HC Wainwright Trims BlackSky Technology (NYSE:BKSY) Target Price to $12.00

BlackSky Technology (NYSE:BKSY - Free Report) had its price target cut by HC Wainwright from $15.00 to $12.00 in a report issued on Wednesday morning, Benzinga reports. They currently have a buy rating on the stock.

Other equities analysts have also issued research reports about the stock. Craig Hallum upgraded shares of BlackSky Technology from a "hold" rating to a "buy" rating and set a $10.00 target price on the stock in a report on Friday, October 4th. Lake Street Capital upped their target price on BlackSky Technology from $4.00 to $32.00 and gave the company a "buy" rating in a research report on Monday, September 30th. Finally, Oppenheimer initiated coverage on BlackSky Technology in a research note on Wednesday, October 2nd. They set an "outperform" rating and a $10.00 target price for the company. Five analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company presently has an average rating of "Buy" and an average target price of $17.60.

BlackSky Technology Trading Up 0.5 %

NYSE BKSY traded up $0.03 on Wednesday, hitting $6.13. The company's stock had a trading volume of 433,455 shares, compared to its average volume of 201,718. The company's 50-day moving average is $7.07 and its 200 day moving average is $8.40. The firm has a market cap of $900.07 million, a PE ratio of -16.13 and a beta of 0.97. BlackSky Technology has a 1-year low of $3.86 and a 1-year high of $14.16. The company has a quick ratio of 4.19, a current ratio of 4.19 and a debt-to-equity ratio of 1.41.

BlackSky Technology (NYSE:BKSY - Get Free Report) last posted its quarterly earnings data on Thursday, August 8th. The company reported ($0.48) earnings per share for the quarter, beating analysts' consensus estimates of ($0.72) by $0.24. BlackSky Technology had a negative return on equity of 56.91% and a negative net margin of 26.78%. The business had revenue of $24.94 million during the quarter, compared to the consensus estimate of $25.14 million. During the same period in the prior year, the business posted ($1.92) earnings per share. As a group, analysts predict that BlackSky Technology will post -2.52 earnings per share for the current fiscal year.

Insider Transactions at BlackSky Technology

In other BlackSky Technology news, CAO Christiana L. Lin sold 13,031 shares of BlackSky Technology stock in a transaction dated Tuesday, September 10th. The stock was sold at an average price of $7.19, for a total transaction of $93,692.89. Following the completion of the transaction, the chief accounting officer now owns 190,775 shares in the company, valued at approximately $1,371,672.25. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, CEO Brian E. O'toole sold 24,352 shares of the stock in a transaction dated Tuesday, September 10th. The shares were sold at an average price of $7.19, for a total value of $175,090.88. Following the completion of the sale, the chief executive officer now owns 479,785 shares in the company, valued at $3,449,654.15. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CAO Christiana L. Lin sold 13,031 shares of the business's stock in a transaction dated Tuesday, September 10th. The stock was sold at an average price of $7.19, for a total transaction of $93,692.89. Following the transaction, the chief accounting officer now owns 190,775 shares in the company, valued at approximately $1,371,672.25. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 62,362 shares of company stock valued at $446,535 over the last three months. Corporate insiders own 3.16% of the company's stock.

Institutional Investors Weigh In On BlackSky Technology

Large investors have recently made changes to their positions in the business. Vanguard Group Inc. lifted its position in shares of BlackSky Technology by 17.8% during the 1st quarter. Vanguard Group Inc. now owns 5,291,909 shares of the company's stock valued at $7,197,000 after buying an additional 800,287 shares during the last quarter. Virtu Financial LLC boosted its position in BlackSky Technology by 134.5% during the first quarter. Virtu Financial LLC now owns 145,514 shares of the company's stock worth $198,000 after purchasing an additional 83,462 shares during the period. GSA Capital Partners LLP increased its stake in shares of BlackSky Technology by 123.8% in the first quarter. GSA Capital Partners LLP now owns 315,900 shares of the company's stock worth $430,000 after purchasing an additional 174,773 shares in the last quarter. Squarepoint Ops LLC purchased a new stake in shares of BlackSky Technology during the 2nd quarter valued at approximately $295,000. Finally, LA Financiere DE L Echiquier grew its stake in BlackSky Technology by 13.6% in the 2nd quarter. LA Financiere DE L Echiquier now owns 933,000 shares of the company's stock valued at $998,000 after buying an additional 112,000 shares in the last quarter. 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.