BlackSky Technology Inc. (NYSE:BKSY) Given Average Rating of "Buy" by Brokerages

Shares of BlackSky Technology Inc. (NYSE:BKSY - Get Free Report) have been given a consensus recommendation of "Buy" by the six analysts that are currently covering the company, MarketBeat Ratings reports. Six investment analysts have rated the stock with a buy recommendation. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $21.67.

Several research firms have weighed in on BKSY. Benchmark upped their price target on BlackSky Technology from $17.00 to $18.00 and gave the stock a "buy" rating in a research note on Tuesday, May 13th. Canaccord Genuity Group raised their target price on shares of BlackSky Technology from $14.00 to $20.00 and gave the company a "buy" rating in a research note on Thursday. Finally, HC Wainwright reiterated a "buy" rating and issued a $20.00 price target on shares of BlackSky Technology in a research note on Friday, March 7th.

Hedge Funds Weigh In On BlackSky Technology

A number of large investors have recently bought and sold shares of the business. Nuveen LLC bought a new position in shares of BlackSky Technology in the 1st quarter worth $9,582,000. Mithril II GP LP bought a new position in BlackSky Technology in the fourth quarter worth about $11,116,000. Goldman Sachs Group Inc. lifted its position in shares of BlackSky Technology by 343.7% during the first quarter. Goldman Sachs Group Inc. now owns 557,729 shares of the company's stock valued at $4,311,000 after buying an additional 432,023 shares during the last quarter. Invesco Ltd. bought a new stake in shares of BlackSky Technology in the 4th quarter valued at about $3,868,000. Finally, Trexquant Investment LP grew its position in shares of BlackSky Technology by 2,309.8% in the 4th quarter. Trexquant Investment LP now owns 301,590 shares of the company's stock worth $3,254,000 after buying an additional 289,075 shares during the last quarter. Institutional investors own 27.15% of the company's stock.

BlackSky Technology Stock Performance

NYSE BKSY traded down $0.96 during trading hours on Tuesday, hitting $19.52. The company's stock had a trading volume of 3,804,249 shares, compared to its average volume of 1,431,257. The company has a debt-to-equity ratio of 1.26, a current ratio of 3.79 and a quick ratio of 3.79. BlackSky Technology has a 12 month low of $3.86 and a 12 month high of $21.92. The company has a market cap of $617.93 million, a P/E ratio of -7.60 and a beta of 1.85. The company's 50 day simple moving average is $11.26 and its two-hundred day simple moving average is $11.40.

BlackSky Technology (NYSE:BKSY - Get Free Report) last announced its earnings results on Thursday, May 8th. The company reported ($0.42) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.47) by $0.05. BlackSky Technology had a negative return on equity of 45.63% and a negative net margin of 50.30%. The business had revenue of $29.54 million for the quarter, compared to analysts' expectations of $27.20 million. As a group, sell-side analysts expect that BlackSky Technology will post -2.28 EPS for the current fiscal year.

BlackSky Technology Company Profile

BlackSky Technology Inc provides geospatial intelligence, imagery and related data analytic products and services, and mission systems that include the development, integration, and operation of satellite and ground systems for government and commercial customers in North America, the Middle East, the Asia Pacific, and internationally.