Satellogic Inc. (NASDAQ:SATL) Receives Consensus Rating of “Moderate Buy” from Brokerages

Shares of Satellogic Inc. (NASDAQ:SATL) have been given a consensus rating of “Moderate Buy” by the eight ratings firms that are currently covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation, five have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $9.10.

A number of equities research analysts recently commented on SATL shares. Roth Mkm increased their price target on Satellogic from $10.00 to $15.00 and gave the stock a “buy” rating in a research report on Wednesday, May 27th. Northland Securities set a $11.00 price objective on Satellogic in a research report on Thursday, May 28th. Wall Street Zen lowered Satellogic from a “hold” rating to a “sell” rating in a research note on Saturday, June 27th. Cantor Fitzgerald reissued an “overweight” rating on shares of Satellogic in a research note on Monday, June 15th. Finally, Loop Capital set a $4.50 target price on Satellogic in a report on Wednesday, March 11th.

Satellogic Price Performance

NASDAQ:SATL opened at $5.43 on Friday. The firm has a market cap of $804.94 million, a PE ratio of -7.24 and a beta of 1.26. Satellogic has a 12 month low of $1.25 and a 12 month high of $12.00. The company has a quick ratio of 2.41, a current ratio of 2.44 and a debt-to-equity ratio of 0.93. The company’s 50-day moving average price is $7.38 and its two-hundred day moving average price is $5.16.

Satellogic (NASDAQ:SATL) last posted its quarterly earnings data on Tuesday, March 31st. The company reported ($0.84) earnings per share for the quarter. Satellogic had a negative return on equity of 100.03% and a negative net margin of 443.06%.The firm had revenue of $6.11 million for the quarter. On average, equities analysts anticipate that Satellogic will post -0.11 EPS for the current fiscal year.

Insider Activity

In other Satellogic news, Director Liberty 77 Capital L.P. sold 10,000,000 shares of the business’s stock in a transaction dated Tuesday, May 26th. The shares were sold at an average price of $9.77, for a total value of $97,700,000.00. Following the completion of the transaction, the director directly owned 10,000,000 shares of the company’s stock, valued at approximately $97,700,000. The trade was a 50.00% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CTO Alan Kharsansky sold 87,091 shares of the company’s stock in a transaction that occurred on Thursday, May 14th. The stock was sold at an average price of $8.35, for a total transaction of $727,209.85. Following the transaction, the chief technology officer owned 47,785 shares in the company, valued at $399,004.75. The trade was a 64.57% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 38.84% of the stock is owned by corporate insiders.

Institutional Trading of Satellogic

Several hedge funds have recently modified their holdings of SATL. Cantor Fitzgerald L. P. raised its position in Satellogic by 16.2% in the 4th quarter. Cantor Fitzgerald L. P. now owns 13,380,873 shares of the company’s stock worth $25,022,000 after purchasing an additional 1,863,696 shares during the last quarter. Alyeska Investment Group L.P. bought a new position in Satellogic in the 4th quarter valued at $16,830,000. Vanguard Group Inc. boosted its position in Satellogic by 44.4% in the 3rd quarter. Vanguard Group Inc. now owns 3,262,216 shares of the company’s stock valued at $10,700,000 after buying an additional 1,002,400 shares during the last quarter. Weiss Asset Management LP acquired a new stake in shares of Satellogic in the 4th quarter valued at $4,053,000. Finally, Geode Capital Management LLC increased its stake in shares of Satellogic by 34.5% in the 4th quarter. Geode Capital Management LLC now owns 1,807,737 shares of the company’s stock valued at $3,381,000 after buying an additional 463,811 shares during the period. 17.58% of the stock is owned by institutional investors.

About Satellogic

Satellogic Inc is a NewSpace company specializing in the design, manufacture and operation of a low‐Earth‐orbit (LEO) microsatellite constellation. The company’s satellites capture high‐resolution multispectral imagery, enabling detailed monitoring of agricultural, forestry, maritime, energy and infrastructure assets. Satellogic’s vertically integrated model covers end‐to‐end capabilities, from satellite development and deployment to data processing and analytics, allowing clients to access imagery and insights on demand.

Key offerings include geospatial data products, analytics services and software tools that leverage machine learning algorithms to interpret changes on Earth’s surface.