What Will Happen to Blackhawk Network Holdings Inc Next? The Stock Just Had Huge Bearish Options Activity

 What Will Happen to Blackhawk Network Holdings Inc Next? The Stock Just Had Huge Bearish Options Activity

In today’s session Blackhawk Network Holdings Inc (HAWK) recorded an unusually high (430) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the December, 2016 put, expecting serious HAWK decrease. With 430 contracts traded and 2524 open interest for the Dec, 16 contract, it seems this is a quite bearish bet. The option with symbol: HAWK161216P00030000 closed last at: $0.65 or 0% . About 83,568 shares traded hands. Blackhawk Network Holdings Inc (NASDAQ:HAWK) has risen 2.98% since April 8, 2016 and is uptrending. It has underperformed by 2.67% the S&P500.

Blackhawk Network Holdings Inc (NASDAQ:HAWK) Ratings Coverage

Out of 9 analysts covering Blackhawk Network Holdings (NASDAQ:HAWK), 7 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 78% are positive. $58 is the highest target while $30 is the lowest. The $48.50 average target is 39.57% above today’s ($34.75) stock price. Blackhawk Network Holdings has been the topic of 12 analyst reports since July 24, 2015 according to StockzIntelligence Inc. Deutsche Bank maintained it with “Buy” rating and $50 target price in Thursday, February 25 report. On Friday, December 11 the stock rating was initiated by Credit Suisse with “Outperform”. Wedbush maintained it with “Neutral” rating and $30 target price in Thursday, April 28 report. The company was maintained on Friday, December 11 by Deutsche Bank. The company was upgraded on Wednesday, September 21 by CLSA. The rating was maintained by Argus Research with “Buy” on Wednesday, July 29. The company was initiated on Tuesday, December 1 by First Analysis. The firm earned “Buy” rating on Friday, July 22 by Bank of America. Bank of America downgraded the shares of HAWK in a report on Friday, October 7 to “Neutral” rating. As per Thursday, February 25, the company rating was maintained by Wedbush.

According to Zacks Investment Research, “Blackhawk Network Holdings, Inc. is a provider of prepaid and financial payments products for consumers and businesses. The company distributes gift cards, prepaid handsets and prepaid financial services products. Blackhawk Network Holdings, Inc. is headquartered in Pleasanton, California.”

Blackhawk Network Holdings, Inc. is a prepaid payment network. The company has a market cap of $2.00 billion. The Firm offers a range of prepaid gift, telecom and debit cards, in physical and electronic forms, as well as related prepaid products and payment services. It has a 94.62 P/E ratio. The Company’s divisions are US Retail, International Retail and Incentives & Rewards.

HAWK Company Profile

Blackhawk Network Holdings, Inc., incorporated on January 27, 2006, is a prepaid payment network. The Firm 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 divisions are US Retail, International Retail and Incentives & Rewards. The US Retail segment consists of the various operating divisions of the United States retail products, third-party online distribution channel and secondary card market and is engaged in sales of prepaid products to clients through these channels. The International Retail segment consists of the various operating divisions of its geographic regions and is engaged in sales of prepaid products to clients at its international retail distribution partners. The Incentives & Rewards segment consists of the various operating divisions, which offer prepaid cards, other products and related services to business clients for their consumer incentive and employee reward programs.

More notable recent Blackhawk Network Holdings Inc (NASDAQ:HAWK) news were published by: Prnewswire.com which released: “Blackhawk Network Holdings, Inc. Announces Pricing of $460 Million of …” on July 22, 2016, also Prnewswire.com with their article: “Blackhawk Network to Acquire Grass Roots Group” published on September 01, 2016, Prnewswire.com published: “Blackhawk Network Acquires Extrameasures” on March 31, 2016. More interesting news about Blackhawk Network Holdings Inc (NASDAQ:HAWK) were released by: Prnewswire.com and their article: “Blackhawk Network Research Reveals New Findings About eGifts” published on September 13, 2016 as well as Prnewswire.com‘s news article titled: “Blackhawk Network Holdings, Inc. Announces Offering of $425 Million of …” with publication date: July 20, 2016.

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