BlackSky Technology (NYSE:BKSY) Price Target Raised to $18.00 at Benchmark

BlackSky Technology (NYSE:BKSY) had its price target upped by Benchmark from $17.00 to $18.00 in a research report report published on Tuesday,Benzinga reports. Benchmark currently has a buy rating on the stock.

A number of other brokerages have also issued reports on BKSY. Oppenheimer increased their price objective on shares of BlackSky Technology from $10.00 to $30.00 and gave the company an “outperform” rating in a report on Wednesday, February 19th. Canaccord Genuity Group began coverage on shares of BlackSky Technology in a report on Thursday, April 10th. They set a “buy” rating and a $12.00 price objective for the company. Finally, HC Wainwright reaffirmed a “buy” rating and set a $20.00 price objective on shares of BlackSky Technology in a report on Friday, March 7th. Six investment analysts have rated the stock with a buy rating, According to MarketBeat, BlackSky Technology has an average rating of “Buy” and a consensus price target of $20.33.

BlackSky Technology Price Performance

NYSE BKSY opened at $12.14 on Tuesday. BlackSky Technology has a 12 month low of $3.86 and a 12 month high of $21.92. The stock has a market cap of $384.26 million, a price-to-earnings ratio of -5.37 and a beta of 1.74. The company’s 50 day moving average is $8.55 and its two-hundred day moving average is $10.68. The company has a current ratio of 5.68, a quick ratio of 5.68 and a debt-to-equity ratio of 0.89.

BlackSky Technology (NYSE:BKSY) last announced its quarterly earnings data 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 net margin of 38.83% and a negative return on equity of 49.91%. The business had revenue of $29.54 million during the quarter, compared to analyst estimates of $27.20 million. As a group, research analysts anticipate that BlackSky Technology will post -2.28 earnings per share for the current year.

Hedge Funds Weigh In On BlackSky Technology

Hedge funds have recently modified their holdings of the stock. Summit Investment Advisors Inc. increased its holdings in shares of BlackSky Technology by 115.2% during the fourth quarter. Summit Investment Advisors Inc. now owns 2,626 shares of the company’s stock valued at $28,000 after acquiring an additional 1,406 shares in the last quarter. BNP Paribas Financial Markets increased its holdings in shares of BlackSky Technology by 22.7% during the fourth quarter. BNP Paribas Financial Markets now owns 3,691 shares of the company’s stock valued at $40,000 after acquiring an additional 683 shares in the last quarter. Farther Finance Advisors LLC acquired a new position in shares of BlackSky Technology during the fourth quarter valued at about $44,000. GAMMA Investing LLC increased its holdings in shares of BlackSky Technology by 14,829.2% during the first quarter. GAMMA Investing LLC now owns 7,166 shares of the company’s stock valued at $55,000 after acquiring an additional 7,118 shares in the last quarter. Finally, CIBC Private Wealth Group LLC acquired a new position in shares of BlackSky Technology during the fourth quarter valued at about $76,000. Institutional investors and hedge funds 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.