HawkEye 360 (NYSE:HAWK) Rating Increased to Hold at Wall Street Zen

Wall Street Zen upgraded shares of HawkEye 360 (NYSE:HAWK) from a sell rating to a hold rating in a research report report published on Saturday.

Other research analysts also recently issued reports about the company. UBS Group set a $42.00 price target on HawkEye 360 in a research note on Monday, June 1st. Royal Bank Of Canada reduced their price objective 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. Zacks Research raised HawkEye 360 to a “hold” rating in a research report on Tuesday, June 2nd. The Goldman Sachs Group started coverage on HawkEye 360 in a report on Monday, June 1st. They issued a “buy” rating and a $42.00 target price on the stock. Finally, Craig Hallum initiated coverage on shares of HawkEye 360 in a research report on Monday, July 27th. They issued a “buy” rating and a $25.00 price target for the company. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, HawkEye 360 presently has a consensus rating of “Moderate Buy” and an average price target of $36.89.

HawkEye 360 Price Performance

Shares of NYSE:HAWK opened at $22.78 on Friday. HawkEye 360 has a 1 year low of $17.02 and a 1 year high of $35.73. The company has a 50-day simple moving average of $21.77. The firm has a market cap of $2.23 billion, a P/E ratio of -11.46 and a beta of 0.72.

HawkEye 360 (NYSE:HAWK) last issued its earnings results on Thursday, August 13th. The company reported ($0.07) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.13) by $0.06. The company had revenue of $49.81 million for the quarter.

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.