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

Satellogic Inc. (NASDAQ:SATL) has been assigned an average recommendation of “Moderate Buy” from the eight ratings firms that are presently covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and five have given a buy rating to the company. The average 12 month price target among analysts that have covered the stock in the last year is $9.10.

A number of research analysts have recently issued reports on the stock. Roth Mkm boosted their price target on shares of Satellogic from $10.00 to $15.00 and gave the stock a “buy” rating in a research note on Wednesday, May 27th. Zacks Research upgraded shares of Satellogic to a “hold” rating in a research note on Thursday, February 19th. Weiss Ratings upgraded shares of Satellogic from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Wednesday, May 13th. Wall Street Zen upgraded shares of Satellogic from a “sell” rating to a “hold” rating in a research report on Saturday, May 30th. Finally, Cantor Fitzgerald upped their target price on shares of Satellogic from $7.00 to $10.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 13th.

Insider Transactions at Satellogic

In related news, insider Fitzgerald L. P. Cantor sold 500,000 shares of Satellogic stock in a transaction that occurred on Monday, March 23rd. The stock was sold at an average price of $5.01, for a total transaction of $2,505,000.00. Following the completion of the transaction, the insider directly owned 12,356,500 shares in the company, valued at $61,906,065. The trade was a 3.89% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CTO Alan Kharsansky sold 87,091 shares of Satellogic stock in a transaction that occurred on Thursday, May 14th. The stock was sold at an average price of $8.35, for a total value of $727,209.85. Following the transaction, 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 ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 10,587,091 shares of company stock valued at $100,932,210 in the last ninety days. Corporate insiders own 38.84% of the company’s stock.

Hedge Funds Weigh In On Satellogic

Institutional investors and hedge funds have recently modified their holdings of the company. Abel Hall LLC purchased a new position in shares of Satellogic during the fourth quarter valued at approximately $25,000. StoneX Group Inc. purchased a new position in Satellogic during the fourth quarter worth approximately $25,000. Neuberger Berman Group LLC purchased a new position in Satellogic during the fourth quarter worth approximately $25,000. Legal & General Group Plc acquired a new stake in shares of Satellogic in the second quarter worth $27,000. Finally, ProShare Advisors LLC increased its position in shares of Satellogic by 30.2% in the fourth quarter. ProShare Advisors LLC now owns 15,349 shares of the company’s stock worth $29,000 after acquiring an additional 3,561 shares in the last quarter. Hedge funds and other institutional investors own 17.58% of the company’s stock.

Satellogic Price Performance

Shares of NASDAQ:SATL opened at $7.12 on Monday. The company has a 50-day simple moving average of $7.68 and a 200-day simple moving average of $4.57. Satellogic has a one year low of $1.25 and a one year high of $12.00. The company has a debt-to-equity ratio of 0.93, a quick ratio of 2.41 and a current ratio of 2.44. The stock has a market capitalization of $1.06 billion, a price-to-earnings ratio of -9.49 and a beta of 1.19.

Satellogic (NASDAQ:SATL) last announced its earnings results on Tuesday, March 31st. The company reported ($0.84) EPS for the quarter. Satellogic had a negative net margin of 443.06% and a negative return on equity of 100.03%. The business had revenue of $6.11 million during the quarter. On average, analysts predict that Satellogic will post -0.11 EPS for the current year.

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.