BlackSky Technology (NYSE:BKSY) Rating Increased to Buy at Craig Hallum

Craig Hallum upgraded shares of BlackSky Technology (NYSE:BKSY - Free Report) from a hold rating to a buy rating in a research report sent to investors on Friday morning, Marketbeat.com reports. They currently have $10.00 target price on the stock.

Other analysts have also recently issued reports about the stock. Lake Street Capital increased their price objective on shares of BlackSky Technology from $4.00 to $32.00 and gave the stock a buy rating in a research note on Monday. Oppenheimer assumed coverage on BlackSky Technology in a research note on Wednesday. They issued an outperform rating and a $10.00 price target for the company. Five research analysts have rated the stock with a buy rating, According to data from MarketBeat, BlackSky Technology currently has a consensus rating of Buy and an average target price of $19.20.

BlackSky Technology Stock Up 8.8 %

BKSY traded up $0.44 on Friday, hitting $5.43. The company had a trading volume of 2,505,497 shares, compared to its average volume of 170,879. The stock has a fifty day simple moving average of $7.40 and a 200-day simple moving average of $8.66. The company has a debt-to-equity ratio of 1.41, a current ratio of 4.19 and a quick ratio of 4.19. The firm has a market capitalization of $797.29 million, a P/E ratio of -14.29 and a beta of 0.97. BlackSky Technology has a 52-week low of $3.86 and a 52-week high of $14.16.

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 company had revenue of $24.94 million during the quarter, compared to analyst estimates of $25.14 million. During the same quarter last year, the company earned ($1.92) EPS. As a group, equities analysts expect that BlackSky Technology will post -2.52 EPS for the current fiscal year.

Insider Activity

In related news, CFO Henry Edward Dubois sold 23,590 shares of the firm'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 $169,612.10. Following the sale, the chief financial officer now owns 231,645 shares of the company's stock, valued at $1,665,527.55. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other news, CFO Henry Edward Dubois sold 23,590 shares of the stock in a transaction on Tuesday, September 10th. The stock was sold at an average price of $7.19, for a total transaction of $169,612.10. Following the completion of the sale, the chief financial officer now owns 231,645 shares in the company, valued at approximately $1,665,527.55. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CAO Christiana L. Lin sold 13,031 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 $93,692.89. Following the completion of the sale, the chief accounting officer now owns 190,775 shares of the company's stock, 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. Over the last ninety days, insiders have sold 62,362 shares of company stock worth $446,535. Corporate insiders own 3.16% of the company's stock.

Hedge Funds Weigh In On BlackSky Technology

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