BlackSky Technology Inc. (NYSE:BKSY - Get Free Report)'s stock price traded down 8.6% on Thursday . The company traded as low as $28.69 and last traded at $28.92. 626,047 shares were traded during mid-day trading, a decline of 63% from the average session volume of 1,699,257 shares. The stock had previously closed at $31.63.
Wall Street Analysts Forecast Growth
A number of analysts recently weighed in on the stock. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of BlackSky Technology in a research note on Wednesday, October 8th. Canaccord Genuity Group lowered their price objective on shares of BlackSky Technology from $28.00 to $27.00 and set a "buy" rating for the company in a research note on Tuesday, July 22nd. HC Wainwright increased their price target on shares of BlackSky Technology from $28.00 to $42.00 and gave the company a "buy" rating in a research report on Friday, October 10th. Wall Street Zen lowered shares of BlackSky Technology from a "hold" rating to a "strong sell" rating in a research report on Saturday, August 9th. Finally, Lake Street Capital increased their price target on shares of BlackSky Technology from $18.00 to $28.00 and gave the company a "buy" rating in a research report on Thursday, July 24th. Five investment analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat, BlackSky Technology currently has an average rating of "Moderate Buy" and a consensus price target of $29.00.
Check Out Our Latest Stock Analysis on BKSY
BlackSky Technology Trading Down 15.1%
The company has a debt-to-equity ratio of 1.35, a current ratio of 3.71 and a quick ratio of 3.71. The stock has a market cap of $952.97 million, a price-to-earnings ratio of -7.98 and a beta of 2.22. The company's fifty day moving average price is $20.27 and its 200-day moving average price is $15.96.
BlackSky Technology (NYSE:BKSY - Get Free Report) last posted its quarterly earnings data on Thursday, August 7th. The company reported ($0.52) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.49) by ($0.03). BlackSky Technology had a negative net margin of 82.04% and a negative return on equity of 52.27%. The company had revenue of $22.20 million for the quarter, compared to analyst estimates of $22.17 million. BlackSky Technology has set its FY 2025 guidance at EPS. On average, research analysts expect that BlackSky Technology Inc. will post -2.28 EPS for the current fiscal year.
Insider Activity
In other news, CEO Brian E. O'toole sold 33,292 shares of the company's stock in a transaction dated Wednesday, September 10th. The shares were sold at an average price of $17.45, for a total transaction of $580,945.40. Following the transaction, the chief executive officer owned 750,164 shares in the company, valued at $13,090,361.80. This represents a 4.25% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO Henry Edward Dubois sold 31,646 shares of the company's stock in a transaction dated Wednesday, September 10th. The shares were sold at an average price of $17.45, for a total transaction of $552,222.70. Following the transaction, the chief financial officer owned 474,582 shares in the company, valued at approximately $8,281,455.90. This trade represents a 6.25% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 89,694 shares of company stock worth $1,565,160 over the last 90 days. 3.80% of the stock is currently owned by corporate insiders.
Hedge Funds Weigh In On BlackSky Technology
Hedge funds and other institutional investors have recently bought and sold shares of the business. IFP Advisors Inc increased its holdings in BlackSky Technology by 35,575.0% in the 2nd quarter. IFP Advisors Inc now owns 1,427 shares of the company's stock worth $32,000 after buying an additional 1,423 shares during the period. Nisa Investment Advisors LLC increased its holdings in BlackSky Technology by 6,937.5% in the 2nd quarter. Nisa Investment Advisors LLC now owns 1,689 shares of the company's stock worth $35,000 after buying an additional 1,665 shares during the period. GAMMA Investing LLC increased its holdings in BlackSky Technology by 14,829.2% in the 1st quarter. GAMMA Investing LLC now owns 7,166 shares of the company's stock worth $55,000 after buying an additional 7,118 shares during the period. GPS Wealth Strategies Group LLC acquired a new position in BlackSky Technology in the 2nd quarter worth approximately $57,000. Finally, Legal & General Group Plc increased its holdings in BlackSky Technology by 40.5% in the 2nd quarter. Legal & General Group Plc now owns 3,118 shares of the company's stock worth $64,000 after buying an additional 899 shares during the period. Institutional investors and hedge funds own 27.15% of the company's stock.
About BlackSky Technology
(
Get Free Report)
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.
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