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

Shares of BlackSky Technology Inc. (NYSE:BKSY) have received a consensus rating of “Moderate Buy” from the six brokerages that are covering the stock, Marketbeat reports. One analyst has rated the stock with a sell rating and five have assigned a buy rating to the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $29.00.

BKSY has been the topic of a number of research analyst reports. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of BlackSky Technology in a research report on Wednesday, October 8th. HC Wainwright boosted their price target on shares of BlackSky Technology from $28.00 to $42.00 and gave the stock a “buy” rating in a report on Friday, October 10th.

Hedge Funds Weigh In On BlackSky Technology

Large investors have recently modified their holdings of the company. FNY Investment Advisers LLC purchased a new position in BlackSky Technology in the third quarter worth $59,000. Tudor Investment Corp ET AL increased its stake in shares of BlackSky Technology by 29.4% in the 3rd quarter. Tudor Investment Corp ET AL now owns 70,265 shares of the company’s stock worth $1,416,000 after purchasing an additional 15,976 shares in the last quarter. IFP Advisors Inc raised its stake 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 worth $45,000 after buying an additional 826 shares during the period. CIBC Bancorp USA Inc. bought a new stake in BlackSky Technology during the third quarter valued at about $218,000. Finally, Caitong International Asset Management Co. Ltd bought a new position in BlackSky Technology during the third quarter valued at approximately $56,000. 27.15% of the stock is currently owned by institutional investors.

BlackSky Technology Price Performance

BKSY opened at $17.56 on Tuesday. The stock has a fifty day moving average price of $20.17 and a 200 day moving average price of $19.01. 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 $631.91 million, a price-to-earnings ratio of -5.59 and a beta of 2.41. The company has a current ratio of 3.89, a quick ratio of 3.89 and a debt-to-equity ratio of 2.08.

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

BlackSky Technology Company Profile

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.