BlackSky Technology (NYSE:BKSY) Now Covered by Analysts at Canaccord Genuity Group

Canaccord Genuity Group initiated coverage on shares of BlackSky Technology (NYSE:BKSY) in a research note issued to investors on Thursday, Marketbeat.com reports. The firm issued a buy rating and a $12.00 price objective on the stock.

Several other analysts also recently weighed in on BKSY. HC Wainwright restated a “buy” rating and set a $20.00 target price on shares of BlackSky Technology in a research note on Friday, March 7th. Benchmark restated a “buy” rating and issued a $17.00 price objective on shares of BlackSky Technology in a research note on Friday, March 7th. Finally, Oppenheimer boosted their target price on shares of BlackSky Technology from $10.00 to $30.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 19th. Six investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of $20.17.

BlackSky Technology Stock Up 1.5 %

BlackSky Technology stock opened at $7.66 on Thursday. The firm has a market cap of $242.20 million, a price-to-earnings ratio of -3.39 and a beta of 1.61. The firm has a fifty day moving average price of $11.66 and a two-hundred day moving average price of $10.20. BlackSky Technology has a fifty-two week low of $3.86 and a fifty-two week high of $21.92. The company has a debt-to-equity ratio of 0.89, a current ratio of 5.68 and a quick ratio of 5.68.

Institutional Trading of BlackSky Technology

A number of institutional investors and hedge funds have recently modified their holdings of the company. Mithril II GP LP bought a new position in BlackSky Technology in the fourth quarter worth $11,116,000. Invesco Ltd. bought a new position in shares of BlackSky Technology during the 4th quarter worth about $3,868,000. Trexquant Investment LP lifted its holdings in shares of BlackSky Technology by 2,309.8% during the 4th quarter. Trexquant Investment LP now owns 301,590 shares of the company’s stock worth $3,254,000 after acquiring an additional 289,075 shares during the period. Geode Capital Management LLC boosted its position in shares of BlackSky Technology by 94.2% during the 4th quarter. Geode Capital Management LLC now owns 551,444 shares of the company’s stock valued at $5,951,000 after acquiring an additional 267,427 shares in the last quarter. Finally, Patriot Financial Group Insurance Agency LLC bought a new stake in BlackSky Technology in the fourth quarter valued at about $1,297,000. 27.15% of the stock is currently owned by 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.