BlackSky Technology (NYSE:BKSY - Get Free Report) had its price target boosted by stock analysts at Lake Street Capital from $18.00 to $28.00 in a research note issued to investors on Thursday,Benzinga reports. The brokerage presently has a "buy" rating on the stock. Lake Street Capital's price objective suggests a potential upside of 34.11% from the company's current price.
Several other brokerages also recently issued reports on BKSY. HC Wainwright upped their target price on shares of BlackSky Technology from $20.00 to $28.00 and gave the stock a "buy" rating in a research note on Monday. Benchmark increased their price target on shares of BlackSky Technology from $17.00 to $18.00 and gave the company a "buy" rating in a report on Tuesday, May 13th. Finally, Canaccord Genuity Group cut their price target on shares of BlackSky Technology from $28.00 to $27.00 and set a "buy" rating on the stock in a report on Tuesday. Six investment analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock presently has a consensus rating of "Buy" and a consensus price target of $23.50.
View Our Latest Stock Report on BKSY
BlackSky Technology Price Performance
Shares of BlackSky Technology stock traded up $0.44 on Thursday, hitting $20.88. 867,593 shares of the company traded hands, compared to its average volume of 1,595,426. The firm's 50-day simple moving average is $16.35 and its 200 day simple moving average is $12.90. 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 company has a market cap of $660.79 million, a P/E ratio of -8.11 and a beta of 2.07. BlackSky Technology 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 earnings results on Thursday, May 8th. The company reported ($0.42) EPS for the quarter, beating the consensus estimate of ($0.47) by $0.05. The company had revenue of $29.54 million for the quarter, compared to analyst estimates of $27.20 million. BlackSky Technology had a negative net margin of 50.30% and a negative return on equity of 45.63%. Analysts expect that BlackSky Technology will post -2.28 earnings per share for the current fiscal year.
Institutional Investors Weigh In On BlackSky Technology
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Summit Investment Advisors Inc. raised its holdings 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 purchasing an additional 1,406 shares in the last quarter. IFP Advisors Inc raised its holdings in shares of BlackSky Technology by 35,575.0% in the 2nd quarter. IFP Advisors Inc now owns 1,427 shares of the company's stock valued at $32,000 after purchasing an additional 1,423 shares in 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 worth $40,000 after buying an additional 683 shares during the last quarter. 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 worth $55,000 after buying an additional 7,118 shares during the last quarter. Finally, New York State Common Retirement Fund grew its position in shares of 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 worth $68,000 after buying an additional 6,000 shares during the last quarter. Institutional investors own 27.15% of the company's stock.
BlackSky Technology Company Profile
(
Get 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.
Further Reading
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider BlackSky Technology, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and BlackSky Technology wasn't on the list.
While BlackSky Technology currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
With the proliferation of data centers and electric vehicles, the electric grid will only get more strained. Download this report to learn how energy stocks can play a role in your portfolio as the global demand for energy continues to grow.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
