Jefferies Financial Group Begins Coverage on BlackSky Technology (NYSE:BKSY)

Jefferies Financial Group began coverage on shares of BlackSky Technology (NYSE:BKSY) in a report released on Monday, Marketbeat.com reports. The firm set a “buy” rating and a $23.00 price target on the stock. Jefferies Financial Group’s target price would indicate a potential upside of 5.94% from the stock’s current price.

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

BlackSky Technology Stock Down 0.7%

Shares of BKSY opened at $21.71 on Monday. BlackSky Technology has a fifty-two week low of $6.15 and a fifty-two week high of $33.20. The company’s fifty day moving average is $18.96 and its two-hundred day moving average is $19.32. The firm has a market cap of $781.38 million, a PE ratio of -6.91 and a beta of 2.41. 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 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 return on equity of 54.48% and a negative net margin of 87.11%.The business 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 earnings per share for the current year.

Institutional Trading of BlackSky Technology

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

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.