Dimensional Fund Advisors LP Takes Position in BlackSky Technology Inc. (NYSE:BKSY)

Dimensional Fund Advisors LP purchased a new stake in BlackSky Technology Inc. (NYSE:BKSY) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 35,072 shares of the company’s stock, valued at approximately $378,000. Dimensional Fund Advisors LP owned about 0.11% of BlackSky Technology as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in the business. Geode Capital Management LLC raised its position in shares of BlackSky Technology by 94.2% during the 4th quarter. Geode Capital Management LLC now owns 551,444 shares of the company’s stock worth $5,951,000 after purchasing an additional 267,427 shares during the last quarter. Invesco Ltd. acquired a new position in shares of BlackSky Technology during the 4th quarter worth about $3,868,000. Trexquant Investment LP lifted its stake in BlackSky Technology by 2,309.8% in the 4th quarter. Trexquant Investment LP now owns 301,590 shares of the company’s stock worth $3,254,000 after purchasing an additional 289,075 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its stake in BlackSky Technology by 98.2% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 189,157 shares of the company’s stock worth $2,041,000 after purchasing an additional 93,715 shares in the last quarter. Finally, Patriot Financial Group Insurance Agency LLC acquired a new stake in shares of BlackSky Technology during the 4th quarter worth approximately $1,297,000. 27.15% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on BKSY. Canaccord Genuity Group assumed coverage on shares of BlackSky Technology in a research report on Thursday, April 10th. They set a “buy” rating and a $12.00 price objective for the company. Oppenheimer raised their price objective on shares of BlackSky Technology from $10.00 to $30.00 and gave the company an “outperform” rating in a report on Wednesday, February 19th. HC Wainwright restated a “buy” rating and issued a $20.00 price objective on shares of BlackSky Technology in a report on Friday, March 7th. Finally, Benchmark raised their price objective on shares of BlackSky Technology from $17.00 to $18.00 and gave the company a “buy” rating in a report on Tuesday. Six equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of $20.33.

BlackSky Technology Stock Down 2.5%

BKSY stock opened at $11.85 on Friday. The company has a market cap of $375.11 million, a P/E ratio of -5.24 and a beta of 1.74. BlackSky Technology Inc. has a 52 week low of $3.86 and a 52 week high of $21.92. The company’s 50-day moving average price is $8.61 and its 200 day moving average price is $10.71. The company has a current ratio of 5.68, a quick ratio of 5.68 and a debt-to-equity ratio of 0.89.

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

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.