BlackSky Technology (NYSE:BKSY) Stock Rating Upgraded by Wall Street Zen

BlackSky Technology (NYSE:BKSY) was upgraded by Wall Street Zen from a “strong sell” rating to a “sell” rating in a research report issued on Saturday.

A number of other research firms also recently weighed in on BKSY. Jefferies Financial Group upgraded BlackSky Technology to a “hold” rating in a research note on Wednesday, June 10th. Clear Str upgraded BlackSky Technology from a “hold” rating to a “strong-buy” rating in a research report on Monday, August 10th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of BlackSky Technology in a report on Friday, July 17th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $39.33.

BlackSky Technology Trading Up 0.3%

NYSE BKSY opened at $31.00 on Friday. The stock has a market capitalization of $1.27 billion, a P/E ratio of -17.03 and a beta of 2.61. BlackSky Technology has a 52-week low of $12.41 and a 52-week high of $52.88. The firm has a 50-day moving average price of $26.79 and a 200 day moving average price of $29.47. The company has a quick ratio of 5.72, a current ratio of 5.83 and a debt-to-equity ratio of 0.94.

BlackSky Technology (NYSE:BKSY) last announced its quarterly earnings data on Thursday, August 6th. The company reported ($0.54) EPS for the quarter, missing analysts’ consensus estimates of ($0.38) by ($0.16). BlackSky Technology had a negative net margin of 61.24% and a negative return on equity of 51.24%. The firm had revenue of $33.32 million during the quarter, compared to analyst estimates of $30.72 million. Equities research analysts expect that BlackSky Technology will post -1.27 EPS for the current year.

Institutional Investors Weigh In On BlackSky Technology

Institutional investors have recently modified their holdings of the company. Quarry LP acquired a new stake in shares of BlackSky Technology in the 4th quarter worth approximately $26,000. Strive Financial Group LLC acquired a new position in BlackSky Technology during the fourth quarter worth $26,000. Global Retirement Partners LLC purchased a new stake in BlackSky Technology during the fourth quarter worth $28,000. Wexford Capital LP purchased a new stake in BlackSky Technology during the third quarter worth $30,000. Finally, IFP Advisors Inc grew its holdings in BlackSky Technology by 57.9% in the third quarter. IFP Advisors Inc now owns 2,253 shares of the company’s stock valued at $45,000 after purchasing an additional 826 shares during the last quarter. Hedge funds and other institutional investors own 27.15% of the company’s stock.

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.