EntryPoint Capital LLC Invests $137,000 in BlackSky Technology Inc. $BKSY

Key Points

• EntryPoint Capital LLC has acquired a new stake in BlackSky Technology Inc., purchasing 17,763 shares valued at approximately $137,000, representing 0.06% ownership.
• Several institutional investors, including Wells Fargo and Barclays, have significantly increased their stakes in BlackSky Technology, indicating growing confidence in the company.
• Analysts have mixed ratings for BlackSky Technology, with the average consensus rating being a "Buy" and a price target of $23.50, despite a recent drop in earnings per share.

EntryPoint Capital LLC bought a new position in shares of BlackSky Technology Inc. (NYSE:BKSY - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 17,763 shares of the company's stock, valued at approximately $137,000. EntryPoint Capital LLC owned 0.06% of BlackSky Technology at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of BKSY. BNP Paribas Financial Markets boosted its stake in shares of BlackSky Technology by 22.7% in the fourth quarter. BNP Paribas Financial Markets now owns 3,691 shares of the company's stock valued at $40,000 after purchasing an additional 683 shares during the period. GAMMA Investing LLC lifted its stake in BlackSky Technology by 14,829.2% in the first quarter. GAMMA Investing LLC now owns 7,166 shares of the company's stock worth $55,000 after acquiring an additional 7,118 shares during the last quarter. New York State Common Retirement Fund lifted its stake 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 during the last quarter. Brown Advisory Inc. purchased a new position in BlackSky Technology in the first quarter worth approximately $98,000. Finally, Fox Run Management L.L.C. purchased a new stake in shares of BlackSky Technology during the 1st quarter worth approximately $108,000. Hedge funds and other institutional investors own 27.15% of the company's stock.

BlackSky Technology Stock Performance

BKSY traded down $0.10 during trading on Thursday, hitting $18.06. The stock had a trading volume of 1,292,542 shares, compared to its average volume of 1,604,211. The company has a debt-to-equity ratio of 1.35, a quick ratio of 3.71 and a current ratio of 3.71. The firm has a market capitalization of $640.55 million, a P/E ratio of -5.37 and a beta of 2.09. The company's 50-day moving average price is $19.59 and its 200 day moving average price is $13.83. BlackSky Technology Inc. has a twelve month low of $3.86 and a twelve month high of $28.85.

BlackSky Technology (NYSE:BKSY - Get Free Report) last posted its quarterly earnings results on Thursday, August 7th. The company reported ($0.52) earnings per share for the quarter, missing analysts' consensus estimates of ($0.49) by ($0.03). BlackSky Technology had a negative return on equity of 52.27% and a negative net margin of 82.04%.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. On average, equities research analysts forecast that BlackSky Technology Inc. will post -2.28 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on BKSY. HC Wainwright boosted their price objective on shares of BlackSky Technology from $20.00 to $28.00 and gave the stock a "buy" rating in a research report on Monday, July 21st. 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. Canaccord Genuity Group cut their target price on shares of BlackSky Technology from $28.00 to $27.00 and set a "buy" rating on the stock in a report on Tuesday, July 22nd. Wall Street Zen cut shares of BlackSky Technology from a "hold" rating to a "strong sell" rating in a report on Saturday, August 9th. Finally, Lake Street Capital lifted their target price on shares of BlackSky Technology from $18.00 to $28.00 and gave the company a "buy" rating in a report on Thursday, July 24th. Six analysts have rated the stock with a Buy rating, According to MarketBeat.com, BlackSky Technology currently has an average rating of "Buy" and an average target price of $23.50.

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.