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

Several analysts have issued reports on HAWK shares. Bank of America Corp. upgraded Blackhawk Network Holdings from a “neutral” rating to a “buy” rating and set a $41.00 price objective on the stock in a research note on Friday, July 22nd. Zacks Investment Research upgraded Blackhawk Network Holdings from a “sell” rating to a “strong-buy” rating and set a $41.00 target price on the stock in a research note on Wednesday, July 27th. Three analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $45.71.

The company has a 50-day moving average price of $34.06 and a 200-day moving average price of $33.83. The company has a market cap of $1.89 billion and a PE ratio of 82.97.

Blackhawk Network Holdings (NASDAQ:HAWK) last released its quarterly earnings results on Tuesday, July 19th. The company reported $0.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.24 by $0.13. During the same period last year, the company posted $0.38 EPS. Equities research analysts forecast that Blackhawk Network Holdings Inc. will post $1.57 earnings per share for the current year.

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

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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