Blackhawk Network Holdings, Inc. (HAWK) Shares Down 20.5% After Analyst Downgrade

A number of other equities research analysts also recently weighed in on HAWK.

Sell-side analyst recommendations point to a short term price target of $78.4 on the shares of NuVasive, Inc.

Blackhawk Network Holdings, Inc. More bearish brokerage notes are likely on the way, considering seven of eight analysts maintained a "buy" or better rating on the stock at last night's close. The company now has a consensus rating of "Buy" and a consensus target price of $46.31. Fidelity Management and Research Company is the second biggest holder with 4 million shares now valued at 161.92 million whilst P2 Capital Partners, LLC has 3 million shares valued at 130.80 million.

Blackhawk Network Holdings (NASDAQ:HAWK) last released its quarterly earnings data on Wednesday, October 11th. The stock's market cap is $2.50 billion. It has been assigned a low target price of $42 and a high target price of $58. (NASDAQ:HAWK) to report earnings on Oct, 11 for the fiscal quarter ending Sep 2017.

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Analysts had expected the company to earn $0.11 per share, according figures compiled by Thomson Reuters. Teachers Advisors LLC owned about 0.17% of Blackhawk Network Holdings worth $4,289,000 at the end of the most recent reporting period. The firm had revenue of $419.30 million for the quarter, compared to analysts' expectations of $439.32 million. Over the past month the firm's stock is 215.38%, 200.95% for the last quarter, 182.76% for the past six-months and 112.99% for the previous year. Blackhawk Network Holdings's revenue for the quarter was up 16.0% compared to the same quarter a year ago. The current consensus recommendation provided by covering analysts is 1.90. If you are reading this article on another domain, it was copied illegally and republished in violation of United States and worldwide trademark and copyright law. "(HAWK) Cut to Market Perform at UBS AG" was posted by StockNewsTimes and is the property of of StockNewsTimes. If you are viewing this news story on another site, it was copied illegally and reposted in violation of United States & worldwide copyright & trademark legislation. Blackhawk Network Holdings, Inc. The stock was sold at an average price of $43.92, for a total transaction of $111,688.56. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

In related news, CFO Jerry N. Ulrich sold 75,000 shares of the business's stock in a transaction that occurred on Wednesday, July 26th. The stock was sold at an average price of $45.15, for a total value of $3,386,250.00.

The biggest institutional shareholders in Blackhawk Network Holdings, Inc. include Vanguard Group Inc which owns 5 million shares in the company valued at $197.24 million. The disclosure for this sale can be found here. Corporate insiders own 3.80% of the company's stock.

Several hedge funds have recently modified their holdings of the stock. Nomura Holdings Inc. raised its stake in shares of Blackhawk Network Holdings by 2.7% in the 2nd quarter. The number of shares now owned by investors are 51.08 mln. BlackRock Inc. boosted its stake in Blackhawk Network Holdings by 71,649.0% during the 1st quarter. (NASDAQ:HAWK) are -18.82%; -22.41% for the month; -17.2% for the last quarter; -9.41% for the past six-months; and 3.11% for the last 12 months.The current price is staying below the SMA lines which signify weakens and is generally unhealthy/negative and may provide the momentum for driving the share price lower. The value of the position overall is down by 1.0%. Cubist Systematic Strategies LLC now owns 9,639 shares of the credit services provider's stock valued at $420,000 after acquiring an additional 7,039 shares in the last quarter.

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