UBS Group AG Grows Position in BlackSky Technology Inc. $BKSY

UBS Group AG lifted its holdings in shares of BlackSky Technology Inc. (NYSE:BKSY) by 56.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 171,397 shares of the company’s stock after buying an additional 62,066 shares during the period. UBS Group AG’s holdings in BlackSky Technology were worth $3,214,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of BKSY. AQR Capital Management LLC purchased a new stake in shares of BlackSky Technology during the first quarter valued at $103,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of BlackSky Technology by 7.2% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 15,174 shares of the company’s stock valued at $117,000 after buying an additional 1,015 shares during the last quarter. Goldman Sachs Group Inc. boosted its position in shares of BlackSky Technology by 343.7% during the first quarter. Goldman Sachs Group Inc. now owns 557,729 shares of the company’s stock valued at $4,311,000 after buying an additional 432,023 shares during the last quarter. Legal & General Group Plc boosted its position in shares of BlackSky Technology by 40.5% during the second quarter. Legal & General Group Plc now owns 3,118 shares of the company’s stock valued at $64,000 after buying an additional 899 shares during the last quarter. Finally, Rhumbline Advisers boosted its position in shares of BlackSky Technology by 11.1% during the second quarter. Rhumbline Advisers now owns 39,229 shares of the company’s stock valued at $807,000 after buying an additional 3,934 shares during the last quarter. 27.15% of the stock is owned by hedge funds and other institutional investors.

BlackSky Technology Stock Up 0.2%

BKSY stock opened at $47.99 on Monday. BlackSky Technology Inc. has a fifty-two week low of $10.42 and a fifty-two week high of $48.66. The business’s 50-day moving average is $33.68 and its two-hundred day moving average is $25.30. The company has a debt-to-equity ratio of 2.39, a quick ratio of 3.34 and a current ratio of 3.46. The company has a market cap of $1.78 billion, a price-to-earnings ratio of -18.82 and a beta of 2.44.

BlackSky Technology (NYSE:BKSY) last posted its earnings results on Thursday, May 7th. The company reported ($0.82) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.37) by ($0.45). BlackSky Technology had a negative net margin of 89.07% and a negative return on equity of 74.25%. The firm had revenue of $20.77 million during the quarter, compared to the consensus estimate of $27.60 million. As a group, analysts forecast that BlackSky Technology Inc. will post -1.32 earnings per share for the current year.

Analyst Ratings Changes

Several research firms recently commented on BKSY. Canaccord Genuity Group dropped their price objective on BlackSky Technology from $27.00 to $26.00 and set a “buy” rating on the stock in a research report on Friday, February 27th. Wall Street Zen downgraded BlackSky Technology from a “hold” rating to a “strong sell” rating in a report on Saturday, May 16th. HC Wainwright reissued a “buy” rating and issued a $42.00 target price on shares of BlackSky Technology in a report on Friday, February 27th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of BlackSky Technology in a report on Monday, April 20th. Four equities research analysts have rated the stock with a Buy rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, BlackSky Technology presently has an average rating of “Moderate Buy” and an average price target of $29.75.

BlackSky Technology Company Profile

BlackSky Technology, Inc operates Earth observation and geospatial intelligence services through a constellation of small satellites and an analytics platform. The company collects and processes high-revisit satellite imagery, enabling near-real-time monitoring of global events and locations. Clients across government, defense and commercial sectors leverage BlackSky’s imagery and data to support decision-making in areas such as supply chain monitoring, humanitarian aid, infrastructure management and security operations.

Founded in 2014 as part of Spaceflight Industries, BlackSky has grown its satellite constellation and analytics capabilities to deliver satellite imagery with high revisit rates and rapid tasking.