $0.07. The business had revenue of $463.10 million for the quarter, compared to analyst estimates of $447.43 million. Blackhawk Network Holdings had a negative net margin of 0.01% and a positive return on equity of 5.49%. The business’s quarterly revenue was up 18.4% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.13 EPS. Equities analysts expect that Blackhawk Network Holdings will post $1.68 earnings per share for the current fiscal year.

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In other news, insider Joan B. Lockie sold 2,543 shares of the business’s stock in a transaction dated Monday, July 31st. The shares were sold at an average price of $43.92, for a total value of $111,688.56. Following the completion of the sale, the insider now owns 17,168 shares of the company’s stock, valued at approximately $754,018.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP David C. Tate sold 18,669 shares of the business’s stock in a transaction dated Wednesday, August 2nd. The stock was sold at an average price of $42.88, for a total transaction of $800,526.72. The disclosure for this sale can be found here. Insiders sold a total of 96,212 shares of company stock valued at $4,298,465 in the last three months. Insiders own 3.80% of the company’s stock.

Several large investors have recently added to or reduced their stakes in HAWK. First Trust Advisors LP increased its stake in Blackhawk Network Holdings by 26.4% in the first quarter. First Trust Advisors LP now owns 17,671 shares of the credit services provider’s stock valued at $717,000 after buying an additional 3,692 shares during the last quarter. Reinhart Partners Inc. increased its stake in Blackhawk Network Holdings by 48.3% in the first quarter. Reinhart Partners Inc. now owns 79,720 shares of the credit services provider’s stock valued at $3,237,000 after buying an additional 25,950 shares during the last quarter. Prescott Group Capital Management L.L.C. increased its stake in 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 valued at $3,665,000 after buying an additional 279 shares during the last quarter. Geneva Advisors LLC increased its stake in Blackhawk Network Holdings by 6.7% in the first quarter. Geneva Advisors LLC now owns 43,717 shares of the credit services provider’s stock valued at $1,775,000 after buying an additional 2,734 shares during the last quarter. Finally, Wells Fargo & Company MN increased its stake in Blackhawk Network Holdings by 0.3% in the first quarter. Wells Fargo & Company MN now owns 550,291 shares of the credit services provider’s stock valued at $22,342,000 after buying an additional 1,721 shares during the last quarter. 98.69% of the stock is 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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