BlackSky Technology Inc. (NYSE:BKSY – Get Free Report) has received a consensus recommendation of “Buy” from the six analysts that are currently covering the stock, Marketbeat.com reports. Six analysts have rated the stock with a buy recommendation. The average 12-month target price among brokers that have issued a report on the stock in the last year is $23.50.
Several analysts have weighed in on BKSY shares. Wall Street Zen cut BlackSky Technology from a “hold” rating to a “strong sell” rating in a report on Saturday, August 9th. Lake Street Capital increased their price objective on BlackSky Technology from $18.00 to $28.00 and gave the company a “buy” rating in a research report on Thursday, July 24th. Canaccord Genuity Group reduced their price objective on BlackSky Technology from $28.00 to $27.00 and set a “buy” rating on the stock in a research report on Tuesday, July 22nd. Finally, HC Wainwright increased their price objective on BlackSky Technology from $20.00 to $28.00 and gave the company a “buy” rating in a research report on Monday, July 21st.
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Insider Activity
In other news, CAO Christiana L. Lin sold 24,036 shares of the stock in a transaction dated Wednesday, September 10th. The stock was sold at an average price of $17.45, for a total transaction of $419,428.20. Following the transaction, the chief accounting officer directly owned 402,652 shares in the company, valued at approximately $7,026,277.40. This represents a 5.63% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Henry Edward Dubois sold 31,646 shares of the stock in a transaction dated Wednesday, September 10th. The shares were sold at an average price of $17.45, for a total value of $552,222.70. Following the transaction, the chief financial officer owned 474,582 shares in the company, valued at $8,281,455.90. This trade represents a 6.25% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 89,694 shares of company stock worth $1,565,160. 3.80% of the stock is currently owned by insiders.
Hedge Funds Weigh In On BlackSky Technology
Several institutional investors and hedge funds have recently bought and sold shares of the stock. Nuveen LLC bought a new position in BlackSky Technology during the 1st quarter worth approximately $9,582,000. Geode Capital Management LLC grew its position in BlackSky Technology by 7.3% during the 2nd quarter. Geode Capital Management LLC now owns 612,919 shares of the company’s stock worth $12,616,000 after acquiring an additional 41,922 shares during the last quarter. Goldman Sachs Group Inc. grew its position in BlackSky Technology by 343.7% during the 1st quarter. Goldman Sachs Group Inc. now owns 557,729 shares of the company’s stock worth $4,311,000 after acquiring an additional 432,023 shares during the last quarter. Jump Financial LLC grew its position in BlackSky Technology by 128.2% during the 2nd quarter. Jump Financial LLC now owns 480,048 shares of the company’s stock worth $9,879,000 after acquiring an additional 269,700 shares during the last quarter. Finally, Invesco Ltd. grew its position in BlackSky Technology by 94.9% during the 2nd quarter. Invesco Ltd. now owns 423,845 shares of the company’s stock worth $8,723,000 after acquiring an additional 206,371 shares during the last quarter. 27.15% of the stock is currently owned by institutional investors.
BlackSky Technology Stock Performance
NYSE:BKSY opened at $22.36 on Thursday. The business’s 50-day moving average price is $18.43 and its two-hundred day moving average price is $14.61. BlackSky Technology has a twelve month low of $4.60 and a twelve month high of $28.85. The stock has a market cap of $792.97 million, a P/E ratio of -6.65 and a beta of 2.22. The company has a quick ratio of 3.71, a current ratio of 3.71 and a debt-to-equity ratio of 1.35.
BlackSky Technology (NYSE:BKSY – Get Free Report) last released its quarterly earnings results on Thursday, August 7th. The company reported ($0.52) earnings per share for the quarter, missing the consensus estimate of ($0.49) by ($0.03). BlackSky Technology had a negative net margin of 82.04% and a negative return on equity of 52.27%. The business had revenue of $22.20 million during the quarter, compared to analysts’ expectations of $22.17 million. BlackSky Technology has set its FY 2025 guidance at EPS. As a group, equities analysts predict that BlackSky Technology will post -2.28 EPS for the current fiscal year.
About BlackSky Technology
(Get Free Report)
BlackSky Technology Inc provides geospatial intelligence, imagery and related data analytic products and services, and mission systems that include the development, integration, and operation of satellite and ground systems for government and commercial customers in North America, the Middle East, the Asia Pacific, and internationally.
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