BlackSky Technology Inc. (NYSE:BKSY) Receives $39.33 Average Price Target from Analysts

Shares of BlackSky Technology Inc. (NYSE:BKSY) have received an average recommendation of “Moderate Buy” from the five brokerages that are covering the company, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, two have given a buy rating and one has given a strong buy rating to the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $39.3333.

BKSY has been the topic of a number of research reports. Clear Str raised shares of BlackSky Technology from a “hold” rating to a “strong-buy” rating in a report on Monday, August 10th. Jefferies Financial Group raised BlackSky Technology to a “hold” rating in a research report on Wednesday, June 10th. Weiss Ratings restated a “sell (d-)” rating on shares of BlackSky Technology in a research note on Friday, July 17th. Finally, Wall Street Zen raised BlackSky Technology from a “strong sell” rating to a “sell” rating in a research report on Saturday.

Institutional Investors Weigh In On BlackSky Technology

Several institutional investors have recently added to or reduced their stakes in the business. Bank of New York Mellon Corp boosted its position in BlackSky Technology by 392.8% during the fourth quarter. Bank of New York Mellon Corp now owns 2,072,543 shares of the company’s stock worth $38,860,000 after purchasing an additional 1,652,014 shares during the period. Vanguard Group Inc. raised its position in shares of BlackSky Technology by 7.8% in the third quarter. Vanguard Group Inc. now owns 1,697,683 shares of the company’s stock valued at $34,208,000 after purchasing an additional 123,171 shares during the period. Tema ETFs LLC lifted its stake in shares of BlackSky Technology by 110,505.8% during the 2nd quarter. Tema ETFs LLC now owns 1,446,724 shares of the company’s stock valued at $40,393,000 after buying an additional 1,445,416 shares in the last quarter. AWM Investment Company Inc. bought a new position in BlackSky Technology in the 2nd quarter worth approximately $33,504,000. Finally, State Street Corp boosted its holdings in BlackSky Technology by 63.3% in the 4th quarter. State Street Corp now owns 996,019 shares of the company’s stock worth $18,675,000 after buying an additional 386,207 shares during the period. 27.15% of the stock is owned by hedge funds and other institutional investors.

BlackSky Technology Trading Down 0.1%

NYSE BKSY opened at $30.89 on Tuesday. The stock has a market capitalization of $1.26 billion, a price-to-earnings ratio of -16.97 and a beta of 2.61. The business’s fifty day moving average is $26.72 and its 200-day moving average is $29.50. 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 one year low of $12.41 and a one year high of $52.88.

BlackSky Technology (NYSE:BKSY) last announced its quarterly earnings data on Thursday, August 6th. The company reported ($0.54) EPS for the quarter, missing the consensus estimate of ($0.38) by ($0.16). The company had revenue of $33.32 million during the quarter, compared to the consensus estimate of $30.72 million. BlackSky Technology had a negative return on equity of 51.24% and a negative net margin of 61.24%. Equities research analysts predict that BlackSky Technology will post -1.27 EPS 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.