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

Key Points

• Analysts collectively rate BlackSky Technology “Moderate Buy,” with two buys, one strong buy, one hold and one sell among five analysts. The average 12-month price target is $39.33, compared with the stock’s opening price of $28.76.
• Institutional ownership increased, with major investors including Bank of New York Mellon, Vanguard, Tema ETFs and State Street expanding their positions; institutions and hedge funds own 27.15% of the company.
• BlackSky’s latest quarter showed mixed results: revenue of $33.32 million exceeded estimates, but the company reported an adjusted loss of $0.54 per share versus the expected $0.38 loss. Analysts still forecast a full-year loss, although some expect a potential return to profitability in fiscal 2027.

BlackSky Technology Inc. (NYSE:BKSY - Get Free Report) has earned a consensus recommendation of "Moderate Buy" from the five brokerages that are presently covering the firm, MarketBeat reports. One research analyst has rated the stock with a sell rating, one has given a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $39.3333.

Several equities research analysts have recently weighed in on the company. Jefferies Financial Group raised BlackSky Technology to a "hold" rating in a research report on Wednesday, June 10th. Clear Str upgraded shares of BlackSky Technology from a "hold" rating to a "strong-buy" rating in a research note on Monday. Wall Street Zen cut shares of BlackSky Technology from a "hold" rating to a "strong sell" rating in a report on Saturday, May 16th. Finally, Weiss Ratings reaffirmed a "sell (d-)" rating on shares of BlackSky Technology in a research report on Friday, July 17th.

Institutional Trading of BlackSky Technology

Several institutional investors and hedge funds have recently made changes to their positions in BKSY. Bank of New York Mellon Corp grew its stake in BlackSky Technology by 392.8% during the 4th quarter. Bank of New York Mellon Corp now owns 2,072,543 shares of the company's stock worth $38,860,000 after buying an additional 1,652,014 shares during the last quarter. Vanguard Group Inc. boosted its holdings in shares of BlackSky Technology by 7.8% in the third quarter. Vanguard Group Inc. now owns 1,697,683 shares of the company's stock valued at $34,208,000 after acquiring an additional 123,171 shares during the period. Tema ETFs LLC boosted its holdings in shares of BlackSky Technology by 110,505.8% in the second quarter. Tema ETFs LLC now owns 1,446,724 shares of the company's stock valued at $40,393,000 after acquiring an additional 1,445,416 shares during the period. State Street Corp grew its position in shares of BlackSky Technology by 63.3% during the fourth quarter. State Street Corp now owns 996,019 shares of the company's stock worth $18,675,000 after acquiring an additional 386,207 shares during the last quarter. Finally, Daiwa Securities Group Inc. purchased a new position in shares of BlackSky Technology during the fourth quarter worth approximately $16,395,000. 27.15% of the stock is owned by hedge funds and other institutional investors.

BlackSky Technology Stock Performance

Shares of BlackSky Technology stock opened at $28.76 on Tuesday. BlackSky Technology has a one year low of $12.41 and a one year high of $52.88. The business has a 50-day simple moving average of $27.43 and a 200-day simple moving average of $29.33. The company has a debt-to-equity ratio of 2.39, a quick ratio of 3.34 and a current ratio of 3.46. The company has a market cap of $1.18 billion, a PE ratio of -15.80 and a beta of 2.61.

BlackSky Technology (NYSE:BKSY - Get Free Report) last posted its quarterly earnings results on Thursday, August 6th. The company reported ($0.54) earnings per share for the quarter, missing analysts' consensus estimates of ($0.38) by ($0.16). The business had revenue of $33.32 million during the quarter, compared to analyst estimates of $30.72 million. BlackSky Technology had a negative net margin of 61.24% and a negative return on equity of 68.90%. On average, equities research analysts forecast that BlackSky Technology will post -1.32 EPS for the current fiscal year.

BlackSky Technology News Roundup

Here are the key news stories impacting BlackSky Technology this week:

• Positive Sentiment: Clear Street upgraded BKSY from “hold” to “strong buy,” a notable improvement in analyst sentiment that could attract additional investor interest. Zacks.com
• Positive Sentiment: Sidoti raised its FY2026 EPS forecast to a loss of $1.09 from a loss of $1.20 and improved estimates for both Q3 2026 and Q1 and Q2 2027. The revisions suggest expectations for a narrower near-term loss than previously projected.
• Positive Sentiment: Sidoti now expects BlackSky to earn $0.03 per share in FY2027, reversing its prior forecast for a $0.04 loss. Its estimates also call for positive EPS of $0.02 in Q3 2027, implying a potential move toward profitability. MarketBeat BlackSky analyst coverage
• Neutral Sentiment: Analysts still expect BlackSky to report a full-year loss of approximately $1.32 per share, indicating that the anticipated profitability improvement remains a forward-looking projection rather than current performance.
• Negative Sentiment: The company’s latest quarterly results included an EPS loss of $0.54, worse than the $0.38 consensus estimate, despite revenue of $33.32 million exceeding expectations. BlackSky also continues to report negative margins and return on equity, keeping execution and funding risks in focus.

BlackSky Technology Company Profile

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source