Craig Hallum Begins Coverage on Satellogic (NASDAQ:SATL)

Research analysts at Craig Hallum initiated coverage on shares of Satellogic (NASDAQ:SATL) in a report issued on Wednesday, MarketBeat.com reports. 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 9.65% from the company’s current price.

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of Satellogic in a report on Wednesday, October 8th. One investment analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $5.00.

Satellogic Stock Up 27.0%

Shares of NASDAQ:SATL opened at $4.56 on Wednesday. The business’s 50 day moving average is $2.20 and its 200 day moving average is $2.85. Satellogic has a 12-month low of $1.25 and a 12-month high of $5.12. The stock has a market cap of $617.74 million, a price-to-earnings ratio of -19.00 and a beta of 1.36.

Satellogic (NASDAQ:SATL) last issued 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 during the quarter.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the stock. Ameritas Investment Partners Inc. bought a new stake in Satellogic in the 2nd quarter valued at about $25,000. Farther Finance Advisors LLC purchased a new position in shares of Satellogic in the third quarter worth about $26,000. Legal & General Group Plc bought a new stake in shares of Satellogic in the second quarter valued at approximately $27,000. LMR Partners LLP purchased a new stake in shares of Satellogic during the 2nd quarter valued at approximately $30,000. Finally, Squarepoint Ops LLC purchased a new stake in shares of Satellogic during the 3rd quarter valued at approximately $33,000. 17.58% of the stock is owned by institutional investors.

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.