Satellogic (NASDAQ:SATL) Coverage Initiated by Analysts at Craig Hallum

Craig Hallum began coverage on shares of Satellogic (NASDAQ:SATL) in a research note issued on Wednesday. The firm set a “buy” rating and a $5.00 price target on the stock. Craig Hallum’s price target points to a potential upside of 37.36% from the company’s current price.

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of Satellogic in a research note on Wednesday, October 8th. One investment analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Satellogic has an average rating of “Hold” and an average target price of $5.00.

Satellogic Price Performance

SATL opened at $3.64 on Wednesday. Satellogic has a 12-month low of $1.25 and a 12-month high of $5.12. The stock has a market capitalization of $493.11 million, a PE ratio of -15.17 and a beta of 1.36. The firm’s fifty day moving average price is $2.10 and its 200 day moving average price is $2.84.

Satellogic (NASDAQ:SATL) last announced its quarterly earnings data on Monday, November 10th. The company reported ($0.02) earnings per share for the quarter. The business had revenue of $3.63 million for the quarter.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of SATL. Penserra Capital Management LLC bought a new position in Satellogic in the second quarter worth about $380,000. Halter Ferguson Financial Inc. acquired a new stake in shares of Satellogic during the 3rd quarter worth approximately $1,276,000. Legal & General Group Plc bought a new stake in shares of Satellogic in the 2nd quarter worth approximately $27,000. SG Americas Securities LLC acquired a new position in Satellogic during the 4th quarter valued at approximately $46,000. Finally, Thompson Davis & CO. Inc. acquired a new position in Satellogic during the 4th quarter valued at approximately $41,000. 17.58% of the stock is currently owned by institutional investors.

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.