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

Shares of BlackSky Technology Inc. (NYSE:BKSY) have been assigned a consensus rating of “Moderate Buy” from the seven research firms that are covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating and six have assigned a buy rating to the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $28.00.

A number of equities analysts recently weighed in on the company. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of BlackSky Technology in a report on Wednesday, January 21st. Jefferies Financial Group started coverage on BlackSky Technology in a research report on Monday, December 22nd. They issued a “buy” rating and a $23.00 price objective for the company. Finally, HC Wainwright upped their target price on BlackSky Technology from $28.00 to $42.00 and gave the stock a “buy” rating in a research note on Friday, October 10th.

Institutional Trading of BlackSky Technology

Several institutional investors have recently modified their holdings of the stock. Wexford Capital LP acquired a new position in shares of BlackSky Technology during the 3rd quarter worth about $30,000. IFP Advisors Inc increased its stake in BlackSky Technology by 35,575.0% during the 2nd quarter. IFP Advisors Inc now owns 1,427 shares of the company’s stock worth $32,000 after buying an additional 1,423 shares in the last quarter. Nisa Investment Advisors LLC raised its holdings in shares of BlackSky Technology by 6,937.5% during the second quarter. Nisa Investment Advisors LLC now owns 1,689 shares of the company’s stock valued at $35,000 after acquiring an additional 1,665 shares during the last quarter. Jones Financial Companies Lllp purchased a new position in shares of BlackSky Technology in the third quarter valued at approximately $50,000. Finally, Russell Investments Group Ltd. purchased a new position in shares of BlackSky Technology in the third quarter valued at approximately $53,000. Institutional investors and hedge funds own 27.15% of the company’s stock.

BlackSky Technology Stock Performance

BKSY opened at $23.77 on Wednesday. The firm has a fifty day moving average price of $21.78 and a 200 day moving average price of $20.47. BlackSky Technology has a 1 year low of $6.15 and a 1 year high of $33.20. The stock has a market cap of $855.37 million, a P/E ratio of -7.57 and a beta of 2.43. The company has a debt-to-equity ratio of 2.08, a current ratio of 3.89 and a quick ratio of 3.89.

BlackSky Technology (NYSE:BKSY) last released its quarterly earnings results on Thursday, November 6th. The company reported ($0.35) EPS for the quarter, beating the consensus estimate of ($0.37) by $0.02. The company had revenue of $19.62 million for the quarter, compared to analyst estimates of $28.67 million. BlackSky Technology had a negative net margin of 87.11% and a negative return on equity of 54.48%. Equities research analysts anticipate that BlackSky Technology will post -2.28 earnings per share for the current year.

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.