BidaskClub upgraded shares of Blackhawk Network Holdings, Inc. (NASDAQ:HAWK) from a hold rating to a buy rating in a research report sent to investors on Tuesday.

HAWK has been the subject of several other research reports. Deutsche Bank AG lifted their price target on shares of Blackhawk Network Holdings from $41.00 to $46.00 and gave the stock a buy rating in a research report on Friday, April 28th. Mizuho started coverage on shares of Blackhawk Network Holdings in a research report on Tuesday, June 27th. They set a buy rating and a $50.00 price target for the company. Zacks Investment Research upgraded shares of Blackhawk Network Holdings from a sell rating to a hold rating in a research report on Wednesday, April 5th. Citigroup Inc. reiterated a buy rating and set a $47.00 price target on shares of Blackhawk Network Holdings in a research report on Monday, July 17th. Finally, TheStreet cut shares of Blackhawk Network Holdings from a b- rating to a c rating in a research report on Tuesday, June 20th. Four research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the stock. Blackhawk Network Holdings has an average rating of Buy and an average target price of $45.14.

Shares of Blackhawk Network Holdings (NASDAQ:HAWK) traded down 0.68% during mid-day trading on Tuesday, reaching $43.85. 450,505 shares of the company were exchanged. Blackhawk Network Holdings has a 12 month low of $28.88 and a 12 month high of $46.70. The firm has a 50-day moving average price of $43.24 and a 200 day moving average price of $40.10. The stock’s market capitalization is $2.48 billion.

Blackhawk Network Holdings (NASDAQ:HAWK) last issued its quarterly earnings results on Wednesday, July 19th. The credit services provider reported $0.12 EPS 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 5.49%. The company had revenue of $463.10 million during the quarter, compared to analysts’ expectations of $447.43 million. During the same quarter in the previous year, the company earned $0.13 EPS. Blackhawk Network Holdings’s revenue was up 18.4% on a year-over-year basis. Equities research analysts anticipate that Blackhawk Network Holdings will post $1.68 EPS for the current fiscal year.

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In related news, CFO Jerry N. Ulrich sold 30,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 10th. The shares were sold at an average price of $41.90, for a total transaction of $1,257,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Jerry N. Ulrich sold 75,000 shares of the business’s stock in a transaction that occurred on Wednesday, July 26th. The shares were sold at an average price of $45.15, for a total transaction of $3,386,250.00. Following the transaction, the chief financial officer now owns 63,280 shares of the company’s stock, valued at approximately $2,857,092. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 152,153 shares of company stock valued at $6,584,371. Corporate insiders own 3.80% of the company’s stock.

A number of hedge funds and other institutional investors have recently modified their holdings of HAWK. Jana Partners LLC purchased a new position in shares of Blackhawk Network Holdings during the first quarter worth about $109,418,000. Vident Investment Advisory LLC purchased a new position in shares of Blackhawk Network Holdings during the first quarter worth about $326,000. Atria Investments LLC boosted its position 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. Bank of America Corp DE boosted its position in shares of Blackhawk Network Holdings by 2.2% in the first quarter. Bank of America Corp DE now owns 479,604 shares of the credit services provider’s stock worth $19,471,000 after buying an additional 10,360 shares in the last quarter. Finally, Vivaldi Capital Management LLC purchased a new position in shares of Blackhawk Network Holdings during the first quarter worth about $10,376,670,000. Hedge funds and other institutional investors own 99.65% 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.

Analyst Recommendations for Blackhawk Network Holdings (NASDAQ:HAWK)

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