BlackSky Technology Inc. (NYSE:BKSY – Get Free Report) shares hit a new 52-week high on Monday . The company traded as high as $43.08 and last traded at $41.7030, with a volume of 1303375 shares changing hands. The stock had previously closed at $39.45.
Key BlackSky Technology News
Here are the key news stories impacting BlackSky Technology this week:
- Positive Sentiment: BlackSky won a seven-figure subscription contract with a new government customer for its newer and advanced Gen-2 mission applications, reinforcing demand for its geospatial intelligence services. BlackSky Wins Seven-Figure Subscription Contract with New Government Customer for New and Advanced Gen-2 Mission Applications
- Positive Sentiment: BlackSky also raised 2026 guidance, which investors view as evidence that demand for its Gen-3 services is improving and may support future revenue growth. A Look At BlackSky Technology’s Valuation As Raised 2026 Guidance Signals Growing Demand For Gen 3 Services
- Positive Sentiment: Sidoti lifted multiple earnings estimates for BlackSky across 2026-2028, signaling improved expectations for profitability over time.
- Neutral Sentiment: Recent commentary highlighted BlackSky’s strong stock performance over the past year and its breakout move in 2026, which can also make the shares more vulnerable to profit-taking after a big rally. This top UFO stock is up more than 100% in 2026
- Negative Sentiment: Some of the analyst revisions were mixed, including a higher FY2026 loss estimate and a lower Q2 2026 EPS forecast, which can temper enthusiasm despite longer-term optimism.
- Negative Sentiment: The company is still expected to post losses this year, and its recent earnings history showed a wider-than-expected miss on both EPS and revenue, keeping valuation scrutiny high.
Wall Street Analysts Forecast Growth
A number of equities research analysts recently weighed in on the stock. Canaccord Genuity Group decreased their price objective on shares of BlackSky Technology from $27.00 to $26.00 and set a “buy” rating for the company in a report on Friday, February 27th. Weiss Ratings reiterated a “sell (d-)” rating on shares of BlackSky Technology in a report on Monday, April 20th. HC Wainwright reiterated a “buy” rating and set a $42.00 price objective on shares of BlackSky Technology in a report on Friday, February 27th. Finally, Wall Street Zen upgraded shares of BlackSky Technology from a “strong sell” rating to a “hold” rating in a report on Saturday, March 21st. Four research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, BlackSky Technology has a consensus rating of “Moderate Buy” and a consensus target price of $29.75.
BlackSky Technology Trading Up 2.5%
The company has a current ratio of 3.46, a quick ratio of 3.37 and a debt-to-equity ratio of 2.39. The business’s 50-day simple moving average is $30.88 and its 200 day simple moving average is $24.20.
BlackSky Technology (NYSE:BKSY – Get Free Report) last posted 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). The business had revenue of $20.77 million for the quarter, compared to analysts’ expectations of $27.60 million. BlackSky Technology had a negative net margin of 89.07% and a negative return on equity of 74.25%. On average, equities research analysts expect that BlackSky Technology Inc. will post -1.32 EPS for the current year.
Institutional Inflows and Outflows
A number of institutional investors have recently added to or reduced their stakes in BKSY. Round Rock Advisors LLC purchased a new position in shares of BlackSky Technology in the 4th quarter worth approximately $681,000. LBP AM SA grew its position in shares of BlackSky Technology by 37.3% in the 4th quarter. LBP AM SA now owns 497,187 shares of the company’s stock worth $9,322,000 after buying an additional 135,013 shares during the last quarter. Divisadero Street Capital Management LP grew its position in shares of BlackSky Technology by 42.8% in the 3rd quarter. Divisadero Street Capital Management LP now owns 365,910 shares of the company’s stock worth $7,373,000 after buying an additional 109,610 shares during the last quarter. Principal Financial Group Inc. purchased a new position in shares of BlackSky Technology in the 3rd quarter worth approximately $1,310,000. Finally, Portolan Capital Management LLC purchased a new position in shares of BlackSky Technology in the 3rd quarter worth approximately $7,855,000. Hedge funds and other institutional investors own 27.15% of the company’s stock.
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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