BlackSky Technology (NYSE:BKSY) Upgraded to “Buy” at Craig Hallum

Craig Hallum upgraded shares of BlackSky Technology (NYSE:BKSY) from a hold rating to a buy rating in a research note released on Friday morning, MarketBeat.com reports. Craig Hallum currently has $10.00 price objective on the stock.

A number of other equities research analysts have also commented on BKSY. Oppenheimer started coverage on BlackSky Technology in a research report on Wednesday, October 2nd. They issued an outperform rating and a $10.00 price target for the company. Lake Street Capital upped their price objective on BlackSky Technology from $4.00 to $32.00 and gave the company a buy rating in a research note on Monday, September 30th. Five investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, BlackSky Technology has an average rating of Buy and an average price target of $19.20.

BlackSky Technology Stock Performance

Shares of BKSY opened at $5.58 on Friday. The stock has a 50-day moving average of $7.33 and a 200-day moving average of $8.59. BlackSky Technology has a one year low of $3.86 and a one year high of $14.16. The company has a debt-to-equity ratio of 1.41, a current ratio of 4.19 and a quick ratio of 4.19. The company has a market cap of $819.31 million, a PE ratio of -14.68 and a beta of 0.97.

BlackSky Technology (NYSE:BKSY) last issued its earnings results on Thursday, August 8th. The company reported ($0.48) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.72) by $0.24. BlackSky Technology had a negative return on equity of 56.91% and a negative net margin of 26.78%. The company had revenue of $24.94 million for the quarter, compared to analyst estimates of $25.14 million. During the same period in the prior year, the firm earned ($1.92) earnings per share. On average, equities research analysts predict that BlackSky Technology will post -2.52 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, CFO Henry Edward Dubois sold 23,590 shares of the firm’s stock in a transaction that occurred on Tuesday, September 10th. The shares were sold at an average price of $7.19, for a total value of $169,612.10. Following the sale, the chief financial officer now directly owns 231,645 shares of the company’s stock, valued at $1,665,527.55. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, CFO Henry Edward Dubois sold 23,590 shares of the firm’s stock in a transaction dated Tuesday, September 10th. The stock was sold at an average price of $7.19, for a total transaction of $169,612.10. Following the transaction, the chief financial officer now directly owns 231,645 shares of the company’s stock, valued at approximately $1,665,527.55. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Brian E. O’toole sold 24,352 shares of the stock in a transaction that occurred on Tuesday, September 10th. The shares were sold at an average price of $7.19, for a total transaction of $175,090.88. Following the transaction, the chief executive officer now owns 479,785 shares in the company, valued at $3,449,654.15. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 62,362 shares of company stock worth $446,535 in the last ninety days. 3.16% of the stock is currently owned by insiders.

Institutional Investors Weigh In On BlackSky Technology

Several institutional investors have recently bought and sold shares of the stock. Virtu Financial LLC boosted its stake in shares of BlackSky Technology by 134.5% during the first quarter. Virtu Financial LLC now owns 145,514 shares of the company’s stock valued at $198,000 after purchasing an additional 83,462 shares during the period. Squarepoint Ops LLC bought a new stake in shares of BlackSky Technology in the 2nd quarter worth approximately $295,000. GSA Capital Partners LLP raised its holdings in shares of BlackSky Technology by 123.8% during the first quarter. GSA Capital Partners LLP now owns 315,900 shares of the company’s stock valued at $430,000 after acquiring an additional 174,773 shares in the last quarter. LA Financiere DE L Echiquier lifted its stake in BlackSky Technology by 13.6% in the second quarter. LA Financiere DE L Echiquier now owns 933,000 shares of the company’s stock worth $998,000 after acquiring an additional 112,000 shares during the period. Finally, Vanguard Group Inc. increased its position in BlackSky Technology by 17.8% during the 1st quarter. Vanguard Group Inc. now owns 5,291,909 shares of the company’s stock valued at $7,197,000 after purchasing an additional 800,287 shares during the period. 27.15% of the stock is currently owned by hedge funds and other institutional investors.

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.