HawkEye 360 (NYSE:HAWK) Announces Quarterly Earnings Results

HawkEye 360 (NYSE:HAWK) announced its quarterly earnings data on Monday. The company reported ($0.45) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.40), Zacks reports.

HawkEye 360 Stock Performance

NYSE HAWK opened at $22.85 on Monday. The company has a market capitalization of $2.13 billion, a PE ratio of -11.46 and a beta of 0.72. HawkEye 360 has a 12-month low of $22.25 and a 12-month high of $35.73.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on HAWK. Jefferies Financial Group upgraded shares of HawkEye 360 from a “hold” rating to a “buy” rating and set a $34.00 price target for the company in a research report on Monday, June 15th. Morgan Stanley initiated 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. Royal Bank Of Canada started coverage on shares of HawkEye 360 in a research report on Monday, June 1st. They set an “outperform” rating and a $40.00 target price for the company. The Goldman Sachs Group began coverage on shares of HawkEye 360 in a report on Monday, June 1st. They issued a “buy” rating and a $42.00 price target on the stock. Finally, Bank of America began coverage on HawkEye 360 in a research note on Monday, June 1st. They issued a “neutral” rating and a $34.00 price objective on the stock. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $39.25.

Insiders Place Their Bets

In other HawkEye 360 news, Director Francis Alphonse Finelli acquired 9,615 shares of HawkEye 360 stock in a transaction that occurred on Friday, May 8th. The stock was acquired at an average cost of $26.00 per share, for a total transaction of $249,990.00. Following the purchase, the director owned 9,615 shares of the company’s stock, valued at approximately $249,990. This represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 3.80% of the company’s stock.

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.