Today, Blackhawk Network Holdings Inc. (HAWK) Receives $43.00 Average PT from Analysts

Today, Blackhawk Network Holdings Inc. (HAWK) Receives $43.00 Average PT from Analysts
Shares of Blackhawk Network Holdings Inc. (NASDAQ:HAWK) have been given an average recommendation of “Buy” by the eleven ratings firms that are currently covering the firm. One investment analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and eight have given a buy recommendation to the company. The average 12-month target price among analysts that have covered the stock in the last year is $43.00.

A number of research firms have commented on HAWK. Zacks Investment Research downgraded shares of Blackhawk Network Holdings from a “hold” rating to a “strong sell” rating in a report on Tuesday, October 18th. Jefferies Group restated a “buy” rating and set a $43.00 price target on shares of Blackhawk Network Holdings in a report on Tuesday, October 18th. Wedbush restated a “neutral” rating and set a $30.00 price target on shares of Blackhawk Network Holdings in a report on Saturday, October 15th. TheStreet upgraded shares of Blackhawk Network Holdings from a “hold” rating to a “buy” rating in a report on Wednesday, November 2nd. Finally, Bank of America Corp. downgraded shares of Blackhawk Network Holdings from a “buy” rating to a “neutral” rating and cut their price target for the stock from $41.00 to $34.00 in a report on Friday, October 7th.

In other Blackhawk Network Holdings news, SVP David C. Tate sold 28,314 shares of the firm’s stock in a transaction that occurred on Thursday, October 20th. The shares were sold at an average price of $36.42, for a total value of $1,031,195.88. Following the completion of the transaction, the senior vice president now owns 22,372 shares of the company’s stock, valued at approximately $814,788.24. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 3.24% of the stock is currently owned by company insiders.

A number of institutional investors have recently modified their holdings of the stock. Credit Suisse AG boosted its position in shares of Blackhawk Network Holdings by 156.1% in the third quarter. Credit Suisse AG now owns 159,392 shares of the company’s stock valued at $4,810,000 after buying an additional 97,161 shares in the last quarter. Park West Asset Management LLC boosted its position in shares of Blackhawk Network Holdings by 119.3% in the third quarter. Park West Asset Management LLC now owns 2,250,000 shares of the company’s stock valued at $67,883,000 after buying an additional 1,224,041 shares in the last quarter. Tensile Capital Management LLC boosted its position in shares of Blackhawk Network Holdings by 24.5% in the third quarter. Tensile Capital Management LLC now owns 881,073 shares of the company’s stock valued at $26,582,000 after buying an additional 173,579 shares in the last quarter. Vista Equity Partners Management LLC boosted its position in shares of Blackhawk Network Holdings by 61.9% in the third quarter. Vista Equity Partners Management LLC now owns 407,232 shares of the company’s stock valued at $12,286,000 after buying an additional 155,666 shares in the last quarter. Finally, The Manufacturers Life Insurance Company acquired a new position in shares of Blackhawk Network Holdings during the third quarter valued at approximately $1,122,000. 95.42% of the stock is owned by institutional investors.

Blackhawk Network Holdings (NASDAQ:HAWK) opened at 36.75 on Tuesday. The company has a market cap of $2.04 billion, a P/E ratio of 96.46 and a beta of 0.56. The company has a 50-day moving average of $34.61 and a 200-day moving average of $33.46. Blackhawk Network Holdings has a 52 week low of $28.88 and a 52 week high of $48.39.

Blackhawk Network Holdings (NASDAQ:HAWK) last released its quarterly earnings data on Tuesday, October 11th. The company reported $0.14 EPS for the quarter, missing the Zacks’ consensus estimate of $0.21 by $0.07. The business earned $361.60 million during the quarter. Blackhawk Network Holdings had a net margin of 1.15% and a return on equity of 13.30%. The company’s revenue was up 2.5% compared to the same quarter last year. During the same period last year, the firm posted $0.35 EPS. On average, equities research analysts predict that Blackhawk Network Holdings will post $1.56 EPS for the current year.

Blackhawk Network Holdings Company Profile

Blackhawk Network Holdings, Inc is a prepaid payment network. The Company offers a range of prepaid gift, telecom and debit cards, in physical and electronic forms, as well as related prepaid products and payment services. The Company’s segments are US Retail, International Retail and Incentives & Rewards.

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