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

Shares of HawkEye 360, Inc. (NYSE:HAWK) have earned an average rating of “Moderate Buy” from the nine analysts that are currently covering the firm, Marketbeat.com reports. Two research analysts have rated the stock with a hold recommendation, six have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $38.3750.

Several research analysts have recently commented on the company. Robert W. Baird initiated coverage on HawkEye 360 in a report on Monday, June 1st. They issued an “outperform” rating and a $41.00 target price on the stock. William Blair initiated coverage on HawkEye 360 in a research report on Monday, June 1st. They issued an “outperform” rating for the company. Royal Bank Of Canada reduced their price objective on HawkEye 360 from $40.00 to $33.00 and set an “outperform” rating on the stock in a research note on Tuesday, June 23rd. Morgan Stanley began coverage on HawkEye 360 in a research note on Monday, June 1st. They issued an “overweight” rating and a $41.00 target price for the company. Finally, Bank of America initiated coverage on HawkEye 360 in a report on Monday, June 1st. They issued a “neutral” rating and a $34.00 price target for the company.

HawkEye 360 Stock Up 6.9%

Shares of HawkEye 360 stock opened at $20.47 on Tuesday. HawkEye 360 has a 12-month low of $17.02 and a 12-month high of $35.73. The firm has a market cap of $2.01 billion, a PE ratio of -11.46 and a beta of 0.72. The stock’s 50-day moving average price is $24.18.

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 for the quarter, compared to analysts’ expectations of $48.26 million.

Insider Buying and Selling at HawkEye 360

In related news, Director Francis Alphonse Finelli bought 9,615 shares of HawkEye 360 stock in a transaction dated Friday, May 8th. The shares were bought at an average cost of $26.00 per share, for a total transaction of $249,990.00. Following the completion of the transaction, the director owned 9,615 shares of the company’s stock, valued at approximately $249,990. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Corporate insiders own 3.80% of the company’s stock.

HawkEye 360 Company Profile

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.