HawkEye 360 (NYSE:HAWK) Releases Quarterly Earnings Results, Misses Expectations By $0.40 EPS

HawkEye 360 (NYSE:HAWK) announced its quarterly earnings data on Monday. The company reported ($0.45) EPS for the quarter, missing the consensus estimate of ($0.05) by ($0.40), Zacks reports.

HawkEye 360 Stock Down 2.9%

Shares of NYSE:HAWK opened at $22.23 on Tuesday. The firm has a market capitalization of $2.07 billion, a PE ratio of -11.46 and a beta of 0.72. HawkEye 360 has a 52 week low of $21.50 and a 52 week high of $35.73.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on HAWK. Wall Street Zen raised shares of HawkEye 360 from a “strong sell” rating to a “sell” rating in a research note on Monday. Jefferies Financial Group upgraded shares of HawkEye 360 from a “hold” rating to a “buy” rating and set a $34.00 price target on the stock in a research report on Monday, June 15th. Royal Bank Of Canada started coverage on HawkEye 360 in a research report on Monday, June 1st. They set an “outperform” rating and a $40.00 price objective for the company. Raymond James Financial started coverage on HawkEye 360 in a research note on Monday, June 1st. They issued a “strong-buy” rating and a $40.00 target price on the stock. Finally, Zacks Research raised HawkEye 360 to a “hold” rating in a report on Tuesday, June 2nd. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $39.25.

Insiders Place Their Bets

In other HawkEye 360 news, Director Francis Alphonse Finelli purchased 9,615 shares of the firm’s stock in a transaction on Friday, May 8th. The shares were purchased at an average cost of $26.00 per share, with a total value of $249,990.00. Following the purchase, the director owned 9,615 shares in the company, valued at approximately $249,990. This represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Company insiders own 3.80% of the company’s stock.

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.