HawkEye 360, Inc. (NYSE:HAWK) Stock Has Consensus Target Price of $33.70

Key Points

• Analysts maintain a “Moderate Buy” consensus on HawkEye 360, with eight buy ratings, two strong-buy ratings, one hold and one sell. The average 12-month price target is $33.70, well above the stock’s recent $14.87 price.
• HawkEye 360’s shares have weakened, trading near their one-year low of $14.51 and below the 50-day moving average of $19.38. Recent analyst actions were mixed, including rating upgrades but several reduced price targets.
• Insiders have sold 178,063 shares worth approximately $2.77 million over the past 90 days, while institutional investors—including Tidal Investments and State Street—established new positions during the second quarter. The company also beat quarterly EPS estimates, reporting a loss of $0.07 per share versus the expected $0.13 loss.

HawkEye 360, Inc. (NYSE:HAWK - Get Free Report) has been assigned a consensus recommendation of "Moderate Buy" from the twelve brokerages that are currently covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, one has issued a hold recommendation, eight have given a buy recommendation and two have given a strong buy recommendation to the company. The average 12 month price target among brokers that have covered the stock in the last year is $33.70.

Several brokerages have issued reports on HAWK. Berenberg Bank set a $24.00 target price on HawkEye 360 and gave the company a "buy" rating in a research report on Wednesday, September 2nd. Royal Bank Of Canada decreased their price objective on HawkEye 360 from $33.00 to $28.00 and set an "outperform" rating for the company in a research note on Wednesday. Bank of America raised HawkEye 360 from a "neutral" rating to a "buy" rating and dropped their price objective for the company from $34.00 to $23.00 in a research report on Thursday, September 17th. Weiss Ratings started coverage on shares of HawkEye 360 in a report on Friday, August 14th. They issued a "sell (d)" rating for the company. Finally, Jefferies Financial Group lowered 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.

Insiders Place Their Bets

In other HawkEye 360 news, CEO John Sheldon Serafini sold 92,329 shares of the company's stock in a transaction that occurred on Thursday, October 1st. The shares were sold at an average price of $14.78, for a total transaction of $1,364,622.62. Following the transaction, the chief executive officer owned 554,972 shares in the company, valued at approximately $8,202,486.16. This represents a 14.26% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Craig Chih-Meng Searle sold 9,228 shares of the firm's stock in a transaction on Tuesday, September 15th. The stock was sold at an average price of $16.29, for a total value of $150,324.12. Following the completion of the transaction, the chief financial officer owned 209,228 shares of the company's stock, valued at $3,408,324.12. This trade represents a 4.22% decrease in their position. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold 178,063 shares of company stock valued at $2,766,317 in the last 90 days. Corporate insiders own 3.80% of the company's stock.

Institutional Investors Weigh In On HawkEye 360

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

HawkEye 360 Price Performance

NYSE:HAWK opened at $14.87 on Friday. The firm has a 50-day simple moving average of $19.38. HawkEye 360 has a one year low of $14.51 and a one year high of $35.73.

HawkEye 360 (NYSE:HAWK - Get Free Report) last issued its quarterly earnings data on Thursday, August 13th. The company reported ($0.07) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.13) by $0.06. The business had revenue of $49.81 million for the quarter. Research analysts forecast that HawkEye 360 will post -0.01 earnings per share for the current year.

About HawkEye 360

HawkEye 360 Inc is a geospatial intelligence company that uses a commercial satellite constellation to detect, characterize and geolocate radio-frequency (RF) signals from space. Its technology helps identify activity associated with communications, navigation and other electromagnetic-spectrum sources that may not be visible through traditional imagery.

The company provides RF data, analytics and intelligence products designed to support defense and national security missions, maritime domain awareness, border and infrastructure monitoring, spectrum management and other applications.

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