Bank of America Initiates Coverage on HawkEye 360 (NYSE:HAWK)

Analysts at Bank of America assumed coverage on shares of HawkEye 360 (NYSE:HAWK) in a research note issued on Monday,Benzinga reports. The firm set a “neutral” rating on the stock.

HAWK has been the subject of several other reports. The Goldman Sachs Group initiated coverage on HawkEye 360 in a research report on Monday. They issued a “buy” rating and a $42.00 price objective for the company. Royal Bank Of Canada initiated coverage on HawkEye 360 in a research note on Monday. They issued an “outperform” rating and a $40.00 price objective on the stock. Wall Street Zen upgraded HawkEye 360 to a “hold” rating in a research note on Saturday, May 16th. Jefferies Financial Group started coverage on HawkEye 360 in a report on Monday. They set a “hold” rating on the stock. Finally, Raymond James Financial began coverage on HawkEye 360 in a report on Monday. They set a “strong-buy” rating on the stock. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $41.20.

HawkEye 360 Price Performance

NYSE:HAWK opened at $33.01 on Monday. HawkEye 360 has a 12 month low of $29.26 and a 12 month high of $35.73. The company has a market cap of $3.07 billion, a price-to-earnings ratio of -11.46 and a beta of 0.72.

Insider Buying and Selling

In other news, Director Francis Alphonse Finelli bought 9,615 shares of the stock in a transaction on Friday, May 8th. The stock was purchased at an average cost of $26.00 per share, with a total value of $249,990.00. Following the purchase, the director owned 9,615 shares of the company’s stock, valued at approximately $249,990. The trade was a ∞ increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available at this link. Insiders own 3.80% of the company’s stock.

About HawkEye 360

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.