Benchmark Raises BlackSky Technology (NYSE:BKSY) Price Target to $18.00

BlackSky Technology (NYSE:BKSY) had its target price boosted by Benchmark from $17.00 to $18.00 in a report published on Tuesday,Benzinga reports. The firm currently has a buy rating on the stock.

Several other research analysts also recently weighed in on the company. HC Wainwright reiterated a “buy” rating and issued a $20.00 target price on shares of BlackSky Technology in a research note on Friday, March 7th. Oppenheimer increased their price target on BlackSky Technology from $10.00 to $30.00 and gave the stock an “outperform” rating in a report on Wednesday, February 19th. Finally, Canaccord Genuity Group began coverage on shares of BlackSky Technology in a research report on Thursday, April 10th. They issued a “buy” rating and a $12.00 price objective on the stock. Six investment analysts have rated the stock with a buy rating, According to data from MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of $20.33.

BlackSky Technology Trading Up 2.9%

Shares of BlackSky Technology stock opened at $11.85 on Tuesday. The company has a debt-to-equity ratio of 0.89, a quick ratio of 5.68 and a current ratio of 5.68. The company has a market capitalization of $375.08 million, a P/E ratio of -5.24 and a beta of 1.74. BlackSky Technology has a 1 year low of $3.86 and a 1 year high of $21.92. The company’s fifty day moving average is $8.41 and its two-hundred day moving average is $10.63.

BlackSky Technology (NYSE:BKSY) last announced its earnings results on Thursday, May 8th. The company reported ($0.42) earnings per share for the quarter, topping the consensus estimate 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%. The business had revenue of $29.54 million during the quarter, compared to the consensus estimate of $27.20 million. Analysts forecast that BlackSky Technology will post -2.28 earnings per share for the current year.

Hedge Funds Weigh In On BlackSky Technology

A number of large investors have recently modified their holdings of BKSY. American Century Companies Inc. purchased a new stake in shares of BlackSky Technology in the first quarter valued at approximately $127,000. Fox Run Management L.L.C. acquired a new stake in BlackSky Technology in the first quarter valued at $108,000. Nuveen LLC acquired a new stake in BlackSky Technology in the first quarter valued at $9,582,000. Virtu Financial LLC purchased a new stake in shares of BlackSky Technology during the 1st quarter worth $389,000. Finally, Charles Schwab Investment Management Inc. grew its stake in shares of BlackSky Technology by 6.7% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 201,832 shares of the company’s stock worth $1,560,000 after purchasing an additional 12,675 shares during the period. 27.15% of the stock is owned by hedge funds and other institutional investors.

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.