Brokerages Set BlackSky Technology Inc. (NYSE:BKSY) PT at $36.50

Shares of BlackSky Technology Inc. (NYSE:BKSY) have received an average rating of “Hold” from the five ratings firms that are presently covering the stock, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, one has given a hold recommendation and three have given a buy recommendation to the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $36.50.

Several equities research analysts have recently weighed in on BKSY shares. Wall Street Zen lowered BlackSky Technology from a “hold” rating to a “strong sell” rating in a research report on Saturday, May 16th. Jefferies Financial Group raised shares of BlackSky Technology to a “hold” rating in a report on Wednesday, June 10th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of BlackSky Technology in a research report on Monday, April 20th.

BlackSky Technology Stock Down 2.0%

Shares of BKSY traded down $0.52 during midday trading on Friday, reaching $25.03. The stock had a trading volume of 1,423,493 shares, compared to its average volume of 1,687,336. The company has a market cap of $928.75 million, a price-to-earnings ratio of -9.81 and a beta of 2.59. The company’s fifty day simple moving average is $35.47 and its two-hundred day simple moving average is $29.21. BlackSky Technology has a 1-year low of $12.41 and a 1-year high of $52.88. The company has a debt-to-equity ratio of 2.39, a current ratio of 3.46 and a quick ratio of 3.34.

BlackSky Technology (NYSE:BKSY) last issued its earnings results on Thursday, May 7th. The company reported ($0.82) EPS for the quarter, missing analysts’ consensus estimates of ($0.37) by ($0.45). BlackSky Technology had a negative return on equity of 74.25% and a negative net margin of 89.07%.The firm had revenue of $20.77 million for the quarter, compared to analyst estimates of $27.60 million. Equities research analysts expect that BlackSky Technology will post -1.32 earnings per share for the current year.

Institutional Trading of BlackSky Technology

Several institutional investors and hedge funds have recently made changes to their positions in the company. Quarry LP acquired a new stake in shares of BlackSky Technology in the 4th quarter valued at about $26,000. Strive Financial Group LLC acquired a new position in BlackSky Technology during the fourth quarter worth approximately $26,000. Wexford Capital LP purchased a new stake in BlackSky Technology in the third quarter valued at approximately $30,000. Global Retirement Partners LLC acquired a new stake in shares of BlackSky Technology in the fourth quarter valued at approximately $28,000. Finally, Fifth Third Bancorp purchased a new position in shares of BlackSky Technology during the first quarter worth approximately $48,000. 27.15% of the stock is owned by hedge funds and other institutional investors.

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.