HawkEye 360, Inc. (NYSE:HAWK) Stock Has Average Target Price of $32.00 According to Brokerages

HawkEye 360, Inc. (NYSE:HAWK) has received a consensus rating of “Moderate Buy” from the thirteen analysts that are currently covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, one has assigned a hold rating, nine have given a buy rating and two have assigned a strong buy rating to the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $32.00.

A number of equities analysts have issued reports on HAWK shares. Berenberg Bank started coverage on shares of HawkEye 360 in a research report on Wednesday, September 2nd. They set a “buy” rating and a $24.00 target price for the company. Craig Hallum assumed coverage on HawkEye 360 in a research report on Monday, July 27th. They set a “buy” rating and a $25.00 price target on the stock. Wall Street Zen downgraded HawkEye 360 from a “hold” rating to a “sell” rating in a report on Saturday, September 19th. Royal Bank Of Canada reduced their price objective on HawkEye 360 from $28.00 to $21.00 and set an “outperform” rating for the company in a research report on Wednesday, October 28th. Finally, Bank of America upgraded shares of HawkEye 360 from a “neutral” rating to a “buy” rating and cut their price objective for the company from $34.00 to $23.00 in a research note on Thursday, September 17th.

HawkEye 360 Stock Performance

Shares of HawkEye 360 stock opened at $13.39 on Thursday. The company has a 50 day moving average of $15.19. HawkEye 360 has a 52 week low of $11.25 and a 52 week high of $35.73.

HawkEye 360 (NYSE:HAWK) last announced its earnings results on Thursday, August 13th. The company reported ($0.07) EPS for the quarter, beating analysts’ consensus estimates of ($0.13) by $0.06. The business had revenue of $49.81 million during the quarter. Analysts anticipate that HawkEye 360 will post -0.67 EPS for the current fiscal year.

Insider Activity

In related news, CFO Craig Chih-Meng Searle sold 9,228 shares of the stock in a transaction that occurred on Tuesday, September 15th. The stock was sold at an average price of $16.29, for a total transaction of $150,324.12. Following the completion of the transaction, the chief financial officer directly owned 209,228 shares of the company’s stock, valued at approximately $3,408,324.12. This represents a 4.22% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO John 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 value of $1,364,622.62. Following the completion of the transaction, the chief executive officer directly owned 554,972 shares in the company, valued at $8,202,486.16. The trade was a 14.26% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders have sold 178,063 shares of company stock valued at $2,766,317. 3.80% of the stock is owned by corporate insiders.

Institutional Trading of HawkEye 360

Several hedge funds and other institutional investors have recently made changes to their positions in HAWK. Alyeska Investment Group L.P. purchased a new stake in HawkEye 360 during the second quarter worth about $5,358,000. Tidal Investments LLC bought a new stake in shares of HawkEye 360 during the 2nd quarter valued at about $5,260,000. State Street Corp bought a new stake in HawkEye 360 during the second quarter valued at about $1,658,000. HBK Investments L P purchased a new position in shares of HawkEye 360 in the second quarter valued at $1,011,000. Finally, Readystate Asset Management LP purchased a new stake in HawkEye 360 in the second quarter worth $455,000.

HawkEye 360 Company Profile

HawkEye 360 is a geospatial intelligence company that uses satellite-based radio-frequency (RF) data to detect, geolocate, characterize and monitor signals emitted by devices and systems on Earth. Its technology can help identify activity that may not be visible through conventional optical imagery, supporting awareness of maritime, terrestrial and airborne environments.

The company operates a commercial satellite constellation in coordinated formations and combines RF observations with cloud-based processing, analytics and other geospatial data.