HawkEye 360 (NYSE:HAWK) Issues Earnings Results, Beats Estimates By $0.06 EPS

HawkEye 360 (NYSE:HAWK) posted its quarterly earnings results on Thursday. The company reported ($0.07) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.13) by $0.06, Zacks reports. The firm had revenue of $49.81 million for the quarter.

HawkEye 360 Stock Down 1.1%

Shares of HAWK stock traded down $0.26 during midday trading on Thursday, hitting $24.47. 1,067,319 shares of the company were exchanged, compared to its average volume of 1,137,294. The stock has a market cap of $2.40 billion, a price-to-earnings ratio of -11.46 and a beta of 0.72. The firm has a 50 day moving average price of $21.86. HawkEye 360 has a 52 week low of $17.02 and a 52 week high of $35.73.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the stock. UBS Group set a $42.00 price objective on shares of HawkEye 360 in a research note on Monday, June 1st. Wall Street Zen upgraded shares of HawkEye 360 from a “strong sell” rating to a “sell” rating in a research note on Monday, June 22nd. Bank of America began coverage on HawkEye 360 in a report on Monday, June 1st. They set a “neutral” rating and a $34.00 price target for the company. Morgan Stanley started coverage on HawkEye 360 in a research note on Monday, June 1st. They issued an “overweight” rating and a $41.00 price objective on the stock. Finally, The Goldman Sachs Group initiated coverage on HawkEye 360 in a research 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, seven have assigned a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $36.89.

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.