BlackSky Technology (NYSE:BKSY) Price Target Raised to $20.00

BlackSky Technology (NYSE:BKSY) had its price target lifted by HC Wainwright from $12.00 to $20.00 in a research note published on Monday morning,Benzinga reports. The firm currently has a buy rating on the stock.

BlackSky Technology Stock Performance

BlackSky Technology stock opened at $15.19 on Monday. The company has a debt-to-equity ratio of 0.89, a current ratio of 5.68 and a quick ratio of 5.68. The company has a market cap of $467.49 million, a P/E ratio of -6.72 and a beta of 1.20. BlackSky Technology has a fifty-two week low of $3.86 and a fifty-two week high of $17.39. The firm’s 50 day simple moving average is $11.32 and its 200-day simple moving average is $8.82.

BlackSky Technology (NYSE:BKSY) last announced its earnings results 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). The firm had revenue of $22.55 million for the quarter, compared to analyst estimates of $26.93 million. BlackSky Technology had a negative net margin of 38.83% and a negative return on equity of 49.91%. During the same period last year, the firm earned ($0.96) earnings per share. As a group, equities research analysts predict that BlackSky Technology will post -2.28 EPS for the current year.

Insiders Place Their Bets

In other news, CFO Henry Edward Dubois sold 7,938 shares of BlackSky Technology stock in a transaction dated Tuesday, December 10th. The stock was sold at an average price of $10.65, for a total transaction of $84,539.70. Following the completion of the sale, the chief financial officer now directly owns 420,779 shares in the company, valued at $4,481,296.35. The trade was a 1.85 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Christiana L. Lin sold 5,550 shares of BlackSky Technology stock in a transaction that occurred on Tuesday, December 10th. The shares were sold at an average price of $10.65, for a total transaction of $59,107.50. Following the completion of the sale, the chief accounting officer now owns 354,143 shares of the company’s stock, valued at $3,771,622.95. This trade represents a 1.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 23,086 shares of company stock worth $245,866. 4.50% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On BlackSky Technology

Several hedge funds have recently bought and sold shares of the business. LexAurum Advisors LLC acquired a new stake in BlackSky Technology in the 4th quarter worth approximately $108,000. SG Americas Securities LLC bought a new stake in shares of BlackSky Technology in the fourth quarter valued at about $111,000. Capital Investment Counsel Inc bought a new stake in shares of BlackSky Technology in the 4th quarter worth approximately $129,000. Griffin Asset Management Inc. acquired a new stake in BlackSky Technology during the fourth quarter worth $196,000. Finally, Squarepoint Ops LLC acquired a new stake in shares of BlackSky Technology during the 2nd quarter valued at about $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.