HawkEye 360, Inc. (NYSE:HAWK) Stock Has Average Target Price of $33.70

HawkEye 360, Inc. (NYSE:HAWK) has been given an average recommendation of “Moderate Buy” by the twelve ratings firms that are currently covering the firm, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation, eight have assigned a buy recommendation and two have issued a strong buy recommendation on the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $33.70.

Several analysts have recently weighed in on the stock. Jefferies Financial Group dropped their price target on shares of HawkEye 360 from $34.00 to $31.00 and set a “buy” rating for the company in a research note on Monday, August 17th. Wall Street Zen lowered shares of HawkEye 360 from a “hold” rating to a “sell” rating in a research report on Saturday, September 19th. Berenberg Bank set a $24.00 price objective on HawkEye 360 and gave the company a “buy” rating in a report on Wednesday, September 2nd. Craig Hallum assumed coverage on HawkEye 360 in a research report on Monday, July 27th. They issued a “buy” rating and a $25.00 price objective for the company. Finally, Royal Bank Of Canada cut their target price on HawkEye 360 from $33.00 to $28.00 and set an “outperform” rating for the company in a research note on Wednesday, September 30th.

HawkEye 360 Price Performance

NYSE HAWK opened at $14.02 on Friday. The stock’s fifty day moving average is $18.92. The firm has a market capitalization of $1.37 billion and a price-to-earnings ratio of -26.96. HawkEye 360 has a fifty-two week low of $13.53 and a fifty-two week high of $35.73.

HawkEye 360 (NYSE:HAWK) last issued its 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 company had revenue of $49.81 million during the quarter. On average, equities research analysts predict that HawkEye 360 will post -0.01 earnings per share for the current fiscal year.

Insider Activity at HawkEye 360

In other HawkEye 360 news, CEO John Serafini sold 92,329 shares of the company’s stock in a transaction on Thursday, October 1st. The stock was sold at an average price of $14.78, for a total transaction of $1,364,622.62. Following the transaction, the chief executive officer directly owned 554,972 shares in the company, valued at $8,202,486.16. This represents a 14.26% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Craig Chih-Meng Searle sold 9,228 shares of the business’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 sale, the chief financial officer owned 209,228 shares in the company, valued at $3,408,324.12. This represents a 4.22% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold a total of 178,063 shares of company stock valued at $2,766,317 over the last 90 days. Insiders own 3.80% of the company’s stock.

Hedge Funds Weigh In On HawkEye 360

Several institutional investors have recently bought and sold shares of HAWK. Squarepoint Ops LLC acquired a new stake in HawkEye 360 in the 2nd quarter valued at about $434,000. Readystate Asset Management LP acquired a new position in shares of HawkEye 360 during the second quarter worth about $455,000. HBK Investments L P purchased a new stake in shares of HawkEye 360 during the second quarter worth approximately $1,011,000. State Street Corp acquired a new position in HawkEye 360 during the 2nd quarter worth approximately $1,658,000. Finally, Tidal Investments LLC purchased a new stake in shares of HawkEye 360 in the 2nd quarter valued at approximately $5,260,000.

About HawkEye 360

HawkEye 360 Inc is a geospatial intelligence company that uses a commercial satellite constellation to detect, characterize and geolocate radio-frequency (RF) signals from space. Its technology helps identify activity associated with communications, navigation and other electromagnetic-spectrum sources that may not be visible through traditional imagery.

The company provides RF data, analytics and intelligence products designed to support defense and national security missions, maritime domain awareness, border and infrastructure monitoring, spectrum management and other applications.