Round Rock Advisors LLC Makes New $681,000 Investment in BlackSky Technology Inc. $BKSY

Round Rock Advisors LLC purchased a new position in BlackSky Technology Inc. (NYSE:BKSY) during the 4th quarter, Holdings Channel reports. The firm purchased 36,314 shares of the company’s stock, valued at approximately $681,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Wexford Capital LP acquired a new stake in BlackSky Technology in the 3rd quarter worth $30,000. IFP Advisors Inc grew its position in BlackSky Technology by 57.9% in the 3rd quarter. IFP Advisors Inc now owns 2,253 shares of the company’s stock worth $45,000 after purchasing an additional 826 shares during the last quarter. Jones Financial Companies Lllp acquired a new stake in shares of BlackSky Technology during the 3rd quarter valued at about $50,000. Russell Investments Group Ltd. acquired a new stake in shares of BlackSky Technology during the 3rd quarter valued at about $53,000. Finally, Caitong International Asset Management Co. Ltd acquired a new stake in shares of BlackSky Technology during the 3rd quarter valued at about $56,000. 27.15% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts have recently weighed in on the stock. Canaccord Genuity Group decreased their target price on shares of 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 upgraded shares of BlackSky Technology from a “strong sell” rating to a “hold” rating in a research report on Saturday, March 21st. HC Wainwright reiterated a “buy” rating and set a $42.00 target price on shares of BlackSky Technology in a research report on Friday, February 27th. Jefferies Financial Group began coverage on shares of BlackSky Technology in a research report on Monday, December 22nd. They set a “buy” rating and a $23.00 target price on the stock. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of BlackSky Technology in a research report on Wednesday, January 21st. Five investment analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, BlackSky Technology has an average rating of “Moderate Buy” and a consensus price target of $27.40.

BlackSky Technology Price Performance

NYSE:BKSY opened at $37.40 on Tuesday. The firm has a market cap of $1.39 billion, a PE ratio of -17.40 and a beta of 2.25. BlackSky Technology Inc. has a 12 month low of $6.44 and a 12 month high of $40.62. The company has a quick ratio of 3.37, a current ratio of 3.48 and a debt-to-equity ratio of 2.04. The company’s 50-day moving average price is $26.02 and its two-hundred day moving average price is $23.16.

BlackSky Technology (NYSE:BKSY) last announced its earnings results on Thursday, February 26th. The company reported ($0.19) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.25) by $0.06. BlackSky Technology had a negative net margin of 65.93% and a negative return on equity of 53.94%. The company had revenue of $35.21 million during the quarter, compared to the consensus estimate of $37.13 million. On average, equities analysts anticipate that BlackSky Technology Inc. will post -1.33 EPS for the current fiscal year.

BlackSky Technology 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.