BlackSky Technology (NYSE:BKSY) Now Covered by Oppenheimer

Analysts at Oppenheimer initiated coverage on shares of BlackSky Technology (NYSE:BKSY) in a report released on Wednesday, MarketBeat Ratings reports. The brokerage set an “outperform” rating and a $10.00 price target on the stock. Oppenheimer’s price target suggests a potential upside of 100.40% from the company’s current price.

Separately, Lake Street Capital boosted their target price on BlackSky Technology from $4.00 to $32.00 and gave the company a “buy” rating in a research report on Monday.

BlackSky Technology Stock Performance

NYSE BKSY opened at $4.99 on Wednesday. The stock has a fifty day simple moving average of $2.64 and a 200-day simple moving average of $1.68. The company has a current ratio of 4.19, a quick ratio of 4.19 and a debt-to-equity ratio of 1.41. The stock has a market cap of $732.68 million, a PE ratio of -13.13 and a beta of 0.97. BlackSky Technology has a twelve month low of $3.86 and a twelve month high of $14.16.

BlackSky Technology (NYSE:BKSY) last announced its earnings results on Thursday, August 8th. The company reported ($0.06) earnings per share for the quarter, topping the consensus estimate of ($0.09) by $0.03. The company had revenue of $24.94 million during the quarter, compared to analyst estimates of $25.14 million. BlackSky Technology had a negative net margin of 26.78% and a negative return on equity of 56.91%. During the same quarter last year, the firm posted ($0.24) earnings per share. Equities analysts anticipate that BlackSky Technology will post -2.52 earnings per share for the current year.

Insider Transactions at BlackSky Technology

In related news, CEO Brian E. O’toole sold 24,352 shares of BlackSky Technology 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 $175,090.88. Following the completion of the transaction, the chief executive officer now owns 479,785 shares in the company, valued at $3,449,654.15. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other news, CEO Brian E. O’toole sold 24,352 shares of the stock in a transaction on Tuesday, September 10th. The stock was sold at an average price of $7.19, for a total value of $175,090.88. Following the sale, the chief executive officer now directly owns 479,785 shares in the company, valued at $3,449,654.15. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CAO Christiana L. Lin sold 13,031 shares of the business’s stock in a transaction on Tuesday, September 10th. The stock was sold at an average price of $7.19, for a total value of $93,692.89. Following the transaction, the chief accounting officer now directly owns 190,775 shares of the company’s stock, valued at $1,371,672.25. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 62,362 shares of company stock valued at $446,535. 3.16% of the stock is currently owned by corporate insiders.

Institutional Trading of BlackSky Technology

Hedge funds have recently added to or reduced their stakes in the company. Virtu Financial LLC grew its holdings in BlackSky Technology by 134.5% during the 1st quarter. Virtu Financial LLC now owns 145,514 shares of the company’s stock worth $198,000 after acquiring an additional 83,462 shares in the last quarter. LA Financiere DE L Echiquier lifted its position in shares of BlackSky Technology by 13.6% during the 2nd quarter. LA Financiere DE L Echiquier now owns 933,000 shares of the company’s stock worth $998,000 after purchasing an additional 112,000 shares during the last quarter. GSA Capital Partners LLP grew its stake 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 worth $430,000 after purchasing an additional 174,773 shares in the last quarter. Squarepoint Ops LLC purchased a new position in BlackSky Technology in the second quarter valued at $295,000. Finally, Vanguard Group Inc. raised its stake in BlackSky Technology by 17.8% in the first quarter. Vanguard Group Inc. now owns 5,291,909 shares of the company’s stock valued at $7,197,000 after buying an additional 800,287 shares in the last quarter. 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.