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

Satellogic Inc. (NASDAQ:SATL) has earned an average recommendation of “Moderate Buy” from the eight ratings firms that are covering the firm, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, one has given a hold recommendation, five have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $8.90.

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

Satellogic Price Performance

Shares of NASDAQ SATL opened at $3.21 on Thursday. The firm has a market cap of $493.51 million, a P/E ratio of -3.91 and a beta of 1.49. Satellogic has a 52 week low of $1.25 and a 52 week high of $12.00. The company has a quick ratio of 2.31, a current ratio of 2.34 and a debt-to-equity ratio of 2.65. The business’s 50 day moving average price is $4.72 and its 200 day moving average price is $5.27.

Satellogic (NASDAQ:SATL) last released its quarterly earnings data on Thursday, August 6th. The company reported ($0.13) EPS for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.10). The business had revenue of $15.92 million during the quarter, compared to analyst estimates of $9.57 million. Satellogic had a negative net margin of 325.65% and a positive return on equity of 303.84%. On average, sell-side analysts expect that Satellogic will post -0.02 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of SATL. Allworth Financial LP boosted its position in shares of Satellogic by 69.4% during the second quarter. Allworth Financial LP now owns 6,214 shares of the company’s stock worth $36,000 after acquiring an additional 2,545 shares during the last quarter. Integrated Wealth Concepts LLC purchased a new stake in shares of Satellogic during the second quarter valued at $46,000. Trueblood Wealth Management LLC purchased a new stake in shares of Satellogic in the 3rd quarter worth $55,000. Kestra Advisory Services LLC bought a new stake in Satellogic during the 3rd quarter valued at $57,000. Finally, Krilogy Financial LLC acquired a new position in shares of Satellogic during the first quarter worth $60,000. Institutional investors own 17.58% of the company’s stock.

About Satellogic

Satellogic Inc is a geospatial intelligence company that designs, manufactures and operates a constellation of Earth observation satellites. Its satellites collect high-resolution, multispectral imagery intended to help customers monitor changes on the planet’s surface, including activity related to agriculture, infrastructure, natural resources, climate and national security.

The company provides access to satellite imagery, analytics and related data products through its platform. Satellogic also offers satellite-as-a-service and sovereign constellation solutions, allowing government and commercial customers to obtain dedicated Earth observation capabilities and build applications based on frequently updated geospatial data.

Founded in 2010 by Emiliano Kargieman, Satellogic is headquartered in Montevideo, Uruguay, and serves customers in multiple international markets.