Blackhawk Network Holdings Inc. (NASDAQ:HAWK) saw unusually-strong trading volume on Thursday . Approximately 857,237 shares traded hands during mid-day trading, an increase of 15% from the previous session’s volume of 746,202 shares.The stock last traded at $35.41 and had previously closed at $35.81.

A number of equities analysts have recently commented on HAWK shares. Zacks Investment Research upgraded Blackhawk Network Holdings from a “hold” rating to a “buy” rating and set a $36.00 price objective on the stock in a report on Tuesday, May 3rd. Bank of America Corp. restated a “hold” rating and issued a $36.00 price objective on shares of Blackhawk Network Holdings in a report on Wednesday. Finally, Wedbush restated a “neutral” rating and issued a $30.00 price objective (down from $33.00) on shares of Blackhawk Network Holdings in a report on Thursday, April 28th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and eight have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $45.56.

The firm’s 50-day moving average price is $33.55 and its 200 day moving average price is $34.73. The firm has a market cap of $1.96 billion and a price-to-earnings ratio of 52.67.

Blackhawk Network Holdings (NASDAQ:HAWK) last released its quarterly earnings results on Tuesday, July 19th. The company reported $0.37 EPS for the quarter, topping the Zacks’ consensus estimate of $0.24 by $0.13. During the same period in the prior year, the business earned $0.38 EPS. Analysts expect that Blackhawk Network Holdings Inc. will post $2.44 EPS for the current fiscal year.

A number of hedge funds and institutional investors have recently bought and sold shares of HAWK. Morgan Stanley increased its position in Blackhawk Network Holdings by 71.2% in the fourth quarter. Morgan Stanley now owns 558,956 shares of the company’s stock valued at $24,712,000 after buying an additional 232,481 shares in the last quarter. S&T Bank PA increased its position in 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 in the last quarter. Standard Life Investments LTD increased its position in 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 in the last quarter. Wells Fargo & Company MN increased its position in 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 in the last quarter. Finally, Penserra Capital Management LLC purchased a new position in Blackhawk Network Holdings during the fourth quarter valued at about $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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