HawkEye 360 (NYSE:HAWK) Downgraded by Wall Street Zen to Sell

Wall Street Zen cut shares of HawkEye 360 (NYSE:HAWK) from a hold rating to a sell rating in a research note released on Saturday,Wall Street Zen reports.

HAWK has been the topic of a number of other research reports. Zacks Research raised HawkEye 360 to a “hold” rating in a research report on Tuesday, June 2nd. Robert W. Baird started coverage on shares of HawkEye 360 in a report on Monday, June 1st. They issued an “outperform” rating and a $41.00 target price for the company. Royal Bank Of Canada decreased 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. 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. Finally, Morgan Stanley started coverage on shares of HawkEye 360 in a research report on Monday, June 1st. They issued an “overweight” rating and a $41.00 price objective on the stock. Two research analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $34.20.

HawkEye 360 Price Performance

Shares of NYSE HAWK opened at $16.32 on Friday. HawkEye 360 has a twelve month low of $15.71 and a twelve month high of $35.73. The firm’s fifty day moving average price is $20.07.

HawkEye 360 (NYSE:HAWK) last posted its quarterly earnings results on Thursday, August 13th. The company reported ($0.07) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 -0.04 earnings per share for the current fiscal year.

Insider Buying and Selling at HawkEye 360

In other HawkEye 360 news, Director Arthur Money sold 50,000 shares of the firm’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 completion of the sale, the director owned 54,545 shares of the company’s stock, valued at approximately $895,083.45. This trade represents a 47.83% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Craig Chih-Meng Searle sold 9,228 shares of the business’s stock in a transaction dated Tuesday, September 15th. The stock was sold at an average price of $16.29, for a total value of $150,324.12. Following the sale, the chief financial officer owned 209,228 shares in the company, valued at $3,408,324.12. The trade was 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. Over the last ninety days, insiders sold 85,734 shares of company stock worth $1,401,694. 3.80% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Alyeska Investment Group L.P. acquired a new stake in shares of HawkEye 360 in the second quarter worth $5,358,000. Tidal Investments LLC acquired a new position in HawkEye 360 during the second quarter valued at $5,260,000. HBK Investments L P purchased a new stake in HawkEye 360 in the second quarter valued at $1,011,000. Readystate Asset Management LP purchased a new stake in HawkEye 360 in the second quarter valued at $455,000. Finally, Squarepoint Ops LLC acquired a new stake in HawkEye 360 during the 2nd quarter worth about $434,000.

More HawkEye 360 News

Here are the key news stories impacting HawkEye 360 this week:

• Positive Sentiment: Bank of America upgraded HAWK from “Neutral” to “Buy,” citing an attractive valuation and saying the company’s underlying business remains strong despite the broader space and defense-sector selloff. BofA’s $23 price target implies substantial upside from recent levels, although it was reduced from $34, reflecting a more cautious outlook. BofA Securities upgrade
• Positive Sentiment: HawkEye 360 established a base in Luxembourg as it expands in Europe. The new presence could improve access to European defense, intelligence and sovereign-security contracts and support demand for its satellite-based radio-frequency intelligence products. Luxembourg expansion
• Neutral Sentiment: Recent quarterly results were better than expected: HawkEye 360 reported a $0.07 per-share loss versus the consensus estimate of a $0.13 loss, alongside $49.81 million in revenue. Analysts expect the company to remain near breakeven, forecasting a $0.01 per-share loss for the full year.
• Negative Sentiment: Insiders sold a combined 35,734 shares in reported transactions, including sales by CFO Craig Searle and insider Michael Turner. The trades were made under a pre-arranged Rule 10b5-1 plan or to cover tax withholding on vested equity awards, which makes them less concerning than discretionary selling, but the transactions may still create a near-term supply overhang. HawkEye 360 insider sales

HawkEye 360 Company Profile

HawkEye 360 Inc is a space-based data and analytics company that detects, geolocates and characterizes radio-frequency (RF) signals from orbit. Its satellite constellation collects RF emissions from sources such as communications, navigation and radar systems, helping customers identify activity and patterns that may not be visible through traditional imaging or ground-based monitoring.

The company combines satellite-collected RF data with cloud-based analytics and geospatial tools. Its products and services are designed to support defense and intelligence operations, maritime domain awareness, spectrum monitoring, border and infrastructure security, disaster response, and other applications requiring persistent monitoring of activity across wide geographic areas.