HawkEye 360, Inc. (NYSE:HAWK) Stock Has Consensus Price Target of $32.00

Shares of HawkEye 360, Inc. (NYSE:HAWK) have been assigned an average recommendation of “Moderate Buy” from the thirteen brokerages that are presently covering the firm, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, one has given a hold recommendation, nine have assigned a buy recommendation and two have issued a strong buy recommendation on the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $32.00.

Several analysts have issued reports on HAWK shares. Berenberg Bank began coverage on shares of HawkEye 360 in a research report on Wednesday, September 2nd. They issued a “buy” rating and a $24.00 price target on the stock. Piper Sandler started coverage on shares of HawkEye 360 in a research report on Thursday, October 15th. They set an “overweight” rating and a $22.00 price objective for the company. Weiss Ratings assumed coverage on shares of HawkEye 360 in a research note on Friday, August 14th. They issued a “sell (d)” rating for the company. Bank of America raised HawkEye 360 from a “neutral” rating to a “buy” rating and decreased their target price for the stock from $34.00 to $23.00 in a research report on Thursday, September 17th. Finally, Wall Street Zen lowered HawkEye 360 from a “hold” rating to a “sell” rating in a research note on Saturday, September 19th.

HawkEye 360 Trading Up 0.6%

HAWK opened at $13.63 on Thursday. The firm has a 50 day simple moving average of $15.47. HawkEye 360 has a 12-month low of $11.25 and a 12-month high of $35.73.

HawkEye 360 (NYSE:HAWK) last posted its quarterly earnings data on Thursday, August 13th. The company reported ($0.07) earnings per share for the quarter, beating the consensus estimate of ($0.13) by $0.06. The business had revenue of $49.81 million during the quarter. Research analysts expect that HawkEye 360 will post -0.67 EPS for the current fiscal year.

Insider Transactions at HawkEye 360

In other news, Director Arthur L. Money sold 50,000 shares of the business’s stock in a transaction that occurred on Friday, September 11th. The stock was sold at an average price of $16.41, for a total transaction of $820,500.00. Following the sale, the director directly owned 54,545 shares in the company, valued at approximately $895,083.45. The trade was a 47.83% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Craig Chih-Meng Searle sold 9,228 shares of the company’s stock in a transaction on Tuesday, September 15th. The shares were sold at an average price of $16.29, for a total value of $150,324.12. Following the completion of the transaction, the chief financial officer owned 209,228 shares of the company’s stock, valued at $3,408,324.12. The trade was a 4.22% decrease in their ownership of the stock. 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. Insiders have sold a total of 178,063 shares of company stock worth $2,766,317 over the last 90 days.

Institutional Investors Weigh In On HawkEye 360

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

About HawkEye 360

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.