Investment Analysts’ Weekly Ratings Changes for BlackSky Technology (BKSY)

BlackSky Technology (NYSE: BKSY) recently received a number of ratings updates from brokerages and research firms:

• 10/16/2024 – BlackSky Technology had its price target lowered by analysts at HC Wainwright from $15.00 to $12.00. They now have a “buy” rating on the stock.
• 10/4/2024 – BlackSky Technology was upgraded by analysts at Craig Hallum from a “hold” rating to a “buy” rating. They now have a $10.00 price target on the stock.
• 10/2/2024 – BlackSky Technology is now covered by analysts at Oppenheimer Holdings Inc.. They set an “outperform” rating and a $10.00 price target on the stock.
• 9/30/2024 – BlackSky Technology had its price target raised by analysts at Lake Street Capital from $4.00 to $32.00. They now have a “buy” rating on the stock.

BlackSky Technology Trading Up 0.5 %

NYSE BKSY opened at $6.13 on Thursday. BlackSky Technology Inc. has a 52 week low of $3.86 and a 52 week high of $14.16. The company has a debt-to-equity ratio of 1.41, a quick ratio of 4.19 and a current ratio of 4.19. The stock’s 50 day moving average price is $7.04 and its two-hundred day moving average price is $8.38. The stock has a market capitalization of $900.07 million, a price-to-earnings ratio of -16.13 and a beta of 0.97.

BlackSky Technology (NYSE:BKSY) last announced its quarterly earnings data on Thursday, August 8th. The company reported ($0.48) EPS for the quarter, topping analysts’ consensus estimates of ($0.72) by $0.24. The business 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 quarter in the previous year, the firm posted ($1.92) earnings per share. As a group, analysts anticipate that BlackSky Technology Inc. will post -2.52 earnings per share for the current fiscal year.

Insider Transactions at BlackSky Technology

In other BlackSky Technology news, CFO Henry Edward Dubois sold 23,590 shares of the firm’s stock in a transaction that occurred on Tuesday, September 10th. The stock was sold at an average price of $7.19, for a total value of $169,612.10. Following the completion of the transaction, the chief financial officer now directly owns 231,645 shares in the company, valued at $1,665,527.55. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other news, CAO Christiana L. Lin sold 13,031 shares of the business’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 $93,692.89. Following the transaction, the chief accounting officer now directly owns 190,775 shares in the company, valued at $1,371,672.25. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Henry Edward Dubois sold 23,590 shares of the company’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 $169,612.10. Following the completion of the sale, the chief financial officer now directly owns 231,645 shares in the company, valued at approximately $1,665,527.55. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 62,362 shares of company stock worth $446,535 in the last three months. Insiders own 3.16% of the company’s stock.

Hedge Funds Weigh In On BlackSky Technology

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Virtu Financial LLC increased its holdings in shares of BlackSky Technology by 134.5% in the first 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 during 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 valued at $998,000 after acquiring an additional 112,000 shares during the period. GSA Capital Partners LLP raised its holdings in BlackSky Technology by 123.8% in the 1st quarter. GSA Capital Partners LLP now owns 315,900 shares of the company’s stock valued at $430,000 after acquiring an additional 174,773 shares during the period. Squarepoint Ops LLC acquired a new stake in BlackSky Technology during the second quarter worth approximately $295,000. Finally, Vanguard Group Inc. boosted its holdings in shares of BlackSky Technology by 17.8% during the first quarter. Vanguard Group Inc. now owns 5,291,909 shares of the company’s stock worth $7,197,000 after acquiring an additional 800,287 shares during the period. Institutional investors own 27.15% of the company’s stock.

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.