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

BlackSky Technology Inc. (NYSE:BKSY) has been assigned a consensus recommendation of “Buy” from the six analysts that are covering the stock, Marketbeat Ratings reports. Six equities research analysts have rated the stock with a buy recommendation. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $23.50.

A number of brokerages have weighed in on BKSY. Wall Street Zen lowered BlackSky Technology from a “hold” rating to a “strong sell” rating in a report on Saturday, August 9th. Canaccord Genuity Group lowered their price target on BlackSky Technology from $28.00 to $27.00 and set a “buy” rating on the stock in a report on Tuesday, July 22nd. HC Wainwright upped their price target on BlackSky Technology from $20.00 to $28.00 and gave the stock a “buy” rating in a report on Monday, July 21st. Lake Street Capital upped their price target on BlackSky Technology from $18.00 to $28.00 and gave the stock a “buy” rating in a report on Thursday, July 24th. Finally, Benchmark upped their price target on BlackSky Technology from $17.00 to $18.00 and gave the stock a “buy” rating in a report on Tuesday, May 13th.

Institutional Investors Weigh In On BlackSky Technology

Institutional investors and hedge funds have recently modified their holdings of the company. IFP Advisors Inc grew its holdings in shares of BlackSky Technology by 35,575.0% in the 2nd quarter. IFP Advisors Inc now owns 1,427 shares of the company’s stock worth $32,000 after acquiring an additional 1,423 shares during the period. Nisa Investment Advisors LLC grew its holdings in shares of BlackSky Technology by 6,937.5% in the 2nd quarter. Nisa Investment Advisors LLC now owns 1,689 shares of the company’s stock worth $35,000 after acquiring an additional 1,665 shares during the period. BNP Paribas Financial Markets lifted its stake in BlackSky Technology by 22.7% in the 4th quarter. BNP Paribas Financial Markets now owns 3,691 shares of the company’s stock valued at $40,000 after buying an additional 683 shares in the last quarter. GAMMA Investing LLC lifted its stake in BlackSky Technology by 14,829.2% in the 1st quarter. GAMMA Investing LLC now owns 7,166 shares of the company’s stock valued at $55,000 after buying an additional 7,118 shares in the last quarter. Finally, GPS Wealth Strategies Group LLC purchased a new stake in BlackSky Technology in the 2nd quarter valued at approximately $57,000. Institutional investors and hedge funds own 27.15% of the company’s stock.

BlackSky Technology Price Performance

Shares of BKSY opened at $16.20 on Friday. BlackSky Technology has a twelve month low of $3.86 and a twelve month high of $28.85. The stock’s 50 day moving average is $19.60 and its two-hundred day moving average is $13.76. The firm has a market capitalization of $574.54 million, a PE ratio of -4.82 and a beta of 2.15. The company has a current ratio of 3.71, a quick ratio of 3.71 and a debt-to-equity ratio of 1.35.

BlackSky Technology (NYSE:BKSY) last announced its quarterly earnings data on Thursday, August 7th. The company reported ($0.52) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.49) by ($0.03). BlackSky Technology had a negative net margin of 82.04% and a negative return on equity of 52.27%. The business had revenue of $22.20 million during the quarter, compared to analysts’ expectations of $22.17 million. BlackSky Technology has set its FY 2025 guidance at EPS. Research analysts anticipate that BlackSky Technology will post -2.28 earnings per share for the current year.

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.