Blackhawk Network Holdings Inc. (NASDAQ:HAWK) saw unusually-strong trading volume on Friday . Approximately 490,875 shares were traded during trading, a decline of 3% from the previous session’s volume of 506,578 shares.The stock last traded at $33.92 and had previously closed at $34.42.

A number of equities research analysts recently commented on the company. Zacks Investment Research upgraded Blackhawk Network Holdings from a “strong sell” rating to a “hold” rating in a research report on Tuesday, April 26th. Wedbush reiterated a “neutral” rating and issued a $30.00 target price (down previously from $33.00) on shares of Blackhawk Network Holdings in a research report on Thursday, April 28th. Three investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $46.75.

The stock’s 50-day moving average price is $33.56 and its 200 day moving average price is $34.96. The company has a market capitalization of $1.91 billion and a P/E ratio of 51.22.

Blackhawk Network Holdings (NASDAQ:HAWK) last posted its quarterly earnings results on Tuesday, April 26th. The company reported $0.46 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.32 by $0.14. The company earned $366.50 million during the quarter, compared to analyst estimates of $197.97 million. Blackhawk Network Holdings’s revenue for the quarter was up 14.6% on a year-over-year basis. During the same period in the prior year, the business earned $0.34 EPS. On average, analysts predict that Blackhawk Network Holdings Inc. will post $2.52 EPS for the current fiscal year.

A number of large investors recently bought and sold shares of the stock. Morgan Stanley raised its stake in Blackhawk Network Holdings by 71.2% in the fourth quarter. Morgan Stanley now owns 558,956 shares of the company’s stock worth $24,712,000 after buying an additional 232,481 shares in the last quarter. S&T Bank PA raised its stake in shares of Blackhawk Network Holdings by 29.8% in the fourth quarter. S&T Bank PA now owns 326,580 shares of the company’s stock valued at $14,438,000 after buying an additional 75,020 shares during the period. Standard Life Investments LTD raised its stake in shares of Blackhawk Network Holdings by 2.7% in the fourth quarter. Standard Life Investments LTD now owns 2,629,556 shares of the company’s stock valued at $116,240,000 after buying an additional 69,102 shares during the period. Wells Fargo & Company MN raised its stake in shares of Blackhawk Network Holdings by 58.1% in the fourth quarter. Wells Fargo & Company MN now owns 179,296 shares of the company’s stock valued at $7,927,000 after buying an additional 65,902 shares during the period. Finally, Penserra Capital Management LLC acquired a new stake in shares of Blackhawk Network Holdings during the fourth quarter valued at $1,967,000.

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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