Bridgeway Capital Management LLC Buys 1,700 Shares of BlackSky Technology Inc. (NYSE:BKSY)

Bridgeway Capital Management LLC raised its stake in BlackSky Technology Inc. (NYSE:BKSY) by 2.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 59,450 shares of the company’s stock after acquiring an additional 1,700 shares during the quarter. Bridgeway Capital Management LLC owned approximately 0.19% of BlackSky Technology worth $641,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently modified their holdings of BKSY. SG Americas Securities LLC purchased a new position in BlackSky Technology in the fourth quarter valued at approximately $111,000. LexAurum Advisors LLC purchased a new position in shares of BlackSky Technology during the 4th quarter valued at $108,000. Griffin Asset Management Inc. purchased a new position in shares of BlackSky Technology during the 4th quarter valued at $196,000. Patriot Financial Group Insurance Agency LLC bought a new position in shares of BlackSky Technology during the 4th quarter worth $1,297,000. Finally, Rhumbline Advisers increased its holdings in BlackSky Technology by 98.5% in the 4th quarter. Rhumbline Advisers now owns 31,446 shares of the company’s stock worth $339,000 after acquiring an additional 15,607 shares during the last quarter. 27.15% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

BKSY has been the topic of several recent research reports. Benchmark reaffirmed a “buy” rating and set a $17.00 price objective on shares of BlackSky Technology in a report on Friday, March 7th. Oppenheimer boosted their price target on shares of BlackSky Technology from $10.00 to $30.00 and gave the company an “outperform” rating in a research report on Wednesday, February 19th. HC Wainwright restated a “buy” rating and set a $20.00 price target on shares of BlackSky Technology in a research note on Friday, March 7th. Finally, Canaccord Genuity Group assumed coverage on shares of BlackSky Technology in a research note on Thursday, April 10th. They issued a “buy” rating and a $12.00 price objective for the company. Six research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock has a consensus rating of “Buy” and an average target price of $20.17.

BlackSky Technology Stock Up 1.5%

BKSY stock opened at $11.62 on Monday. The stock has a 50-day simple moving average of $8.44 and a two-hundred day simple moving average of $10.59. BlackSky Technology Inc. has a twelve month low of $3.86 and a twelve month high of $21.92. The firm has a market capitalization of $367.80 million, a PE ratio of -5.14 and a beta of 1.74. The company has a quick ratio of 5.68, a current ratio of 5.68 and a debt-to-equity ratio of 0.89.

BlackSky Technology (NYSE:BKSY) last released its quarterly earnings data on Thursday, May 8th. The company reported ($0.42) EPS for the quarter, beating analysts’ consensus estimates of ($0.47) by $0.05. BlackSky Technology had a negative net margin of 38.83% and a negative return on equity of 49.91%. On average, equities analysts predict that BlackSky Technology Inc. will post -2.28 EPS for the current fiscal year.

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.