BlackSky Technology (NYSE:BKSY) Price Target Raised to $20.00

BlackSky Technology (NYSE:BKSY) had its target price lifted by HC Wainwright from $12.00 to $20.00 in a report released on Monday morning,Benzinga reports. HC Wainwright currently has a buy rating on the stock.

BlackSky Technology Price Performance

NYSE BKSY opened at $17.62 on Monday. 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 firm has a market capitalization of $542.22 million, a price-to-earnings ratio of -7.79 and a beta of 1.20. The company has a 50 day simple moving average of $11.67 and a 200-day simple moving average of $8.98. BlackSky Technology has a 52-week low of $3.86 and a 52-week high of $18.33.

BlackSky Technology (NYSE:BKSY) last released its earnings results on Thursday, November 7th. The company reported ($0.66) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 company had revenue of $22.55 million during the quarter, compared to analysts’ expectations of $26.93 million. During the same quarter in the previous year, the company earned ($0.96) EPS. Equities research analysts predict that BlackSky Technology will post -2.28 earnings per share for the current fiscal year.

Insider Activity at BlackSky Technology

In other BlackSky Technology news, CAO Christiana L. Lin sold 5,550 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 $59,107.50. Following the completion of the sale, the chief accounting officer now owns 354,143 shares of the company’s stock, valued at $3,771,622.95. The trade was a 1.54 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Henry Edward Dubois sold 7,938 shares of the company’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 sale, the chief financial officer now owns 420,779 shares of the company’s stock, valued at approximately $4,481,296.35. This trade represents a 1.85 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 23,086 shares of company stock valued at $245,866. Insiders own 4.50% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the company. Griffin Asset Management Inc. bought a new stake in shares of BlackSky Technology in the fourth quarter valued at approximately $196,000. Patriot Financial Group Insurance Agency LLC bought a new stake in BlackSky Technology in the 4th quarter valued at $1,297,000. LexAurum Advisors LLC bought a new stake in BlackSky Technology in the 4th quarter valued at $108,000. Bank of New York Mellon Corp grew its position in BlackSky Technology by 89.1% in the 4th quarter. Bank of New York Mellon Corp now owns 56,298 shares of the company’s stock worth $607,000 after purchasing an additional 26,528 shares during the last quarter. Finally, Rhumbline Advisers raised its position in shares of BlackSky Technology by 98.5% during the fourth quarter. Rhumbline Advisers now owns 31,446 shares of the company’s stock valued at $339,000 after buying an additional 15,607 shares during the last quarter. 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.