HawkEye 360, Inc. (NYSE:HAWK) Receives $35.30 Consensus Target Price from Analysts

HawkEye 360, Inc. (NYSE:HAWK) has been given an average rating of “Moderate Buy” by the twelve research firms that are currently covering the company, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, seven have given a buy rating and two have issued a strong buy rating on the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $35.30.

HAWK has been the subject of a number of research reports. Bank of America began coverage on shares of HawkEye 360 in a research report on Monday, June 1st. They set a “neutral” rating and a $34.00 target price for the company. Raymond James Financial assumed coverage on HawkEye 360 in a research note on Monday, June 1st. They set a “strong-buy” rating and a $40.00 target price for the company. Jefferies Financial Group lowered their price objective on shares of HawkEye 360 from $34.00 to $31.00 and set a “buy” rating for the company in a research report on Monday, August 17th. Weiss Ratings started coverage on HawkEye 360 in a research note on Friday, August 14th. They set a “sell (d)” rating on the stock. Finally, Craig Hallum assumed coverage on HawkEye 360 in a research note on Monday, July 27th. They set a “buy” rating and a $25.00 target price for the company.

HawkEye 360 Stock Up 0.1%

HawkEye 360 stock opened at $16.31 on Wednesday. HawkEye 360 has a fifty-two week low of $16.04 and a fifty-two week high of $35.73. The firm has a 50-day moving average price of $20.38.

HawkEye 360 (NYSE:HAWK) last posted its quarterly earnings data on Thursday, August 13th. The company reported ($0.07) EPS for the quarter, beating the consensus estimate of ($0.13) by $0.06. The company had revenue of $49.81 million for the quarter. On average, equities research analysts expect that HawkEye 360 will post -0.01 EPS for the current year.

Hedge Funds Weigh In On HawkEye 360

Institutional investors and hedge funds have recently modified their holdings of the stock. Alyeska Investment Group L.P. acquired a new stake in shares of HawkEye 360 in the second quarter worth about $5,358,000. Tidal Investments LLC bought a new position in HawkEye 360 during the 2nd quarter valued at about $5,260,000. Readystate Asset Management LP bought a new position in shares of HawkEye 360 in the second quarter valued at about $455,000. Finally, Squarepoint Ops LLC acquired a new stake in shares of HawkEye 360 in the 2nd quarter valued at $434,000.

About HawkEye 360

HawkEye 360 Inc is a space-based data and analytics company that detects, geolocates and characterizes radio-frequency (RF) signals from orbit. Its satellite constellation collects RF emissions from sources such as communications, navigation and radar systems, helping customers identify activity and patterns that may not be visible through traditional imaging or ground-based monitoring.

The company combines satellite-collected RF data with cloud-based analytics and geospatial tools. Its products and services are designed to support defense and intelligence operations, maritime domain awareness, spectrum monitoring, border and infrastructure security, disaster response, and other applications requiring persistent monitoring of activity across wide geographic areas.