Wall Street Zen Downgrades HawkEye 360 (NYSE:HAWK) to Sell

HawkEye 360 (NYSE:HAWK) was downgraded by stock analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a report released on Saturday, Wall Street Zen reports.

HAWK has been the topic of a number of other research reports. UBS Group set a $42.00 target price on shares of HawkEye 360 in a research report on Monday, June 1st. Raymond James Financial began coverage on shares of HawkEye 360 in a research report on Monday, June 1st. They issued a “strong-buy” rating and a $40.00 price target for the company. Craig Hallum assumed coverage on shares of HawkEye 360 in a research note on Monday, July 27th. They set a “buy” rating and a $25.00 price objective on the stock. Morgan Stanley started coverage on HawkEye 360 in a report on Monday, June 1st. They set an “overweight” rating and a $41.00 target price for the company. Finally, Bank of America raised 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. Two equities research analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $34.20.

HawkEye 360 Price Performance

Shares of HAWK stock opened at $16.32 on Friday. HawkEye 360 has a twelve month low of $15.71 and a twelve month high of $35.73. The stock has a fifty day moving average price of $20.07.

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 for the quarter. As a group, equities analysts forecast that HawkEye 360 will post -0.04 EPS for the current year.

Insider Buying and Selling at HawkEye 360

In other news, CFO Craig Chih-Meng Searle sold 9,228 shares of the 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 completion of the sale, the chief financial officer owned 209,228 shares in the company, valued at approximately $3,408,324.12. This represents a 4.22% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Michael S. Turner sold 18,256 shares of the firm’s stock in a transaction on Wednesday, September 16th. The stock was sold at an average price of $16.24, for a total value of $296,477.44. Following the completion of the sale, the insider directly owned 179,521 shares of the company’s stock, valued at $2,915,421.04. The trade was a 9.23% decrease in their position. The SEC filing for this sale provides additional information. 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. Insiders sold a total of 85,734 shares of company stock worth $1,401,694 over the last three months. Corporate insiders own 3.80% of the company’s stock.

Institutional Investors Weigh In On HawkEye 360

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Alyeska Investment Group L.P. purchased a new stake in shares of HawkEye 360 during the second quarter worth about $5,358,000. Tidal Investments LLC purchased a new position in shares of HawkEye 360 in the 2nd quarter valued at approximately $5,260,000. HBK Investments L P acquired a new stake in HawkEye 360 in the 2nd quarter worth approximately $1,011,000. Readystate Asset Management LP purchased a new stake in HawkEye 360 during the 2nd quarter worth approximately $455,000. Finally, Squarepoint Ops LLC acquired a new position in HawkEye 360 during the 2nd quarter valued at approximately $434,000.

Key HawkEye 360 News

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.