BlackSky Technology Inc. (NYSE:BKSY) Given Average Recommendation of “Buy” by Analysts

Shares of BlackSky Technology Inc. (NYSE:BKSY) have earned an average rating of “Buy” from the six analysts that are presently covering the stock, MarketBeat reports. Six investment analysts have rated the stock with a buy rating. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $20.17.

Several research analysts have issued reports on BKSY shares. HC Wainwright restated a “buy” rating and set a $20.00 price target on shares of BlackSky Technology in a report on Friday, March 7th. Canaccord Genuity Group began coverage on BlackSky Technology in a research report on Thursday. They set a “buy” rating and a $12.00 target price on the stock. Oppenheimer raised 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. Finally, Benchmark restated a “buy” rating and set a $17.00 price target on shares of BlackSky Technology in a research report on Friday, March 7th.

Hedge Funds Weigh In On BlackSky Technology

Hedge funds have recently bought and sold shares of the company. Summit Investment Advisors Inc. boosted its holdings in BlackSky Technology by 115.2% in the 4th quarter. Summit Investment Advisors Inc. now owns 2,626 shares of the company’s stock valued at $28,000 after purchasing an additional 1,406 shares during the period. BNP Paribas Financial Markets boosted its holdings in shares of BlackSky Technology by 22.7% in the 4th quarter. BNP Paribas Financial Markets now owns 3,691 shares of the company’s stock worth $40,000 after purchasing an additional 683 shares in the last quarter. Farther Finance Advisors LLC bought a new position in BlackSky Technology during the fourth quarter valued at approximately $44,000. GAMMA Investing LLC grew its holdings in shares of BlackSky Technology by 14,829.2% during the 1st quarter. GAMMA Investing LLC now owns 7,166 shares of the company’s stock valued at $55,000 after purchasing an additional 7,118 shares during the last quarter. Finally, CIBC Private Wealth Group LLC purchased a new position in shares of BlackSky Technology in the fourth quarter worth about $76,000. Hedge funds and other institutional investors own 27.15% of the company’s stock.

BlackSky Technology Trading Down 1.2 %

BKSY traded down $0.09 during midday trading on Thursday, hitting $7.72. 287,410 shares of the company were exchanged, compared to its average volume of 771,998. The firm’s 50 day moving average price is $12.01 and its 200-day moving average price is $10.16. The company has a quick ratio of 5.68, a current ratio of 5.68 and a debt-to-equity ratio of 0.89. The firm has a market capitalization of $244.20 million, a P/E ratio of -3.43 and a beta of 1.61. BlackSky Technology has a 1-year low of $3.86 and a 1-year high of $21.92.

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.