Kingsview Wealth Management LLC Purchases Shares of 39,189 BlackSky Technology Inc. $BKSY

Kingsview Wealth Management LLC acquired a new stake in shares of BlackSky Technology Inc. (NYSE:BKSY) in the 4th quarter, HoldingsChannel reports. The fund acquired 39,189 shares of the company’s stock, valued at approximately $735,000.

Other large investors also recently modified their holdings of the company. IFP Advisors Inc raised its position in BlackSky Technology by 57.9% during the 3rd quarter. IFP Advisors Inc now owns 2,253 shares of the company’s stock valued at $45,000 after purchasing an additional 826 shares during the last quarter. Legal & General Group Plc grew its position in shares of BlackSky Technology by 40.5% in the 2nd quarter. Legal & General Group Plc now owns 3,118 shares of the company’s stock worth $64,000 after buying an additional 899 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of BlackSky Technology by 7.2% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 15,174 shares of the company’s stock worth $117,000 after buying an additional 1,015 shares during the last quarter. Osaic Holdings Inc. increased its stake in shares of BlackSky Technology by 9.1% during the second quarter. Osaic Holdings Inc. now owns 17,443 shares of the company’s stock valued at $359,000 after buying an additional 1,451 shares during the period. Finally, Wexford Capital LP purchased a new position in shares of BlackSky Technology during the third quarter valued at approximately $30,000. 27.15% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research firms recently weighed in on BKSY. HC Wainwright reiterated a “buy” rating and issued a $42.00 price target on shares of BlackSky Technology in a report on Friday, February 27th. Weiss Ratings restated a “sell (d-)” rating on shares of BlackSky Technology in a report on Monday, April 20th. Wall Street Zen lowered shares of BlackSky Technology from a “hold” rating to a “strong sell” rating in a research note on Saturday, May 16th. Canaccord Genuity Group reduced their price target 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. Finally, Jefferies Financial Group downgraded shares of BlackSky Technology from a “buy” rating to a “hold” rating and set a $50.00 price target for the company. in a research note on Monday. Three analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $36.50.

BlackSky Technology Price Performance

Shares of BKSY opened at $43.89 on Wednesday. BlackSky Technology Inc. has a fifty-two week low of $10.80 and a fifty-two week high of $52.88. The firm’s 50-day simple moving average is $36.49 and its two-hundred day simple moving average is $26.62. The stock has a market cap of $1.63 billion, a PE ratio of -17.21 and a beta of 2.52. The company has a debt-to-equity ratio of 2.39, a quick ratio of 3.34 and a current ratio of 3.46.

BlackSky Technology (NYSE:BKSY) last posted its quarterly earnings data 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 company had revenue of $20.77 million for the quarter, compared to the consensus estimate of $27.60 million. Analysts anticipate that BlackSky Technology Inc. will post -1.32 earnings per share for the current fiscal year.

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.