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

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

A number of analysts have recently issued reports on HAWK shares. Weiss Ratings began coverage on HawkEye 360 in a research report on Friday, August 14th. They set a “sell (d)” rating for the company. Wall Street Zen cut shares of HawkEye 360 from a “hold” rating to a “sell” rating in a research report on Saturday, September 19th. Craig Hallum began coverage on shares of HawkEye 360 in a research report on Monday, July 27th. They issued a “buy” rating and a $25.00 price objective on the stock. Jefferies Financial Group lowered their target price on shares of HawkEye 360 from $34.00 to $31.00 and set a “buy” rating on the stock in a research note on Monday, August 17th. Finally, Bank of America upgraded shares of HawkEye 360 from a “neutral” rating to a “buy” rating and dropped their target price for the company from $34.00 to $23.00 in a research report on Thursday, September 17th.

Insider Activity at HawkEye 360

In other news, insider Michael Turner sold 18,256 shares of the stock in a transaction on Wednesday, September 16th. The shares were sold at an average price of $16.24, for a total value of $296,477.44. Following the transaction, the insider owned 179,521 shares of the company’s stock, valued at $2,915,421.04. This represents a 9.23% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CFO Craig Chih-Meng Searle sold 9,228 shares of the firm’s stock in a transaction on Tuesday, September 15th. The shares were sold at an average price of $16.29, for a total transaction of $150,324.12. Following the sale, the chief financial officer owned 209,228 shares in the company, valued at approximately $3,408,324.12. This trade represents a 4.22% decrease in their position. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold 178,063 shares of company stock worth $2,766,317 over the last quarter. 3.80% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On HawkEye 360

Large investors have recently added to or reduced their stakes in the company. Alyeska Investment Group L.P. bought a new stake in HawkEye 360 during the second quarter worth about $5,358,000. Tidal Investments LLC purchased a new position in shares of HawkEye 360 during the 2nd quarter valued at about $5,260,000. State Street Corp bought a new stake in HawkEye 360 in the 2nd quarter worth approximately $1,658,000. HBK Investments L P bought a new stake in HawkEye 360 in the 2nd quarter worth approximately $1,011,000. Finally, Readystate Asset Management LP purchased a new stake in HawkEye 360 in the second quarter worth approximately $455,000.

HawkEye 360 Stock Performance

NYSE:HAWK opened at $13.71 on Friday. HawkEye 360 has a 52-week low of $13.53 and a 52-week high of $35.73. The company has a market cap of $1.34 billion and a price-to-earnings ratio of -26.37. The company’s fifty day moving average is $18.77.

HawkEye 360 (NYSE:HAWK) last announced its quarterly earnings results on Thursday, August 13th. The company reported ($0.07) EPS for the quarter, beating the consensus estimate of ($0.13) by $0.06. The firm had revenue of $49.81 million during the quarter. On average, sell-side analysts predict that HawkEye 360 will post -0.01 EPS for the current fiscal year.

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.