HawkEye 360 (NYSE:HAWK) Upgraded at Bank of America

Bank of America upgraded shares of HawkEye 360 (NYSE:HAWK) from a neutral rating to a buy rating in a report published on Thursday, MarketBeat Ratings reports. Bank of America currently has $23.00 price target on the stock, down from their previous price target of $34.00.

Several other equities analysts have also recently issued reports on HAWK. Berenberg Bank set a $24.00 target price on shares of HawkEye 360 and gave the company a “buy” rating in a research note on Wednesday, September 2nd. Morgan Stanley assumed coverage on shares of HawkEye 360 in a research note on Monday, June 1st. They issued an “overweight” rating and a $41.00 price target for the company. Royal Bank Of Canada lowered their price objective on shares of HawkEye 360 from $40.00 to $33.00 and set an “outperform” rating on the stock in a research report on Tuesday, June 23rd. Jefferies Financial Group dropped their target price on shares of HawkEye 360 from $34.00 to $31.00 and set a “buy” rating on the stock in a report on Monday, August 17th. Finally, Wall Street Zen upgraded shares of HawkEye 360 from a “sell” rating to a “hold” rating in a research note on Saturday, August 15th. Two equities research analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, HawkEye 360 presently has a consensus rating of “Moderate Buy” and an average target price of $34.20.

HawkEye 360 Trading Down 5.6%

HAWK stock opened at $16.32 on Thursday. The company has a 50 day simple moving average of $20.07. HawkEye 360 has a 12-month low of $15.71 and a 12-month high of $35.73.

HawkEye 360 (NYSE:HAWK) last announced its quarterly earnings results on Thursday, August 13th. The company reported ($0.07) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.13) by $0.06. The business had revenue of $49.81 million for the quarter. As a group, analysts forecast that HawkEye 360 will post -0.04 EPS for the current year.

Insider Transactions at HawkEye 360

In other HawkEye 360 news, Director Arthur L. Money sold 50,000 shares of the stock in a transaction that occurred on Friday, September 11th. The shares were sold at an average price of $16.41, for a total value of $820,500.00. Following the transaction, the director directly owned 54,545 shares in the company, valued at approximately $895,083.45. This trade represents a 47.83% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Craig Chih-Meng Searle sold 9,228 shares of HawkEye 360 stock in a transaction on Tuesday, September 15th. The stock was sold at an average price of $16.29, for a total transaction of $150,324.12. Following the transaction, the chief financial officer owned 209,228 shares in the company, valued at $3,408,324.12. This 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 have sold 85,734 shares of company stock worth $1,401,694 in the last quarter. Company insiders own 3.80% of the company’s stock.

Hedge Funds Weigh In On HawkEye 360

A number of institutional investors have recently bought and sold shares of the stock. Alyeska Investment Group L.P. purchased a new position in HawkEye 360 during the second quarter valued at $5,358,000. Tidal Investments LLC purchased a new stake in HawkEye 360 in the second quarter worth about $5,260,000. HBK Investments L P bought a new position in shares of HawkEye 360 in the second quarter worth about $1,011,000. Readystate Asset Management LP purchased a new position in shares of HawkEye 360 during the 2nd quarter valued at about $455,000. Finally, Squarepoint Ops LLC purchased a new position in shares of HawkEye 360 during the 2nd quarter valued at about $434,000.

HawkEye 360 News Roundup

Here are the key news stories impacting HawkEye 360 this week:

• Positive Sentiment: Bank of America upgraded HAWK from “Neutral” to “Buy,” citing an attractive valuation and saying the company’s underlying business remains strong despite the broader space and defense-sector selloff. BofA’s $23 price target implies substantial upside from recent levels, although it was reduced from $34, reflecting a more cautious outlook. BofA Securities upgrade
• Positive Sentiment: HawkEye 360 established a base in Luxembourg as it expands in Europe. The new presence could improve access to European defense, intelligence and sovereign-security contracts and support demand for its satellite-based radio-frequency intelligence products. Luxembourg expansion
• Neutral Sentiment: Recent quarterly results were better than expected: HawkEye 360 reported a $0.07 per-share loss versus the consensus estimate of a $0.13 loss, alongside $49.81 million in revenue. Analysts expect the company to remain near breakeven, forecasting a $0.01 per-share loss for the full year.
• Negative Sentiment: Insiders sold a combined 35,734 shares in reported transactions, including sales by CFO Craig Searle and insider Michael Turner. The trades were made under a pre-arranged Rule 10b5-1 plan or to cover tax withholding on vested equity awards, which makes them less concerning than discretionary selling, but the transactions may still create a near-term supply overhang. HawkEye 360 insider sales

HawkEye 360 Company Profile

HawkEye 360 Inc is a space-based data and analytics company that detects, geolocates and characterizes radio-frequency (RF) signals from orbit. Its satellite constellation collects RF emissions from sources such as communications, navigation and radar systems, helping customers identify activity and patterns that may not be visible through traditional imaging or ground-based monitoring.

The company combines satellite-collected RF data with cloud-based analytics and geospatial tools. Its products and services are designed to support defense and intelligence operations, maritime domain awareness, spectrum monitoring, border and infrastructure security, disaster response, and other applications requiring persistent monitoring of activity across wide geographic areas.