BlackSky Technology (NYSE:BKSY) Now Covered by Analysts at Jefferies Financial Group

Jefferies Financial Group initiated coverage on shares of BlackSky Technology (NYSE:BKSY) in a research report sent to investors on Monday, MarketBeat reports. The firm issued a buy rating and a $23.00 target price on the stock.

Several other analysts have also recently commented on the company. Weiss Ratings restated a “sell (d-)” rating on shares of BlackSky Technology in a report on Wednesday, October 8th. HC Wainwright raised their target price on shares of BlackSky Technology from $28.00 to $42.00 and gave the stock a “buy” rating in a research report on Friday, October 10th. Six analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, BlackSky Technology presently has a consensus rating of “Moderate Buy” and a consensus target price of $28.00.

BlackSky Technology Trading Up 13.4%

Shares of BKSY opened at $21.83 on Monday. BlackSky Technology has a fifty-two week low of $6.15 and a fifty-two week high of $33.20. The company has a market capitalization of $785.52 million, a PE ratio of -6.95 and a beta of 2.41. The stock has a fifty day moving average of $19.12 and a two-hundred day moving average of $19.26. The company has a debt-to-equity ratio of 2.08, a quick ratio of 3.89 and a current ratio of 3.89.

BlackSky Technology (NYSE:BKSY) last posted its quarterly earnings data on Thursday, November 6th. The company reported ($0.35) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.37) by $0.02. The business had revenue of $19.62 million for 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, analysts forecast that BlackSky Technology will post -2.28 EPS for the current year.

Hedge Funds Weigh In On BlackSky Technology

Several hedge funds and other institutional investors have recently modified their holdings of the company. Charles Schwab Investment Management Inc. grew its holdings in shares of BlackSky Technology by 6.7% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 201,832 shares of the company’s stock worth $1,560,000 after purchasing an additional 12,675 shares during the period. American Century Companies Inc. acquired a new position in BlackSky Technology during the first quarter valued at approximately $127,000. EntryPoint Capital LLC purchased a new stake in BlackSky Technology during the first quarter worth approximately $137,000. AlphaQuest LLC purchased a new stake in BlackSky Technology during the first quarter worth approximately $104,000. Finally, Jump Financial LLC acquired a new stake in shares of BlackSky Technology in the first quarter worth $1,626,000. 27.15% of the stock is owned by institutional investors and hedge funds.

BlackSky Technology Company Profile

BlackSky Technology, Inc operates Earth observation and geospatial intelligence services through a constellation of small satellites and an analytics platform. The company collects and processes high-revisit satellite imagery, enabling near-real-time monitoring of global events and locations. Clients across government, defense and commercial sectors leverage BlackSky’s imagery and data to support decision-making in areas such as supply chain monitoring, humanitarian aid, infrastructure management and security operations.

Founded in 2014 as part of Spaceflight Industries, BlackSky has grown its satellite constellation and analytics capabilities to deliver satellite imagery with high revisit rates and rapid tasking.