Nuveen LLC bought a new position in shares of BlackSky Technology Inc. (NYSE:BKSY - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor 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 quarter.
A number of other large investors have also modified their holdings of BKSY. Geode Capital Management LLC raised its stake in shares of BlackSky Technology by 94.2% during the 4th quarter. Geode Capital Management LLC now owns 551,444 shares of the company's stock worth $5,951,000 after buying an additional 267,427 shares in the last quarter. Wells Fargo & Company MN raised its stake in shares of BlackSky Technology by 158.7% during the 4th quarter. Wells Fargo & Company MN now owns 32,524 shares of the company's stock worth $351,000 after buying an additional 19,954 shares in the last quarter. Invesco Ltd. purchased a new position in shares of BlackSky Technology during the 4th quarter worth approximately $3,868,000. Renaissance Technologies LLC purchased a new position in shares of BlackSky Technology during the 4th quarter worth approximately $170,000. Finally, Barclays PLC raised its stake in shares of BlackSky Technology by 113.1% during the 4th quarter. Barclays PLC now owns 37,948 shares of the company's stock worth $409,000 after buying an additional 20,142 shares in the last quarter. 27.15% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
BKSY has been the subject of a number of analyst reports. Canaccord Genuity Group cut their target price on BlackSky Technology from $28.00 to $27.00 and set a "buy" rating for the company in a research note on Tuesday, July 22nd. Lake Street Capital raised their price objective on BlackSky Technology from $18.00 to $28.00 and gave the company a "buy" rating in a research note on Thursday, July 24th. HC Wainwright raised their price objective on BlackSky Technology from $20.00 to $28.00 and gave the company a "buy" rating in a research note on Monday, July 21st. Benchmark raised their price objective on BlackSky Technology from $17.00 to $18.00 and gave the company a "buy" rating in a research note on Tuesday, May 13th. Finally, Wall Street Zen downgraded BlackSky Technology from a "hold" rating to a "strong sell" rating in a research note on Saturday, August 9th. Six equities research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock has an average rating of "Buy" and an average target price of $23.50.
Check Out Our Latest Stock Analysis on BlackSky Technology
BlackSky Technology Price Performance
BlackSky Technology stock traded down $0.02 during mid-day trading on Thursday, hitting $18.15. 891,558 shares of the company were exchanged, compared to its average volume of 1,601,652. The company has a debt-to-equity ratio of 1.35, a current ratio of 3.71 and a quick ratio of 3.71. The business's 50 day simple moving average is $19.59 and its two-hundred day simple moving average is $13.83. The company has a market capitalization of $643.60 million, a P/E ratio of -5.38 and a beta of 2.09. BlackSky Technology Inc. has a 12-month low of $3.86 and a 12-month high of $28.85.
BlackSky Technology (NYSE:BKSY - Get Free Report) last released its quarterly earnings results on Thursday, August 7th. The company reported ($0.52) earnings per share for the quarter, missing the consensus estimate of ($0.49) by ($0.03). The company had revenue of $22.20 million for the quarter, compared to analysts' expectations of $22.17 million. BlackSky Technology had a negative return on equity of 52.27% and a negative net margin of 82.04%. BlackSky Technology has set its FY 2025 guidance at EPS. Analysts forecast that BlackSky Technology Inc. will post -2.28 earnings per share for the current fiscal 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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