BlackSky Technology (NYSE:BKSY) Stock Price Expected to Rise, HC Wainwright Analyst Says

BlackSky Technology (NYSE:BKSY) had its target price hoisted by HC Wainwright from $12.00 to $20.00 in a research note issued on Monday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. HC Wainwright’s price target points to a potential upside of 12.29% from the stock’s previous close.

BlackSky Technology Trading Up 17.3 %

BKSY stock opened at $17.81 on Monday. The company has a current ratio of 5.68, a quick ratio of 5.68 and a debt-to-equity ratio of 0.89. The firm has a market cap of $548.20 million, a P/E ratio of -7.88 and a beta of 1.20. BlackSky Technology has a 1-year low of $3.86 and a 1-year high of $18.30. The business’s 50 day moving average is $11.54 and its 200-day moving average is $8.92.

BlackSky Technology (NYSE:BKSY) last released its quarterly earnings data on Thursday, November 7th. The company reported ($0.66) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.61) by ($0.05). BlackSky Technology had a negative return on equity of 49.91% and a negative net margin of 38.83%. The company had revenue of $22.55 million for the quarter, compared to analyst estimates of $26.93 million. During the same quarter in the prior year, the company earned ($0.96) earnings per share. Equities analysts anticipate that BlackSky Technology will post -2.28 earnings per share for the current fiscal year.

Insider Transactions at BlackSky Technology

In other BlackSky Technology news, CEO Brian E. O’toole sold 7,020 shares of the firm’s stock in a transaction dated Tuesday, December 10th. The shares were sold at an average price of $10.65, for a total value of $74,763.00. Following the completion of the sale, the chief executive officer now owns 691,909 shares in the company, valued at approximately $7,368,830.85. This trade represents a 1.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CAO Christiana L. Lin sold 5,550 shares of the company’s stock in a transaction that occurred on Tuesday, December 10th. The stock was sold at an average price of $10.65, for a total transaction of $59,107.50. Following the transaction, the chief accounting officer now owns 354,143 shares in the company, valued at $3,771,622.95. The trade was a 1.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 23,086 shares of company stock valued at $245,866 in the last three months. 4.50% of the stock is owned by corporate insiders.

Institutional Trading of BlackSky Technology

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. LexAurum Advisors LLC bought a new position in BlackSky Technology in the 4th quarter valued at $108,000. SG Americas Securities LLC bought a new position in BlackSky Technology in the fourth quarter valued at about $111,000. Capital Investment Counsel Inc acquired a new stake in BlackSky Technology in the fourth quarter worth about $129,000. Griffin Asset Management Inc. acquired a new position in BlackSky Technology during the 4th quarter valued at about $196,000. Finally, Squarepoint Ops LLC bought a new position in shares of BlackSky Technology in the 2nd quarter valued at about $295,000. Institutional investors and hedge funds own 27.15% of the company’s stock.

BlackSky Technology Company Profile

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.