BlackSky Technology Inc. (NYSE:BKSY) Receives Average Rating of “Hold” from Analysts

Shares of BlackSky Technology Inc. (NYSE:BKSY) have been given a consensus rating of “Hold” by the five analysts that are presently covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating on the company. The average 1-year target price among brokerages that have covered the stock in the last year is $36.50.

Several research analysts recently issued reports on BKSY shares. Jefferies Financial Group raised shares of BlackSky Technology to a “hold” rating in a report on Wednesday. HC Wainwright reissued a “buy” rating and set a $42.00 target price on shares of BlackSky Technology in a research note on Friday, February 27th. Canaccord Genuity Group reduced their price target on BlackSky Technology from $27.00 to $26.00 and set a “buy” rating for the company in a report on Friday, February 27th. Wall Street Zen cut BlackSky Technology from a “hold” rating to a “strong sell” rating in a report on Saturday, May 16th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of BlackSky Technology in a report on Monday, April 20th.

BlackSky Technology Stock Down 9.9%

Shares of BlackSky Technology stock opened at $32.42 on Tuesday. BlackSky Technology has a one year low of $10.80 and a one year high of $52.88. The company has a market cap of $1.20 billion, a P/E ratio of -12.71 and a beta of 2.52. The company has a debt-to-equity ratio of 2.39, a quick ratio of 3.34 and a current ratio of 3.46. The firm has a fifty day moving average of $38.29 and a two-hundred day moving average of $27.88.

BlackSky Technology (NYSE:BKSY) last released its earnings results on Thursday, May 7th. The company reported ($0.82) EPS for the quarter, missing the consensus estimate of ($0.37) by ($0.45). BlackSky Technology had a negative return on equity of 74.25% and a negative net margin of 89.07%.The firm had revenue of $20.77 million during the quarter, compared to analyst estimates of $27.60 million. On average, analysts forecast that BlackSky Technology will post -1.32 earnings per share for the current year.

Institutional Trading of BlackSky Technology

Hedge funds have recently modified their holdings of the business. Arax Advisory Partners increased its holdings in shares of BlackSky Technology by 15.2% in the 4th quarter. Arax Advisory Partners now owns 5,985 shares of the company’s stock valued at $112,000 after purchasing an additional 791 shares in the last quarter. IFP Advisors Inc increased its holdings in shares of BlackSky Technology by 57.9% in the 3rd quarter. IFP Advisors Inc now owns 2,253 shares of the company’s stock valued at $45,000 after purchasing an additional 826 shares in the last quarter. Legal & General Group Plc increased its holdings in shares of BlackSky Technology by 40.5% in the 2nd quarter. Legal & General Group Plc now owns 3,118 shares of the company’s stock valued at $64,000 after purchasing an additional 899 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of BlackSky Technology by 7.2% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 15,174 shares of the company’s stock valued at $117,000 after purchasing an additional 1,015 shares in the last quarter. Finally, Quarry LP purchased a new position in shares of BlackSky Technology in the 4th quarter valued at about $26,000. 27.15% of the stock is owned by institutional investors and hedge funds.

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.