News coverage about Blackhawk Network Holdings (NASDAQ:HAWK) has trended positive recently, according to Accern. Accern rates the sentiment of media coverage by reviewing more than 20 million news and blog sources in real-time. Accern ranks coverage of 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 0.30 on Accern’s scale. Accern also gave news coverage about the credit services provider an impact score of 45.9964429955106 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
Blackhawk Network Holdings (NASDAQ HAWK) opened at 44.35 on Friday. The firm’s market capitalization is $2.51 billion. Blackhawk Network Holdings has a 12 month low of $28.88 and a 12 month high of $46.70. The firm’s 50-day moving average is $43.57 and its 200 day moving average is $41.73.
Blackhawk Network Holdings (NASDAQ:HAWK) last posted its earnings results 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. Blackhawk Network Holdings had a negative net margin of 0.01% and a positive return on equity of 5.49%. The business had revenue of $463.10 million for the quarter, compared to analysts’ expectations of $447.43 million. During the same period in the prior year, the company posted $0.13 EPS. The business’s revenue for the quarter was up 18.4% compared to the same quarter last year. On average, analysts expect that Blackhawk Network Holdings will post $1.68 EPS for the current fiscal year.
A number of equities research analysts have recently weighed in on HAWK shares. 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. BidaskClub downgraded shares of Blackhawk Network Holdings from a “buy” rating to a “hold” rating in a research report on Wednesday, June 21st. TheStreet downgraded shares of Blackhawk Network Holdings from a “b-” rating to a “c” rating in a research report on Tuesday, June 20th. Mizuho started coverage on shares of Blackhawk Network Holdings in a research report on Tuesday, June 27th. They issued a “buy” rating and a $50.00 price target for the company. Finally, BMO Capital Markets upgraded shares of Blackhawk Network Holdings from a “market perform” rating to an “outperform” rating and lifted their price target for the company from $40.00 to $50.00 in a research report on Wednesday, June 28th. Five analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $45.86.
In other Blackhawk Network Holdings news, SVP David C. Tate sold 18,669 shares of the stock in a transaction that occurred on Wednesday, August 2nd. The shares were sold at an average price of $42.88, for a total value of $800,526.72. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Jerry N. Ulrich sold 75,000 shares of the stock in a transaction that occurred on Wednesday, July 26th. The stock was sold at an average price of $45.15, for a total transaction of $3,386,250.00. Following the completion of the sale, the chief financial officer now owns 63,280 shares in the company, valued at $2,857,092. The disclosure for this sale can be found here. Insiders sold a total of 96,212 shares of company stock worth $4,298,465 over the last quarter. Corporate 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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