BlackSky Technology (NYSE:BKSY) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of BlackSky Technology (NYSE:BKSY) from a strong sell rating to a sell rating in a research report sent to investors on Saturday.

Several other research firms have also commented on BKSY. Clear Str raised BlackSky Technology from a “hold” rating to a “strong-buy” rating in a report on Monday, August 10th. Weiss Ratings restated a “sell (d-)” rating on shares of BlackSky Technology in a research report on Friday, July 17th. Finally, Jefferies Financial Group raised shares of BlackSky Technology to a “hold” rating in a research note on Wednesday, June 10th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $39.33.

BlackSky Technology Trading Down 0.1%

NYSE BKSY opened at $30.89 on Friday. BlackSky Technology has a 1 year low of $12.41 and a 1 year high of $52.88. The company has a debt-to-equity ratio of 0.94, a current ratio of 5.83 and a quick ratio of 5.72. The company has a market capitalization of $1.26 billion, a PE ratio of -16.97 and a beta of 2.61. The company has a fifty day moving average of $26.72 and a 200 day moving average of $29.50.

BlackSky Technology (NYSE:BKSY) last announced its quarterly earnings results on Thursday, August 6th. The company reported ($0.54) earnings per share for the quarter, missing the consensus estimate of ($0.38) by ($0.16). The company had revenue of $33.32 million for the quarter, compared to analyst estimates of $30.72 million. BlackSky Technology had a negative return on equity of 51.24% and a negative net margin of 61.24%. Research analysts forecast that BlackSky Technology will post -1.27 earnings per share for the current year.

Institutional Trading of BlackSky Technology

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Round Rock Advisors LLC acquired a new position in shares of BlackSky Technology during the fourth quarter valued at approximately $681,000. Sei Investments Co. boosted its stake in shares of BlackSky Technology by 125.5% in the first quarter. Sei Investments Co. now owns 65,650 shares of the company’s stock worth $1,652,000 after acquiring an additional 36,541 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. purchased a new stake in shares of BlackSky Technology during the fourth quarter worth approximately $7,930,000. Tema ETFs LLC increased its position in shares of BlackSky Technology by 110,505.8% during the second quarter. Tema ETFs LLC now owns 1,446,724 shares of the company’s stock worth $40,393,000 after purchasing an additional 1,445,416 shares in the last quarter. Finally, Cassaday & Co Wealth Management LLC acquired a new position in BlackSky Technology in the 4th quarter valued at $247,000. Hedge funds and other institutional investors 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.