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

BlackSky Technology Inc. (NYSE:BKSY) has been assigned an average rating of “Hold” from the five research firms that are covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, one has given a hold recommendation and three have assigned a buy recommendation to the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $36.50.

BKSY has been the topic of a number of recent analyst reports. Weiss Ratings reissued a “sell (d-)” rating on shares of BlackSky Technology in a research report on Monday, April 20th. Jefferies Financial Group lowered shares of BlackSky Technology from a “buy” rating to a “hold” rating and set a $50.00 price objective on the stock. in a research report on Monday, June 1st. Wall Street Zen lowered shares of BlackSky Technology from a “hold” rating to a “strong sell” rating in a research report on Saturday, May 16th. Canaccord Genuity Group reduced their price objective on shares of BlackSky Technology from $27.00 to $26.00 and set a “buy” rating on the stock in a research report on Friday, February 27th. Finally, HC Wainwright reissued a “buy” rating and issued a $42.00 price objective on shares of BlackSky Technology in a research report on Friday, February 27th.

BlackSky Technology Stock Performance

BlackSky Technology stock opened at $34.33 on Tuesday. The company has a debt-to-equity ratio of 2.39, a current ratio of 3.46 and a quick ratio of 3.34. BlackSky Technology has a 1-year low of $10.80 and a 1-year high of $52.88. The firm has a market capitalization of $1.27 billion, a P/E ratio of -13.46 and a beta of 2.52. The company’s 50-day moving average is $37.62 and its 200 day moving average is $27.47.

BlackSky Technology (NYSE:BKSY) last posted its quarterly earnings data on Thursday, May 7th. The company reported ($0.82) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.37) by ($0.45). BlackSky Technology had a negative return on equity of 74.25% and a negative net margin of 89.07%.The firm had revenue of $20.77 million during the quarter, compared to analysts’ expectations of $27.60 million. Research analysts forecast that BlackSky Technology will post -1.32 EPS for the current year.

Institutional Investors Weigh In On BlackSky Technology

Hedge funds have recently made changes to their positions in the company. Round Rock Advisors LLC purchased a new stake in shares of BlackSky Technology in the 4th quarter worth $681,000. LBP AM SA lifted its holdings in shares of BlackSky Technology by 37.3% in the 4th quarter. LBP AM SA now owns 497,187 shares of the company’s stock worth $9,322,000 after buying an additional 135,013 shares during the period. Divisadero Street Capital Management LP increased its holdings in BlackSky Technology by 42.8% during the third quarter. Divisadero Street Capital Management LP now owns 365,910 shares of the company’s stock valued at $7,373,000 after buying an additional 109,610 shares during the period. Principal Financial Group Inc. purchased a new position in BlackSky Technology during the third quarter valued at approximately $1,310,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. purchased a new position in BlackSky Technology during the fourth quarter valued at approximately $7,930,000. 27.15% of the stock is currently owned by hedge funds and other 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.