HC Wainwright Raises BlackSky Technology (NYSE:BKSY) Price Target to $20.00

BlackSky Technology (NYSE:BKSY) had its price objective upped by equities research analysts at HC Wainwright from $12.00 to $20.00 in a research note issued on Monday,Benzinga reports. The firm presently has a “buy” rating on the stock. HC Wainwright’s target price would indicate a potential upside of 33.54% from the company’s previous close.

BlackSky Technology Stock Performance

NYSE:BKSY opened at $14.98 on Monday. BlackSky Technology has a 52-week low of $3.86 and a 52-week high of $17.39. The business’s fifty day moving average is $11.32 and its 200 day moving average is $8.82. The company has a debt-to-equity ratio of 0.89, a quick ratio of 5.68 and a current ratio of 5.68. The firm has a market cap of $460.99 million, a price-to-earnings ratio of -6.63 and a beta of 1.20.

BlackSky Technology (NYSE:BKSY) last posted its earnings results on Thursday, November 7th. The company reported ($0.66) EPS for the quarter, missing the consensus estimate of ($0.61) by ($0.05). BlackSky Technology had a negative return on equity of 49.91% and a negative net margin of 38.83%. The business had revenue of $22.55 million for the quarter, compared to analysts’ expectations of $26.93 million. During the same quarter in the previous year, the firm earned ($0.96) earnings per share. Research analysts predict that BlackSky Technology will post -2.28 EPS for the current year.

Insider Buying and Selling

In other news, CFO Henry Edward Dubois sold 7,938 shares of the business’s stock in a transaction dated Tuesday, December 10th. The stock was sold at an average price of $10.65, for a total value of $84,539.70. Following the completion of the sale, the chief financial officer now owns 420,779 shares of the company’s stock, valued at approximately $4,481,296.35. The trade was a 1.85 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CAO Christiana L. Lin sold 5,550 shares of the business’s stock in a transaction dated Tuesday, December 10th. The shares were sold at an average price of $10.65, for a total value of $59,107.50. Following the completion of the sale, the chief accounting officer now directly owns 354,143 shares of the company’s stock, valued at approximately $3,771,622.95. This trade represents a 1.54 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 23,086 shares of company stock worth $245,866 over the last ninety days. 4.50% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On BlackSky Technology

Hedge funds and other institutional investors have recently modified their holdings of the stock. Squarepoint Ops LLC bought a new position in BlackSky Technology during the 2nd quarter valued at approximately $295,000. Perkins Capital Management Inc. purchased a new stake in BlackSky Technology in the 3rd quarter worth approximately $1,114,000. Thompson Siegel & Walmsley LLC purchased a new stake in BlackSky Technology in the 3rd quarter worth approximately $3,674,000. SG Americas Securities LLC purchased a new stake in BlackSky Technology in the 4th quarter worth approximately $111,000. Finally, LexAurum Advisors LLC purchased a new stake in BlackSky Technology in the 4th quarter worth approximately $108,000. Institutional investors own 27.15% of the company’s stock.

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.