Benchmark Issues Positive Forecast for BlackSky Technology (NYSE:BKSY) Stock Price

BlackSky Technology (NYSE:BKSY) had its price objective increased by Benchmark from $17.00 to $18.00 in a research note published on Tuesday morning,Benzinga reports. Benchmark currently has a buy rating on the stock.

A number of other brokerages also recently commented on BKSY. Canaccord Genuity Group began coverage on shares of BlackSky Technology in a research report on Thursday, April 10th. They issued a “buy” rating and a $12.00 price objective on the stock. Oppenheimer boosted their target price on shares of BlackSky Technology from $10.00 to $30.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 19th. Finally, HC Wainwright restated a “buy” rating and issued a $20.00 price target on shares of BlackSky Technology in a research note on Friday, March 7th. Six equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, the company has a consensus rating of “Buy” and an average price target of $20.33.

BlackSky Technology Trading Up 2.9%

BKSY opened at $11.85 on Tuesday. The business has a fifty day moving average price of $8.41 and a 200 day moving average price of $10.63. The company has a debt-to-equity ratio of 0.89, a current ratio of 5.68 and a quick ratio of 5.68. BlackSky Technology has a 12 month low of $3.86 and a 12 month high of $21.92. The stock has a market capitalization of $375.08 million, a price-to-earnings ratio of -5.24 and a beta of 1.74.

BlackSky Technology (NYSE:BKSY) last announced its quarterly earnings data on Thursday, May 8th. The company reported ($0.42) EPS for the quarter, topping analysts’ consensus estimates of ($0.47) by $0.05. BlackSky Technology had a negative return on equity of 49.91% and a negative net margin of 38.83%. The business had revenue of $29.54 million during the quarter, compared to the consensus estimate of $27.20 million. Sell-side analysts expect that BlackSky Technology will post -2.28 earnings per share for the current fiscal year.

Institutional Trading of BlackSky Technology

Several institutional investors have recently modified their holdings of the stock. Summit Investment Advisors Inc. raised its stake in BlackSky Technology by 115.2% during the 4th quarter. Summit Investment Advisors Inc. now owns 2,626 shares of the company’s stock worth $28,000 after acquiring an additional 1,406 shares in the last quarter. BNP Paribas Financial Markets grew its holdings in shares of BlackSky Technology by 22.7% during the fourth quarter. BNP Paribas Financial Markets now owns 3,691 shares of the company’s stock worth $40,000 after purchasing an additional 683 shares during the last quarter. Farther Finance Advisors LLC acquired a new stake in shares of BlackSky Technology during the fourth quarter worth about $44,000. GAMMA Investing LLC lifted its holdings 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 valued at $55,000 after purchasing an additional 7,118 shares during the last quarter. Finally, New York State Common Retirement Fund lifted its holdings 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 valued at $68,000 after purchasing an additional 6,000 shares during the last quarter. Hedge funds and other institutional investors own 27.15% of the company’s stock.

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.