BlackSky Technology (NYSE:BKSY) Announces Earnings Results, Misses Estimates By $0.11 EPS

BlackSky Technology (NYSE:BKSY) announced its earnings results on Thursday. The company reported ($0.39) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.28) by ($0.11), Zacks reports. BlackSky Technology had a negative return on equity of 49.91% and a negative net margin of 38.83%. BlackSky Technology updated its FY 2025 guidance to EPS.

BlackSky Technology Price Performance

NYSE:BKSY traded down $2.63 on Thursday, hitting $10.57. The company had a trading volume of 2,035,469 shares, compared to its average volume of 1,806,464. The stock has a market capitalization of $325.33 million, a price-to-earnings ratio of -4.71 and a beta of 1.20. The company has a current ratio of 5.68, a quick ratio of 5.68 and a debt-to-equity ratio of 0.89. The firm has a 50 day moving average of $13.72 and a two-hundred day moving average of $10.05. BlackSky Technology has a 52 week low of $3.86 and a 52 week high of $21.92.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the stock. HC Wainwright upped their price target on shares of BlackSky Technology from $12.00 to $20.00 and gave the stock a “buy” rating in a report on Monday, February 3rd. Oppenheimer upped their price target on shares of BlackSky Technology from $10.00 to $30.00 and gave the stock an “outperform” rating in a report on Wednesday, February 19th. Five equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of $23.20.

Insider Activity at BlackSky Technology

In other news, CFO Henry Edward Dubois sold 7,938 shares of the firm’s stock in a transaction on Tuesday, December 10th. The shares were sold at an average price of $10.65, for a total transaction of $84,539.70. Following the completion of the transaction, the chief financial officer now owns 420,779 shares of the company’s stock, valued at approximately $4,481,296.35. This trade represents a 1.85 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Christiana L. Lin sold 5,550 shares of the firm’s stock in a transaction on Tuesday, December 10th. The shares were sold at an average price of $10.65, for a total transaction of $59,107.50. Following the transaction, the chief accounting officer now directly owns 354,143 shares of the company’s stock, valued at $3,771,622.95. The trade was a 1.54 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 23,086 shares of company stock valued at $245,866 in the last quarter. Insiders own 4.50% of the company’s stock.

BlackSky Technology Company Profile

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.