BlackSky Technology Inc. (NYSE:BKSY) Receives Average Recommendation of "Buy" from Analysts

Key Points

• BlackSky Technology Inc. has received an average recommendation of "Buy" from six research firms, with an average 12-month price target of $23.50.
• Despite reporting a revenue of $22.20 million, the company missed analysts' EPS estimates, resulting in a net margin of -82.04%.
• Insider trading activity includes CEO Brian E. O'toole selling 33,292 shares, reducing his stake by 4.25%, while institutional investors now hold 27.15% of the company's stock.

BlackSky Technology Inc. (NYSE:BKSY - Get Free Report) has earned a consensus rating of "Buy" from the six research firms that are currently covering the stock, Marketbeat reports. Six investment analysts have rated the stock with a buy rating. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $23.50.

A number of brokerages have issued reports on BKSY. Lake Street Capital upped their price objective on BlackSky Technology from $18.00 to $28.00 and gave the company a "buy" rating in a research note on Thursday, July 24th. Canaccord Genuity Group cut their price target on BlackSky Technology from $28.00 to $27.00 and set a "buy" rating for the company in a research note on Tuesday, July 22nd. Wall Street Zen downgraded BlackSky Technology from a "hold" rating to a "strong sell" rating in a research note on Saturday, August 9th. Finally, HC Wainwright increased their price target on BlackSky Technology from $20.00 to $28.00 and gave the stock a "buy" rating in a research note on Monday, July 21st.

BlackSky Technology Stock Up 10.9%

Shares of NYSE:BKSY opened at $22.36 on Thursday. The company has a market capitalization of $792.97 million, a PE ratio of -6.65 and a beta of 2.22. The company has a debt-to-equity ratio of 1.35, a current ratio of 3.71 and a quick ratio of 3.71. The business has a fifty day moving average price of $18.43 and a two-hundred day moving average price of $14.61. BlackSky Technology has a 1 year low of $4.60 and a 1 year high of $28.85.

BlackSky Technology (NYSE:BKSY - Get Free Report) last announced its quarterly earnings data on Thursday, August 7th. The company reported ($0.52) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.49) by ($0.03). The business had revenue of $22.20 million during the quarter, compared to the consensus estimate of $22.17 million. BlackSky Technology had a negative net margin of 82.04% and a negative return on equity of 52.27%. BlackSky Technology has set its FY 2025 guidance at EPS. Analysts forecast that BlackSky Technology will post -2.28 earnings per share for the current year.

Insider Transactions at BlackSky Technology

In other news, CEO Brian E. O'toole sold 33,292 shares of the stock in a transaction on Wednesday, September 10th. The stock was sold at an average price of $17.45, for a total transaction of $580,945.40. Following the completion of the transaction, the chief executive officer owned 750,164 shares in the company, valued at approximately $13,090,361.80. This represents a 4.25% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Henry Edward Dubois sold 31,646 shares of the stock in a transaction on Wednesday, September 10th. The stock was sold at an average price of $17.45, for a total value of $552,222.70. Following the transaction, the chief financial officer owned 474,582 shares of the company's stock, valued at $8,281,455.90. The trade was a 6.25% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 89,694 shares of company stock worth $1,565,160. 3.80% of the stock is owned by company insiders.

Institutional Trading of BlackSky Technology

Institutional investors have recently added to or reduced their stakes in the stock. Two Sigma Investments LP purchased a new stake in BlackSky Technology during the 4th quarter worth about $1,219,000. Oppenheimer & Co. Inc. lifted its holdings in BlackSky Technology by 215.3% during the 1st quarter. Oppenheimer & Co. Inc. now owns 80,638 shares of the company's stock worth $623,000 after purchasing an additional 55,067 shares in the last quarter. Nuveen Asset Management LLC lifted its holdings in BlackSky Technology by 20.5% during the 4th quarter. Nuveen Asset Management LLC now owns 72,890 shares of the company's stock worth $786,000 after purchasing an additional 12,378 shares in the last quarter. Bank of America Corp DE lifted its holdings in BlackSky Technology by 194.0% during the 4th quarter. Bank of America Corp DE now owns 23,163 shares of the company's stock worth $250,000 after purchasing an additional 15,285 shares in the last quarter. Finally, Brown Advisory Inc. purchased a new stake in BlackSky Technology during the 1st quarter worth about $98,000. Hedge funds and other institutional investors own 27.15% of the company's stock.

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.

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