HawkEye 360 (NYSE:HAWK) Stock Rating Upgraded by Wall Street Zen

Key Points

• Wall Street Zen upgraded HawkEye 360 from “sell” to “hold,” while the broader analyst consensus remains “Moderate Buy” with an average price target of $36.89.
• HawkEye 360 shares opened at $22.78 and were down 6.5%, trading well below their 52-week high of $35.73; the company’s market capitalization was approximately $2.23 billion.
• The company reported quarterly adjusted EPS of -$0.07, beating the consensus estimate of -$0.13, alongside revenue of $49.81 million.

HawkEye 360 (NYSE:HAWK - Get Free Report) was upgraded by investment analysts at Wall Street Zen from a "sell" rating to a "hold" rating in a report released on Saturday.

A number of other brokerages have also recently commented on HAWK. Bank of America started coverage on HawkEye 360 in a report on Monday, June 1st. They set a "neutral" rating and a $34.00 target price on the stock. Royal Bank Of Canada reduced their price objective on HawkEye 360 from $40.00 to $33.00 and set an "outperform" rating on the stock in a research report on Tuesday, June 23rd. UBS Group set a $42.00 price objective on HawkEye 360 in a research note on Monday, June 1st. Morgan Stanley initiated coverage on HawkEye 360 in a research report on Monday, June 1st. They set an "overweight" rating and a $41.00 price objective for the company. Finally, Jefferies Financial Group raised shares of HawkEye 360 from a "hold" rating to a "buy" rating and set a $34.00 target price for the company in a research note on Monday, June 15th. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and two have given a Hold rating to the company. According to MarketBeat, HawkEye 360 presently has a consensus rating of "Moderate Buy" and a consensus price target of $36.89.

HawkEye 360 Trading Down 6.5%

HawkEye 360 stock opened at $22.78 on Friday. The firm has a market capitalization of $2.23 billion, a P/E ratio of -11.46 and a beta of 0.72. HawkEye 360 has a one year low of $17.02 and a one year high of $35.73. The firm has a fifty day simple moving average of $21.77.

HawkEye 360 (NYSE:HAWK - Get Free Report) last announced its quarterly earnings results on Thursday, August 13th. The company reported ($0.07) EPS for the quarter, topping the consensus estimate of ($0.13) by $0.06. The firm 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.

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