BlackSky Technology (NYSE:BKSY) Now Covered by Analysts at HC Wainwright

HC Wainwright assumed coverage on shares of BlackSky Technology (NYSE:BKSY - Get Free Report) in a research report issued on Wednesday, Marketbeat reports. The firm set a "buy" rating and a $2.50 price target on the stock. HC Wainwright's price objective suggests a potential upside of 76.68% from the stock's current price.

Separately, Benchmark reissued a "buy" rating and issued a $3.00 price objective on shares of BlackSky Technology in a research note on Thursday, March 14th.

BlackSky Technology Price Performance

Shares of BKSY traded up $0.08 during trading hours on Wednesday, reaching $1.42. The company had a trading volume of 605,367 shares, compared to its average volume of 640,268. The company has a current ratio of 2.89, a quick ratio of 2.89 and a debt-to-equity ratio of 0.90. BlackSky Technology has a 12-month low of $1.04 and a 12-month high of $2.37. The firm has a 50 day simple moving average of $1.40 and a 200-day simple moving average of $1.31. The company has a market capitalization of $206.96 million, a price-to-earnings ratio of -3.45 and a beta of 1.02.

BlackSky Technology (NYSE:BKSY - Get Free Report) last issued its earnings results on Wednesday, February 28th. The company reported ($0.05) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.09) by $0.04. The company had revenue of $35.51 million during the quarter, compared to analysts' expectations of $26.13 million. BlackSky Technology had a negative net margin of 57.06% and a negative return on equity of 75.79%. Research analysts expect that BlackSky Technology will post -0.29 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. BlackRock Inc. boosted its holdings in shares of BlackSky Technology by 637.0% during the second quarter. BlackRock Inc. now owns 7,388,296 shares of the company's stock worth $16,402,000 after purchasing an additional 6,385,819 shares during the last quarter. Vanguard Group Inc. boosted its stake in BlackSky Technology by 1.6% in the 4th quarter. Vanguard Group Inc. now owns 4,491,622 shares of the company's stock worth $6,288,000 after buying an additional 69,910 shares during the last quarter. State Street Corp grew its holdings in BlackSky Technology by 635.8% in the 2nd quarter. State Street Corp now owns 1,991,646 shares of the company's stock valued at $4,421,000 after buying an additional 1,720,955 shares during the period. Geode Capital Management LLC increased its stake in shares of BlackSky Technology by 202.5% during the 2nd quarter. Geode Capital Management LLC now owns 1,957,117 shares of the company's stock valued at $4,345,000 after acquiring an additional 1,310,047 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its holdings in shares of BlackSky Technology by 102.8% during the 1st quarter. Bank of New York Mellon Corp now owns 1,537,605 shares of the company's stock worth $2,906,000 after acquiring an additional 779,523 shares during the period. Institutional investors and hedge funds own 27.15% of the company's stock.

About BlackSky Technology

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.