210,348 Shares in BlackSky Technology Inc. $BKSY Bought by Jump Financial LLC

Key Points

• Jump Financial LLC has acquired 210,348 shares of BlackSky Technology Inc. (NYSE:BKSY), valued at approximately $1,626,000, representing a 0.66% ownership stake in the company.
• Analysts have mixed opinions on BlackSky Technology, with some raising price targets while others have downgraded ratings, resulting in an average target price of $23.50 and a general "buy" rating.
• Despite a revenue of $22.20 million in its most recent quarter, BlackSky reported a loss of $0.52 earnings per share (EPS), falling short of analyst estimates.

Jump Financial LLC acquired a new stake in BlackSky Technology Inc. (NYSE:BKSY - Free Report) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 210,348 shares of the company's stock, valued at approximately $1,626,000. Jump Financial LLC owned approximately 0.66% of BlackSky Technology at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. BNP Paribas Financial Markets raised its holdings in BlackSky Technology by 22.7% during the fourth quarter. BNP Paribas Financial Markets now owns 3,691 shares of the company's stock worth $40,000 after purchasing an additional 683 shares in the last quarter. Bridgeway Capital Management LLC raised its stake in shares of BlackSky Technology by 2.9% in the 4th quarter. Bridgeway Capital Management LLC now owns 59,450 shares of the company's stock worth $641,000 after buying an additional 1,700 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in BlackSky Technology by 4.5% during the first quarter. Bank of New York Mellon Corp now owns 58,850 shares of the company's stock valued at $455,000 after buying an additional 2,552 shares in the last quarter. Rhumbline Advisers boosted its stake in BlackSky Technology by 12.2% during the first quarter. Rhumbline Advisers now owns 35,295 shares of the company's stock valued at $273,000 after buying an additional 3,849 shares in the last quarter. Finally, New York State Common Retirement Fund raised its position in BlackSky Technology by 217.0% in the first quarter. New York State Common Retirement Fund now owns 8,765 shares of the company's stock worth $68,000 after acquiring an additional 6,000 shares in the last quarter. 27.15% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the stock. 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. Canaccord Genuity Group reduced their target price on shares of BlackSky Technology from $28.00 to $27.00 and set a "buy" rating for the company in a report on Tuesday, July 22nd. Lake Street Capital raised their target price on shares of BlackSky Technology from $18.00 to $28.00 and gave the stock a "buy" rating in a report on Thursday, July 24th. Benchmark upped their price target on BlackSky Technology from $17.00 to $18.00 and gave the company a "buy" rating in a report on Tuesday, May 13th. Finally, HC Wainwright raised their price objective on BlackSky Technology from $20.00 to $28.00 and gave the stock a "buy" rating in a research note on Monday, July 21st. Six investment analysts have rated the stock with a Buy rating, According to MarketBeat.com, BlackSky Technology currently has an average rating of "Buy" and a consensus price target of $23.50.

BlackSky Technology Stock Down 3.1%

Shares of BlackSky Technology stock traded down $0.57 during midday trading on Monday, hitting $17.51. The company's stock had a trading volume of 1,761,805 shares, compared to its average volume of 1,674,344. The firm has a market capitalization of $621.10 million, a P/E ratio of -5.21 and a beta of 2.16. 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 3.71, a current ratio of 3.71 and a debt-to-equity ratio of 1.35. The stock has a 50-day simple moving average of $19.77 and a 200-day simple moving average of $13.79.

BlackSky Technology (NYSE:BKSY - Get Free Report) last issued its earnings results on Thursday, August 7th. The company reported ($0.52) earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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. As a group, sell-side analysts expect that BlackSky Technology Inc. will post -2.28 earnings per share for the current year.

BlackSky Technology Profile

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.