Dimensional Fund Advisors LP Buys Shares of 35,072 BlackSky Technology Inc. (NYSE:BKSY)

Dimensional Fund Advisors LP acquired a new position in BlackSky Technology Inc. (NYSE:BKSY) during the 4th quarter, Holdings Channel.com reports. The institutional investor acquired 35,072 shares of the company’s stock, valued at approximately $378,000.

Other hedge funds also recently made changes to their positions in the company. Invesco Ltd. acquired a new position in shares of BlackSky Technology in the fourth quarter worth about $3,868,000. Trexquant Investment LP raised 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 valued at $3,254,000 after acquiring an additional 289,075 shares in the last quarter. Geode Capital Management LLC raised its position in BlackSky Technology by 94.2% during the fourth 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. Patriot Financial Group Insurance Agency LLC bought a new position in BlackSky Technology during the fourth quarter valued at approximately $1,297,000. Finally, Charles Schwab Investment Management Inc. raised its position in BlackSky Technology by 98.2% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 189,157 shares of the company’s stock valued at $2,041,000 after acquiring an additional 93,715 shares in the last quarter. Institutional investors and hedge funds own 27.15% of the company’s stock.

BlackSky Technology Stock Performance

BKSY stock opened at $11.85 on Friday. 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 50 day moving average price of $8.61 and a 200 day moving average price of $10.71. BlackSky Technology Inc. has a fifty-two week low of $3.86 and a fifty-two week high of $21.92. The stock has a market capitalization of $375.11 million, a PE ratio of -5.24 and a beta of 1.74.

BlackSky Technology (NYSE:BKSY) last posted its quarterly earnings data on Thursday, May 8th. The company reported ($0.42) earnings per share for the quarter, topping the consensus estimate of ($0.47) by $0.05. BlackSky Technology had a negative net margin of 38.83% and a negative return on equity of 49.91%. The firm had revenue of $29.54 million during the quarter, compared to analysts’ expectations of $27.20 million. Analysts forecast that BlackSky Technology Inc. will post -2.28 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the stock. Canaccord Genuity Group assumed coverage on shares of BlackSky Technology in a research report on Thursday, April 10th. They issued a “buy” rating and a $12.00 price target on the stock. HC Wainwright reaffirmed a “buy” rating and set a $20.00 target price on shares of BlackSky Technology in a research report on Friday, March 7th. 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. Finally, Benchmark lifted their price target on shares of BlackSky Technology from $17.00 to $18.00 and gave the stock a “buy” rating in a research note on Tuesday. Six analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company has a consensus rating of “Buy” and an average target price of $20.33.

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.