BlackSky Technology (NYSE:BKSY) Given New $28.00 Price Target at HC Wainwright

BlackSky Technology (NYSE:BKSY) had its price objective boosted by HC Wainwright from $20.00 to $28.00 in a research report released on Monday,Benzinga reports. HC Wainwright currently has a buy rating on the stock.

A number of other equities research analysts have also recently commented on the stock. Canaccord Genuity Group increased their target price on shares of BlackSky Technology from $20.00 to $28.00 and gave the company a “buy” rating in a research report on Wednesday, July 16th. Benchmark lifted their price objective on shares of BlackSky Technology from $17.00 to $18.00 and gave the company a “buy” rating in a research note on Tuesday, May 13th. Six research analysts have rated the stock with a buy rating, According to MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of $24.33.

BlackSky Technology Stock Down 5.7%

Shares of NYSE:BKSY opened at $22.35 on Monday. The firm has a market capitalization of $707.22 million, a PE ratio of -8.69 and a beta of 2.07. BlackSky Technology has a 1 year low of $3.86 and a 1 year high of $28.85. The firm’s 50-day moving average is $16.02 and its two-hundred day moving average is $12.79. The company has a debt-to-equity ratio of 1.26, a current ratio of 3.79 and a quick ratio of 3.79.

BlackSky Technology (NYSE:BKSY) last announced its quarterly earnings data on Thursday, May 8th. The company reported ($0.42) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.47) by $0.05. The firm had revenue of $29.54 million during the quarter, compared to the consensus estimate of $27.20 million. BlackSky Technology had a negative return on equity of 45.63% and a negative net margin of 50.30%. Analysts predict that BlackSky Technology will post -2.28 EPS for the current year.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. Summit Investment Advisors Inc. lifted its holdings in shares of BlackSky Technology by 115.2% in the 4th quarter. Summit Investment Advisors Inc. now owns 2,626 shares of the company’s stock valued at $28,000 after purchasing an additional 1,406 shares during the last quarter. BNP Paribas Financial Markets grew its position in BlackSky Technology by 22.7% during the 4th quarter. BNP Paribas Financial Markets now owns 3,691 shares of the company’s stock worth $40,000 after purchasing an additional 683 shares in the last quarter. Farther Finance Advisors LLC acquired a new stake in shares of BlackSky Technology in the 4th quarter valued at $44,000. GAMMA Investing LLC increased its stake in BlackSky Technology by 14,829.2% in the first quarter. GAMMA Investing LLC now owns 7,166 shares of the company’s stock valued at $55,000 after acquiring an additional 7,118 shares during the period. Finally, CIBC Private Wealth Group LLC bought a new position in BlackSky Technology in the fourth quarter valued at approximately $76,000. 27.15% of the stock is owned by hedge funds and other institutional investors.

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.