BlackSky Technology (NYSE:BKSY) PT Lowered to $12.00

BlackSky Technology (NYSE:BKSY) had its target price lowered by stock analysts at HC Wainwright from $15.00 to $12.00 in a note issued to investors on Wednesday, Benzinga reports. The brokerage currently has a “buy” rating on the stock. HC Wainwright’s price target would suggest a potential upside of 97.69% from the stock’s current price.

A number of other analysts have also recently weighed in on BKSY. Lake Street Capital raised their price objective on BlackSky Technology from $4.00 to $32.00 and gave the stock a “buy” rating in a research report on Monday, September 30th. Oppenheimer began coverage on BlackSky Technology in a research note on Wednesday, October 2nd. They issued an “outperform” rating and a $10.00 price target for the company. Finally, Craig Hallum upgraded BlackSky Technology from a “hold” rating to a “buy” rating and set a $10.00 price target on the stock in a research note on Friday, October 4th. Five analysts have rated the stock with a buy rating, According to MarketBeat, the stock presently has an average rating of “Buy” and an average target price of $17.60.

BlackSky Technology Price Performance

BKSY opened at $6.07 on Wednesday. The firm has a market capitalization of $112.96 million, a PE ratio of -3.79 and a beta of 0.97. The business’s 50-day moving average is $7.00 and its two-hundred day moving average is $8.36. BlackSky Technology has a 1 year low of $3.86 and a 1 year high of $14.16. The company has a debt-to-equity ratio of 1.41, a current ratio of 4.19 and a quick ratio of 4.19.

BlackSky Technology (NYSE:BKSY) last posted its quarterly earnings data on Thursday, August 8th. The company reported ($0.48) EPS for the quarter, topping the consensus estimate of ($0.72) by $0.24. BlackSky Technology had a negative net margin of 26.78% and a negative return on equity of 56.91%. The firm had revenue of $24.94 million during the quarter, compared to analyst estimates of $25.14 million. During the same quarter in the previous year, the business posted ($1.92) EPS. Research analysts anticipate that BlackSky Technology will post -2.52 earnings per share for the current fiscal year.

Insider Activity at BlackSky Technology

In related news, CFO Henry Edward Dubois sold 23,590 shares of BlackSky Technology stock in a transaction dated Tuesday, September 10th. The stock was sold at an average price of $7.19, for a total transaction of $169,612.10. Following the completion of the sale, the chief financial officer now owns 231,645 shares of the company’s stock, valued at $1,665,527.55. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In related news, CFO Henry Edward Dubois sold 23,590 shares of the firm’s stock in a transaction on Tuesday, September 10th. The shares were sold at an average price of $7.19, for a total transaction of $169,612.10. Following the completion of the transaction, the chief financial officer now owns 231,645 shares of the company’s stock, valued at $1,665,527.55. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Brian E. O’toole sold 24,352 shares of the business’s stock in a transaction on Tuesday, September 10th. The shares were sold at an average price of $7.19, for a total transaction of $175,090.88. Following the transaction, the chief executive officer now owns 479,785 shares of the company’s stock, valued at $3,449,654.15. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 62,362 shares of company stock valued at $446,535 in the last ninety days. Company insiders own 4.50% of the company’s stock.

Institutional Trading of BlackSky Technology

Several hedge funds and other institutional investors have recently bought and sold shares of BKSY. GSA Capital Partners LLP grew its position in BlackSky Technology by 123.8% during the first quarter. GSA Capital Partners LLP now owns 315,900 shares of the company’s stock valued at $430,000 after buying an additional 174,773 shares during the period. Vanguard Group Inc. grew its position in shares of BlackSky Technology by 17.8% during the 1st quarter. Vanguard Group Inc. now owns 5,291,909 shares of the company’s stock valued at $7,197,000 after acquiring an additional 800,287 shares during the period. Virtu Financial LLC increased its stake in shares of BlackSky Technology by 134.5% in the 1st quarter. Virtu Financial LLC now owns 145,514 shares of the company’s stock valued at $198,000 after purchasing an additional 83,462 shares in the last quarter. LA Financiere DE L Echiquier raised its holdings in BlackSky Technology by 13.6% in the 2nd quarter. LA Financiere DE L Echiquier now owns 933,000 shares of the company’s stock worth $998,000 after purchasing an additional 112,000 shares during the period. Finally, Squarepoint Ops LLC purchased a new position in BlackSky Technology during the second quarter worth approximately $295,000. 27.15% of the stock is owned by institutional investors and hedge funds.

About BlackSky Technology

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.