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

Satellogic Inc. (NASDAQ:SATL) has earned an average recommendation of “Moderate Buy” from the eight research firms that are currently covering the company, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and five have assigned a buy recommendation to the company. The average 1-year price target among brokers that have covered the stock in the last year is $9.10.

SATL has been the subject of a number of recent research reports. Citigroup reiterated an “outperform” rating on shares of Satellogic in a report on Wednesday, May 13th. Freedom Capital downgraded shares of Satellogic from a “strong-buy” rating to a “hold” rating in a report on Wednesday, May 6th. Weiss Ratings upgraded shares of Satellogic from a “sell (e+)” rating to a “sell (d-)” rating in a report on Wednesday, May 13th. Wall Street Zen upgraded shares of Satellogic from a “sell” rating to a “hold” rating in a report on Monday, June 15th. Finally, Cantor Fitzgerald restated an “overweight” rating on shares of Satellogic in a report on Monday, June 15th.

Satellogic Stock Down 9.1%

SATL stock opened at $4.58 on Friday. The company has a market cap of $678.94 million, a price-to-earnings ratio of -6.11 and a beta of 1.19. The company has a current ratio of 2.44, a quick ratio of 2.41 and a debt-to-equity ratio of 0.93. Satellogic has a 12 month low of $1.25 and a 12 month high of $12.00. The firm has a 50-day moving average of $7.55 and a two-hundred day moving average of $5.04.

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

Insider Buying and Selling

In other news, Director Liberty 77 Capital L.P. sold 10,000,000 shares of the firm’s stock in a transaction that occurred on Tuesday, May 26th. The shares were sold at an average price of $9.77, for a total transaction of $97,700,000.00. Following the completion of the sale, the director owned 10,000,000 shares in the company, valued at $97,700,000. This trade represents a 50.00% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CTO Alan Kharsansky sold 87,091 shares of the firm’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 sale, the chief technology officer owned 47,785 shares of the company’s stock, valued at $399,004.75. This represents a 64.57% decrease in their position. The disclosure for this sale is available in the SEC filing. 38.84% of the stock is owned by company insiders.

Institutional Trading of Satellogic

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. ProShare Advisors LLC increased its holdings in shares of Satellogic by 30.2% during the 4th quarter. ProShare Advisors LLC now owns 15,349 shares of the company’s stock worth $29,000 after buying an additional 3,561 shares during the last quarter. Invesco Ltd. increased its holdings in shares of Satellogic by 14.0% during the 4th quarter. Invesco Ltd. now owns 46,639 shares of the company’s stock worth $87,000 after buying an additional 5,723 shares during the last quarter. BNP Paribas Financial Markets boosted its position in shares of Satellogic by 107.5% during the 3rd quarter. BNP Paribas Financial Markets now owns 13,613 shares of the company’s stock worth $45,000 after purchasing an additional 7,052 shares during the period. Legal & General Group Plc purchased a new position in shares of Satellogic during the 2nd quarter worth approximately $27,000. Finally, LMR Partners LLP purchased a new position in shares of Satellogic during the 2nd quarter worth approximately $30,000. Institutional investors and hedge funds own 17.58% of the company’s stock.

Satellogic Company Profile

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.