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

Shares of BlackSky Technology Inc. (NYSE:BKSY) have earned a consensus recommendation of “Moderate Buy” from the seven analysts that are covering the company, Marketbeat reports. One analyst has rated the stock with a sell rating and six have assigned a buy rating to the company. The average twelve-month price target among analysts that have covered the stock in the last year is $28.00.

Several analysts have commented on the stock. Jefferies Financial Group started coverage on shares of BlackSky Technology in a report on Monday, December 22nd. They set a “buy” rating and a $23.00 target price on the stock. Weiss Ratings reissued a “sell (d-)” rating on shares of BlackSky Technology in a research report on Wednesday, January 21st.

Institutional Trading of BlackSky Technology

A number of large investors have recently added to or reduced their stakes in BKSY. Global Retirement Partners LLC acquired a new position in shares of BlackSky Technology in the fourth quarter valued at approximately $28,000. Wexford Capital LP acquired a new position in BlackSky Technology in the 3rd quarter valued at $30,000. IFP Advisors Inc grew its holdings in BlackSky Technology by 35,575.0% in the 2nd quarter. IFP Advisors Inc now owns 1,427 shares of the company’s stock valued at $32,000 after buying an additional 1,423 shares in the last quarter. Nisa Investment Advisors LLC increased its position in BlackSky Technology by 6,937.5% during the 2nd quarter. Nisa Investment Advisors LLC now owns 1,689 shares of the company’s stock worth $35,000 after buying an additional 1,665 shares during the period. Finally, Jones Financial Companies Lllp bought a new stake in shares of BlackSky Technology in the third quarter valued at about $50,000. Institutional investors and hedge funds own 27.15% of the company’s stock.

BlackSky Technology Stock Performance

BlackSky Technology stock opened at $22.88 on Wednesday. The company has a market cap of $823.45 million, a PE ratio of -7.29 and a beta of 2.43. The company has a current ratio of 3.89, a quick ratio of 3.89 and a debt-to-equity ratio of 2.08. BlackSky Technology has a 1 year low of $6.15 and a 1 year high of $33.20. The company’s 50-day moving average is $22.02 and its two-hundred day moving average is $20.49.

BlackSky Technology (NYSE:BKSY) last issued its earnings results on Thursday, November 6th. The company reported ($0.35) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.37) by $0.02. The firm had revenue of $19.62 million for the quarter, compared to analysts’ expectations of $28.67 million. BlackSky Technology had a negative return on equity of 54.48% and a negative net margin of 87.11%. Equities analysts anticipate that BlackSky Technology will post -2.28 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.