HawkEye 360, Inc. (NYSE:HAWK) Receives Average Recommendation of “Moderate Buy” from Analysts

HawkEye 360, Inc. (NYSE:HAWK) has received an average rating of “Moderate Buy” from the twelve brokerages that are currently covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, two have issued a hold rating, seven have assigned a buy rating and two have assigned a strong buy rating to the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $35.30.

A number of research firms have weighed in on HAWK. Bank of America initiated coverage on shares of HawkEye 360 in a report on Monday, June 1st. They issued a “neutral” rating and a $34.00 price objective for the company. Raymond James Financial initiated coverage on HawkEye 360 in a research report on Monday, June 1st. They set a “strong-buy” rating and a $40.00 target price on the stock. Royal Bank Of Canada cut their price target on HawkEye 360 from $40.00 to $33.00 and set an “outperform” rating for the company in a research note on Tuesday, June 23rd. William Blair began coverage on HawkEye 360 in a report on Monday, June 1st. They issued an “outperform” rating for the company. Finally, Craig Hallum initiated coverage on HawkEye 360 in a research report on Monday, July 27th. They set a “buy” rating and a $25.00 price target on the stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in HAWK. Alyeska Investment Group L.P. purchased a new stake in HawkEye 360 in the 2nd quarter worth $5,358,000. Readystate Asset Management LP acquired a new position in HawkEye 360 during the second quarter worth $455,000. Finally, Squarepoint Ops LLC purchased a new position in HawkEye 360 during the second quarter valued at $434,000.

HawkEye 360 Price Performance

Shares of NYSE:HAWK opened at $17.68 on Wednesday. HawkEye 360 has a 12-month low of $16.91 and a 12-month high of $35.73. The firm has a 50 day moving average of $20.66.

HawkEye 360 (NYSE:HAWK) last issued its quarterly earnings data on Thursday, August 13th. The company reported ($0.07) EPS for the quarter, topping analysts’ consensus estimates of ($0.13) by $0.06. The firm had revenue of $49.81 million for the quarter. On average, sell-side analysts anticipate that HawkEye 360 will post -0.01 EPS for the current year.

About HawkEye 360

HawkEye 360 is a U.S.-based geospatial intelligence company that operates a commercial satellite constellation and analytics platform focused on radio frequency (RF) data. The company collects and geolocates RF emissions from space using clusters of small satellites, turning raw signal detections into actionable datasets and insights. Its technology is designed to reveal signal sources and patterns that are difficult or impossible to observe with conventional remote sensing systems.

HawkEye 360 offers subscription access to geospatial RF datasets, on-demand tasking, and analytic services delivered through cloud-based tools and APIs.