Royal Bank Of Canada Issues Pessimistic Forecast for HawkEye 360 (NYSE:HAWK) Stock Price

HawkEye 360 (NYSE:HAWK) had its price objective decreased by research analysts at Royal Bank Of Canada from $40.00 to $33.00 in a research note issued on Tuesday,Benzinga reports. The firm presently has an “outperform” rating on the stock. Royal Bank Of Canada’s price target would indicate a potential upside of 52.28% from the stock’s current price.

Several other research analysts also recently issued reports on HAWK. UBS Group set a $42.00 price target on shares of HawkEye 360 in a report on Monday, June 1st. Wall Street Zen upgraded HawkEye 360 from a “strong sell” rating to a “sell” rating in a research report on Monday. Jefferies Financial Group upgraded HawkEye 360 from a “hold” rating to a “buy” rating and set a $34.00 target price for the company in a research report on Monday, June 15th. Morgan Stanley assumed coverage on HawkEye 360 in a report on Monday, June 1st. They set an “overweight” rating and a $41.00 price target on the stock. Finally, 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 objective for the company. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $38.38.

HawkEye 360 Stock Performance

Shares of HAWK traded down $0.61 during midday trading on Tuesday, hitting $21.67. The company’s stock had a trading volume of 179,181 shares, compared to its average volume of 1,215,600. HawkEye 360 has a one year low of $21.31 and a one year high of $35.73. The firm has a market cap of $2.02 billion, a price-to-earnings ratio of -11.46 and a beta of 0.72.

HawkEye 360 (NYSE:HAWK) last announced its quarterly earnings data on Monday, June 22nd. The company reported ($0.45) earnings per share for the quarter, missing the consensus estimate of ($0.05) by ($0.40). The company had revenue of $49.80 million during the quarter, compared to analyst estimates of $48.26 million.

Insider Buying and Selling

In related news, Director Francis Alphonse Finelli bought 9,615 shares of HawkEye 360 stock in a transaction that occurred on Friday, May 8th. The shares were acquired at an average cost of $26.00 per share, for a total transaction of $249,990.00. Following the completion of the acquisition, the director directly owned 9,615 shares of the company’s stock, valued at approximately $249,990. The trade was a ∞ increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. 3.80% of the stock is owned by insiders.

HawkEye 360 Company Profile

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.