BlackSky Technology (NYSE:BKSY - Get Free Report) had its price target lowered by HC Wainwright from $15.00 to $12.00 in a research note issued on Wednesday, Benzinga reports. The firm presently has a "buy" rating on the stock. HC Wainwright's price target points to a potential upside of 97.69% from the company's previous close.
A number of other equities analysts also recently issued reports on the stock. Lake Street Capital lifted their price objective on shares of BlackSky Technology from $4.00 to $32.00 and gave the stock a "buy" rating in a report on Monday, September 30th. Oppenheimer started coverage on shares of BlackSky Technology in a report on Wednesday, October 2nd. They set an "outperform" rating and a $10.00 price target on the stock. Finally, Craig Hallum upgraded shares of BlackSky Technology from a "hold" rating to a "buy" rating and set a $10.00 price objective for the company in a research note on Friday, October 4th. Five analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock presently has a consensus rating of "Buy" and a consensus target price of $17.60.
View Our Latest Analysis on BKSY
Shares of NYSE:BKSY traded down $0.03 during midday trading on Wednesday, hitting $6.07. 298,909 shares of the company's stock were exchanged, compared to its average volume of 201,036. BlackSky Technology has a 12 month low of $3.86 and a 12 month high of $14.16. The company has a market cap of $891.26 million, a PE ratio of -15.97 and a beta of 0.97. The company has a debt-to-equity ratio of 1.41, a current ratio of 4.19 and a quick ratio of 4.19. The stock has a 50 day moving average price of $7.07 and a 200-day moving average price of $8.40.
BlackSky Technology (NYSE:BKSY - Get Free Report) last issued its quarterly earnings data on Thursday, August 8th. The company reported ($0.48) EPS for the quarter, topping analysts' consensus estimates of ($0.72) by $0.24. The firm had revenue of $24.94 million during the quarter, compared to analyst estimates of $25.14 million. BlackSky Technology had a negative return on equity of 56.91% and a negative net margin of 26.78%. During the same period in the previous year, the company posted ($1.92) EPS. On average, sell-side analysts anticipate that BlackSky Technology will post -2.52 EPS for the current fiscal year.
In related news, CFO Henry Edward Dubois sold 23,590 shares of the firm's stock in a transaction dated Tuesday, September 10th. The shares were sold at an average price of $7.19, for a total transaction of $169,612.10. Following the completion of the sale, the chief financial officer now owns 231,645 shares in the company, valued at approximately $1,665,527.55. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In other BlackSky Technology news, CFO Henry Edward Dubois sold 23,590 shares of the firm's stock in a transaction on Tuesday, September 10th. The stock was sold at an average price of $7.19, for a total value of $169,612.10. Following the completion of the sale, the chief financial officer now directly owns 231,645 shares of the company's stock, valued at $1,665,527.55. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO Brian E. O'toole sold 24,352 shares of the company's stock in a transaction on Tuesday, September 10th. The shares were sold at an average price of $7.19, for a total value of $175,090.88. Following the transaction, the chief executive officer now directly owns 479,785 shares in the company, valued at $3,449,654.15. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 62,362 shares of company stock valued at $446,535. 3.16% of the stock is owned by insiders.
Several large investors have recently modified their holdings of BKSY. Virtu Financial LLC boosted its holdings in BlackSky Technology by 134.5% in the 1st quarter. Virtu Financial LLC now owns 145,514 shares of the company's stock worth $198,000 after buying an additional 83,462 shares during the period. Squarepoint Ops LLC purchased a new position in shares of BlackSky Technology in the second quarter valued at $295,000. GSA Capital Partners LLP raised its stake in shares of BlackSky Technology by 123.8% during the 1st 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. LA Financiere DE L Echiquier lifted its holdings in BlackSky Technology by 13.6% during the 2nd quarter. LA Financiere DE L Echiquier now owns 933,000 shares of the company's stock worth $998,000 after purchasing an additional 112,000 shares in the last quarter. Finally, Vanguard Group Inc. boosted its stake in BlackSky Technology by 17.8% in the 1st quarter. Vanguard Group Inc. now owns 5,291,909 shares of the company's stock worth $7,197,000 after purchasing an additional 800,287 shares during the period. Hedge funds and other institutional investors own 27.15% of the company's stock.
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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