BlackSky Technology (NYSE:BKSY) Stock Rating Raised to Hold at Wall Street Zen

Wall Street Zen upgraded shares of BlackSky Technology (NYSE:BKSY) from a sell rating to a hold rating in a research note published on Saturday morning,Wall Street Zen reports.

A number of other analysts have also recently weighed in on the stock. Clear Str raised shares of BlackSky Technology from a “hold” rating to a “strong-buy” rating in a report on Monday, August 10th. Weiss Ratings reissued a “sell (d-)” rating on shares of BlackSky Technology in a research note on Thursday, October 15th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $39.33.

BlackSky Technology Price Performance

Shares of BKSY opened at $21.24 on Friday. The company has a market cap of $869.06 million, a P/E ratio of -16.59 and a beta of 2.84. The stock has a fifty day moving average price of $20.39 and a 200 day moving average price of $26.97. The company has a debt-to-equity ratio of 0.94, a current ratio of 5.83 and a quick ratio of 5.72. BlackSky Technology has a 12 month low of $12.41 and a 12 month high of $52.88.

BlackSky Technology (NYSE:BKSY) last posted its earnings results on Thursday, November 5th. The company reported $0.10 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.23) by $0.33. BlackSky Technology had a negative return on equity of 35.72% and a negative net margin of 24.86%. The company had revenue of $42.84 million for the quarter, compared to analysts’ expectations of $39.64 million. On average, research analysts forecast that BlackSky Technology will post -1.09 earnings per share for the current year.

Insider Activity at BlackSky Technology

In other BlackSky Technology news, CEO Brian E. O’toole sold 20,000 shares of the business’s stock in a transaction on Tuesday, October 20th. The stock was sold at an average price of $16.86, for a total transaction of $337,200.00. Following the completion of the transaction, the chief executive officer owned 1,023,396 shares in the company, valued at approximately $17,254,456.56. The trade was a 1.92% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Christiana L. Lin sold 6,000 shares of the business’s stock in a transaction on Tuesday, October 20th. The stock was sold at an average price of $16.86, for a total value of $101,160.00. Following the transaction, the chief accounting officer owned 415,680 shares of the company’s stock, valued at $7,008,364.80. This trade represents a 1.42% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 168,557 shares of company stock worth $3,497,029 in the last three months. 5.20% of the stock is owned by company insiders.

Institutional Investors Weigh In On BlackSky Technology

A number of hedge funds and other institutional investors have recently modified their holdings of BKSY. Tema ETFs LLC lifted its holdings in BlackSky Technology by 110,505.8% in 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 during the period. Tidal Investments LLC acquired a new position in BlackSky Technology during the 2nd quarter valued at about $39,289,000. AWM Investment Company Inc. bought a new stake in shares of BlackSky Technology during the 2nd quarter worth about $33,504,000. Bank of America Corp DE raised its position in shares of BlackSky Technology by 156.1% during the 1st 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. Finally, Oppenheimer & Co. Inc. raised its position in shares of BlackSky Technology by 66.0% during the 3rd quarter. Oppenheimer & Co. Inc. now owns 297,939 shares of the company’s stock worth $6,349,000 after buying an additional 118,421 shares in the last quarter. 27.15% of the stock is currently owned by institutional investors.

Trending Headlines about BlackSky Technology

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

• Positive Sentiment: BlackSky reported Q3 2026 EPS of $0.10, versus analysts’ consensus estimate of a $0.23 loss, and revenue of $42.84 million, above the $39.64 million estimate. The results likely supported the positive stock reaction. BlackSky shares gap up on better-than-expected earnings BlackSky Q3 2026 earnings call highlights
• Positive Sentiment: Sidoti raised its EPS forecasts for Q4 2027, Q2 2028 and Q3 2028, including lifting its Q3 2028 estimate to $0.15 from $0.11. Higher future earnings expectations may bolster confidence in BlackSky’s path toward profitability.
• Neutral Sentiment: Wall Street Zen raised its rating on BlackSky to Hold. This is an improvement in the firm’s view, but a Hold rating is not an outright bullish recommendation. BlackSky raised to Hold at Wall Street Zen
• Negative Sentiment: Despite the higher estimates for later quarters, the full-year EPS consensus remains a loss of $1.09, underscoring that BlackSky is still expected to be unprofitable for the year.

About BlackSky Technology

BlackSky Technology Inc is a space-based intelligence and geospatial analytics company that provides high-frequency monitoring of activity and changes on Earth. The company combines satellite imagery, artificial intelligence and machine learning, and other data sources to help customers identify and analyze events and locations of interest.

BlackSky operates a constellation of Earth-observation satellites and delivers imagery, alerts, and analytical products through its Spectra platform.