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

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

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

BlackSky Technology Price Performance

BKSY stock opened at $1.18 on Thursday. The company has a market cap of $172.51 million, a price-to-earnings ratio of -2.87 and a beta of 1.03. The company has a current ratio of 2.89, a quick ratio of 2.89 and a debt-to-equity ratio of 0.90. The firm has a 50 day moving average of $1.32 and a 200-day moving average of $1.32. BlackSky Technology has a 12-month low of $1.04 and a 12-month high of $2.37.

BlackSky Technology (NYSE:BKSY) last issued its quarterly earnings data on Wednesday, February 28th. The company reported ($0.05) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.09) by $0.04. The firm had revenue of $35.51 million during 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%. As a group, equities analysts expect that BlackSky Technology will post -0.29 EPS for the current fiscal year.

Institutional Investors Weigh In On BlackSky Technology

A number of large investors have recently bought and sold shares of the stock. SG Americas Securities LLC purchased a new stake in shares of BlackSky Technology in the third quarter valued at $108,000. LA Financiere DE L Echiquier raised its stake in BlackSky Technology by 10.6% in the 4th quarter. LA Financiere DE L Echiquier now owns 896,000 shares of the company’s stock valued at $1,254,000 after purchasing an additional 86,000 shares during the last quarter. Van ECK Associates Corp lifted its holdings in BlackSky Technology by 32.8% in the 4th quarter. Van ECK Associates Corp now owns 43,346 shares of the company’s stock valued at $61,000 after purchasing an additional 10,701 shares in the last quarter. Finally, GSA Capital Partners LLP boosted its stake 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. Institutional investors and hedge funds own 27.15% of the company’s stock.

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.