BlackSky Technology (NYSE:BKSY) Upgraded by Wall Street Zen to Hold Rating

BlackSky Technology (NYSE:BKSY) was upgraded by equities researchers at Wall Street Zen from a “strong sell” rating to a “hold” rating in a note issued to investors on Saturday.

BKSY has been the topic of a number of other research reports. Canaccord Genuity Group dropped their price target on BlackSky Technology from $27.00 to $26.00 and set a “buy” rating on the stock in a research report on Friday, February 27th. Jefferies Financial Group began coverage on BlackSky Technology in a research note on Monday, December 22nd. They set a “buy” rating and a $23.00 target price for the company. Weiss Ratings restated a “sell (d-)” rating on shares of BlackSky Technology in a report on Wednesday, January 21st. Finally, HC Wainwright reaffirmed a “buy” rating and issued a $42.00 price target on shares of BlackSky Technology in a research note on Friday, February 27th. Five investment analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $27.40.

BlackSky Technology Price Performance

BKSY opened at $26.06 on Friday. The stock has a market cap of $964.11 million, a P/E ratio of -12.12 and a beta of 2.44. BlackSky Technology has a 12 month low of $6.15 and a 12 month high of $33.20. The company has a quick ratio of 3.89, a current ratio of 3.48 and a debt-to-equity ratio of 2.04. The company has a fifty day simple moving average of $23.70 and a 200 day simple moving average of $21.40.

BlackSky Technology (NYSE:BKSY) last posted its earnings results on Thursday, February 26th. The company reported ($0.19) earnings per share for the quarter, topping the consensus estimate of ($0.25) by $0.06. BlackSky Technology had a negative return on equity of 53.94% and a negative net margin of 65.93%.The firm had revenue of $35.21 million for the quarter, compared to analyst estimates of $37.13 million. On average, research analysts expect that BlackSky Technology will post -2.28 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the company. Quarry LP bought a new stake in BlackSky Technology in the 4th quarter valued at approximately $26,000. Strive Financial Group LLC bought a new position in shares of BlackSky Technology during the 4th quarter worth approximately $26,000. Global Retirement Partners LLC bought a new position in shares of BlackSky Technology during the 4th quarter worth approximately $28,000. Wexford Capital LP acquired a new stake in shares of BlackSky Technology in the third quarter valued at approximately $30,000. Finally, IFP Advisors Inc raised its holdings in shares of BlackSky Technology by 57.9% in the third quarter. IFP Advisors Inc now owns 2,253 shares of the company’s stock valued at $45,000 after purchasing an additional 826 shares during the last quarter. 27.15% of the stock is currently owned by institutional investors.

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.