BidaskClub cut shares of Blackhawk Network Holdings, Inc. (NASDAQ:HAWK) from a buy rating to a hold rating in a research note released on Wednesday morning.

Other equities research analysts also recently issued reports about the stock. Citigroup Inc. upgraded shares of Blackhawk Network Holdings from a neutral rating to a buy rating and raised their price objective for the stock from $39.00 to $47.00 in a research report on Friday, May 19th. Zacks Investment Research downgraded shares of Blackhawk Network Holdings from a hold rating to a sell rating in a research report on Thursday, June 15th. BMO Capital Markets upgraded shares of Blackhawk Network Holdings from a market perform rating to an outperform rating and raised their price objective for the stock from $40.00 to $50.00 in a research report on Wednesday, June 28th. TheStreet downgraded shares of Blackhawk Network Holdings from a b- rating to a c rating in a research report on Tuesday, June 20th. Finally, First Analysis raised their price objective on shares of Blackhawk Network Holdings from $44.00 to $47.00 and gave the stock an overweight rating in a research report on Thursday, March 23rd. Six investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. The stock has a consensus rating of Buy and a consensus price target of $43.21.

Blackhawk Network Holdings (NASDAQ HAWK) opened at 45.00 on Wednesday. Blackhawk Network Holdings has a 52 week low of $28.88 and a 52 week high of $46.70. The company’s market capitalization is $2.53 billion. The company’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 issued its quarterly earnings data on Wednesday, July 19th. The credit services provider reported $0.12 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.05 by $0.07. The firm had revenue of $463.10 million during the quarter, compared to the consensus estimate of $447.43 million. Blackhawk Network Holdings had a negative net margin of 0.01% and a positive return on equity of 5.53%. The business’s revenue for the quarter was up 18.4% compared to the same quarter last year. During the same period last year, the business posted $0.13 earnings per share. On average, analysts predict that Blackhawk Network Holdings will post $1.68 EPS for the current year.

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In other news, insider Roche L. Talbott Hoskins sold 20,000 shares of Blackhawk Network Holdings 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 completion of the sale, the insider now directly owns 240,931 shares in the company, valued at $9,938,403.75. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CFO Jerry N. Ulrich sold 30,000 shares of Blackhawk Network Holdings 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 disclosure for this sale can be found here. Over the last quarter, insiders sold 77,153 shares of company stock valued at $3,198,121. 3.80% of the stock is owned by company insiders.

A number of hedge funds and other institutional investors have recently made changes to their positions in HAWK. Jana Partners LLC bought a new stake in shares of Blackhawk Network Holdings during the first quarter valued at about $109,418,000. Vident Investment Advisory LLC bought a new stake in shares of Blackhawk Network Holdings during the first quarter valued at about $326,000. Atria Investments LLC raised 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 valued at $423,000 after buying an additional 308 shares during the period. State Street Corp raised its stake in shares of Blackhawk Network Holdings by 4.1% in the fourth quarter. State Street Corp now owns 991,589 shares of the credit services provider’s stock valued at $37,362,000 after buying an additional 39,207 shares during the period. Finally, Vivaldi Capital Management LLC bought a new stake in shares of Blackhawk Network Holdings during the first quarter valued at about $10,376,670,000. 99.59% of the stock is currently owned by institutional investors and hedge funds.

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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