HawkEye 360 (NYSE:HAWK) Posts Quarterly Earnings Results, Misses Estimates By $0.40 EPS

HawkEye 360 (NYSE:HAWK) issued its quarterly earnings results on Monday. The company reported ($0.45) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.40), Zacks reports. The firm had revenue of $49.80 million during the quarter, compared to analyst estimates of $48.26 million.

HawkEye 360 Stock Up 4.3%

NYSE HAWK opened at $23.23 on Wednesday. HawkEye 360 has a 52 week low of $21.31 and a 52 week high of $35.73. The stock has a market capitalization of $2.16 billion, a price-to-earnings ratio of -11.46 and a beta of 0.72.

Insider Buying and Selling at HawkEye 360

In other HawkEye 360 news, Director Francis Alphonse Finelli purchased 9,615 shares of the business’s stock in a transaction dated Friday, May 8th. The shares were bought at an average price of $26.00 per share, with a total value of $249,990.00. Following the completion of the acquisition, the director owned 9,615 shares in the company, valued at approximately $249,990. This represents a ? increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 3.80% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have commented on HAWK shares. UBS Group set a $42.00 price objective on shares of HawkEye 360 in a report on Monday, June 1st. William Blair started coverage on shares of HawkEye 360 in a research report on Monday, June 1st. They set an “outperform” rating for the company. Jefferies Financial Group upgraded shares of HawkEye 360 from a “hold” rating to a “buy” rating and set a $34.00 price objective on the stock in a research note on Monday, June 15th. The Goldman Sachs Group assumed coverage on HawkEye 360 in a research note on Monday, June 1st. They issued a “buy” rating and a $42.00 target price for the company. Finally, Zacks Research raised HawkEye 360 to a “hold” rating in a report on Tuesday, June 2nd. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $38.38.

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.