HC Wainwright Reaffirms Buy Rating for BlackSky Technology (NYSE:BKSY)

BlackSky Technology (NYSE:BKSY)‘s stock had its “buy” rating reissued by equities researchers at HC Wainwright in a report issued on Thursday, Benzinga reports. They presently have a $2.50 price objective on the stock. HC Wainwright’s target price points to a potential upside of 112.77% from the company’s previous close.

Separately, Benchmark reissued a “buy” rating and issued a $3.00 price target on shares of BlackSky Technology in a research note on Thursday, March 14th.

BlackSky Technology Stock Performance

Shares of NYSE BKSY opened at $1.18 on Thursday. BlackSky Technology has a 1 year low of $1.04 and a 1 year high of $2.37. The company has a debt-to-equity ratio of 0.90, a quick ratio of 2.89 and a current ratio of 2.89. The company’s fifty day moving average price is $1.32 and its 200 day moving average price is $1.32. The company has a market capitalization of $172.51 million, a PE ratio of -2.87 and a beta of 1.03.

BlackSky Technology (NYSE:BKSY) last posted its earnings results on Wednesday, February 28th. The company reported ($0.05) EPS for the quarter, beating analysts’ consensus estimates of ($0.09) by $0.04. The firm had revenue of $35.51 million for the quarter, compared to analysts’ expectations of $26.13 million. BlackSky Technology had a negative return on equity of 75.79% and a negative net margin of 57.06%. On average, research analysts predict that BlackSky Technology will post -0.29 earnings per share for the current year.

Institutional Trading of BlackSky Technology

A number of institutional investors have recently made changes to their positions in the company. GSA Capital Partners LLP boosted its holdings in shares of BlackSky Technology by 123.8% during the 1st quarter. GSA Capital Partners LLP now owns 315,900 shares of the company’s stock worth $430,000 after purchasing an additional 174,773 shares during the last quarter. Van ECK Associates Corp lifted its holdings in BlackSky Technology by 32.8% in the fourth quarter. Van ECK Associates Corp now owns 43,346 shares of the company’s stock valued at $61,000 after acquiring an additional 10,701 shares during the last quarter. LA Financiere DE L Echiquier grew its position in BlackSky Technology by 10.6% in the fourth quarter. LA Financiere DE L Echiquier now owns 896,000 shares of the company’s stock worth $1,254,000 after acquiring an additional 86,000 shares during the period. Finally, SG Americas Securities LLC purchased a new stake in BlackSky Technology in the third quarter valued at $108,000. 27.15% of the stock is owned by institutional investors and hedge funds.

About BlackSky Technology

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.