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

Shares of BlackSky Technology Inc. (NYSE:BKSY) have been given a consensus rating of “Moderate Buy” by the six analysts that are presently covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation and five have given a buy recommendation to the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $29.00.

BKSY has been the subject of several recent analyst reports. Weiss Ratings restated a “sell (d-)” rating on shares of BlackSky Technology in a research note on Wednesday, October 8th. HC Wainwright increased their price objective on BlackSky Technology from $28.00 to $42.00 and gave the stock a “buy” rating in a research report on Friday, October 10th.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the company. FNY Investment Advisers LLC acquired a new stake in BlackSky Technology during the 3rd quarter valued at $59,000. Tudor Investment Corp ET AL boosted its position in BlackSky Technology by 29.4% during the 3rd quarter. Tudor Investment Corp ET AL now owns 70,265 shares of the company’s stock valued at $1,416,000 after purchasing an additional 15,976 shares during the period. IFP Advisors Inc increased its position in BlackSky Technology by 57.9% in the 3rd 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 period. CIBC Bancorp USA Inc. acquired a new stake in shares of BlackSky Technology in the third quarter valued at $218,000. Finally, Caitong International Asset Management Co. Ltd acquired a new position in BlackSky Technology during the third quarter worth about $56,000. 27.15% of the stock is owned by hedge funds and other institutional investors.

BlackSky Technology Price Performance

NYSE:BKSY opened at $17.56 on Tuesday. The stock has a market capitalization of $631.91 million, a PE ratio of -5.59 and a beta of 2.41. BlackSky Technology has a 52 week low of $6.15 and a 52 week high of $33.20. The stock’s 50-day moving average price is $20.17 and its 200-day moving average price is $19.01. The company has a quick ratio of 3.89, a current ratio of 3.89 and a debt-to-equity ratio of 2.08.

BlackSky Technology (NYSE:BKSY) last announced its earnings results on Thursday, November 6th. The company reported ($0.35) EPS for the quarter, beating analysts’ consensus estimates of ($0.37) by $0.02. The business had revenue of $19.62 million during the quarter, compared to analysts’ expectations of $28.67 million. BlackSky Technology had a negative return on equity of 54.48% and a negative net margin of 87.11%. As a group, equities analysts expect that BlackSky Technology will post -2.28 EPS for the current fiscal 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.