HawkEye 360, Inc. (NYSE:HAWK) Stock Has Average Target Price of $32.00

Shares of HawkEye 360, Inc. (NYSE:HAWK - Get Free Report) have been assigned an average rating of "Moderate Buy" from the thirteen analysts that are presently covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation, nine have issued a buy recommendation and two have issued a strong buy recommendation on the company. The average twelve-month target price among analysts that have covered the stock in the last year is $32.00.

Several research firms have commented on HAWK. Bank of America upgraded HawkEye 360 from a "neutral" rating to a "buy" rating and cut their target price for the company from $34.00 to $23.00 in a research note on Thursday, September 17th. Jefferies Financial Group reduced their price target on HawkEye 360 from $34.00 to $31.00 and set a "buy" rating for the company in a research report on Monday, August 17th. Royal Bank Of Canada decreased their price target on shares of HawkEye 360 from $28.00 to $21.00 and set an "outperform" rating for the company in a research note on Wednesday. Craig Hallum assumed coverage on shares of HawkEye 360 in a report on Monday, July 27th. They issued a "buy" rating and a $25.00 price objective on the stock. Finally, Piper Sandler began coverage on shares of HawkEye 360 in a research report on Thursday, October 15th. They issued an "overweight" rating and a $22.00 price objective on the stock.

Insider Buying and Selling at HawkEye 360

In related news, insider Michael S. Turner sold 18,256 shares of the company's stock in a transaction dated Wednesday, September 16th. The stock was sold at an average price of $16.24, for a total transaction of $296,477.44. Following the sale, the insider owned 179,521 shares in the company, valued at approximately $2,915,421.04. This represents a 9.23% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 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 company's stock in a transaction dated Friday, September 11th. The stock was sold at an average price of $16.41, for a total value of $820,500.00. Following the sale, the director owned 54,545 shares in the company, valued at $895,083.45. The trade was 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 178,063 shares of company stock valued at $2,766,317 over the last quarter.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of HAWK. State of Alaska Department of Revenue acquired a new stake in shares of HawkEye 360 in the 3rd quarter valued at approximately $62,000. Squarepoint Ops LLC bought a new position in shares of HawkEye 360 in the second quarter valued at $434,000. Readystate Asset Management LP bought a new position in shares of HawkEye 360 in the second quarter valued at $455,000. HBK Investments L P acquired a new position in HawkEye 360 during the second quarter worth $1,011,000. Finally, State Street Corp acquired a new position in HawkEye 360 during the second quarter worth $1,658,000.

HawkEye 360 Price Performance

HAWK opened at $13.25 on Thursday. The firm has a market cap of $1.30 billion and a P/E ratio of -25.48. The firm has a 50-day moving average price of $15.94. HawkEye 360 has a 1 year low of $11.25 and a 1 year high of $35.73.

HawkEye 360 (NYSE:HAWK - Get Free Report) last posted its quarterly earnings data on Thursday, August 13th. The company reported ($0.07) earnings per share for the quarter, topping the consensus estimate of ($0.13) by $0.06. The firm had revenue of $49.81 million for the quarter. Research analysts expect that HawkEye 360 will post -0.67 EPS for the current year.

About HawkEye 360

HawkEye 360 is a geospatial intelligence company that uses satellite-based radio-frequency (RF) data to detect, geolocate, characterize and monitor signals emitted by devices and systems on Earth. Its technology can help identify activity that may not be visible through conventional optical imagery, supporting awareness of maritime, terrestrial and airborne environments.

The company operates a commercial satellite constellation in coordinated formations and combines RF observations with cloud-based processing, analytics and other geospatial data.

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