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

Kingsview Wealth Management LLC acquired a new position in BlackSky Technology Inc. (NYSE:BKSY) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 39,189 shares of the company’s stock, valued at approximately $735,000. Kingsview Wealth Management LLC owned about 0.11% of BlackSky Technology as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of BKSY. Global Retirement Partners LLC purchased a new stake in BlackSky Technology in the 4th quarter valued at $28,000. Wexford Capital LP bought a new stake in BlackSky Technology in the third quarter worth about $30,000. IFP Advisors Inc boosted its stake in BlackSky Technology by 57.9% in the third quarter. IFP Advisors Inc now owns 2,253 shares of the company’s stock valued at $45,000 after acquiring an additional 826 shares during the last quarter. Jones Financial Companies Lllp purchased a new position in BlackSky Technology in the third quarter valued at about $50,000. Finally, Russell Investments Group Ltd. bought a new position in shares of BlackSky Technology during the 3rd quarter valued at approximately $53,000. Institutional investors own 27.15% of the company’s stock.

BlackSky Technology Price Performance

BKSY opened at $43.89 on Wednesday. The company has a current ratio of 3.46, a quick ratio of 3.34 and a debt-to-equity ratio of 2.39. The stock has a market capitalization of $1.63 billion, a P/E ratio of -17.21 and a beta of 2.52. The stock has a 50-day moving average price of $36.49 and a 200-day moving average price of $26.62. BlackSky Technology Inc. has a 12-month low of $10.80 and a 12-month high of $52.88.

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

Analyst Ratings Changes

A number of research firms recently commented on BKSY. HC Wainwright reaffirmed a “buy” rating and issued a $42.00 price target on shares of BlackSky Technology in a report on Friday, February 27th. Canaccord Genuity Group lowered their price objective on BlackSky Technology from $27.00 to $26.00 and set a “buy” rating on the stock in a research note on Friday, February 27th. Weiss Ratings reiterated a “sell (d-)” rating on shares of BlackSky Technology in a research note on Monday, April 20th. Jefferies Financial Group lowered shares of BlackSky Technology from a “buy” rating to a “hold” rating and set a $50.00 price target on the stock. in a research report on Monday. Finally, Wall Street Zen cut shares of BlackSky Technology from a “hold” rating to a “strong sell” rating in a research note on Saturday, May 16th. Three research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, BlackSky Technology presently has an average rating of “Hold” and an average target price of $36.50.

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.