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

BlackSky Technology Inc. (NYSE:BKSY) has been assigned an average recommendation of “Hold” from the five brokerages that are presently covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, one has issued a hold recommendation and three have issued a buy recommendation on the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $36.50.

A number of equities analysts have weighed in on BKSY shares. HC Wainwright reiterated a “buy” rating and issued a $42.00 price target on shares of BlackSky Technology in a research report on Friday, February 27th. Canaccord Genuity Group dropped their price target on shares of BlackSky Technology from $27.00 to $26.00 and set a “buy” rating for the company in a research report on Friday, February 27th. Jefferies Financial Group upgraded shares of BlackSky Technology to a “hold” rating in a research report on Wednesday. Wall Street Zen lowered shares of BlackSky Technology from a “hold” rating to a “strong sell” rating in a research report on Saturday, May 16th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of BlackSky Technology in a research report on Monday, April 20th.

Hedge Funds Weigh In On BlackSky Technology

A number of hedge funds have recently modified their holdings of the company. Quarry LP bought a new position in shares of BlackSky Technology during the fourth quarter worth $26,000. Strive Financial Group LLC bought a new position in shares of BlackSky Technology during the fourth quarter worth $26,000. Wexford Capital LP bought a new position in shares of BlackSky Technology during the third quarter worth $30,000. Global Retirement Partners LLC bought a new position in shares of BlackSky Technology during the fourth quarter worth $28,000. Finally, Fifth Third Bancorp bought a new position in shares of BlackSky Technology during the first quarter worth $48,000. 27.15% of the stock is currently owned by institutional investors.

BlackSky Technology Stock Performance

BKSY opened at $32.42 on Tuesday. The firm has a market cap of $1.20 billion, a P/E ratio of -12.71 and a beta of 2.52. BlackSky Technology has a 1-year low of $10.80 and a 1-year high of $52.88. The company has a 50 day simple moving average of $38.29 and a two-hundred day simple moving average of $27.88. 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 posted its quarterly earnings results on Thursday, May 7th. The company reported ($0.82) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.37) by ($0.45). The firm had revenue of $20.77 million during the quarter, compared to the consensus estimate of $27.60 million. BlackSky Technology had a negative return on equity of 74.25% and a negative net margin of 89.07%. Equities analysts forecast that BlackSky Technology will post -1.32 earnings per share for the current fiscal year.

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.