HawkEye 360 (NYSE:HAWK) Given New $31.00 Price Target at Jefferies Financial Group

Key Points

• Jefferies lowered HawkEye 360’s price target to $31 from $34 while maintaining a “buy” rating, implying 36.5% upside from the stock’s $22.71 price.
• Analyst sentiment remains positive overall, with the company holding a “Moderate Buy” consensus rating and an average price target of $36.56.
• HawkEye 360 reported quarterly EPS of $(0.07), beating consensus estimates of $(0.13), on revenue of $49.81 million.

HawkEye 360 (NYSE:HAWK - Get Free Report) had its price target reduced by research analysts at Jefferies Financial Group from $34.00 to $31.00 in a note issued to investors on Monday,Benzinga reports. The brokerage presently has a "buy" rating on the stock. Jefferies Financial Group's price objective would indicate a potential upside of 36.50% from the stock's current price.

A number of other equities analysts have also recently issued reports on the stock. The Goldman Sachs Group started coverage on shares of HawkEye 360 in a research note on Monday, June 1st. They issued a "buy" rating and a $42.00 price target on the stock. William Blair initiated coverage on shares of HawkEye 360 in a research note on Monday, June 1st. They set an "outperform" rating for the company. Bank of America assumed coverage on shares of HawkEye 360 in a research note on Monday, June 1st. They issued a "neutral" rating and a $34.00 target price on the stock. Robert W. Baird started coverage on shares of HawkEye 360 in a report on Monday, June 1st. They set an "outperform" rating and a $41.00 price target on the stock. Finally, Royal Bank Of Canada reduced their price target on shares of HawkEye 360 from $40.00 to $33.00 and set an "outperform" rating for the company in a research report on Tuesday, June 23rd. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and two have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $36.56.

HawkEye 360 Stock Down 0.3%

HAWK traded down $0.07 during midday trading on Monday, reaching $22.71. 213,113 shares of the company's stock traded hands, compared to its average volume of 1,132,630. HawkEye 360 has a 52 week low of $17.02 and a 52 week high of $35.73. The firm has a fifty day moving average price of $21.77. The company has a market cap of $2.22 billion, a PE ratio of -11.46 and a beta of 0.72.

HawkEye 360 (NYSE:HAWK - Get Free Report) last announced its earnings results on Thursday, August 13th. The company reported ($0.07) earnings per share for the quarter, beating analysts' consensus estimates of ($0.13) by $0.06. The company had revenue of $49.81 million for the quarter.

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