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

BlackSky Technology Inc. (NYSE:BKSY - Get Free Report) has been given a consensus recommendation of "Buy" by the six brokerages that are currently covering the firm, MarketBeat reports. Six equities research analysts have rated the stock with a buy rating. The average 12 month price objective among brokerages that have covered the stock in the last year is $24.17.

BKSY has been the subject of a number of research analyst reports. Benchmark upped their price objective on shares of BlackSky Technology from $17.00 to $18.00 and gave the stock a "buy" rating in a research report on Tuesday, May 13th. HC Wainwright increased their target price on shares of BlackSky Technology from $20.00 to $28.00 and gave the stock a "buy" rating in a research note on Monday. Finally, Canaccord Genuity Group dropped their price objective on shares of BlackSky Technology from $28.00 to $27.00 and set a "buy" rating on the stock in a research note on Tuesday.

Institutional Investors Weigh In On BlackSky Technology

Institutional investors have recently added to or reduced their stakes in the business. Bank of New York Mellon Corp increased its position in shares of BlackSky Technology by 89.1% in the fourth quarter. Bank of New York Mellon Corp now owns 56,298 shares of the company's stock valued at $607,000 after buying an additional 26,528 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in BlackSky Technology by 98.2% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 189,157 shares of the company's stock valued at $2,041,000 after buying an additional 93,715 shares in the last quarter. Farther Finance Advisors LLC purchased a new stake in BlackSky Technology in the 4th quarter valued at $44,000. Corebridge Financial Inc. lifted its stake in shares of BlackSky Technology by 73.0% in the 4th quarter. Corebridge Financial Inc. now owns 12,481 shares of the company's stock valued at $135,000 after purchasing an additional 5,266 shares during the last quarter. Finally, CIBC Private Wealth Group LLC acquired a new position in BlackSky Technology during the 4th quarter worth about $76,000. Institutional investors and hedge funds own 27.15% of the company's stock.

BlackSky Technology Price Performance

Shares of NYSE BKSY traded down $2.20 during mid-day trading on Friday, reaching $20.14. The company had a trading volume of 4,997,687 shares, compared to its average volume of 1,209,609. BlackSky Technology has a twelve month low of $3.86 and a twelve month high of $28.85. The stock's 50 day moving average is $16.02 and its 200-day moving average is $12.79. The company has a current ratio of 3.79, a quick ratio of 3.79 and a debt-to-equity ratio of 1.26.

BlackSky Technology (NYSE:BKSY - Get Free Report) last released its quarterly earnings results on Thursday, May 8th. The company reported ($0.42) earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 company had revenue of $29.54 million during the quarter, compared to analysts' expectations of $27.20 million. Equities analysts forecast that BlackSky Technology will post -2.28 EPS for the current 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.