BlackSky Technology Inc. (NYSE:BKSY) Receives Average Rating of “Buy” from Brokerages

BlackSky Technology Inc. (NYSE:BKSY) has been assigned an average rating of “Buy” from the six ratings firms that are currently covering the firm, MarketBeat Ratings reports. Six equities research analysts have rated the stock with a buy recommendation. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $20.17.

A number of equities research analysts have recently commented on BKSY shares. Oppenheimer upped their price objective on shares of BlackSky Technology from $10.00 to $30.00 and gave the company an “outperform” rating in a research note on Wednesday, February 19th. Benchmark restated a “buy” rating and set a $17.00 target price on shares of BlackSky Technology in a research report on Friday, March 7th. HC Wainwright reiterated a “buy” rating and issued a $20.00 target price on shares of BlackSky Technology in a report on Friday, March 7th. Finally, Canaccord Genuity Group initiated coverage on BlackSky Technology in a report on Thursday, April 10th. They set a “buy” rating and a $12.00 price target on the stock.

BlackSky Technology Price Performance

BlackSky Technology stock opened at $7.30 on Thursday. The firm has a market cap of $230.97 million, a P/E ratio of -3.23 and a beta of 1.61. The stock’s 50 day moving average is $11.45 and its 200 day moving average is $10.26. The company has a debt-to-equity ratio of 0.89, a current ratio of 5.68 and a quick ratio of 5.68. BlackSky Technology has a one year low of $3.86 and a one year high of $21.92.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the business. BNP Paribas Financial Markets raised 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 acquiring an additional 683 shares during the last quarter. Summit Investment Advisors Inc. raised its position 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 buying an additional 1,406 shares during the last quarter. Bridgeway Capital Management LLC lifted its stake in BlackSky Technology by 2.9% during the 4th quarter. Bridgeway Capital Management LLC now owns 59,450 shares of the company’s stock valued at $641,000 after acquiring an additional 1,700 shares in the last quarter. Rhumbline Advisers boosted its holdings in BlackSky Technology by 12.2% during the 1st quarter. Rhumbline Advisers now owns 35,295 shares of the company’s stock worth $273,000 after acquiring an additional 3,849 shares during the last quarter. Finally, Farther Finance Advisors LLC bought a new stake in shares of BlackSky Technology in the 4th quarter worth $44,000. 27.15% of the stock is owned by institutional investors.

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.