Dimensional Fund Advisors LP Buys New Stake in BlackSky Technology Inc. (NYSE:BKSY)

Dimensional Fund Advisors LP purchased a new stake in BlackSky Technology Inc. (NYSE:BKSY - Free Report) during the fourth quarter, according to its most recent disclosure with the SEC. The firm purchased 35,072 shares of the company's stock, valued at approximately $378,000. Dimensional Fund Advisors LP owned approximately 0.11% of BlackSky Technology at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. XTX Topco Ltd purchased a new position in BlackSky Technology in the 4th quarter valued at about $150,000. Barclays PLC lifted its stake in BlackSky Technology by 113.1% in the 4th quarter. Barclays PLC now owns 37,948 shares of the company's stock worth $409,000 after purchasing an additional 20,142 shares in the last quarter. Summit Investment Advisors Inc. lifted its stake in BlackSky Technology by 115.2% in the 4th quarter. Summit Investment Advisors Inc. now owns 2,626 shares of the company's stock worth $28,000 after purchasing an additional 1,406 shares in the last quarter. Renaissance Technologies LLC purchased a new position in BlackSky Technology in the 4th quarter worth approximately $170,000. Finally, Invesco Ltd. purchased a new position in BlackSky Technology in the 4th quarter worth approximately $3,868,000. 27.15% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts have weighed in on the stock. Canaccord Genuity Group assumed coverage on shares of BlackSky Technology in a research note on Thursday, April 10th. They issued a "buy" rating and a $12.00 target price on the stock. HC Wainwright reissued a "buy" rating and issued a $20.00 target price on shares of BlackSky Technology in a research note on Friday, March 7th. Benchmark raised their target price on shares of BlackSky Technology from $17.00 to $18.00 and gave the stock a "buy" rating in a research note on Tuesday, May 13th. Finally, Oppenheimer raised their target price 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. Six analysts have rated the stock with a buy rating, According to MarketBeat, the company currently has an average rating of "Buy" and a consensus target price of $20.33.

BlackSky Technology Trading Down 5.7%

Shares of BKSY stock traded down $0.64 during trading on Thursday, hitting $10.74. 1,945,501 shares of the stock traded hands, compared to its average volume of 863,957. The firm has a market capitalization of $339.82 million, a P/E ratio of -4.75 and a beta of 1.74. The company has a debt-to-equity ratio of 0.89, a current ratio of 5.68 and a quick ratio of 5.68. The firm's fifty day moving average price is $8.79 and its 200-day moving average price is $10.84. BlackSky Technology Inc. has a 52-week low of $3.86 and a 52-week high of $21.92.

BlackSky Technology (NYSE:BKSY - Get Free Report) last released its quarterly earnings results on Thursday, May 8th. The company reported ($0.42) EPS for the quarter, beating the consensus estimate of ($0.47) by $0.05. The firm had revenue of $29.54 million for the quarter, compared to analyst estimates 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, research analysts forecast that BlackSky Technology Inc. will post -2.28 earnings per share for the current fiscal year.

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.