Blackhawk Network Holdings Inc. (NASDAQ:HAWK) dropped 1.2% during trading on Friday . The stock traded as low as $33.45 and last traded at $33.54, with a volume of 309,491 shares traded. The stock had previously closed at $33.94.

HAWK has been the subject of several research analyst reports. Bank of America Corp. reaffirmed a “hold” rating and issued a $36.00 target price on shares of Blackhawk Network Holdings in a research report on Wednesday, July 20th. Zacks Investment Research cut shares of Blackhawk Network Holdings from a “hold” rating to a “sell” rating in a research report on Wednesday, July 20th. Three analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Blackhawk Network Holdings currently has a consensus rating of “Buy” and an average price target of $45.71.

The firm has a market capitalization of $1.89 billion and a P/E ratio of 82.97. The stock has a 50-day moving average of $34.08 and a 200 day moving average of $33.83.

Blackhawk Network Holdings (NASDAQ:HAWK) last announced its quarterly earnings results on Tuesday, July 19th. The company reported $0.37 earnings per share for the quarter, topping the consensus estimate of $0.24 by $0.13. During the same quarter in the prior year, the firm posted $0.38 earnings per share. Equities research analysts anticipate that Blackhawk Network Holdings Inc. will post $1.70 earnings per share for the current year.

In other Blackhawk Network Holdings news, Director Arun Sarin sold 25,000 shares of the business’s stock in a transaction on Thursday, July 28th. The shares were sold at an average price of $35.92, for a total transaction of $898,000.00. Following the transaction, the director now owns 40,529 shares in the company, valued at $1,455,801.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

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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