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

Satellogic Inc. (NASDAQ:SATL) has been given an average recommendation of “Moderate Buy” by the six analysts that are covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, one has issued a hold recommendation, three have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year target price among analysts that have covered the stock in the last year is $5.50.

Several analysts recently commented on the stock. Cantor Fitzgerald set a $7.00 price target on shares of Satellogic in a report on Friday, February 20th. Wall Street Zen upgraded shares of Satellogic from a “sell” rating to a “hold” rating in a research report on Saturday, March 21st. Loop Capital set a $4.50 target price on shares of Satellogic in a research note on Wednesday, March 11th. Zacks Research upgraded shares of Satellogic to a “hold” rating in a report on Thursday, February 19th. Finally, Freedom Capital raised shares of Satellogic to a “strong-buy” rating in a research note on Wednesday, March 11th.

Satellogic Stock Performance

Shares of SATL stock opened at $7.52 on Friday. The company has a market capitalization of $1.08 billion, a price-to-earnings ratio of -30.08 and a beta of 0.99. Satellogic has a 1-year low of $1.25 and a 1-year high of $8.02. The company has a current ratio of 5.12, a quick ratio of 5.02 and a debt-to-equity ratio of 0.93. The stock’s fifty day simple moving average is $4.44 and its 200-day simple moving average is $3.24.

Satellogic (NASDAQ:SATL) last announced its quarterly earnings data on Thursday, March 19th. The company reported $0.17 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.06) by $0.23. The firm had revenue of $6.25 million during the quarter, compared to the consensus estimate of $3.83 million. Satellogic had a negative return on equity of 34.92% and a negative net margin of 27.01%.

Insider Buying and Selling

In other Satellogic news, insider Fitzgerald L. P. Cantor sold 500,000 shares of the company’s stock in a transaction dated Monday, March 23rd. The stock was sold at an average price of $5.01, for a total value of $2,505,000.00. Following the transaction, the insider directly owned 12,356,500 shares of the company’s stock, valued at $61,906,065. This represents a 3.89% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders sold a total of 1,024,373 shares of company stock valued at $5,447,676 in the last quarter. Insiders own 51.62% of the company’s stock.

Institutional Investors Weigh In On Satellogic

Several large investors have recently made changes to their positions in the company. Halter Ferguson Financial Inc. bought a new position in Satellogic during the third quarter valued at about $1,276,000. Caitong International Asset Management Co. Ltd boosted its stake in shares of Satellogic by 223,650.0% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 277,450 shares of the company’s stock worth $519,000 after acquiring an additional 277,326 shares in the last quarter. Abel Hall LLC acquired a new position in shares of Satellogic during the 4th quarter valued at about $25,000. Neuberger Berman Group LLC acquired a new position in shares of Satellogic during the 4th quarter valued at about $25,000. Finally, StoneX Group Inc. bought a new position in shares of Satellogic in the 4th quarter valued at approximately $25,000. Institutional investors own 17.58% of the company’s stock.

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.