BlackSky Technology Inc. (NYSE:BKSY) Given Consensus Rating of “Hold” by Analysts

Shares of BlackSky Technology Inc. (NYSE:BKSY) have earned a consensus recommendation of “Hold” from the five ratings firms that are covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the company. The average 12 month price objective among analysts that have covered the stock in the last year is $36.50.

BKSY has been the topic of a number of research analyst reports. Weiss Ratings reiterated a “sell (d-)” rating on shares of BlackSky Technology in a report on Monday, April 20th. Jefferies Financial Group raised BlackSky Technology to a “hold” rating in a research note on Wednesday, June 10th. Finally, Wall Street Zen lowered BlackSky Technology from a “hold” rating to a “strong sell” rating in a research report on Saturday, May 16th.

BlackSky Technology Stock Up 1.7%

Shares of NYSE:BKSY opened at $25.91 on Friday. The firm has a 50 day simple moving average of $35.71 and a 200 day simple moving average of $29.19. 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 2.39, a quick ratio of 3.34 and a current ratio of 3.46. The company has a market cap of $961.33 million, a PE ratio of -10.16 and a beta of 2.59.

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

Institutional Investors Weigh In On BlackSky Technology

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Quarry LP purchased a new position in shares of BlackSky Technology during the 4th quarter valued at $26,000. Strive Financial Group LLC acquired a new stake in BlackSky Technology during the fourth quarter valued at $26,000. Global Retirement Partners LLC purchased a new position in BlackSky Technology in the fourth quarter valued at about $28,000. Wexford Capital LP acquired a new position in BlackSky Technology in the 3rd quarter worth about $30,000. Finally, IFP Advisors Inc raised its stake in shares of BlackSky Technology by 57.9% during the 3rd quarter. IFP Advisors Inc now owns 2,253 shares of the company’s stock worth $45,000 after purchasing an additional 826 shares in the last quarter. Hedge funds and other institutional investors own 27.15% of the company’s stock.

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.