BlackSky Technology (NYSE:BKSY) Trading Down 9.5% Following Analyst Downgrade

BlackSky Technology Inc. (NYSE:BKSY)’s share price fell 9.5% on Friday after Canaccord Genuity Group lowered their price target on the stock from $27.00 to $26.00. Canaccord Genuity Group currently has a buy rating on the stock. BlackSky Technology traded as low as $18.07 and last traded at $18.0850. 454,386 shares were traded during trading, a decline of 69% from the average session volume of 1,471,251 shares. The stock had previously closed at $19.99.

Several other research analysts also recently commented on the company. HC Wainwright restated a “buy” rating and set a $42.00 price objective on shares of BlackSky Technology in a report on Friday. Weiss Ratings restated a “sell (d-)” rating on shares of BlackSky Technology in a research note on Wednesday, January 21st. Finally, Jefferies Financial Group started coverage on BlackSky Technology in a report on Monday, December 22nd. They issued a “buy” rating and a $23.00 price objective for the company. Five equities research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to MarketBeat, BlackSky Technology has an average rating of “Moderate Buy” and a consensus price target of $27.40.

Trending Headlines about BlackSky Technology

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

• Positive Sentiment: Q4 EPS beat consensus (reported ($0.19) vs. est. ($0.25)), showing improved profitability metrics vs. last year — a supportive data point for the stock. MarketBeat EPS/press release
• Positive Sentiment: HC Wainwright reaffirmed a “buy” rating and kept a $42 price target, signaling continued analyst conviction and large upside vs. the current price. Benzinga note
• Positive Sentiment: Stonegate’s coverage update highlights adjusted EBITDA of $8.8M and improved adjusted EPS, suggesting improving underlying profitability trends that could support valuation if sustained. Newsfile Stonegate report
• Neutral Sentiment: Canaccord trimmed its price target modestly from $27 to $26 but left a “buy” rating — a small shift that still implies upside, so mixed for near-term sentiment. Benzinga/Canaccord note
• Neutral Sentiment: Company messaging and the earnings call emphasized a “strong finish” and Gen‑3 product progress (positive operational color, but requires execution). Yahoo Earnings Highlights
• Negative Sentiment: Revenue missed estimates ($35.21M vs. est. $37.13M), and FY26 revenue guidance ($120M–$145M) sits at or slightly below consensus — the top‑line weakness and conservative midpoint likely drove downward pressure. Zacks revenue coverage
• Negative Sentiment: Unusually high put option volume suggests traders are positioning for further downside, increasing near-term volatility and selling pressure. AmericanBankingNews options report
• Negative Sentiment: Analyst commentary and market writeups (e.g., Seeking Alpha) warn the shares may still be expensive relative to fundamentals, which can cap upside until revenue/growth visibility improves. Seeking Alpha valuation piece

Institutional Investors Weigh In On BlackSky Technology

A number of 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% in the fourth quarter. Bank of New York Mellon Corp now owns 2,072,543 shares of the company’s stock valued at $38,860,000 after purchasing 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 3rd quarter. Vanguard Group Inc. now owns 1,697,683 shares of the company’s stock valued at $34,208,000 after buying an additional 123,171 shares in the last quarter. State Street Corp grew its position in shares of BlackSky Technology by 63.3% in the 4th quarter. State Street Corp now owns 996,019 shares of the company’s stock worth $18,675,000 after buying an additional 386,207 shares during the last quarter. Daiwa Securities Group Inc. bought a new position in shares of BlackSky Technology during the 4th quarter worth approximately $16,395,000. Finally, Geode Capital Management LLC lifted its position in BlackSky Technology by 3.3% during the fourth quarter. Geode Capital Management LLC now owns 718,490 shares of the company’s stock valued at $13,474,000 after acquiring an additional 22,695 shares during the last quarter. 27.15% of the stock is currently owned by hedge funds and other institutional investors.

BlackSky Technology Trading Down 5.5%

The company has a market capitalization of $680.00 million, a price-to-earnings ratio of -8.79 and a beta of 2.43. The company has a quick ratio of 3.89, a current ratio of 3.89 and a debt-to-equity ratio of 2.08. The company’s 50 day simple moving average is $22.88 and its two-hundred day simple moving average is $20.71.

BlackSky Technology (NYSE:BKSY) last issued its quarterly earnings results on Thursday, February 26th. The company reported ($0.19) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.25) by $0.06. BlackSky Technology had a negative return on equity of 54.86% and a negative net margin of 65.93%.The business had revenue of $35.21 million for the quarter, compared to the consensus estimate of $37.13 million. As a group, research analysts anticipate that BlackSky Technology Inc. will post -2.28 earnings per share for the current fiscal year.

About BlackSky Technology

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.