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

BlackSky Technology Inc. (NYSE:BKSY) has earned a consensus rating of “Moderate Buy” from the five ratings firms that are presently covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, one has given a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $39.3333.

A number of equities analysts have recently commented on BKSY shares. Wall Street Zen raised BlackSky Technology from a “strong sell” rating to a “sell” rating in a report on Saturday, August 15th. Clear Str raised BlackSky Technology from a “hold” rating to a “strong-buy” rating in a report on Monday, August 10th. Jefferies Financial Group upgraded BlackSky Technology to a “hold” rating in a research note on Wednesday, June 10th. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of BlackSky Technology in a report on Friday, July 17th.

Insider Buying and Selling

In other BlackSky Technology news, CEO Brian E. O’toole sold 20,000 shares of the firm’s stock in a transaction on Wednesday, September 9th. The shares were sold at an average price of $21.83, for a total value of $436,600.00. Following the completion of the transaction, the chief executive officer directly owned 1,119,676 shares of the company’s stock, valued at $24,442,527.08. This trade represents a 1.75% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Henry Dubois sold 4,000 shares of the business’s stock in a transaction on Friday, August 28th. The shares were sold at an average price of $23.78, for a total transaction of $95,120.00. Following the transaction, the chief financial officer owned 498,156 shares of the company’s stock, valued at $11,846,149.68. This trade represents a 0.80% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 5.20% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On BlackSky Technology

Large investors have recently added to or reduced their stakes in the business. Quarry LP bought a new position in BlackSky Technology in the 4th quarter worth about $26,000. Strive Financial Group LLC bought a new stake in shares of BlackSky Technology during the 4th quarter valued at about $26,000. Global Retirement Partners LLC purchased a new position in shares of BlackSky Technology during the fourth quarter worth about $28,000. Wexford Capital LP bought a new position in shares of BlackSky Technology in the third quarter worth approximately $30,000. Finally, IFP Advisors Inc increased its position in shares of BlackSky Technology by 57.9% in the third quarter. IFP Advisors Inc now owns 2,253 shares of the company’s stock worth $45,000 after purchasing an additional 826 shares during the last quarter. Institutional investors own 27.15% of the company’s stock.

BlackSky Technology Stock Performance

Shares of BKSY stock opened at $20.63 on Friday. The firm’s 50 day moving average is $24.69 and its 200 day moving average is $29.62. The stock has a market capitalization of $844.12 million, a P/E ratio of -11.33 and a beta of 2.61. BlackSky Technology has a 12 month low of $12.41 and a 12 month high of $52.88. The company has a current ratio of 5.83, a quick ratio of 5.72 and a debt-to-equity ratio of 0.94.

BlackSky Technology (NYSE:BKSY) last released its quarterly earnings data on Thursday, August 6th. The company reported ($0.54) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.38) by ($0.16). BlackSky Technology had a negative net margin of 61.24% and a negative return on equity of 51.24%. The business had revenue of $33.32 million during the quarter, compared to analysts’ expectations of $30.72 million. On average, sell-side analysts anticipate that BlackSky Technology will post -1.09 earnings per share for the current year.

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.