The stock of Blackhawk Network Holdings Inc (NASDAQ:HAWK) is a huge mover today! About 901,243 shares traded hands or 22.25% up from the average. Blackhawk Network Holdings Inc (NASDAQ:HAWK) has declined 6.09% since March 9, 2016 and is downtrending. It has underperformed by 13.50% the S&P500.
The move comes after 7 months positive chart setup for the $1.91B company. It was reported on Oct, 12 by Barchart.com. We have $50.35 PT which if reached, will make NASDAQ:HAWK worth $897.70 million more.
Blackhawk Network Holdings Inc (NASDAQ:HAWK) Ratings Coverage
Out of 9 analysts covering Blackhawk Network Holdings (NASDAQ:HAWK), 7 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 78% are positive. Blackhawk Network Holdings has been the topic of 12 analyst reports since July 24, 2015 according to StockzIntelligence Inc. The firm has “Buy” rating by Deutsche Bank given on Friday, December 11. The stock of Blackhawk Network Holdings Inc (NASDAQ:HAWK) has “Neutral” rating given on Thursday, February 25 by Wedbush. First Analysis initiated it with “Overweight” rating and $58 target price in Tuesday, December 1 report. The rating was upgraded by Bank of America on Friday, July 22 to “Buy”. The firm earned “Neutral” rating on Friday, October 7 by Bank of America. The firm earned “Outperform” rating on Friday, December 11 by Credit Suisse. The rating was upgraded by CLSA on Wednesday, September 21 to “Outperform”. The firm earned “Neutral” rating on Thursday, April 28 by Wedbush. The company was maintained on Thursday, February 25 by Deutsche Bank. The firm has “Buy” rating given on Wednesday, July 29 by Argus Research.
According to Zacks Investment Research, “Blackhawk Network Holdings, Inc. is a provider of prepaid and financial payments products for consumers and businesses. The company distributes gift cards, prepaid handsets and prepaid financial services products. Blackhawk Network Holdings, Inc. is headquartered in Pleasanton, California.”
More notable recent Blackhawk Network Holdings Inc (NASDAQ:HAWK) news were published by: Investorplace.com which released: “3 Stocks to Watch on Wednesday: Barracuda Networks Inc (CUDA), Blackhawk …” on October 12, 2016, also Nasdaq.com with their article: “Earnings Reaction History: Blackhawk Network Holdings, Inc., 66.7% Follow …” published on October 11, 2016, Prnewswire.com published: “Blackhawk Network Holdings, Inc. to Amend and Restate Credit Agreement” on July 20, 2016. More interesting news about Blackhawk Network Holdings Inc (NASDAQ:HAWK) were released by: Globenewswire.com and their article: “Blackhawk Network Holdings, Inc. Announces Dates For Third Quarter 2016 …” published on September 28, 2016 as well as Prnewswire.com‘s news article titled: “Blackhawk Network Holdings, Inc. Announces Offering of $425 Million of …” with publication date: July 20, 2016.
HAWK Company Profile
Blackhawk Network Holdings, Inc., incorporated on January 27, 2006, is a prepaid payment network. The Firm 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 divisions are US Retail, International Retail and Incentives & Rewards. The US Retail segment consists of the various operating divisions of the United States retail products, third-party online distribution channel and secondary card market and is engaged in sales of prepaid products to clients through these channels. The International Retail segment consists of the various operating divisions of its geographic regions and is engaged in sales of prepaid products to clients at its international retail distribution partners. The Incentives & Rewards segment consists of the various operating divisions, which offer prepaid cards, other products and related services to business clients for their consumer incentive and employee reward programs.
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