Blackhawk Network Holdings (HAWK) Receiving Somewhat Positive News Coverage, Accern Reports
News headlines about Blackhawk Network Holdings (NASDAQ:HAWK) have trended somewhat positive recently, according to Accern Sentiment. Accern identifies positive and negative media coverage by monitoring more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Blackhawk Network Holdings earned a media sentiment score of 0.03 on Accern’s scale. Accern also assigned news articles about the credit services provider an impact score of 45.2928875281428 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
These are some of the media stories that may have impacted Accern’s analysis:
- Blackhawk Network Holdings, Inc. (HAWK) Price Target Cut to $45.00 by Analysts at Argus (americanbankingnews.com)
- Blackhawk Network Holdings, Inc. (HAWK) Rating Lowered to Market Perform at UBS AG (americanbankingnews.com)
- Blackhawk Network Holdings, Inc. (HAWK) Given a $43.00 Price Target by SunTrust Banks, Inc. Analysts (americanbankingnews.com)
- Blackhawk Network Holdings, Inc. (HAWK) Given Market Perform Rating at Raymond James Financial, Inc. (americanbankingnews.com)
- Blackhawk Network Holdings, Inc. (HAWK) PT Lowered to $46.00 (americanbankingnews.com)
HAWK has been the topic of several research analyst reports. Mizuho initiated coverage on Blackhawk Network Holdings in a research report on Tuesday, June 27th. They set a “buy” rating and a $50.00 target price on the stock. BidaskClub upgraded Blackhawk Network Holdings from a “sell” rating to a “hold” rating in a research report on Thursday, August 17th. Citigroup Inc. restated a “buy” rating and set a $47.00 target price on shares of Blackhawk Network Holdings in a research report on Monday, July 17th. Craig Hallum restated a “buy” rating and set a $58.00 target price on shares of Blackhawk Network Holdings in a research report on Friday, September 1st. Finally, TheStreet lowered Blackhawk Network Holdings from a “b-” rating to a “c” rating in a research report on Tuesday, June 20th. Seven equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $47.38.
Shares of Blackhawk Network Holdings (NASDAQ:HAWK) traded down 1.60% on Tuesday, reaching $33.75. The company’s stock had a trading volume of 521,445 shares. Blackhawk Network Holdings has a 12-month low of $32.75 and a 12-month high of $46.70. The company’s 50 day moving average price is $43.57 and its 200 day moving average price is $42.65. The company’s market cap is $1.91 billion.
Blackhawk Network Holdings (NASDAQ:HAWK) last issued its quarterly earnings results on Wednesday, October 11th. The credit services provider reported $0.18 EPS for the quarter, topping analysts’ consensus estimates of $0.11 by $0.07. Blackhawk Network Holdings had a positive return on equity of 4.16% and a negative net margin of 0.14%. The firm had revenue of $419.30 million for the quarter, compared to analysts’ expectations of $439.32 million. During the same period in the previous year, the firm posted $0.14 EPS. The business’s revenue for the quarter was up 16.0% compared to the same quarter last year. Analysts forecast that Blackhawk Network Holdings will post $1.65 EPS for the current fiscal year.
In other news, SVP David C. Tate sold 18,669 shares of the business’s stock in a transaction that occurred on Wednesday, August 2nd. The stock was sold at an average price of $42.88, for a total value of $800,526.72. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Joan B. Lockie sold 2,543 shares of the business’s stock in a transaction that occurred on Monday, July 31st. The stock was 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 directly owns 17,168 shares in the company, valued at $754,018.56. The disclosure for this sale can be found here. Over the last three months, insiders sold 96,212 shares of company stock worth $4,298,465. Insiders own 3.80% of the company’s stock.
About Blackhawk Network Holdings
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.
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