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

BlackSky Technology Inc. (NYSE:BKSY - Get Free Report) saw some unusual options trading activity on Monday. Investors purchased 3,613 call options on the stock. This is an increase of 62% compared to the typical daily volume of 2,234 call options.

BlackSky Technology Stock Up 10.8%

Shares of BlackSky Technology stock traded up $1.54 during trading hours on Monday, reaching $15.76. The company's stock had a trading volume of 1,286,035 shares, compared to its average volume of 965,967. The company has a market capitalization of $498.84 million, a P/E ratio of -6.09 and a beta of 1.85. The company has a debt-to-equity ratio of 1.26, a quick ratio of 3.79 and a current ratio of 3.79. BlackSky Technology has a one year low of $3.86 and a one year high of $21.92. The stock's fifty day simple moving average is $10.39 and its two-hundred day simple moving average is $11.21.

BlackSky Technology (NYSE:BKSY - Get Free Report) last announced its quarterly earnings results on Thursday, May 8th. The company reported ($0.42) earnings per share (EPS) for the quarter, topping the consensus estimate 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 business had revenue of $29.54 million during the quarter, compared to the consensus estimate of $27.20 million. On average, research analysts forecast that BlackSky Technology will post -2.28 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the stock. 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. Canaccord Genuity Group began coverage on BlackSky Technology in a report on Thursday, April 10th. They set a "buy" rating and a $12.00 price target on the stock. Finally, Benchmark lifted their price objective on shares of BlackSky Technology from $17.00 to $18.00 and gave the company a "buy" rating in a research note on Tuesday, May 13th. Six investment analysts have rated the stock with a buy rating, According to data from MarketBeat, BlackSky Technology currently has a consensus rating of "Buy" and a consensus target price of $20.33.

Hedge Funds Weigh In On BlackSky Technology

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Nuveen LLC bought a new stake in BlackSky Technology during the first quarter worth $9,582,000. Mithril II GP LP purchased a new stake in BlackSky Technology during the fourth quarter worth about $11,116,000. Goldman Sachs Group Inc. raised its position in BlackSky Technology by 343.7% in the first quarter. Goldman Sachs Group Inc. now owns 557,729 shares of the company's stock worth $4,311,000 after acquiring an additional 432,023 shares during the period. Invesco Ltd. purchased a new position in BlackSky Technology in the fourth quarter valued at about $3,868,000. Finally, Trexquant Investment LP grew its position in shares of BlackSky Technology by 2,309.8% during the 4th quarter. Trexquant Investment LP now owns 301,590 shares of the company's stock valued at $3,254,000 after acquiring an additional 289,075 shares during the period. Hedge funds and other institutional investors own 27.15% of the company's stock.

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.

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