HawkEye 360 (NYSE:HAWK) Upgraded by Berenberg Bank to "Strong-Buy" Rating

Key Points

• Berenberg Bank upgraded HawkEye 360 to “strong buy,” adding to generally positive analyst sentiment. The stock has a “Moderate Buy” consensus rating and an average price target of $35.30.
• HawkEye 360 shares opened at $17.27 and were down 2.2%, near the company’s 12-month low of $17.02. The stock’s 12-month high is $35.73.
• The company reported quarterly EPS of negative $0.07, beating the consensus estimate of negative $0.13, on revenue of $49.81 million. Readystate Asset Management also purchased 22,500 shares worth approximately $455,000.

HawkEye 360 (NYSE:HAWK - Get Free Report) was upgraded by analysts at Berenberg Bank to a "strong-buy" rating in a research note issued on Wednesday, Zacks reports.

A number of other equities research analysts also recently weighed in on HAWK. Robert W. Baird began coverage on HawkEye 360 in a report on Monday, June 1st. They issued an "outperform" rating and a $41.00 target price for the company. William Blair assumed coverage on shares of HawkEye 360 in a research report on Monday, June 1st. They set an "outperform" rating on the stock. Craig Hallum initiated coverage on shares of HawkEye 360 in a research note on Monday, July 27th. They issued a "buy" rating and a $25.00 price target for the company. Bank of America started coverage on shares of HawkEye 360 in a research report on Monday, June 1st. They set a "neutral" rating and a $34.00 price objective on the stock. Finally, Weiss Ratings initiated coverage on HawkEye 360 in a research note on Friday, August 14th. They set a "sell (d)" rating on the stock. Two analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $35.30.

HawkEye 360 Trading Down 2.2%

Shares of HawkEye 360 stock opened at $17.27 on Wednesday. HawkEye 360 has a twelve month low of $17.02 and a twelve month high of $35.73. The business has a fifty day simple moving average of $20.88.

HawkEye 360 (NYSE:HAWK - Get Free Report) last announced its earnings results on Thursday, August 13th. The company reported ($0.07) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.13) by $0.06. The company had revenue of $49.81 million for the quarter. As a group, sell-side analysts predict that HawkEye 360 will post -0.01 earnings per share for the current fiscal year.

Institutional Investors Weigh In On HawkEye 360

A hedge fund recently bought a new stake in HawkEye 360 stock. Readystate Asset Management LP bought a new position in shares of HawkEye 360, Inc. (NYSE:HAWK - Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 22,500 shares of the company's stock, valued at approximately $455,000.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source