Satellogic Inc. (NASDAQ:SATL) Stock Has Consensus Price Target of $8.90 According to Brokerages

Shares of Satellogic Inc. (NASDAQ:SATL) have earned a consensus recommendation of “Moderate Buy” from the eight ratings firms that are covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $8.90.

A number of research firms have recently issued reports on SATL. Wall Street Zen downgraded shares of Satellogic from a “hold” rating to a “sell” rating in a report on Saturday, July 25th. Cantor Fitzgerald reaffirmed an “overweight” rating on shares of Satellogic in a research note on Monday, September 21st. Weiss Ratings reiterated a “sell (d-)” rating on shares of Satellogic in a report on Friday, August 7th. Zacks Research cut Satellogic from a “strong-buy” rating to a “hold” rating in a report on Monday, August 10th. Finally, Roth Capital reiterated a “buy” rating on shares of Satellogic in a research report on Thursday, August 6th.

Satellogic Stock Performance

Shares of SATL opened at $5.15 on Friday. The company has a market cap of $791.76 million, a PE ratio of -6.28 and a beta of 1.37. The company has a current ratio of 2.34, a quick ratio of 2.31 and a debt-to-equity ratio of 2.65. The stock has a 50-day moving average price of $5.27 and a 200-day moving average price of $6.03. Satellogic has a 12-month low of $1.25 and a 12-month high of $12.00.

Satellogic (NASDAQ:SATL) last issued its quarterly earnings data on Thursday, August 6th. The company reported ($0.13) EPS for the quarter, missing the consensus estimate of ($0.03) by ($0.10). The business had revenue of $15.92 million for the quarter, compared to analysts’ expectations of $9.57 million. Satellogic had a positive return on equity of 303.84% and a negative net margin of 325.65%. As a group, equities analysts forecast that Satellogic will post -0.02 earnings per share for the current fiscal year.

Institutional Trading of Satellogic

A number of hedge funds have recently bought and sold shares of SATL. Royal Bank of Canada grew its position in Satellogic by 4,052.9% during the first quarter. Royal Bank of Canada now owns 417,033 shares of the company’s stock valued at $2,269,000 after acquiring an additional 406,991 shares during the last quarter. Tidal Investments LLC purchased a new position in shares of Satellogic during the second quarter worth approximately $11,613,000. Bank of New York Mellon Corp purchased a new position in shares of Satellogic during the second quarter worth approximately $1,278,000. Sei Investments Co. purchased a new position in shares of Satellogic during the first quarter worth approximately $1,607,000. Finally, Renaissance Technologies LLC bought a new stake in shares of Satellogic in the 1st quarter worth approximately $6,463,000. Institutional investors own 17.58% of the company’s stock.

Satellogic Company Profile

Satellogic Inc (NASDAQ: SATL) is a geospatial intelligence company that operates a constellation of satellites designed to capture high-resolution imagery of Earth. Its satellites collect multispectral data that can be used to monitor changes in agriculture, infrastructure, natural resources, climate conditions and other areas of interest.

The company provides satellite imagery, tasking services and geospatial data products to government and commercial customers. Its platform is intended to support applications including defense and security, environmental monitoring, mapping, agriculture, energy and infrastructure management.