Shares of BlackSky Technology Inc. (NYSE:BKSY – Get Free Report) have been given an average rating of “Moderate Buy” by the five brokerages that are covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, one has given a hold recommendation, two have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $39.3333.
Several research analysts have weighed in on the company. Weiss Ratings reiterated a “sell (d-)” rating on shares of BlackSky Technology in a research note on Friday, July 17th. Wall Street Zen cut BlackSky Technology from a “hold” rating to a “strong sell” rating in a research note on Saturday, May 16th. Jefferies Financial Group raised BlackSky Technology to a “hold” rating in a report on Wednesday, June 10th. Finally, Clear Str upgraded shares of BlackSky Technology from a “hold” rating to a “strong-buy” rating in a research report on Monday.
Check Out Our Latest Stock Report on BlackSky Technology
BlackSky Technology Price Performance
BlackSky Technology (NYSE:BKSY – Get Free Report) last issued its quarterly earnings results on Thursday, August 6th. The company reported ($0.54) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.38) by ($0.16). The company had revenue of $33.32 million during the quarter, compared to analyst estimates of $30.72 million. BlackSky Technology had a negative net margin of 61.24% and a negative return on equity of 68.90%. On average, equities research analysts anticipate that BlackSky Technology will post -1.32 earnings per share for the current year.
Institutional Trading of BlackSky Technology
Several hedge funds have recently made changes to their positions in the company. Tema ETFs LLC increased its stake in shares of BlackSky Technology by 110,505.8% during the second quarter. Tema ETFs LLC now owns 1,446,724 shares of the company’s stock worth $40,393,000 after acquiring an additional 1,445,416 shares during the period. FNY Investment Advisers LLC lifted its position in BlackSky Technology by 323.0% in the second quarter. FNY Investment Advisers LLC now owns 21,891 shares of the company’s stock valued at $611,000 after purchasing an additional 16,716 shares during the period. Bank of America Corp DE boosted its holdings in BlackSky Technology by 156.1% in the 1st quarter. Bank of America Corp DE now owns 412,891 shares of the company’s stock valued at $10,388,000 after purchasing an additional 251,638 shares in the last quarter. The Manufacturers Life Insurance Company purchased a new stake in BlackSky Technology in the 1st quarter valued at approximately $217,000. Finally, Quantinno Capital Management LP acquired a new position in BlackSky Technology during the 1st quarter worth approximately $343,000. Institutional investors and hedge funds own 27.15% of the company’s stock.
Key Stories Impacting BlackSky Technology
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.
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