HawkEye 360 (NYSE:HAWK) Upgraded to Strong-Buy at Berenberg Bank

Berenberg Bank upgraded shares of HawkEye 360 (NYSE:HAWK) to a strong-buy rating in a research note issued to investors on Wednesday,Zacks reports.

A number of other equities research analysts also recently issued reports on HAWK. Zacks Research raised shares of HawkEye 360 to a “hold” rating in a research note on Tuesday, June 2nd. Morgan Stanley initiated 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. Raymond James Financial started coverage on shares of HawkEye 360 in a report on Monday, June 1st. They set a “strong-buy” rating and a $40.00 target price on the stock. The Goldman Sachs Group began coverage on shares of HawkEye 360 in a research report on Monday, June 1st. They issued a “buy” rating and a $42.00 price target for the company. Finally, Jefferies Financial Group dropped their price target on shares of HawkEye 360 from $34.00 to $31.00 and set a “buy” rating for the company in a research note on Monday, August 17th. Two analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, HawkEye 360 has an average rating of “Moderate Buy” and an average price target of $35.30.

HawkEye 360 Trading Down 2.2%

NYSE:HAWK opened at $17.27 on Wednesday. HawkEye 360 has a 52 week low of $17.02 and a 52 week high of $35.73. The company has a fifty day simple moving average of $20.88.

HawkEye 360 (NYSE:HAWK) last released its quarterly earnings results on Thursday, August 13th. The company reported ($0.07) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.13) by $0.06. The business had revenue of $49.81 million for the quarter. On average, research analysts predict that HawkEye 360 will post -0.01 EPS for the current fiscal year.

Institutional Trading of HawkEye 360

An institutional investor recently bought a new stake in HawkEye 360 stock. Readystate Asset Management LP purchased a new position in HawkEye 360, Inc. (NYSE:HAWK) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 22,500 shares of the company’s stock, valued at approximately $455,000.

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.