UBS Group AG Purchases 62,066 Shares of BlackSky Technology Inc. $BKSY

UBS Group AG boosted its position in BlackSky Technology Inc. (NYSE:BKSY) by 56.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 171,397 shares of the company’s stock after purchasing an additional 62,066 shares during the quarter. UBS Group AG owned approximately 0.48% of BlackSky Technology worth $3,214,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in BKSY. Wexford Capital LP bought a new position in BlackSky Technology in the third quarter worth $30,000. IFP Advisors Inc raised its holdings in BlackSky Technology by 57.9% in the third quarter. IFP Advisors Inc now owns 2,253 shares of the company’s stock worth $45,000 after purchasing an additional 826 shares in the last quarter. Jones Financial Companies Lllp bought a new position in BlackSky Technology in the third quarter worth $50,000. Russell Investments Group Ltd. bought a new position in BlackSky Technology in the third quarter worth $53,000. Finally, Caitong International Asset Management Co. Ltd bought a new position in BlackSky Technology in the third quarter worth $56,000. Institutional investors own 27.15% of the company’s stock.

BlackSky Technology Trading Up 0.2%

NYSE BKSY opened at $47.99 on Monday. BlackSky Technology Inc. has a 12 month low of $10.42 and a 12 month high of $48.66. The stock has a market cap of $1.78 billion, a P/E ratio of -18.82 and a beta of 2.44. The stock’s fifty day moving average price is $33.68 and its 200-day moving average price is $25.30. The company has a current ratio of 3.46, a quick ratio of 3.34 and a debt-to-equity ratio of 2.39.

BlackSky Technology (NYSE:BKSY) last released its earnings results on Thursday, May 7th. The company reported ($0.82) EPS for the quarter, missing analysts’ consensus estimates of ($0.37) by ($0.45). BlackSky Technology had a negative return on equity of 74.25% and a negative net margin of 89.07%.The company had revenue of $20.77 million during the quarter, compared to analysts’ expectations of $27.60 million. As a group, equities analysts forecast that BlackSky Technology Inc. will post -1.32 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms have issued reports on BKSY. Weiss Ratings reiterated a “sell (d-)” rating on shares of BlackSky Technology in a report on Monday, April 20th. Wall Street Zen cut BlackSky Technology from a “hold” rating to a “strong sell” rating in a research note on Saturday, May 16th. Canaccord Genuity Group cut their target price on BlackSky Technology from $27.00 to $26.00 and set a “buy” rating on the stock in a research note on Friday, February 27th. Finally, HC Wainwright reissued a “buy” rating and issued a $42.00 target price on shares of BlackSky Technology in a research note on Friday, February 27th. Four equities research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to MarketBeat.com, BlackSky Technology presently has a consensus rating of “Moderate Buy” and a consensus target price of $29.75.

About BlackSky Technology

BlackSky Technology, Inc operates Earth observation and geospatial intelligence services through a constellation of small satellites and an analytics platform. The company collects and processes high-revisit satellite imagery, enabling near-real-time monitoring of global events and locations. Clients across government, defense and commercial sectors leverage BlackSky’s imagery and data to support decision-making in areas such as supply chain monitoring, humanitarian aid, infrastructure management and security operations.

Founded in 2014 as part of Spaceflight Industries, BlackSky has grown its satellite constellation and analytics capabilities to deliver satellite imagery with high revisit rates and rapid tasking.