BlackSky Technology Inc. (NYSE:BKSY) Given Average Rating of “Buy” by Analysts

Shares of BlackSky Technology Inc. (NYSE:BKSY) have received a consensus recommendation of “Buy” from the six research firms that are currently covering the company, MarketBeat.com reports. Six investment analysts have rated the stock with a buy rating. The average twelve-month price objective among brokerages that have covered the stock in the last year is $20.17.

Several brokerages recently weighed in on BKSY. Benchmark restated a “buy” rating and issued a $17.00 price target on shares of BlackSky Technology in a research report on Friday, March 7th. HC Wainwright restated a “buy” rating and set a $20.00 target price on shares of BlackSky Technology in a research report on Friday, March 7th. Oppenheimer lifted their price target on BlackSky Technology from $10.00 to $30.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 19th. Finally, Canaccord Genuity Group began coverage on BlackSky Technology in a research report on Thursday, April 10th. They set a “buy” rating and a $12.00 price objective on the stock.

Hedge Funds Weigh In On BlackSky Technology

Large investors have recently bought and sold shares of the business. Mithril II GP LP purchased a new stake in shares of BlackSky Technology during the fourth quarter valued at $11,116,000. Invesco Ltd. bought a new stake in BlackSky Technology during the 4th quarter valued at about $3,868,000. Trexquant Investment LP boosted its position in BlackSky Technology by 2,309.8% in the 4th quarter. Trexquant Investment LP now owns 301,590 shares of the company’s stock valued at $3,254,000 after buying an additional 289,075 shares during the period. Geode Capital Management LLC grew its stake in BlackSky Technology by 94.2% in the 4th quarter. Geode Capital Management LLC now owns 551,444 shares of the company’s stock worth $5,951,000 after acquiring an additional 267,427 shares in the last quarter. Finally, Patriot Financial Group Insurance Agency LLC purchased a new position in shares of BlackSky Technology during the fourth quarter worth approximately $1,297,000. Hedge funds and other institutional investors own 27.15% of the company’s stock.

BlackSky Technology Stock Performance

NYSE:BKSY opened at $8.87 on Monday. The company has a market cap of $280.75 million, a price-to-earnings ratio of -3.92 and a beta of 1.61. BlackSky Technology has a 1 year low of $3.86 and a 1 year high of $21.92. The stock’s 50 day simple moving average is $8.84 and its two-hundred day simple moving average is $10.47. The company has a debt-to-equity ratio of 0.89, a current ratio of 5.68 and a quick ratio of 5.68.

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.