BlackSky Technology Inc. (NYSE:BKSY) Stock Has Average Price Target of $39.33

BlackSky Technology Inc. (NYSE:BKSY) has been given a consensus rating of “Moderate Buy” by the five brokerages that are presently covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, two have issued a buy rating and one has given a strong buy rating to the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $39.33.

Several analysts have recently weighed in on the company. Clear Str upgraded BlackSky Technology from a “hold” rating to a “strong-buy” rating in a research report on Monday, August 10th. Wall Street Zen upgraded shares of BlackSky Technology from a “strong sell” rating to a “sell” rating in a report on Saturday, August 15th. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of BlackSky Technology in a research note on Thursday, October 15th.

Trending Headlines about BlackSky Technology

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

• Positive Sentiment: BlackSky won an expanded, seven-figure Gen-3 Assured contract with an international defense partner. The agreement supports demand for BlackSky’s satellite imagery and analytics and could improve visibility into future revenue, although the customer and exact contract value were not disclosed. BlackSky Wins Expanded Seven-Figure Gen-3 Assured Contract with International Defense Partner
• Neutral Sentiment: Analyst commentary comparing BlackSky with Planet Labs highlights growing demand for satellite imagery and AI-driven analytics. The comparison reportedly favors Planet Labs on financial strength and growth prospects, limiting the bullish read-through for BKSY. Planet Labs vs. BlackSky: Which Space Stock Is the Better Pick?
• Negative Sentiment: BlackSky insiders sold a combined 30,000 shares worth approximately $505,760: CEO Brian O’Toole sold 20,000 shares, CFO Henry Dubois sold 4,000, and Chief Accounting Officer Christiana Lin sold 6,000. The transactions were conducted under pre-arranged Rule 10b5-1 plans, and each executive retained a substantial stake, which reduces—but does not eliminate—the negative signal. BlackSky Technology Insider Sold Shares Worth $337,200, According to a Recent SEC Filing
• Negative Sentiment: BlackSky’s latest reported quarter showed a $0.54 loss per share, wider than the expected $0.38 loss. Although revenue exceeded forecasts, the company remains unprofitable, with a negative net margin and analysts expecting a full-year loss.

Insider Buying and Selling at BlackSky Technology

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

Institutional Investors Weigh In On BlackSky Technology

A number of institutional investors and hedge funds have recently bought and sold shares of BKSY. Sei Investments Co. lifted its holdings in shares of BlackSky Technology by 125.5% in the 1st quarter. Sei Investments Co. now owns 65,650 shares of the company’s stock worth $1,652,000 after buying an additional 36,541 shares during the period. Jasper Ridge Partners L.P. purchased a new position in shares of BlackSky Technology during the second quarter valued at $2,087,000. Tema ETFs LLC increased its stake 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 valued at $40,393,000 after buying an additional 1,445,416 shares during the period. Tidal Investments LLC bought a new stake in shares of BlackSky Technology in the second quarter valued at about $39,289,000. Finally, Bank of America Corp DE raised its holdings in shares of BlackSky Technology by 156.1% in the first quarter. Bank of America Corp DE now owns 412,891 shares of the company’s stock valued at $10,388,000 after acquiring an additional 251,638 shares in the last quarter. 27.15% of the stock is owned by institutional investors.

BlackSky Technology Price Performance

Shares of BKSY stock opened at $17.58 on Friday. BlackSky Technology has a 52-week low of $12.41 and a 52-week high of $52.88. 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 firm has a market capitalization of $719.38 million, a P/E ratio of -9.66 and a beta of 2.70. The stock has a 50 day moving average price of $21.96 and a 200 day moving average price of $28.84.

BlackSky Technology (NYSE:BKSY) last posted its quarterly earnings data 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). The business had revenue of $33.32 million for the quarter, compared to analysts’ expectations of $30.72 million. BlackSky Technology had a negative net margin of 61.24% and a negative return on equity of 51.24%. As a group, sell-side analysts predict that BlackSky Technology will post -1.09 earnings per share for the current 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.