BlackSky Technology Inc. (NYSE:BKSY) Given Consensus Recommendation of "Moderate Buy" by Analysts

Key Points

• Moderate Buy consensus from six analysts (five buys, one sell) with an average 12‑month target of $27.40; shares trade around $27 and the company has a market cap near $999 million.
• BlackSky reported Q4 EPS of ($0.19), beating estimates by $0.06 but missing revenue at $35.21M, and remains unprofitable (net margin -65.93%, negative ROE) with analysts forecasting about -2.28 EPS for the year.

Shares of BlackSky Technology Inc. (NYSE:BKSY - Get Free Report) have been given a consensus recommendation of "Moderate Buy" by the six ratings firms that are covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation and five have given a buy recommendation to the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $27.40.

Several research analysts have recently commented on BKSY shares. Jefferies Financial Group assumed coverage on BlackSky Technology in a report on Monday, December 22nd. They issued a "buy" rating and a $23.00 price objective on the stock. Weiss Ratings restated a "sell (d-)" rating on shares of BlackSky Technology in a report on Wednesday, January 21st. HC Wainwright restated a "buy" rating and set a $42.00 price target on shares of BlackSky Technology in a research report on Friday, February 27th. Canaccord Genuity Group decreased their price target on BlackSky Technology from $27.00 to $26.00 and set a "buy" rating on the stock in a research note on Friday, February 27th. Finally, Wall Street Zen upgraded BlackSky Technology from a "strong sell" rating to a "hold" rating in a research report on Saturday, March 21st.

Institutional Investors Weigh In On BlackSky Technology

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

BlackSky Technology Trading Up 6.2%

Shares of BKSY opened at $27.01 on Thursday. BlackSky Technology has a fifty-two week low of $6.15 and a fifty-two week high of $33.20. The firm has a market cap of $999.17 million, a price-to-earnings ratio of -12.56 and a beta of 2.44. The firm has a 50 day moving average price of $23.70 and a 200-day moving average price of $21.65. The company has a debt-to-equity ratio of 2.04, a quick ratio of 3.37 and a current ratio of 3.48.

BlackSky Technology (NYSE:BKSY - Get Free Report) last issued its earnings results on Thursday, February 26th. The company reported ($0.19) EPS for the quarter, topping analysts' consensus estimates of ($0.25) by $0.06. The company had revenue of $35.21 million for the quarter, compared to analysts' expectations of $37.13 million. BlackSky Technology had a negative net margin of 65.93% and a negative return on equity of 53.94%. As a group, equities research analysts forecast that BlackSky Technology will post -2.28 earnings per share for the current year.

About BlackSky Technology

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.

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