BlackSky Technology Inc. (NYSE:BKSY) Receives Consensus Rating of “Hold” from Brokerages

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

A number of equities analysts have recently commented on BKSY shares. Weiss Ratings reissued a “sell (d-)” rating on shares of BlackSky Technology in a report on Monday, April 20th. Wall Street Zen cut BlackSky Technology from a “hold” rating to a “strong sell” rating in a research report on Saturday, May 16th. Finally, Jefferies Financial Group raised BlackSky Technology to a “hold” rating in a research note on Wednesday, June 10th.

BlackSky Technology Stock Up 0.0%

Shares of BKSY opened at $27.89 on Friday. BlackSky Technology has a one year low of $12.41 and a one year high of $52.88. The company has a market cap of $1.04 billion, a P/E ratio of -10.94 and a beta of 2.59. The company has a debt-to-equity ratio of 2.39, a current ratio of 3.46 and a quick ratio of 3.34. The firm has a 50 day simple moving average of $36.25 and a two-hundred day simple moving average of $28.92.

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

Hedge Funds Weigh In On BlackSky Technology

Institutional investors have recently added to or reduced their stakes in the stock. Quarry LP acquired a new stake in BlackSky Technology in the fourth quarter valued at approximately $26,000. Strive Financial Group LLC acquired a new position in shares of BlackSky Technology during the fourth quarter worth $26,000. Wexford Capital LP acquired a new position in shares of BlackSky Technology during the third quarter worth $30,000. Global Retirement Partners LLC bought a new position in shares of BlackSky Technology in the 4th quarter valued at $28,000. Finally, Fifth Third Bancorp acquired a new stake in shares of BlackSky Technology during the 1st quarter valued at $48,000. 27.15% of the stock is currently owned by institutional investors and hedge funds.

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.