BlackSky Technology Inc. (NYSE:BKSY – Free Report) – Analysts at HC Wainwright dropped their Q2 2024 earnings estimates for shares of BlackSky Technology in a report issued on Thursday, May 9th. HC Wainwright analyst S. Buck now expects that the company will post earnings per share of ($0.11) for the quarter, down from their previous forecast of ($0.10). HC Wainwright has a “Buy” rating and a $2.50 price objective on the stock. The consensus estimate for BlackSky Technology’s current full-year earnings is ($0.31) per share. HC Wainwright also issued estimates for BlackSky Technology’s Q3 2024 earnings at ($0.08) EPS, Q4 2024 earnings at ($0.05) EPS, FY2024 earnings at ($0.35) EPS and FY2025 earnings at ($0.22) EPS.
Separately, Benchmark reiterated a “buy” rating and issued a $3.00 price objective on shares of BlackSky Technology in a report on Thursday, March 14th.
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BlackSky Technology Price Performance
Shares of BKSY stock opened at $1.21 on Monday. The firm has a market cap of $177.65 million, a price-to-earnings ratio of -3.18 and a beta of 1.03. The company has a quick ratio of 2.89, a current ratio of 2.89 and a debt-to-equity ratio of 0.90. BlackSky Technology has a 12 month low of $1.04 and a 12 month high of $2.37. The stock has a 50-day moving average price of $1.32 and a 200 day moving average price of $1.32.
BlackSky Technology (NYSE:BKSY – Get Free Report) last announced its quarterly earnings data on Wednesday, February 28th. The company reported ($0.05) EPS for the quarter, beating analysts’ consensus estimates of ($0.09) by $0.04. The firm had revenue of $35.51 million for the quarter, compared to analyst estimates of $26.13 million. BlackSky Technology had a negative return on equity of 79.87% and a negative net margin of 52.24%.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently made changes to their positions in BKSY. Van ECK Associates Corp boosted its position in BlackSky Technology by 32.8% during the 4th quarter. Van ECK Associates Corp now owns 43,346 shares of the company’s stock worth $61,000 after acquiring an additional 10,701 shares during the last quarter. SG Americas Securities LLC acquired a new stake in shares of BlackSky Technology in the third quarter valued at approximately $108,000. GSA Capital Partners LLP lifted its position in shares of BlackSky Technology by 123.8% in the first 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 in the last quarter. LA Financiere DE L Echiquier boosted its holdings in BlackSky Technology by 10.6% during the fourth quarter. LA Financiere DE L Echiquier now owns 896,000 shares of the company’s stock worth $1,254,000 after purchasing an additional 86,000 shares during the last quarter. Finally, Vanguard Group Inc. grew its position in BlackSky Technology by 17.8% in the first quarter. Vanguard Group Inc. now owns 5,291,909 shares of the company’s stock valued at $7,197,000 after purchasing an additional 800,287 shares in the last quarter. Institutional investors and hedge funds own 27.15% of the company’s stock.
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.
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