BlackSky Technology (NYSE:BKSY) Stock Price Down 9.5% – What’s Next?

Shares of BlackSky Technology Inc. (NYSE:BKSY) were down 9.5% during mid-day trading on Friday . The company traded as low as $18.07 and last traded at $18.0850. Approximately 454,386 shares were traded during mid-day trading, a decline of 69% from the average daily volume of 1,471,251 shares. The stock had previously closed at $19.99.

BlackSky Technology News Summary

Here are the key news stories impacting BlackSky Technology this week:

• Positive Sentiment: HC Wainwright reaffirmed a “buy” and set a $42 price target (implying large upside from current levels), offering analyst support that could attract buyers. HC Wainwright Reaffirms Buy
• Positive Sentiment: Management highlighted a strong finish to FY25 and progress on Gen‑3 capabilities during the earnings call — signals of product/tech momentum that support longer‑term revenue potential. Q4 2025 Earnings Call Highlights
• Neutral Sentiment: Stonegate Capital Partners updated coverage and published adjusted Q4 metrics (revenue $35.2M, adj. EBITDA $8.8M, adj. EPS ($0.02)), which present a cleaner view than GAAP numbers but don’t materially change the mixed picture. Stonegate Coverage Update
• Neutral Sentiment: Q4 results: GAAP EPS of ($0.19) beat consensus (loss of $0.25) but revenue of $35.21M missed estimates (~$37.1M). Company released slides and the call transcript for details. Press Release & Slides
• Negative Sentiment: FY2026 revenue guidance was given as $120M–$145M versus consensus ~$143.8M — the midpoint and lower bound leave room for disappointment and likely contributed to the stock pullback. Guidance & Transcript
• Negative Sentiment: Unusually high volume of put option purchases was reported, signaling short‑term bearish positioning that can amplify downside. Put Option Activity
• Negative Sentiment: Analyst/commentary pieces (e.g., Seeking Alpha) argue that while Q4 was better, shares remain expensive relative to expected near‑term earnings, keeping valuation concerns in play. Valuation Commentary

Analysts Set New Price Targets

Several brokerages have issued reports on BKSY. Jefferies Financial Group began coverage on shares of BlackSky Technology in a research report on Monday, December 22nd. They issued a “buy” rating and a $23.00 price objective for the company. HC Wainwright restated a “buy” rating and issued a $42.00 target price on shares of BlackSky Technology in a research note on Friday. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of BlackSky Technology in a report on Wednesday, January 21st. Five analysts have rated the stock with a Buy rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $27.60.

BlackSky Technology Trading Down 11.9%

The company has a current ratio of 3.89, a quick ratio of 3.89 and a debt-to-equity ratio of 2.08. The company has a market cap of $633.60 million, a price-to-earnings ratio of -5.61 and a beta of 2.43. The firm has a 50-day moving average price of $22.89 and a 200 day moving average price of $20.68.

BlackSky Technology (NYSE:BKSY) last announced its quarterly earnings data on Thursday, February 26th. The company reported ($0.19) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.25) by $0.06. BlackSky Technology had a negative return on equity of 54.48% and a negative net margin of 87.11%.The firm had revenue of $35.21 million for the quarter, compared to analysts’ expectations of $37.13 million. As a group, sell-side analysts forecast that BlackSky Technology Inc. will post -2.28 EPS for the current year.

Institutional Investors Weigh In On BlackSky Technology

Hedge funds have recently made changes to their positions in the business. Strive Financial Group LLC bought a new stake in shares of BlackSky Technology during the fourth quarter valued at about $26,000. XTX Topco Ltd acquired a new position in BlackSky Technology during the 4th quarter valued at about $527,000. Tudor Investment Corp ET AL raised its position in shares of BlackSky Technology by 56.2% during the 4th quarter. Tudor Investment Corp ET AL now owns 109,744 shares of the company’s stock worth $2,058,000 after buying an additional 39,479 shares in the last quarter. Balyasny Asset Management L.P. bought a new stake in shares of BlackSky Technology during the 4th quarter worth about $231,000. Finally, Schonfeld Strategic Advisors LLC acquired a new stake in shares of BlackSky Technology in the 4th quarter worth approximately $238,000. Institutional investors own 27.15% of the company’s stock.

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.