HawkEye 360, Inc. (NYSE:HAWK) Stock Has Consensus Price Target of $33.70 According to Brokerages

HawkEye 360, Inc. (NYSE:HAWK) has received a consensus rating of “Moderate Buy” from the twelve analysts that are presently covering the stock, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation, eight have assigned a buy recommendation and two have given a strong buy recommendation to the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $33.70.

Several research firms have weighed in on HAWK. Royal Bank Of Canada lowered their target price on HawkEye 360 from $33.00 to $28.00 and set an “outperform” rating on the stock in a report on Wednesday, September 30th. Jefferies Financial Group decreased their price objective on shares of HawkEye 360 from $34.00 to $31.00 and set a “buy” rating on the stock in a research report on Monday, August 17th. Wall Street Zen cut shares of HawkEye 360 from a “hold” rating to a “sell” rating in a research note on Saturday, September 19th. Bank of America upgraded shares of HawkEye 360 from a “neutral” rating to a “buy” rating and dropped their target price for the company from $34.00 to $23.00 in a report on Thursday, September 17th. Finally, Craig Hallum started coverage on shares of HawkEye 360 in a research report on Monday, July 27th. They set a “buy” rating and a $25.00 target price for the company.

HawkEye 360 Stock Performance

Shares of NYSE:HAWK opened at $14.37 on Friday. The stock’s 50 day moving average price is $19.15. HawkEye 360 has a 12 month low of $13.86 and a 12 month high of $35.73.

HawkEye 360 (NYSE:HAWK) last released its quarterly earnings data on Thursday, August 13th. The company reported ($0.07) earnings per share for the quarter, beating the consensus estimate of ($0.13) by $0.06. The firm had revenue of $49.81 million during the quarter. Analysts expect that HawkEye 360 will post -0.01 EPS for the current fiscal year.

Insider Buying and Selling at HawkEye 360

In related news, Director Arthur Money sold 50,000 shares of HawkEye 360 stock in a transaction that occurred on Friday, September 11th. The stock was sold at an average price of $16.41, for a total transaction of $820,500.00. Following the completion of the transaction, the director directly owned 54,545 shares in the company, valued at $895,083.45. The trade was a 47.83% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Michael Turner sold 18,256 shares of the company’s stock in a transaction that occurred on Wednesday, September 16th. The shares were sold at an average price of $16.24, for a total value of $296,477.44. Following the completion of the sale, the insider directly owned 179,521 shares in the company, valued at approximately $2,915,421.04. The trade was a 9.23% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last quarter, insiders sold 178,063 shares of company stock valued at $2,766,317.

Institutional Trading of HawkEye 360

Several institutional investors and hedge funds have recently made changes to their positions in the stock. State Street Corp purchased a new stake in HawkEye 360 during the 2nd quarter worth about $1,658,000. HBK Investments L P purchased a new position in HawkEye 360 in the 2nd quarter valued at about $1,011,000. Tidal Investments LLC acquired a new stake in shares of HawkEye 360 during the 2nd quarter worth about $5,260,000. Squarepoint Ops LLC acquired a new stake in shares of HawkEye 360 during the 2nd quarter worth about $434,000. Finally, Readystate Asset Management LP purchased a new stake in shares of HawkEye 360 during the second quarter worth about $455,000.

About HawkEye 360

HawkEye 360 Inc is a geospatial intelligence company that uses a commercial satellite constellation to detect, characterize and geolocate radio-frequency (RF) signals from space. Its technology helps identify activity associated with communications, navigation and other electromagnetic-spectrum sources that may not be visible through traditional imagery.

The company provides RF data, analytics and intelligence products designed to support defense and national security missions, maritime domain awareness, border and infrastructure monitoring, spectrum management and other applications.