BlackSky Technology Target of Unusually High Options Trading (NYSE:BKSY)

BlackSky Technology Inc. (NYSE:BKSY - Get Free Report) saw unusually large options trading on Monday. Traders bought 3,613 call options on the company. This is an increase of 62% compared to the average volume of 2,234 call options.

Hedge Funds Weigh In On BlackSky Technology

Hedge funds have recently added to or reduced their stakes in the stock. Rhumbline Advisers lifted its holdings in BlackSky Technology by 98.5% during the fourth quarter. Rhumbline Advisers now owns 31,446 shares of the company's stock worth $339,000 after acquiring an additional 15,607 shares during the period. Bank of New York Mellon Corp increased its stake in shares of BlackSky Technology by 89.1% in the fourth quarter. Bank of New York Mellon Corp now owns 56,298 shares of the company's stock worth $607,000 after purchasing an additional 26,528 shares in the last quarter. Oppenheimer & Co. Inc. bought a new stake in shares of BlackSky Technology in the fourth quarter valued at approximately $276,000. SBI Securities Co. Ltd. purchased a new stake in shares of BlackSky Technology during the 4th quarter valued at approximately $84,000. Finally, Charles Schwab Investment Management Inc. boosted its holdings in shares of BlackSky Technology by 98.2% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 189,157 shares of the company's stock worth $2,041,000 after acquiring an additional 93,715 shares during the period. Institutional investors and hedge funds own 27.15% of the company's stock.

BlackSky Technology Stock Up 18.8%

BKSY stock traded up $3.26 during trading on Thursday, reaching $20.54. 3,878,083 shares of the stock were exchanged, compared to its average volume of 1,019,595. The firm's 50 day moving average is $11.26 and its 200 day moving average is $11.40. The firm has a market cap of $650.00 million, a P/E ratio of -7.99 and a beta of 1.85. The company has a current ratio of 3.79, a quick ratio of 3.79 and a debt-to-equity ratio of 1.26. 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 issued its earnings results on Thursday, May 8th. The company reported ($0.42) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.47) by $0.05. BlackSky Technology had a negative return on equity of 45.63% and a negative net margin of 50.30%. The company had revenue of $29.54 million for the quarter, compared to analysts' expectations of $27.20 million. As a group, research analysts forecast that BlackSky Technology will post -2.28 EPS for the current year.

Analyst Ratings Changes

A number of analysts have weighed in on BKSY shares. Canaccord Genuity Group increased their target price on shares of BlackSky Technology from $14.00 to $20.00 and gave the company a "buy" rating in a research report on Thursday. Benchmark boosted their price objective on BlackSky Technology from $17.00 to $18.00 and gave the company a "buy" rating in a research note on Tuesday, May 13th. Finally, HC Wainwright reaffirmed a "buy" rating and set a $20.00 target price on shares of BlackSky Technology in a research note on Friday, March 7th. Six investment analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock presently has an average rating of "Buy" and a consensus target price of $21.67.

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.