Brokerages Set HawkEye 360, Inc. (NYSE:HAWK) Price Target at $38.38

HawkEye 360, Inc. (NYSE:HAWK) has received a consensus rating of “Moderate Buy” from the ten ratings firms that are covering the stock, MarketBeat.com reports. Two investment analysts have rated the stock with a hold recommendation, seven have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $36.8889.

Several analysts have recently commented on HAWK shares. Morgan Stanley started coverage on shares of HawkEye 360 in a report on Monday, June 1st. They issued an “overweight” rating and a $41.00 target price for the company. Royal Bank Of Canada reduced their price objective on shares of HawkEye 360 from $40.00 to $33.00 and set an “outperform” rating for the company in a research report on Tuesday, June 23rd. William Blair began coverage on shares of HawkEye 360 in a research note on Monday, June 1st. They issued an “outperform” rating for the company. Robert W. Baird assumed coverage on HawkEye 360 in a research note on Monday, June 1st. They issued an “outperform” rating and a $41.00 target price on the stock. Finally, Zacks Research raised HawkEye 360 to a “hold” rating in a report on Tuesday, June 2nd.

HawkEye 360 Price Performance

Shares of HawkEye 360 stock opened at $19.70 on Tuesday. The stock’s fifty day moving average is $23.70. HawkEye 360 has a 12-month low of $17.02 and a 12-month high of $35.73. The company has a market capitalization of $1.93 billion, a P/E ratio of -11.46 and a beta of 0.72.

HawkEye 360 (NYSE:HAWK) last issued its quarterly earnings data on Monday, June 22nd. The company reported ($0.45) earnings per share for the quarter, missing the consensus estimate of ($0.05) by ($0.40). The business had revenue of $49.80 million during the quarter, compared to analyst estimates of $48.26 million.

Insider Transactions at HawkEye 360

In other HawkEye 360 news, Director Francis Alphonse Finelli acquired 9,615 shares of HawkEye 360 stock in a transaction on Friday, May 8th. The stock was purchased at an average price of $26.00 per share, for a total transaction of $249,990.00. Following the purchase, the director directly owned 9,615 shares of the company’s stock, valued at $249,990. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 3.80% of the stock is owned by company insiders.

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.