Research Analysts Offer Predictions for BKSY FY2024 Earnings

BlackSky Technology Inc. (NYSE:BKSY) – Stock analysts at HC Wainwright increased their FY2024 earnings per share (EPS) estimates for shares of BlackSky Technology in a note issued to investors on Wednesday, October 16th. HC Wainwright analyst S. Buck now anticipates that the company will post earnings of ($2.35) per share for the year, up from their prior forecast of ($2.72). HC Wainwright currently has a “Buy” rating and a $12.00 target price on the stock. The consensus estimate for BlackSky Technology’s current full-year earnings is ($2.52) per share. HC Wainwright also issued estimates for BlackSky Technology’s Q4 2024 earnings at ($0.31) EPS and FY2025 earnings at ($1.35) EPS.

Several other research analysts have also commented on the company. Craig Hallum raised BlackSky Technology from a “hold” rating to a “buy” rating and set a $10.00 price target for the company in a research report on Friday, October 4th. Oppenheimer initiated coverage on shares of BlackSky Technology in a report on Wednesday, October 2nd. They issued an “outperform” rating and a $10.00 price target on the stock. Finally, Lake Street Capital boosted their price objective on shares of BlackSky Technology from $4.00 to $32.00 and gave the stock a “buy” rating in a research note on Monday, September 30th. Five research analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock has a consensus rating of “Buy” and an average target price of $17.60.

BlackSky Technology Stock Performance

Shares of NYSE:BKSY opened at $6.07 on Friday. BlackSky Technology has a one year low of $3.86 and a one year high of $14.16. The firm has a market cap of $112.96 million, a PE ratio of -3.79 and a beta of 0.97. The firm’s 50 day simple moving average is $7.00 and its 200-day simple moving average is $8.36. The company has a debt-to-equity ratio of 1.41, a quick ratio of 4.19 and a current ratio of 4.19.

BlackSky Technology (NYSE:BKSY) last posted its earnings results on Thursday, August 8th. The company reported ($0.48) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.72) by $0.24. BlackSky Technology had a negative net margin of 26.78% and a negative return on equity of 56.91%. The firm had revenue of $24.94 million for the quarter, compared to the consensus estimate of $25.14 million. During the same period in the previous year, the firm posted ($1.92) EPS.

Insider Transactions at BlackSky Technology

In other BlackSky Technology news, CAO Christiana L. Lin sold 13,031 shares of the business’s stock in a transaction that occurred on Tuesday, September 10th. The stock was sold at an average price of $7.19, for a total value of $93,692.89. Following the completion of the transaction, the chief accounting officer now directly owns 190,775 shares of the company’s stock, valued at approximately $1,371,672.25. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other news, CAO Christiana L. Lin sold 13,031 shares of BlackSky Technology stock in a transaction dated Tuesday, September 10th. The shares were sold at an average price of $7.19, for a total value of $93,692.89. Following the sale, the chief accounting officer now owns 190,775 shares in the company, valued at $1,371,672.25. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Brian E. O’toole sold 24,352 shares of the stock in a transaction on Tuesday, September 10th. The shares were sold at an average price of $7.19, for a total value of $175,090.88. Following the completion of the transaction, the chief executive officer now directly owns 479,785 shares of the company’s stock, valued at approximately $3,449,654.15. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 62,362 shares of company stock worth $446,535 over the last three months. 4.50% of the stock is currently owned by insiders.

Hedge Funds Weigh In On BlackSky Technology

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. GSA Capital Partners LLP increased its position in shares of BlackSky Technology by 123.8% during the first quarter. GSA Capital Partners LLP now owns 315,900 shares of the company’s stock valued at $430,000 after acquiring an additional 174,773 shares during the last quarter. Vanguard Group Inc. grew its stake in BlackSky Technology by 17.8% during the 1st quarter. Vanguard Group Inc. now owns 5,291,909 shares of the company’s stock worth $7,197,000 after buying an additional 800,287 shares during the last quarter. Virtu Financial LLC increased its holdings in shares of BlackSky Technology by 134.5% in the 1st quarter. Virtu Financial LLC now owns 145,514 shares of the company’s stock valued at $198,000 after acquiring an additional 83,462 shares during the period. LA Financiere DE L Echiquier grew its holdings in shares of BlackSky Technology by 13.6% during the second quarter. LA Financiere DE L Echiquier now owns 933,000 shares of the company’s stock worth $998,000 after buying an additional 112,000 shares during the last quarter. Finally, Squarepoint Ops LLC purchased a new stake in shares of BlackSky Technology during the second quarter worth approximately $295,000. Institutional investors and hedge funds own 27.15% of the company’s stock.

About BlackSky Technology

BlackSky Technology Inc provides geospatial intelligence, imagery and related data analytic products and services, and mission systems that include the development, integration, and operation of satellite and ground systems for government and commercial customers in North America, the Middle East, the Asia Pacific, and internationally.