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Zacks Investment Research downgraded Blackhawk Network Holdings Inc (NASDAQ:HAWK) to Sell in a statement released earlier today.

Zacks Investment Research has downgraded Blackhawk Network Holdings Inc (NASDAQ:HAWK) to Sell in a statement released on 6/21/2017.

Having a price of $41.00, Blackhawk Network Holdings Inc (NASDAQ:HAWK) traded -0.44% lower on the day. With the last close down 8.81% from the two hundred day average, compared with the Standard & Poor's 500 Index which has increased 0.04% over the same time period. HAWK has recorded a 50-day moving average of $43.58 and a 200-day moving average of $41.63. 74,986 shares of HAWK traded hands, down from an average trading volume of 471,072

Recent Performance Chart

Blackhawk Network Holdings Inc (NASDAQ:HAWK)

Blackhawk Network Holdings Inc has 52 week low of $28.88 and a 52 week high of $46.70 and has a market capitalization of $0.

In addition to Zacks Investment Research reporting its stock price target, a total of 10 brokerages have issued a ratings update on the company. The average stock price target is $40.50 with 5 brokerages rating the stock a strong buy, 4 brokerages rating the stock a buy, 3 brokerages rating the stock a hold, 1 brokerage rating the stock a underperform, and finally 0 brokerages rating the stock a sell.

Brief Synopsis On Blackhawk Network Holdings Inc (NASDAQ:HAWK)

Blackhawk Network Holdings, Inc. is a prepaid payment network. The Company operates through three segments: U.S. Retail, International, and Incentives & Rewards. The U.S. Retail segment is engaged in the sale of prepaid products to consumers at its retail distribution partners and online and the sale of telecom handsets to retail distribution partners for resale to consumers. Its Incentives & Rewards segment is engaged in the sale of prepaid products, software and services to its business clients. It distributes closed loop gift cards in categories, including digital media and e-commerce, dining, electronics, entertainment, fashion and travel. It distributes a range of prepaid wireless or cellular cards. It also provides reloads for reloadable prepaid products, including prepaid telecom accounts and general-purpose reloadable cards. Its incentives businesses provide software, consulting services, program management, reward processing and reward fulfillment to its business clients.

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