BlackSky Technology Inc. (NYSE:BKSY) Given Consensus Rating of “Moderate Buy” by Analysts

Shares of BlackSky Technology Inc. (NYSE:BKSY) have received an average rating of “Moderate Buy” from the seven brokerages that are currently covering the stock, Marketbeat reports. One investment analyst has rated the stock with a sell rating and six have assigned a buy rating to the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $28.00.

A number of analysts recently commented on the company. 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 target price for the company. HC Wainwright raised their price objective on BlackSky Technology from $28.00 to $42.00 and gave the company a “buy” rating in a research note on Friday, October 10th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of BlackSky Technology in a report on Wednesday, October 8th.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. Goldman Sachs Group Inc. increased its holdings in BlackSky Technology by 343.7% during the 1st quarter. Goldman Sachs Group Inc. now owns 557,729 shares of the company’s stock worth $4,311,000 after purchasing an additional 432,023 shares in the last quarter. Wasatch Advisors LP bought a new position in shares of BlackSky Technology in the third quarter valued at approximately $8,278,000. Portolan Capital Management LLC purchased a new position in shares of BlackSky Technology during the third quarter valued at approximately $7,855,000. Jump Financial LLC boosted its position in shares of BlackSky Technology by 128.2% during the second quarter. Jump Financial LLC now owns 480,048 shares of the company’s stock valued at $9,879,000 after buying an additional 269,700 shares during the last quarter. Finally, LBP AM SA grew its holdings in BlackSky Technology by 220.8% during the third quarter. LBP AM SA now owns 362,174 shares of the company’s stock worth $7,298,000 after buying an additional 249,269 shares in the last quarter. Institutional investors and hedge funds own 27.15% of the company’s stock.

BlackSky Technology Stock Up 2.3%

Shares of NYSE BKSY opened at $25.52 on Friday. The company has a quick ratio of 3.89, a current ratio of 3.89 and a debt-to-equity ratio of 2.08. The firm has a market cap of $918.46 million, a PE ratio of -8.13 and a beta of 2.42. The company’s fifty day simple moving average is $18.39 and its 200 day simple moving average is $20.04. BlackSky Technology has a 12-month low of $6.15 and a 12-month high of $33.20.

BlackSky Technology (NYSE:BKSY) last announced its quarterly earnings data on Thursday, November 6th. The company reported ($0.35) earnings per share for the quarter, beating the consensus estimate 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 firm had revenue of $19.62 million for the quarter, compared to analyst estimates of $28.67 million. As a group, sell-side analysts forecast that BlackSky Technology will post -2.28 earnings per share for the current fiscal year.

About BlackSky Technology

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.