HawkEye 360 (NYSE:HAWK) Stock Price Target Lowered at Royal Bank Of Canada

HawkEye 360 (NYSE:HAWK) had its price objective cut by equities research analysts at Royal Bank Of Canada from $33.00 to $28.00 in a research note issued on Wednesday, Benzinga reports. The firm currently has an “outperform” rating on the stock. Royal Bank Of Canada’s target price would indicate a potential upside of 81.94% from the company’s current price.

A number of other research firms also recently issued reports on HAWK. Zacks Research raised shares of HawkEye 360 to a “hold” rating in a report on Tuesday, June 2nd. Jefferies Financial Group cut their price target on shares of HawkEye 360 from $34.00 to $31.00 and set a “buy” rating on the stock in a report on Monday, August 17th. Craig Hallum began coverage on shares of HawkEye 360 in a research note on Monday, July 27th. They issued a “buy” rating and a $25.00 price objective for the company. Wall Street Zen downgraded HawkEye 360 from a “hold” rating to a “sell” rating in a research note on Saturday, September 19th. Finally, Berenberg Bank set a $24.00 price target on HawkEye 360 and gave the company a “buy” rating in a research report on Wednesday, September 2nd. Two equities research analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $33.70.

HawkEye 360 Stock Down 0.8%

Shares of NYSE HAWK opened at $15.39 on Wednesday. HawkEye 360 has a 1 year low of $15.25 and a 1 year high of $35.73. The firm’s 50-day simple moving average is $19.66.

HawkEye 360 (NYSE:HAWK) last released its quarterly earnings results on Thursday, August 13th. The company reported ($0.07) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.13) by $0.06. The company had revenue of $49.81 million for the quarter. As a group, research analysts anticipate that HawkEye 360 will post -0.01 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, insider Michael S. Turner sold 18,256 shares of the stock in a transaction dated Wednesday, September 16th. The shares were sold at an average price of $16.24, for a total value of $296,477.44. Following the sale, the insider directly owned 179,521 shares of the company’s stock, valued at approximately $2,915,421.04. This represents a 9.23% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Arthur L. Money sold 50,000 shares of the business’s stock in a transaction that occurred on Friday, September 11th. The shares were sold at an average price of $16.41, for a total transaction of $820,500.00. Following the transaction, the director directly owned 54,545 shares of the company’s stock, valued at approximately $895,083.45. This represents a 47.83% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 85,734 shares of company stock worth $1,401,694 over the last 90 days.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Squarepoint Ops LLC purchased a new position in HawkEye 360 during the second quarter worth about $434,000. Readystate Asset Management LP purchased a new position in HawkEye 360 in the 2nd quarter worth approximately $455,000. HBK Investments L P bought a new position in shares of HawkEye 360 in the 2nd quarter worth $1,011,000. State Street Corp purchased a new stake in shares of HawkEye 360 during the 2nd quarter valued at $1,658,000. Finally, Tidal Investments LLC purchased a new position in HawkEye 360 in the second quarter worth $5,260,000.

HawkEye 360 Company Profile

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.