Nuveen LLC bought a new stake in BlackSky Technology Inc. (NYSE:BKSY - Free Report) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 1,239,578 shares of the company's stock, valued at approximately $9,582,000. Nuveen LLC owned approximately 3.92% of BlackSky Technology at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in BKSY. BNP Paribas Financial Markets increased its position in 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 in the last quarter. GAMMA Investing LLC increased its position in 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 in the last quarter. New York State Common Retirement Fund increased its position in BlackSky Technology by 217.0% in the 1st quarter. New York State Common Retirement Fund now owns 8,765 shares of the company's stock valued at $68,000 after buying an additional 6,000 shares in the last quarter. Brown Advisory Inc. bought a new stake in BlackSky Technology in the 1st quarter valued at about $98,000. Finally, XTX Topco Ltd bought a new stake in BlackSky Technology in the 4th quarter valued at about $150,000. 27.15% of the stock is owned by institutional investors.
BlackSky Technology Trading Down 3.1%
Shares of NYSE:BKSY traded down $0.57 on Friday, reaching $17.51. 1,761,805 shares of the company traded hands, compared to its average volume of 1,667,475. The business's 50-day simple moving average is $19.77 and its 200 day simple moving average is $13.83. BlackSky Technology Inc. has a 52 week low of $3.86 and a 52 week high of $28.85. The stock has a market capitalization of $621.19 million, a P/E ratio of -5.21 and a beta of 2.09. The company has a current ratio of 3.71, a quick ratio of 3.71 and a debt-to-equity ratio of 1.35.
BlackSky Technology (NYSE:BKSY - Get Free Report) last announced its quarterly earnings data 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). The company had revenue of $22.20 million for the quarter, compared to the consensus estimate of $22.17 million. BlackSky Technology had a negative net margin of 82.04% and a negative return on equity of 52.27%. BlackSky Technology has set its FY 2025 guidance at EPS. As a group, equities analysts anticipate that BlackSky Technology Inc. will post -2.28 EPS for the current fiscal year.
Wall Street Analysts Forecast Growth
A number of analysts recently commented on the company. Canaccord Genuity Group decreased their target price on BlackSky Technology from $28.00 to $27.00 and set a "buy" rating for the company in a research report on Tuesday, July 22nd. Benchmark boosted their price objective on BlackSky Technology from $17.00 to $18.00 and gave the stock a "buy" rating in a report on Tuesday, May 13th. HC Wainwright boosted their price objective on BlackSky Technology from $20.00 to $28.00 and gave the stock a "buy" rating in a report on Monday, July 21st. Lake Street Capital boosted their price objective on BlackSky Technology from $18.00 to $28.00 and gave the stock a "buy" rating in a report on Thursday, July 24th. Finally, Wall Street Zen lowered BlackSky Technology from a "hold" rating to a "strong sell" rating in a report on Saturday, August 9th. Six equities research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock has a consensus rating of "Buy" and an average target price of $23.50.
Get Our Latest Report on BKSY
About BlackSky Technology
(
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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