BlackSky Technology (NYSE:BKSY) Upgraded to Strong-Buy at Clear Str

Clear Str upgraded shares of BlackSky Technology (NYSE:BKSY) from a hold rating to a strong-buy rating in a research report sent to investors on Monday morning,Zacks.com reports.

A number of other brokerages also recently commented on BKSY. Jefferies Financial Group upgraded shares of BlackSky Technology to a “hold” rating in a research report on Wednesday, June 10th. Wall Street Zen lowered shares of BlackSky Technology from a “hold” rating to a “strong sell” rating in a research note on Saturday, May 16th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of BlackSky Technology in a research report on Friday, July 17th. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, BlackSky Technology presently has a consensus rating of “Moderate Buy” and an average price target of $39.33.

BlackSky Technology Stock Performance

Shares of BKSY stock opened at $28.76 on Monday. The stock’s 50-day moving average price is $27.43 and its 200 day moving average price is $29.33. The company has a quick ratio of 3.34, a current ratio of 3.46 and a debt-to-equity ratio of 2.39. The stock has a market capitalization of $1.18 billion, a PE ratio of -15.80 and a beta of 2.61. BlackSky Technology has a 52-week low of $12.41 and a 52-week high of $52.88.

BlackSky Technology (NYSE:BKSY) last issued its quarterly earnings results on Thursday, August 6th. The company reported ($0.54) earnings per share for the quarter, missing the consensus estimate of ($0.38) by ($0.16). BlackSky Technology had a negative return on equity of 68.90% 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. As a group, equities research analysts forecast that BlackSky Technology will post -1.32 EPS for the current year.

Institutional Trading of BlackSky Technology

Institutional investors have recently added to or reduced their stakes in the stock. Quarry LP purchased a new position in BlackSky Technology in the fourth quarter valued at about $26,000. Strive Financial Group LLC purchased a new stake in shares of BlackSky Technology during the 4th quarter worth approximately $26,000. Wexford Capital LP purchased a new stake in shares of BlackSky Technology during the 3rd quarter worth approximately $30,000. Global Retirement Partners LLC acquired a new stake in shares of BlackSky Technology in the 4th quarter worth approximately $28,000. Finally, Fifth Third Bancorp purchased a new position in BlackSky Technology in the 1st quarter valued at approximately $48,000. Hedge funds and other institutional investors own 27.15% of the company’s stock.

Key BlackSky Technology News

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

• Positive Sentiment: Clear Street upgraded BKSY from “hold” to “strong buy,” a notable improvement in analyst sentiment that could attract additional investor interest. Zacks.com
• Positive Sentiment: Sidoti raised its FY2026 EPS forecast to a loss of $1.09 from a loss of $1.20 and improved estimates for both Q3 2026 and Q1 and Q2 2027. The revisions suggest expectations for a narrower near-term loss than previously projected.
• Positive Sentiment: Sidoti now expects BlackSky to earn $0.03 per share in FY2027, reversing its prior forecast for a $0.04 loss. Its estimates also call for positive EPS of $0.02 in Q3 2027, implying a potential move toward profitability. MarketBeat BlackSky analyst coverage
• Neutral Sentiment: Analysts still expect BlackSky to report a full-year loss of approximately $1.32 per share, indicating that the anticipated profitability improvement remains a forward-looking projection rather than current performance.
• Negative Sentiment: The company’s latest quarterly results included an EPS loss of $0.54, worse than the $0.38 consensus estimate, despite revenue of $33.32 million exceeding expectations. BlackSky also continues to report negative margins and return on equity, keeping execution and funding risks in focus.

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.