Blackhawk Network Holdings (NASDAQ:HAWK) Receiving Somewhat Favorable News Coverage, Study Shows
News coverage about Blackhawk Network Holdings (NASDAQ:HAWK) has trended somewhat positive this week, according to Accern Sentiment Analysis. Accern ranks the sentiment of media coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Blackhawk Network Holdings earned a news impact score of 0.16 on Accern’s scale. Accern also gave press coverage about the credit services provider an impact score of 45.3426812933259 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
These are some of the news stories that may have effected Accern Sentiment’s scoring:
- IHS Markit Score upgrades Blackhawk Network Holdings Inc to 59 out of 100, ranking positively in two out of four IHS Markit categories. (finance.yahoo.com)
- ETFs with exposure to Blackhawk Network Holdings, Inc. : August 11, 2017 (finance.yahoo.com)
- Investors Are Turning Their Attention Towards Blackhawk Network Holdings Inc (HAWK)’s Technicals – Financial News Review (finnewsreview.com)
- Blackhawk Network to Offer New Way to Purchase Lottery at Grocery Stores – PR Newswire (press release) (prnewswire.com)
Blackhawk Network Holdings (NASDAQ:HAWK) traded up 1.07% on Friday, hitting $42.35. The stock had a trading volume of 516,697 shares. The company’s market cap is $2.40 billion. The company has a 50 day moving average price of $43.43 and a 200-day moving average price of $40.50. Blackhawk Network Holdings has a 52-week low of $28.88 and a 52-week high of $46.70.
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, beating the Thomson Reuters’ consensus estimate of $0.05 by $0.07. The business had revenue of $463.10 million during the quarter, compared to analysts’ expectations of $447.43 million. Blackhawk Network Holdings had a positive return on equity of 5.49% and a negative net margin of 0.01%. The company’s revenue for the quarter was up 18.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.13 EPS. On average, equities research analysts predict that Blackhawk Network Holdings will post $1.68 earnings per share for the current year.
A number of research analysts have recently issued reports on HAWK shares. BidaskClub raised Blackhawk Network Holdings from a “hold” rating to a “buy” rating in a report on Tuesday, July 25th. Citigroup Inc. reissued a “buy” rating and issued a $47.00 target price on shares of Blackhawk Network Holdings in a report on Monday, July 17th. Mizuho reissued a “buy” rating and issued a $52.00 target price (up previously from $50.00) on shares of Blackhawk Network Holdings in a report on Saturday, July 22nd. Zacks Investment Research raised Blackhawk Network Holdings from a “hold” rating to a “strong-buy” rating and set a $51.00 target price on the stock in a report on Tuesday, July 25th. Finally, Jefferies Group LLC reissued a “buy” rating and issued a $53.00 target price (up previously from $49.00) on shares of Blackhawk Network Holdings in a report on Monday, July 24th. Five investment analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $45.14.
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In other news, 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 value of $800,526.72. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Jerry N. Ulrich sold 75,000 shares of the business’s stock in a transaction dated Wednesday, July 26th. The shares were sold at an average price of $45.15, for a total value of $3,386,250.00. Following the completion of the transaction, the chief financial officer now directly 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 three months, insiders sold 116,212 shares of company stock valued at $5,123,465. Insiders own 3.80% of the company’s stock.
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.
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