The average one-year price target for BlackSky Technology Inc - (NYSE:BKSY) has been revised to 3.32 / share. This is an decrease of 11.36% from the prior estimate of 3.74 dated July 5, 2023.
The price target is an average of many targets provided by analysts. The latest targets range from a low of 2.52 to a high of 4.20 / share. The average price target represents an increase of 66.58% from the latest reported closing price of 1.99 / share.
What is the Fund Sentiment?
There are 107 funds or institutions reporting positions in BlackSky Technology Inc -. This is an increase of 10 owner(s) or 10.31% in the last quarter. Average portfolio weight of all funds dedicated to BKSY is 0.05%, an increase of 10.55%. Total shares owned by institutions increased in the last three months by 50.65% to 43,646K shares. 
The put/call ratio of BKSY is 0.06, indicating a bullish outlook.
What are Other Shareholders Doing?
Armistice Capital holds 11,143K shares representing 7.91% ownership of the company.
Cercano Management holds 9,952K shares representing 7.07% ownership of the company. No change in the last quarter.
Jana Partners holds 2,881K shares representing 2.05% ownership of the company. No change in the last quarter.
AWM Investment holds 2,786K shares representing 1.98% ownership of the company.
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 2,605K shares representing 1.85% ownership of the company. No change in the last quarter.
BlackSky Technology Background Information
(This description is provided by the company.)
BlackSky is a leading provider of real-time geospatial intelligence. BlackSky monitors activities and facilities worldwide by harnessing the world’s emerging sensor networks and leveraging its own satellite constellation. BlackSky processes millions of observations from space, air, environmental sensors, asset tracking sensors, Industrial IoT, and Internet-enabled narrative sources. BlackSky’s on-demand constellation of satellites can image a location multiple times throughout the day. BlackSky monitors for pattern-of-life anomalies to produce alerts and enhance situational awareness. BlackSky’s monitoring service is powered by cutting-edge compute techniques including machine learning, artificial intelligence, computer vision, and natural language processing. BlackSky’s global monitoring is available via a simple subscription and requires no IT infrastructure or setup.
Additional reading:
- BLACKSKY REPORTS FIRST QUARTER 2023 RESULTS Q1 Imagery and Analytics Revenue Increases 114% from Prior Year Won Over a Dozen New Contracts and Renewal Agreements Amended Existing Debt Facility Extending Maturity to October 2026
- Second Amendment to Amended and Restated Loan and Security Agreement, dated as of May 9, 2023 by and among BlackSky Technology Inc. and the subsidiaries named therein, Intelsat Jackson Holdings SA and Seahawk SPV Investment LLC
- [PROPOSED] ORDER GRANTING PETITION FOR RELIEF PURSUANT TO 8 DEL. C. § 205
- Description of Securities
- BlackSky Technology Inc. Outside Director Compensation Policy
This story originally appeared on Fintel.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
