BlackSky Technology (NYSE:BKSY – Free Report) had its target price raised by Canaccord Genuity Group from $20.00 to $28.00 in a report issued on Wednesday morning,Benzinga reports. The brokerage currently has a buy rating on the stock.
Other research analysts also recently issued research reports about the company. Benchmark increased their target price on BlackSky Technology from $17.00 to $18.00 and gave the company a “buy” rating in a report on Tuesday, May 13th. HC Wainwright increased their target price on BlackSky Technology from $20.00 to $28.00 and gave the company a “buy” rating in a report on Tuesday, July 8th. Six research analysts have rated the stock with a buy rating, According to MarketBeat.com, BlackSky Technology currently has a consensus rating of “Buy” and a consensus price target of $24.33.
Get Our Latest Stock Report on BlackSky Technology
BlackSky Technology Trading Down 16.4%
BlackSky Technology (NYSE:BKSY – Get Free Report) last announced its quarterly earnings results on Thursday, May 8th. The company reported ($0.42) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.47) by $0.05. BlackSky Technology had a negative return on equity of 45.63% and a negative net margin of 50.30%. The firm had revenue of $29.54 million for the quarter, compared to the consensus estimate of $27.20 million. Sell-side analysts expect that BlackSky Technology will post -2.28 earnings per share for the current year.
Institutional Trading of BlackSky Technology
A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. LBP AM SA increased its position in BlackSky Technology by 198.1% in the second quarter. LBP AM SA now owns 112,905 shares of the company’s stock worth $2,324,000 after buying an additional 75,024 shares in the last quarter. Goldman Sachs Group Inc. increased its position in BlackSky Technology by 343.7% in the first quarter. Goldman Sachs Group Inc. now owns 557,729 shares of the company’s stock worth $4,311,000 after buying an additional 432,023 shares in the last quarter. Rhumbline Advisers increased its position in BlackSky Technology by 12.2% in the first quarter. Rhumbline Advisers now owns 35,295 shares of the company’s stock worth $273,000 after buying an additional 3,849 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in BlackSky Technology by 7.2% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 15,174 shares of the company’s stock worth $117,000 after buying an additional 1,015 shares in the last quarter. Finally, AQR Capital Management LLC purchased a new stake in BlackSky Technology in the first quarter worth about $103,000. Hedge funds and other 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.
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