BlackSky Technology (NYSE:BKSY) Shares Up 13.6% – Should You Buy?

BlackSky Technology Inc. (NYSE:BKSY) rose 13.6% on Thursday . The company traded as high as $28.52 and last traded at $28.6050. Approximately 301,737 shares traded hands during mid-day trading, a decline of 83% from the average daily volume of 1,803,011 shares. The stock had previously closed at $25.18.

BlackSky Technology News Roundup

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

• Positive Sentiment: Revenue exceeded expectations. BlackSky reported second-quarter 2026 revenue of $33.32 million, above the $30.72 million consensus estimate. The company said Gen-3 satellite imagery and growing subscription demand contributed to the performance. BlackSky Reports Second Quarter 2026 Results
• Positive Sentiment: BlackSky reaffirmed its 2026 revenue outlook. Management maintained its forecast for $130 million to $150 million in revenue, compared with the roughly $138 million analyst consensus. Reaffirmation reduces near-term execution uncertainty and indicates confidence in scaling Gen-3 imagery subscriptions. BlackSky reaffirms 2026 outlook
• Positive Sentiment: Adjusted loss was narrower than expected. Zacks reported a second-quarter loss of $0.32 per share, better than the $0.38 consensus estimate and the $0.52 loss recorded a year earlier. The improvement suggests some progress in operating performance despite the company remaining unprofitable. BlackSky Q2 loss and revenue estimates
• Neutral Sentiment: The earnings presentation highlighted Gen-3 capacity expansion and the transition toward recurring imagery subscriptions, which could support longer-term growth but will require continued execution. BlackSky 2026 Q2 earnings presentation
• Negative Sentiment: Profitability remains weak. The company’s reported GAAP EPS loss was $0.54, below the $0.38 consensus estimate, while its net margin and return on equity remained deeply negative. Investors may continue to discount the stock for ongoing losses and execution risk.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the company. Wall Street Zen downgraded BlackSky Technology from a “hold” rating to a “strong sell” rating in a research report on Saturday, May 16th. Weiss Ratings restated a “sell (d-)” rating on shares of BlackSky Technology in a research report on Friday, July 17th. Finally, Jefferies Financial Group upgraded BlackSky Technology to a “hold” rating in a research report on Wednesday, June 10th. Two equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $39.33.

BlackSky Technology Trading Up 5.0%

The company has a quick ratio of 3.34, a current ratio of 3.46 and a debt-to-equity ratio of 2.39. The company has a market cap of $1.19 billion, a price-to-earnings ratio of -16.04 and a beta of 2.61. The firm has a 50 day moving average price of $27.70 and a two-hundred day moving average price of $29.31.

BlackSky Technology (NYSE:BKSY) last posted its quarterly earnings data on Thursday, August 6th. The company reported ($0.54) EPS for the quarter, missing analysts’ consensus estimates of ($0.38) by ($0.16). BlackSky Technology had a negative return on equity of 68.90% and a negative net margin of 61.24%.The company had revenue of $33.32 million during the quarter, compared to analyst estimates of $30.72 million. As a group, equities analysts forecast that BlackSky Technology Inc. will post -1.32 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Quarry LP acquired a new stake in shares of BlackSky Technology during the fourth quarter worth $26,000. Strive Financial Group LLC acquired a new position in BlackSky Technology in the fourth quarter valued at $26,000. Wexford Capital LP bought a new stake in BlackSky Technology during the third quarter valued at $30,000. Global Retirement Partners LLC bought a new stake in BlackSky Technology during the fourth quarter valued at $28,000. Finally, Fifth Third Bancorp bought a new stake in BlackSky Technology during the first quarter valued at $48,000. Institutional investors and hedge funds 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.