BlackSky Technology Inc. (NYSE:BKSY) Receives Average Rating of "Buy" from Brokerages

BlackSky Technology Inc. (NYSE:BKSY - Get Free Report) has been assigned an average rating of "Buy" from the six analysts that are covering the company, Marketbeat Ratings reports. Six analysts have rated the stock with a buy recommendation. The average twelve-month price target among brokers that have covered the stock in the last year is $20.33.

BKSY has been the topic of a number of recent research reports. Canaccord Genuity Group began coverage on shares of BlackSky Technology in a research note on Thursday, April 10th. They set a "buy" rating and a $12.00 price objective on the stock. Benchmark raised their price target on shares of BlackSky Technology from $17.00 to $18.00 and gave the stock a "buy" rating in a report on Tuesday, May 13th. Finally, HC Wainwright reiterated a "buy" rating and issued a $20.00 price objective on shares of BlackSky Technology in a research note on Friday, March 7th.

BlackSky Technology Stock Up 16.5%

BKSY opened at $16.57 on Tuesday. The company has a debt-to-equity ratio of 1.26, a quick ratio of 3.79 and a current ratio of 3.79. BlackSky Technology has a fifty-two week low of $3.86 and a fifty-two week high of $21.92. The firm's fifty day moving average is $10.58 and its 200 day moving average is $11.25. The stock has a market cap of $524.44 million, a price-to-earnings ratio of -6.45 and a beta of 1.85.

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

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Rhumbline Advisers raised its stake in shares of BlackSky Technology by 12.2% during the first quarter. Rhumbline Advisers now owns 35,295 shares of the company's stock valued at $273,000 after purchasing an additional 3,849 shares during the period. Goldman Sachs Group Inc. increased its stake in shares of BlackSky Technology by 343.7% in the first quarter. Goldman Sachs Group Inc. now owns 557,729 shares of the company's stock worth $4,311,000 after buying an additional 432,023 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of BlackSky Technology by 7.2% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 15,174 shares of the company's stock worth $117,000 after buying an additional 1,015 shares during the last quarter. AQR Capital Management LLC bought a new stake in shares of BlackSky Technology in the first quarter worth $103,000. Finally, Cubist Systematic Strategies LLC bought a new stake in shares of BlackSky Technology in the first quarter worth $1,728,000. 27.15% of the stock is owned by institutional investors and hedge funds.

About BlackSky Technology

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.

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