1492 Capital Management LLC purchased a new position in BlackSky Technology Inc. (NYSE:BKSY - Free Report) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 93,803 shares of the company's stock, valued at approximately $725,000. 1492 Capital Management LLC owned about 0.30% of BlackSky Technology as of its most recent SEC filing.
Other institutional investors also recently added to or reduced their stakes in the company. New York State Common Retirement Fund lifted its position in shares of BlackSky Technology by 217.0% during the 1st quarter. New York State Common Retirement Fund now owns 8,765 shares of the company's stock worth $68,000 after buying an additional 6,000 shares during the last quarter. LBP AM SA increased its holdings in shares of BlackSky Technology by 22.3% in the 1st quarter. LBP AM SA now owns 37,881 shares of the company's stock valued at $293,000 after acquiring an additional 6,907 shares during the period. Brown Advisory Inc. acquired a new position in shares of BlackSky Technology in the 1st quarter valued at $98,000. Penserra Capital Management LLC increased its holdings in shares of BlackSky Technology by 20.6% in the 1st quarter. Penserra Capital Management LLC now owns 95,718 shares of the company's stock valued at $739,000 after acquiring an additional 16,371 shares during the period. Finally, Bank of New York Mellon Corp increased its holdings in shares of BlackSky Technology by 4.5% in the 1st quarter. Bank of New York Mellon Corp now owns 58,850 shares of the company's stock valued at $455,000 after acquiring an additional 2,552 shares during the period. Hedge funds and other institutional investors own 27.15% of the company's stock.
Wall Street Analysts Forecast Growth
Several brokerages have issued reports on BKSY. Canaccord Genuity Group dropped their price objective on shares of BlackSky Technology from $28.00 to $27.00 and set a "buy" rating on the stock in a research note on Tuesday. Benchmark boosted their price objective on shares of BlackSky Technology from $17.00 to $18.00 and gave the stock a "buy" rating in a research report on Tuesday, May 13th. Lake Street Capital boosted their price objective on shares of BlackSky Technology from $18.00 to $28.00 and gave the stock a "buy" rating in a research report on Thursday. Finally, HC Wainwright upped their target price on shares of BlackSky Technology from $20.00 to $28.00 and gave the company a "buy" rating in a report on Monday, July 21st. Six equities research analysts have rated the stock with a buy rating, According to MarketBeat, BlackSky Technology presently has a consensus rating of "Buy" and an average price target of $23.50.
Get Our Latest Analysis on BKSY
BlackSky Technology Trading Down 3.8%
Shares of BKSY stock traded down $0.78 during trading hours on Friday, hitting $19.75. 1,749,140 shares of the company were exchanged, compared to its average volume of 2,581,532. The firm has a market cap of $625.25 million, a PE ratio of -7.69 and a beta of 2.07. BlackSky Technology Inc. has a 1 year low of $3.86 and a 1 year high of $28.85. The company has a quick ratio of 3.79, a current ratio of 3.79 and a debt-to-equity ratio of 1.26. The firm has a fifty day moving average of $16.67 and a 200 day moving average of $13.02.
BlackSky Technology (NYSE:BKSY - Get Free Report) last announced its quarterly earnings data 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 business 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 50.30% and a negative return on equity of 45.63%. Analysts expect that BlackSky Technology Inc. will post -2.28 earnings per share for the current year.
BlackSky Technology Profile
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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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