A number of research firms have changed their ratings and price targets for Blackhawk Network Holdings (NASDAQ: HAWK):

  • 10/13/2017 – Blackhawk Network Holdings had its price target lowered by analysts at BMO Capital Markets from $52.00 to $51.00. They now have an “outperform” rating on the stock.
  • 10/12/2017 – Blackhawk Network Holdings was downgraded by analysts at UBS AG from an “outperform” rating to a “market perform” rating.
  • 10/12/2017 – Blackhawk Network Holdings was given a new $43.00 price target on by analysts at SunTrust Banks, Inc.. They now have a “buy” rating on the stock.
  • 10/12/2017 – Blackhawk Network Holdings had its “market perform” rating reaffirmed by analysts at Raymond James Financial, Inc..
  • 10/12/2017 – Blackhawk Network Holdings had its price target lowered by analysts at Bank of America Corporation from $50.00 to $46.00. They now have a “neutral” rating on the stock.
  • 9/20/2017 – Blackhawk Network Holdings was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. 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. “
  • 9/12/2017 – Blackhawk Network Holdings had its “outperform” rating reaffirmed by analysts at BMO Capital Markets. They now have a $52.00 price target on the stock, up previously from $50.00.
  • 9/1/2017 – Blackhawk Network Holdings had its “buy” rating reaffirmed by analysts at Craig Hallum. They now have a $58.00 price target on the stock.
  • 8/17/2017 – Blackhawk Network Holdings was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating.

Blackhawk Network Holdings, Inc. (HAWK) traded up 0.71% during mid-day trading on Friday, hitting $35.40. The company had a trading volume of 747,984 shares. The company’s 50 day moving average price is $43.78 and its 200-day moving average price is $42.63. Blackhawk Network Holdings, Inc. has a 12-month low of $31.30 and a 12-month high of $46.70. The firm’s market capitalization is $2.01 billion.

Blackhawk Network Holdings (NASDAQ:HAWK) last issued its earnings results on Wednesday, October 11th. The credit services provider reported $0.18 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.11 by $0.07. Blackhawk Network Holdings had a negative net margin of 0.14% and a positive return on equity of 4.16%. The firm had revenue of $419.30 million during the quarter, compared to analyst estimates of $439.32 million. During the same quarter in the prior year, the business earned $0.14 earnings per share. Blackhawk Network Holdings’s revenue for the quarter was up 16.0% on a year-over-year basis. On average, analysts forecast that Blackhawk Network Holdings, Inc. will post $1.68 EPS for the current fiscal year.

In other Blackhawk Network Holdings news, insider Joan B. Lockie sold 2,543 shares of the stock in a transaction on Monday, July 31st. The shares were sold at an average price of $43.92, for a total transaction of $111,688.56. Following the completion of the transaction, the insider now owns 17,168 shares in the company, valued at $754,018.56. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP David C. Tate sold 18,669 shares of the stock in a transaction on Wednesday, August 2nd. The shares were 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 have sold 96,212 shares of company stock valued at $4,298,465 in the last quarter. 3.80% of the stock is owned by company insiders.

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.

Receive News & Ratings for Blackhawk Network Holdings Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Blackhawk Network Holdings Inc and related companies with MarketBeat.com's FREE daily email newsletter.