HawkEye 360, Inc. (NYSE:HAWK) Given Consensus Recommendation of "Moderate Buy" by Brokerages

Key Points

• Analysts give HawkEye 360 a “Moderate Buy” consensus: Seven analysts rate it a buy, two a strong buy, two a hold, and one a sell. The average 12-month price target is $35.30.
• HAWK stock opened at $17.68, near its 52-week low of $16.91 and below its 50-day moving average of $20.66. The shares were reported up 1.8%.
• HawkEye 360 reported quarterly EPS of $(0.07), beating estimates of $(0.13), on revenue of $49.81 million. Several institutional investors, including Alyeska Investment Group, recently established new positions.

HawkEye 360, Inc. (NYSE:HAWK - Get Free Report) has received a consensus recommendation of "Moderate Buy" from the twelve analysts that are currently covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, two have issued a hold recommendation, seven have issued a buy recommendation and two have given a strong buy recommendation to the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $35.30.

A number of brokerages have recently weighed in on HAWK. Wall Street Zen raised shares of HawkEye 360 from a "sell" rating to a "hold" rating in a report on Saturday, August 15th. UBS Group set a $42.00 price target on HawkEye 360 in a research report on Monday, June 1st. Raymond James Financial started coverage on HawkEye 360 in a research note on Monday, June 1st. They set a "strong-buy" rating and a $40.00 price target on the stock. Zacks Research upgraded HawkEye 360 to a "hold" rating in a research note on Tuesday, June 2nd. Finally, Weiss Ratings assumed coverage on HawkEye 360 in a report on Friday, August 14th. They set a "sell (d)" rating for the company.

HawkEye 360 Stock Up 1.8%

HAWK stock opened at $17.68 on Wednesday. The stock has a 50 day moving average of $20.66. HawkEye 360 has a 52 week low of $16.91 and a 52 week high of $35.73.

HawkEye 360 (NYSE:HAWK - Get Free Report) last issued 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, equities research analysts forecast that HawkEye 360 will post -0.01 EPS for the current fiscal year.

Institutional Trading of HawkEye 360

Institutional investors and hedge funds have recently bought and sold shares of the business. Alyeska Investment Group L.P. acquired a new stake in shares of HawkEye 360 in the second quarter worth $5,358,000. Readystate Asset Management LP acquired a new position in HawkEye 360 during the second quarter valued at $455,000. Finally, Squarepoint Ops LLC purchased a new stake in HawkEye 360 in the second quarter valued at $434,000.

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.

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