Brown Advisory Inc. Buys New Shares in BlackSky Technology Inc. (NYSE:BKSY)

Brown Advisory Inc. acquired a new position in shares of BlackSky Technology Inc. (NYSE:BKSY - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 12,625 shares of the company's stock, valued at approximately $98,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Summit Investment Advisors Inc. grew its position in shares of BlackSky Technology by 115.2% in the 4th quarter. Summit Investment Advisors Inc. now owns 2,626 shares of the company's stock valued at $28,000 after buying an additional 1,406 shares during the last quarter. BNP Paribas Financial Markets grew its position in shares of BlackSky Technology by 22.7% in the 4th quarter. BNP Paribas Financial Markets now owns 3,691 shares of the company's stock valued at $40,000 after buying an additional 683 shares during the last quarter. Farther Finance Advisors LLC bought a new stake in shares of BlackSky Technology in the 4th quarter valued at about $44,000. GAMMA Investing LLC grew its position in shares of BlackSky Technology by 14,829.2% in the 1st quarter. GAMMA Investing LLC now owns 7,166 shares of the company's stock valued at $55,000 after buying an additional 7,118 shares during the last quarter. Finally, CIBC Private Wealth Group LLC bought a new stake in shares of BlackSky Technology in the 4th quarter valued at about $76,000. Institutional investors own 27.15% of the company's stock.

BlackSky Technology Stock Performance

BlackSky Technology stock traded down $4.65 during trading on Friday, reaching $23.64. The company had a trading volume of 10,210,192 shares, compared to its average volume of 1,178,360. BlackSky Technology Inc. has a 52 week low of $3.86 and a 52 week high of $28.85. The company has a current ratio of 3.79, a quick ratio of 3.79 and a debt-to-equity ratio of 1.26. The firm has a market capitalization of $748.25 million, a price-to-earnings ratio of -9.20 and a beta of 2.07. The firm's 50-day simple moving average is $15.81 and its 200 day simple moving average is $12.71.

BlackSky Technology (NYSE:BKSY - Get Free Report) last issued its quarterly 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 business had revenue of $29.54 million during the quarter, compared to analyst estimates of $27.20 million. Sell-side analysts forecast that BlackSky Technology Inc. will post -2.28 earnings per share for the current fiscal year.

Analysts Set New Price Targets

BKSY has been the topic of several research analyst reports. Benchmark upped their target price on BlackSky Technology from $17.00 to $18.00 and gave the company a "buy" rating in a research report on Tuesday, May 13th. Canaccord Genuity Group upped their target price on BlackSky Technology from $20.00 to $28.00 and gave the company a "buy" rating in a research report on Wednesday. Finally, HC Wainwright upped their target price on BlackSky Technology from $20.00 to $28.00 and gave the company a "buy" rating in a research report on Tuesday, July 8th. Six investment analysts have rated the stock with a buy rating, According to MarketBeat, the company currently has a consensus rating of "Buy" and a consensus price target of $24.33.

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.