What is HC Wainwright’s Estimate for BKSY FY2024 Earnings?

BlackSky Technology Inc. (NYSE:BKSY) – Analysts at HC Wainwright upped their FY2024 EPS estimates for BlackSky Technology in a research report issued on Wednesday, October 16th. HC Wainwright analyst S. Buck now forecasts that the company will earn ($2.35) per share for the year, up from their previous forecast of ($2.72). HC Wainwright has a “Buy” rating and a $12.00 price objective on the stock. The consensus estimate for BlackSky Technology’s current full-year earnings is ($2.52) per share. HC Wainwright also issued estimates for BlackSky Technology’s Q4 2024 earnings at ($0.31) EPS and FY2025 earnings at ($1.35) EPS.

A number of other analysts have also recently issued reports on the company. Lake Street Capital increased their price objective on BlackSky Technology from $4.00 to $32.00 and gave the stock a “buy” rating in a report on Monday, September 30th. Oppenheimer initiated coverage on shares of BlackSky Technology in a report on Wednesday, October 2nd. They issued an “outperform” rating and a $10.00 price target on the stock. Finally, Craig Hallum raised shares of BlackSky Technology from a “hold” rating to a “buy” rating and set a $10.00 price objective for the company in a research note on Friday, October 4th. Five investment analysts have rated the stock with a buy rating, According to MarketBeat.com, BlackSky Technology has a consensus rating of “Buy” and a consensus target price of $17.60.

BlackSky Technology Price Performance

BlackSky Technology stock opened at $6.12 on Friday. The firm has a market capitalization of $898.60 million, a P/E ratio of -16.11 and a beta of 0.97. BlackSky Technology has a one year low of $3.86 and a one year high of $14.16. The company has a debt-to-equity ratio of 1.41, a current ratio of 4.19 and a quick ratio of 4.19. The business has a fifty day moving average price of $6.95 and a 200-day moving average price of $8.33.

BlackSky Technology (NYSE:BKSY) last released its quarterly earnings data on Thursday, August 8th. The company reported ($0.48) EPS for the quarter, topping the consensus estimate of ($0.72) by $0.24. BlackSky Technology had a negative net margin of 26.78% and a negative return on equity of 56.91%. The company had revenue of $24.94 million during the quarter, compared to the consensus estimate of $25.14 million. During the same period last year, the firm earned ($1.92) EPS.

Insider Activity

In related news, CEO Brian E. O’toole sold 24,352 shares of the company’s stock in a transaction that occurred on Tuesday, September 10th. The shares were sold at an average price of $7.19, for a total value of $175,090.88. Following the transaction, the chief executive officer now directly owns 479,785 shares in the company, valued at approximately $3,449,654.15. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other BlackSky Technology news, CFO Henry Edward Dubois sold 23,590 shares of BlackSky Technology stock in a transaction dated Tuesday, September 10th. The stock was sold at an average price of $7.19, for a total transaction of $169,612.10. Following the completion of the sale, the chief financial officer now owns 231,645 shares of the company’s stock, valued at $1,665,527.55. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Brian E. O’toole sold 24,352 shares of the stock in a transaction dated Tuesday, September 10th. The shares were sold at an average price of $7.19, for a total value of $175,090.88. Following the transaction, the chief executive officer now owns 479,785 shares in the company, valued at $3,449,654.15. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 62,362 shares of company stock worth $446,535. 3.16% of the stock is currently owned by insiders.

Institutional Trading of BlackSky Technology

Several hedge funds and other institutional investors have recently bought and sold shares of BKSY. Vanguard Group Inc. raised its stake in shares of BlackSky Technology by 17.8% during the first quarter. Vanguard Group Inc. now owns 5,291,909 shares of the company’s stock worth $7,197,000 after acquiring an additional 800,287 shares in the last quarter. Virtu Financial LLC lifted its stake in BlackSky Technology by 134.5% in the first quarter. Virtu Financial LLC now owns 145,514 shares of the company’s stock worth $198,000 after purchasing an additional 83,462 shares during the last quarter. GSA Capital Partners LLP boosted its position in BlackSky Technology by 123.8% during the first quarter. GSA Capital Partners LLP now owns 315,900 shares of the company’s stock valued at $430,000 after buying an additional 174,773 shares during the period. Squarepoint Ops LLC bought a new position in shares of BlackSky Technology during the second quarter valued at about $295,000. Finally, LA Financiere DE L Echiquier increased its holdings in shares of BlackSky Technology by 13.6% in the second quarter. LA Financiere DE L Echiquier now owns 933,000 shares of the company’s stock worth $998,000 after buying an additional 112,000 shares during the period. Hedge funds and other institutional investors own 27.15% of the company’s stock.

About BlackSky Technology

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.