HawkEye 360 (NYSE:HAWK) Sets New 1-Year Low on Analyst Downgrade

HawkEye 360, Inc. (NYSE:HAWK)’s stock price reached a new 52-week low during mid-day trading on Wednesday after Royal Bank Of Canada lowered their price target on the stock from $40.00 to $33.00. Royal Bank Of Canada currently has an outperform rating on the stock. HawkEye 360 traded as low as $21.31 and last traded at $23.23, with a volume of 1045137 shares traded. The stock had previously closed at $22.28.

Several other research firms also recently weighed in on HAWK. Morgan Stanley started coverage on shares of HawkEye 360 in a report on Monday, June 1st. They issued an “overweight” rating and a $41.00 price objective for the company. Robert W. Baird began coverage on shares of HawkEye 360 in a research report on Monday, June 1st. They set an “outperform” rating and a $41.00 price target on the stock. Jefferies Financial Group raised shares of HawkEye 360 from a “hold” rating to a “buy” rating and set a $34.00 price target for the company in a research note on Monday, June 15th. Zacks Research upgraded shares of HawkEye 360 to a “hold” rating in a report on Tuesday, June 2nd. Finally, Wall Street Zen upgraded shares of HawkEye 360 from a “strong sell” rating to a “sell” rating in a research note on Monday. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and two have given a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $38.38.

Insiders Place Their Bets

In other news, Director Francis Alphonse Finelli bought 9,615 shares of the firm’s stock in a transaction that occurred on Friday, May 8th. The stock was acquired at an average price of $26.00 per share, with a total value of $249,990.00. Following the completion of the purchase, the director directly owned 9,615 shares of the company’s stock, valued at $249,990. This represents a ∞ increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. 3.80% of the stock is owned by corporate insiders.

HawkEye 360 Trading Up 4.3%

The stock has a market cap of $2.16 billion, a price-to-earnings ratio of -11.46 and a beta of 0.72.

HawkEye 360 (NYSE:HAWK) last released its earnings results on Monday, June 22nd. The company reported ($0.45) EPS for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.40). The company had revenue of $49.80 million for the quarter, compared to analyst estimates of $48.26 million.

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.