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

Key Points

• Analyst consensus is “Moderate Buy”: Five analysts covering BlackSky Technology issued one sell, one hold, two buy, and one strong-buy rating, with an average 12-month price target of $39.33.
• Insiders have been net sellers: Executives sold 138,557 shares worth approximately $2.99 million over the past 90 days, while institutional investors and hedge funds own 27.15% of the company.
• Financial performance remains pressured: BlackSky reported a quarterly loss of $0.54 per share, missing estimates by $0.16, despite revenue of $33.32 million exceeding expectations; the stock opened at $21.86, well below its 52-week high of $52.88.

Shares of BlackSky Technology Inc. (NYSE:BKSY - Get Free Report) have been given an average recommendation of "Moderate Buy" by the five analysts that are covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, one has issued a hold recommendation, two have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $39.33.

A number of brokerages have recently commented on BKSY. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of BlackSky Technology in a research note on Friday, July 17th. Clear Str raised shares of BlackSky Technology from a "hold" rating to a "strong-buy" rating in a report on Monday, August 10th. Jefferies Financial Group upgraded shares of BlackSky Technology to a "hold" rating in a research report on Wednesday, June 10th. Finally, Wall Street Zen upgraded shares of BlackSky Technology from a "strong sell" rating to a "sell" rating in a research report on Saturday, August 15th.

Insider Transactions at BlackSky Technology

In related news, CFO Henry Dubois sold 4,000 shares of the company's stock in a transaction dated Monday, September 21st. The stock was sold at an average price of $22.97, for a total value of $91,880.00. Following the completion of the transaction, the chief financial officer owned 478,931 shares of the company's stock, valued at approximately $11,001,045.07. This represents a 0.83% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Christiana L. Lin sold 6,000 shares of the stock in a transaction that occurred on Monday, September 21st. The stock was sold at an average price of $23.10, for a total value of $138,600.00. Following the transaction, the chief accounting officer owned 421,680 shares in the company, valued at $9,740,808. This represents a 1.40% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 138,557 shares of company stock valued at $2,991,269 in the last ninety days. 5.20% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in BKSY. Tidal Investments LLC purchased a new position in shares of BlackSky Technology during the 2nd quarter valued at approximately $39,289,000. Integrated Wealth Concepts LLC purchased a new stake in BlackSky Technology in the 2nd quarter worth $216,000. Squarepoint Ops LLC acquired a new position in BlackSky Technology during the second quarter worth $1,127,000. Connective Capital Management LLC acquired a new position in BlackSky Technology during the second quarter worth $400,000. Finally, Arizona State Retirement System purchased a new position in BlackSky Technology during the second quarter valued at $236,000. 27.15% of the stock is owned by institutional investors and hedge funds.

BlackSky Technology Stock Performance

NYSE BKSY opened at $21.86 on Wednesday. The firm has a market capitalization of $894.43 million, a P/E ratio of -12.01 and a beta of 2.61. The stock has a 50-day simple moving average of $24.17 and a two-hundred day simple moving average of $29.69. The company has a debt-to-equity ratio of 0.94, a quick ratio of 5.72 and a current ratio of 5.83. BlackSky Technology has a fifty-two week low of $12.41 and a fifty-two week high of $52.88.

BlackSky Technology (NYSE:BKSY - Get Free Report) last posted its earnings results on Thursday, August 6th. The company reported ($0.54) EPS for the quarter, missing the consensus estimate of ($0.38) by ($0.16). BlackSky Technology had a negative return on equity of 51.24% and a negative net margin of 61.24%.The company had revenue of $33.32 million for the quarter, compared to analyst estimates of $30.72 million. On average, equities analysts forecast that BlackSky Technology will post -1.09 earnings per share for the current year.

About BlackSky Technology

BlackSky Technology Inc is a space-based intelligence and geospatial analytics company that provides timely Earth-observation data and analysis to government and commercial customers. The company operates a satellite constellation designed to collect high-resolution imagery and support persistent monitoring of locations and activities around the world.

BlackSky's offerings include satellite imagery, automated change detection, geospatial intelligence, and artificial intelligence-powered analytics.

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