BlackSky Technology's (BKSY) "Buy" Rating Reaffirmed at HC Wainwright

HC Wainwright reiterated their buy rating on shares of BlackSky Technology (NYSE:BKSY - Free Report) in a research note issued to investors on Thursday, Benzinga reports. HC Wainwright currently has a $2.50 target price on the stock.

Separately, Benchmark reaffirmed a buy rating and set a $3.00 price target on shares of BlackSky Technology in a research note on Thursday, March 14th.

BlackSky Technology Price Performance

NYSE:BKSY traded up $0.04 during mid-day trading on Thursday, hitting $1.21. 495,624 shares of the company's stock traded hands, compared to its average volume of 593,894. The company has a debt-to-equity ratio of 0.90, a quick ratio of 2.89 and a current ratio of 2.89. The firm's 50 day simple moving average is $1.32 and its 200 day simple moving average is $1.32. BlackSky Technology has a 1 year low of $1.04 and a 1 year high of $2.37. The company has a market cap of $177.65 million, a PE ratio of -2.87 and a beta of 1.03.

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

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of BKSY. SG Americas Securities LLC acquired a new position in BlackSky Technology during the third quarter valued at approximately $108,000. LA Financiere DE L Echiquier raised its stake in shares of BlackSky Technology by 10.6% during the fourth quarter. LA Financiere DE L Echiquier now owns 896,000 shares of the company's stock valued at $1,254,000 after purchasing an additional 86,000 shares during the period. Van ECK Associates Corp raised its stake in shares of BlackSky Technology by 32.8% during the fourth quarter. Van ECK Associates Corp now owns 43,346 shares of the company's stock valued at $61,000 after purchasing an additional 10,701 shares during the period. Finally, GSA Capital Partners LLP raised its stake in shares of BlackSky Technology by 123.8% during the first quarter. GSA Capital Partners LLP now owns 315,900 shares of the company's stock valued at $430,000 after purchasing an additional 174,773 shares during the period. 27.15% of the stock is owned by institutional investors and hedge funds.

BlackSky Technology Company 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.