BlackSky Technology (NYSE:BKSY) Raised to "Sell" at Wall Street Zen

BlackSky Technology (NYSE:BKSY - Get Free Report) was upgraded by stock analysts at Wall Street Zen from a "strong sell" rating to a "sell" rating in a research note issued on Saturday.

BKSY has been the topic of a number of other research reports. Weiss Ratings restated a "sell (d-)" rating on shares of BlackSky Technology in a research note on Friday, July 17th. Jefferies Financial Group raised BlackSky Technology to a "hold" rating in a research report on Wednesday, June 10th. Finally, Clear Str raised shares of BlackSky Technology from a "hold" rating to a "strong-buy" rating in a report on Monday, August 10th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, BlackSky Technology presently has an average rating of "Moderate Buy" and a consensus target price of $39.33.

BlackSky Technology Price Performance

BKSY opened at $31.00 on Friday. The company has a quick ratio of 3.34, a current ratio of 5.83 and a debt-to-equity ratio of 0.94. BlackSky Technology has a 52-week low of $12.41 and a 52-week high of $52.88. The company has a 50 day moving average of $26.79 and a two-hundred day moving average of $29.44. The company has a market cap of $1.27 billion, a P/E ratio of -17.03 and a beta of 2.61.

BlackSky Technology (NYSE:BKSY - Get Free Report) last issued its earnings results on Thursday, August 6th. The company reported ($0.54) EPS for the quarter, missing analysts' consensus estimates of ($0.38) by ($0.16). BlackSky Technology had a negative net margin of 61.24% and a negative return on equity of 51.24%. The business had revenue of $33.32 million during the quarter, compared to analysts' expectations of $30.72 million. On average, analysts expect that BlackSky Technology will post -1.27 earnings per share for the current year.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of BKSY. Arax Advisory Partners grew its position in shares of BlackSky Technology by 15.2% in the 4th quarter. Arax Advisory Partners now owns 5,985 shares of the company's stock worth $112,000 after acquiring an additional 791 shares in the last quarter. IFP Advisors Inc raised its position in shares of BlackSky Technology by 57.9% during the 3rd quarter. IFP Advisors Inc now owns 2,253 shares of the company's stock valued at $45,000 after acquiring an additional 826 shares in the last quarter. Legal & General Group Plc raised its position in shares of BlackSky Technology by 40.5% during the 2nd quarter. Legal & General Group Plc now owns 3,118 shares of the company's stock valued at $64,000 after acquiring an additional 899 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in BlackSky Technology by 7.2% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 15,174 shares of the company's stock worth $117,000 after purchasing an additional 1,015 shares during the last quarter. Finally, Quarry LP bought a new position in BlackSky Technology during the fourth quarter worth $26,000. Institutional investors own 27.15% of the company's stock.

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.

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