BlackSky Technology (NYSE:BKSY) Given New $12.00 Price Target at HC Wainwright

BlackSky Technology (NYSE:BKSY) had its price target reduced by HC Wainwright from $15.00 to $12.00 in a research report released on Wednesday, Benzinga reports. They currently have a buy rating on the stock.

Other equities analysts also recently issued research reports about the company. Oppenheimer initiated coverage on BlackSky Technology in a research report on Wednesday, October 2nd. They issued an “outperform” rating and a $10.00 price objective on the stock. Craig Hallum raised shares of 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. Finally, Lake Street Capital lifted their price objective on shares of BlackSky Technology from $4.00 to $32.00 and gave the company a “buy” rating in a report on Monday, September 30th. Five investment analysts have rated the stock with a buy rating, According to MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus price target of $17.60.

BlackSky Technology Trading Up 0.5 %

Shares of BKSY opened at $6.13 on Wednesday. BlackSky Technology has a twelve month low of $3.86 and a twelve month high of $14.16. The company has a current ratio of 4.19, a quick ratio of 4.19 and a debt-to-equity ratio of 1.41. The company’s fifty day simple moving average is $7.04 and its 200-day simple moving average is $8.38. The company has a market cap of $900.07 million, a P/E ratio of -16.13 and a beta of 0.97.

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

Insider Activity at BlackSky Technology

In other BlackSky Technology news, CEO Brian E. O’toole sold 24,352 shares of the firm’s stock in a transaction dated 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 approximately $3,449,654.15. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In other BlackSky Technology news, CEO Brian E. O’toole sold 24,352 shares of the company’s stock in a transaction on Tuesday, September 10th. The stock was sold at an average price of $7.19, for a total transaction of $175,090.88. Following the completion of the sale, the chief executive officer now owns 479,785 shares in the company, valued at $3,449,654.15. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Christiana L. Lin sold 13,031 shares of BlackSky Technology stock in a transaction on Tuesday, September 10th. The shares were sold at an average price of $7.19, for a total value of $93,692.89. Following the completion of the transaction, the chief accounting officer now owns 190,775 shares in the company, valued at $1,371,672.25. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 62,362 shares of company stock worth $446,535 over the last three months. 3.16% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On BlackSky Technology

A number of large investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its position in shares of BlackSky Technology by 17.8% in the 1st quarter. Vanguard Group Inc. now owns 5,291,909 shares of the company’s stock worth $7,197,000 after buying an additional 800,287 shares during the last quarter. Virtu Financial LLC grew its holdings in BlackSky Technology by 134.5% in the first quarter. Virtu Financial LLC now owns 145,514 shares of the company’s stock worth $198,000 after purchasing an additional 83,462 shares during the last quarter. GSA Capital Partners LLP increased its position in shares of BlackSky Technology by 123.8% during the first quarter. GSA Capital Partners LLP now owns 315,900 shares of the company’s stock worth $430,000 after purchasing an additional 174,773 shares in the last quarter. Squarepoint Ops LLC acquired a new position in shares of BlackSky Technology during the second quarter worth $295,000. Finally, LA Financiere DE L Echiquier lifted its holdings in shares of BlackSky Technology by 13.6% during the 2nd quarter. LA Financiere DE L Echiquier now owns 933,000 shares of the company’s stock valued at $998,000 after purchasing an additional 112,000 shares during the last quarter. 27.15% of the stock is currently owned by institutional investors.

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.