HawkEye 360 (NYSE:HAWK) Posts Earnings Results, Beats Expectations By $0.06 EPS

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

HawkEye 360 Stock Performance

Shares of NYSE:HAWK traded down $0.26 during midday trading on Thursday, reaching $24.47. The company had a trading volume of 1,067,319 shares, compared to its average volume of 1,137,294. The company’s 50 day moving average is $21.86. The firm has a market capitalization of $2.40 billion, a PE ratio of -11.46 and a beta of 0.72. HawkEye 360 has a 1-year low of $17.02 and a 1-year high of $35.73.

Wall Street Analyst Weigh In

A number of research firms have issued reports on HAWK. Raymond James Financial initiated coverage on HawkEye 360 in a report on Monday, June 1st. They set a “strong-buy” rating and a $40.00 target price for the company. Robert W. Baird assumed coverage on HawkEye 360 in a research report on Monday, June 1st. They issued an “outperform” rating and a $41.00 target price on the stock. Zacks Research upgraded HawkEye 360 to a “hold” rating in a research note on Tuesday, June 2nd. Wall Street Zen raised shares of HawkEye 360 from a “strong sell” rating to a “sell” rating in a research note on Monday, June 22nd. Finally, Craig Hallum initiated coverage on shares of HawkEye 360 in a report on Monday, July 27th. They issued a “buy” rating and a $25.00 price objective on the stock. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, HawkEye 360 presently has an average 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.