BlackSky Technology (NYSE:BKSY) Given Buy Rating at HC Wainwright

BlackSky Technology (NYSE:BKSY - Get Free Report)'s stock had its "buy" rating reissued by analysts at HC Wainwright in a research report issued to clients and investors on Friday,Benzinga reports. They currently have a $20.00 price target on the stock. HC Wainwright's target price suggests a potential upside of 119.66% from the company's current price.

Separately, Oppenheimer increased their price objective on BlackSky Technology from $10.00 to $30.00 and gave the company an "outperform" rating in a research note on Wednesday, February 19th. Five investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company currently has an average rating of "Buy" and a consensus price target of $21.80.

BlackSky Technology Price Performance

NYSE BKSY traded down $0.13 on Friday, hitting $9.11. The company had a trading volume of 1,534,678 shares, compared to its average volume of 1,845,209. The company has a debt-to-equity ratio of 0.89, a current ratio of 5.68 and a quick ratio of 5.68. The company has a market capitalization of $280.24 million, a PE ratio of -4.03 and a beta of 1.27. BlackSky Technology has a 12-month low of $3.86 and a 12-month high of $21.92. The company's fifty day moving average price is $13.63 and its 200-day moving average price is $10.06.

Institutional Investors Weigh In On BlackSky Technology

Several hedge funds and other institutional investors have recently made changes to their positions in BKSY. Mithril II GP LP purchased a new stake in BlackSky Technology in the 4th quarter valued at $11,116,000. Thompson Siegel & Walmsley LLC acquired a new position in shares of BlackSky Technology during the 3rd quarter valued at about $3,674,000. Invesco Ltd. purchased a new stake in shares of BlackSky Technology in the fourth quarter valued at about $3,868,000. Trexquant Investment LP increased its position in BlackSky Technology by 2,309.8% during the fourth 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 during the last quarter. Finally, Geode Capital Management LLC raised its stake in BlackSky Technology by 94.2% during the fourth 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 period. Institutional investors and hedge funds own 27.15% of the company's stock.

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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.