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

Satellogic Inc. (NASDAQ:SATL) has earned a consensus rating of “Moderate Buy” from the eight research firms that are covering the stock, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation, five have given a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $8.90.

A number of research analysts have recently weighed in on SATL shares. Weiss Ratings restated a “sell (d-)” rating on shares of Satellogic in a research report on Friday, August 7th. Cantor Fitzgerald reduced their price target on shares of Satellogic from $10.00 to $9.00 and set an “overweight” rating on the stock in a report on Thursday, August 6th. Roth Capital reaffirmed a “buy” rating on shares of Satellogic in a report on Thursday, August 6th. Northland Securities set a $11.00 price objective on shares of Satellogic in a research note on Thursday, May 28th. Finally, Citigroup restated an “outperform” rating on shares of Satellogic in a research report on Wednesday, May 13th.

Satellogic Stock Performance

SATL opened at $5.72 on Friday. The stock has a market cap of $879.39 million, a P/E ratio of -6.98 and a beta of 1.31. The company has a debt-to-equity ratio of 2.65, a current ratio of 2.34 and a quick ratio of 2.31. The stock’s 50 day simple moving average is $4.90 and its 200 day simple moving average is $5.54. Satellogic has a 1-year low of $1.25 and a 1-year high of $12.00.

Satellogic (NASDAQ:SATL) last issued its quarterly earnings data on Thursday, August 6th. The company reported ($0.13) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.03) by ($0.10). The firm had revenue of $15.92 million for the quarter, compared to analyst estimates 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 anticipate that Satellogic will post -0.02 EPS for the current fiscal year.

Insiders Place Their Bets

In other Satellogic news, Director Liberty 77 Capital L.P. sold 10,000,000 shares of the firm’s stock in a transaction on Tuesday, May 26th. The stock was sold at an average price of $9.77, for a total transaction of $97,700,000.00. Following the completion of the transaction, the director owned 10,000,000 shares of the company’s stock, valued at approximately $97,700,000. This trade represents a 50.00% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 38.84% of the company’s stock.

Institutional Trading of Satellogic

A number of large investors have recently made changes to their positions in SATL. Legal & General Group Plc acquired a new position in Satellogic in the 2nd quarter valued at about $27,000. LMR Partners LLP purchased a new position in Satellogic in the 2nd quarter valued at about $30,000. Squarepoint Ops LLC purchased a new position in Satellogic in the 3rd quarter valued at about $33,000. Krilogy Financial LLC purchased a new position in shares of Satellogic during the first quarter valued at approximately $60,000. Finally, Virtu Financial LLC purchased a new position in shares of Satellogic during the third quarter valued at approximately $36,000. 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.