HawkEye 360 (NYSE:HAWK) Releases Earnings Results, Misses Expectations By $0.40 EPS

HawkEye 360 (NYSE:HAWK) released its quarterly earnings data on Monday. The company reported ($0.45) EPS for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.40), Zacks reports.

HawkEye 360 Price Performance

Shares of HAWK opened at $22.85 on Monday. HawkEye 360 has a fifty-two week low of $22.25 and a fifty-two week high of $35.73. The company has a market capitalization of $2.13 billion, a PE ratio of -11.46 and a beta of 0.72.

Insiders Place Their Bets

In other HawkEye 360 news, Director Francis Alphonse Finelli purchased 9,615 shares of the stock in a transaction on Friday, May 8th. The stock was acquired at an average cost 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 approximately $249,990. This trade represents a ? increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. 3.80% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several brokerages have commented on HAWK. Raymond James Financial began coverage on shares of HawkEye 360 in a report on Monday, June 1st. They issued a “strong-buy” rating and a $40.00 price target for the company. Zacks Research raised HawkEye 360 to a “hold” rating in a research note on Tuesday, June 2nd. William Blair initiated coverage on HawkEye 360 in a research note on Monday, June 1st. They issued an “outperform” rating on the stock. Bank of America assumed coverage on HawkEye 360 in a report on Monday, June 1st. They issued a “neutral” rating and a $34.00 price target on the stock. Finally, The Goldman Sachs Group started coverage on HawkEye 360 in a report on Monday, June 1st. They set a “buy” rating and a $42.00 price objective for the company. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $39.25.

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.