Brokerages Set BlackSky Technology Inc. (NYSE:BKSY) PT at $20.33

Shares of BlackSky Technology Inc. (NYSE:BKSY - Get Free Report) have been given a consensus rating of "Buy" by the six ratings firms that are currently covering the stock, Marketbeat Ratings reports. Six investment analysts have rated the stock with a buy rating. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $20.33.

Several equities research analysts have weighed in on the company. Benchmark upped their price target on BlackSky Technology from $17.00 to $18.00 and gave the stock a "buy" rating in a report on Tuesday, May 13th. HC Wainwright restated a "buy" rating and set a $20.00 target price on shares of BlackSky Technology in a research note on Friday, March 7th. Oppenheimer lifted their price target on shares of BlackSky Technology from $10.00 to $30.00 and gave the stock an "outperform" rating in a research note on Wednesday, February 19th. Finally, Canaccord Genuity Group assumed coverage on shares of BlackSky Technology in a report on Thursday, April 10th. They set a "buy" rating and a $12.00 price target for the company.

BlackSky Technology Trading Down 0.2%

NYSE BKSY traded down $0.02 during trading on Friday, hitting $11.17. The stock had a trading volume of 474,493 shares, compared to its average volume of 1,313,060. The company has a quick ratio of 5.68, a current ratio of 5.68 and a debt-to-equity ratio of 0.89. The company has a market capitalization of $353.55 million, a PE ratio of -4.94 and a beta of 1.74. The firm has a 50 day moving average price of $9.07 and a 200 day moving average price of $11.04. BlackSky Technology has a twelve month low of $3.86 and a twelve month high of $21.92.

BlackSky Technology (NYSE:BKSY - Get Free Report) last announced its earnings results on Thursday, May 8th. The company reported ($0.42) earnings per share for the quarter, topping the consensus estimate of ($0.47) by $0.05. The firm had revenue of $29.54 million for the quarter, compared to the consensus estimate of $27.20 million. BlackSky Technology had a negative net margin of 38.83% and a negative return on equity of 49.91%. As a group, equities research analysts forecast that BlackSky Technology will post -2.28 earnings per share for the current year.

Hedge Funds Weigh In On BlackSky Technology

Several hedge funds have recently added to or reduced their stakes in BKSY. Summit Investment Advisors Inc. boosted its holdings in shares of BlackSky Technology by 115.2% in the 4th quarter. Summit Investment Advisors Inc. now owns 2,626 shares of the company's stock valued at $28,000 after buying an additional 1,406 shares in the last quarter. BNP Paribas Financial Markets lifted its holdings in shares of BlackSky Technology by 22.7% in the 4th quarter. BNP Paribas Financial Markets now owns 3,691 shares of the company's stock valued at $40,000 after purchasing an additional 683 shares during the last quarter. Farther Finance Advisors LLC acquired a new stake in shares of BlackSky Technology in the 4th quarter valued at about $44,000. GAMMA Investing LLC lifted its stake in BlackSky Technology by 14,829.2% in the first quarter. GAMMA Investing LLC now owns 7,166 shares of the company's stock valued at $55,000 after buying an additional 7,118 shares during the last quarter. Finally, New York State Common Retirement Fund boosted its holdings in shares of BlackSky Technology by 217.0% in the first quarter. New York State Common Retirement Fund now owns 8,765 shares of the company's stock valued at $68,000 after acquiring an additional 6,000 shares during the period. 27.15% of the stock is currently owned by hedge funds and other institutional investors.

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.