BlackSky Technology Inc. (NYSE:BKSY) Receives Consensus Recommendation of “Buy” from Brokerages

Shares of BlackSky Technology Inc. (NYSE:BKSY) have received a consensus recommendation of “Buy” from the six research firms that are covering the company, MarketBeat Ratings reports. Six investment analysts have rated the stock with a buy recommendation. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $3.00.

Several equities analysts have issued reports on the company. Westpark Capital assumed coverage on BlackSky Technology in a research note on Wednesday, July 12th. They issued a “buy” rating on the stock. Deutsche Bank Aktiengesellschaft cut their target price on shares of BlackSky Technology from $3.00 to $2.50 in a research note on Thursday, August 10th. Benchmark decreased their price target on shares of BlackSky Technology from $4.00 to $3.00 and set a “buy” rating for the company in a research note on Friday, August 11th. Finally, Craig Hallum initiated coverage on shares of BlackSky Technology in a research report on Thursday, July 6th. They set a “buy” rating and a $2.50 price objective on the stock.

BlackSky Technology Price Performance

Shares of NYSE BKSY opened at $1.35 on Tuesday. The company has a market capitalization of $190.11 million, a PE ratio of -2.18 and a beta of 0.95. The company has a quick ratio of 4.56, a current ratio of 4.56 and a debt-to-equity ratio of 0.90. BlackSky Technology has a twelve month low of $1.12 and a twelve month high of $2.37. The firm has a fifty day simple moving average of $1.78 and a 200 day simple moving average of $1.60.

BlackSky Technology (NYSE:BKSY) last posted its quarterly earnings data on Wednesday, August 9th. The company reported ($0.24) earnings per share for the quarter, missing the consensus estimate of ($0.10) by ($0.14). The business had revenue of $19.33 million during the quarter, compared to the consensus estimate of $20.49 million. BlackSky Technology had a negative return on equity of 68.70% and a negative net margin of 106.33%. On average, sell-side analysts forecast that BlackSky Technology will post -0.55 EPS for the current year.

Institutional Investors Weigh In On BlackSky Technology

Hedge funds and other institutional investors have recently made changes to their positions in the business. Two Sigma Securities LLC acquired a new position in BlackSky Technology during the 2nd quarter valued at about $26,000. Principal Financial Group Inc. purchased a new position in shares of BlackSky Technology during the second quarter valued at approximately $28,000. Nomura Holdings Inc. bought a new stake in BlackSky Technology during the first quarter worth $29,000. Shay Capital LLC purchased a new stake in BlackSky Technology in the 4th quarter valued at $32,000. Finally, Advisor Group Holdings Inc. raised its position in BlackSky Technology by 163.4% in the 1st quarter. Advisor Group Holdings Inc. now owns 17,320 shares of the company’s stock valued at $33,000 after buying an additional 10,745 shares during the last quarter. 41.38% of the stock is owned by institutional investors.

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 operations of satellite and ground systems to government and commercial customers in North America, the Middle East, Asia, and internationally.