Research Analysts Issue Forecasts for BKSY Q3 Earnings

BlackSky Technology Inc. (NYSE:BKSY) – Equities research analysts at Sidoti issued their Q3 2028 earnings per share (EPS) estimates for BlackSky Technology in a report issued on Friday, September 25th. Sidoti analyst G. Burns forecasts that the company will post earnings of $0.11 per share for the quarter. The consensus estimate for BlackSky Technology’s current full-year earnings is ($1.09) per share.

Other analysts have also recently issued research reports about the stock. Jefferies Financial Group raised shares of BlackSky Technology to a “hold” rating in a research note on Wednesday, June 10th. Wall Street Zen upgraded BlackSky Technology from a “strong sell” rating to a “sell” rating in a report on Saturday, August 15th. Weiss Ratings reiterated a “sell (d-)” rating on shares of BlackSky Technology in a research note on Friday, July 17th. Finally, Clear Str raised BlackSky Technology from a “hold” rating to a “strong-buy” rating in a report on Monday, August 10th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $39.33.

BlackSky Technology Stock Performance

NYSE:BKSY opened at $21.12 on Friday. The company has a debt-to-equity ratio of 0.94, a quick ratio of 5.72 and a current ratio of 5.83. The stock has a market capitalization of $864.19 million, a PE ratio of -11.60 and a beta of 2.70. BlackSky Technology has a fifty-two week low of $12.41 and a fifty-two week high of $52.88. The company has a fifty day moving average of $24.11 and a two-hundred day moving average of $29.66.

BlackSky Technology (NYSE:BKSY) last announced its earnings results on Thursday, August 6th. The company reported ($0.54) earnings per share (EPS) 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 for the quarter, compared to analysts’ expectations of $30.72 million.

Insider Transactions at BlackSky Technology

In other BlackSky Technology news, CFO Henry Dubois sold 15,225 shares of the firm’s stock in a transaction on Friday, September 11th. The stock was sold at an average price of $20.95, for a total value of $318,963.75. Following the completion of the sale, the chief financial officer directly owned 482,931 shares of the company’s stock, valued at $10,117,404.45. This trade represents a 3.06% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CAO Christiana L. Lin sold 13,052 shares of the business’s stock in a transaction dated Friday, September 11th. The shares were sold at an average price of $20.95, for a total transaction of $273,439.40. Following the transaction, the chief accounting officer directly owned 427,680 shares in the company, valued at approximately $8,959,896. The trade was a 2.96% decrease in their position. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last three months, insiders have sold 138,557 shares of company stock valued at $2,991,269. Corporate insiders own 5.20% of the company’s stock.

Hedge Funds Weigh In On BlackSky Technology

A number of institutional investors have recently bought and sold shares of BKSY. Tema ETFs LLC lifted 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. Tidal Investments LLC acquired a new position in shares of BlackSky Technology in the second quarter valued at approximately $39,289,000. AWM Investment Company Inc. acquired a new position in shares of BlackSky Technology in the second quarter valued at approximately $33,504,000. Daiwa Securities Group Inc. purchased a new stake in shares of BlackSky Technology during the fourth quarter worth $16,395,000. Finally, Bank of America Corp DE grew its position in shares of BlackSky Technology by 156.1% during the first quarter. Bank of America Corp DE now owns 412,891 shares of the company’s stock worth $10,388,000 after buying an additional 251,638 shares in the last quarter. 27.15% of the stock is owned by hedge funds and other institutional investors.

More BlackSky Technology News

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

• Positive Sentiment: SkyFi partnership expands BlackSky’s commercial reach. BlackSky has been selected as the first satellite-imagery provider for SkyFi’s “Satellite Intelligence,” a Robinhood Agent App expected to launch in the coming weeks. The tool will combine BlackSky’s rapid-revisit, very-high-resolution imagery with SkyFi’s AI analytics, giving users access to geospatial intelligence on factories, fulfillment centers, data-center construction and theme-park sites. BlackSky Named First Satellite Imagery Provider for SkyFi Satellite Intelligence
• Positive Sentiment: Greater visibility could support future demand. Distribution through Robinhood’s agent-app ecosystem may introduce BlackSky’s data to a broader investor and business audience and create a new commercial channel, although the companies did not disclose financial terms. BlackSky Named Satellite Imagery Provider for SkyFi
• Positive Sentiment: Analyst expectations remain above the current share price. A report cites an average analyst price target of $39.33, which suggests substantial upside if BlackSky meets execution expectations. Price targets are estimates, not guarantees. BlackSky Average Analyst Price Target
• Neutral Sentiment: Short-squeeze interest could increase volatility. BlackSky appears on a list of stocks with potentially high short-squeeze potential, which may attract speculative buying, but it does not represent a fundamental change in the company’s business. Stocks With Short Squeeze Potential
• Negative Sentiment: Macro conditions remain a headwind. Rising bond yields, oil prices and inflation concerns are making investors more cautious heading into the fourth quarter, potentially weighing on speculative and unprofitable technology stocks such as BKSY.

About BlackSky Technology

BlackSky Technology Inc is a space-based intelligence and geospatial analytics company that provides timely Earth-observation data and analysis to government and commercial customers. The company operates a satellite constellation designed to collect high-resolution imagery and support persistent monitoring of locations and activities around the world.

BlackSky’s offerings include satellite imagery, automated change detection, geospatial intelligence, and artificial intelligence-powered analytics.