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

Satellogic Inc. (NASDAQ:SATL) has earned a consensus recommendation of “Moderate Buy” from the eight brokerages that are covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and five have issued a buy rating on 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 topic of a number of recent research reports. Zacks Research raised Satellogic to a “hold” rating in a report on Thursday, February 19th. Weiss Ratings raised Satellogic from a “sell (e+)” rating to a “sell (d-)” rating in a report on Wednesday, May 13th. Citigroup reaffirmed an “outperform” rating on shares of Satellogic in a report on Wednesday, May 13th. Loop Capital set a $4.50 price objective on Satellogic in a report on Wednesday, March 11th. Finally, Northland Securities set a $11.00 price objective on Satellogic in a report on Thursday.

Satellogic Price Performance

SATL opened at $9.51 on Monday. Satellogic has a fifty-two week low of $1.25 and a fifty-two week high of $12.00. The company has a debt-to-equity ratio of 0.93, a current ratio of 2.44 and a quick ratio of 2.41. The firm’s fifty day moving average price is $7.34 and its two-hundred day moving average price is $4.36. The company has a market capitalization of $1.41 billion, a P/E ratio of -12.68 and a beta of 1.19.

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

Insider Activity

In other news, CTO Alan Kharsansky sold 87,091 shares of the business’s stock in a transaction on Thursday, May 14th. The shares were sold at an average price of $8.35, for a total value of $727,209.85. Following the sale, the chief technology officer owned 47,785 shares in the company, valued at approximately $399,004.75. The trade was a 64.57% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Liberty 77 Capital L.P. sold 10,000,000 shares of the business’s stock in a transaction 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 represents a 50.00% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 10,587,091 shares of company stock worth $100,932,210. Corporate insiders own 38.84% of the company’s stock.

Institutional Investors Weigh In On Satellogic

Several institutional investors and hedge funds have recently made changes to their positions in SATL. Alyeska Investment Group L.P. acquired a new stake in shares of Satellogic in the 4th quarter valued at $16,830,000. Weiss Asset Management LP acquired a new position in shares of Satellogic in the 4th quarter worth approximately $4,053,000. Cantor Fitzgerald L. P. boosted its holdings in shares of Satellogic by 16.2% in the 4th quarter. Cantor Fitzgerald L. P. now owns 13,380,873 shares of the company’s stock worth $25,022,000 after acquiring an additional 1,863,696 shares in the last quarter. Renaissance Technologies LLC acquired a new position in shares of Satellogic in the 1st quarter worth approximately $6,463,000. Finally, Millennium Management LLC acquired a new position in shares of Satellogic in the 4th quarter worth approximately $2,172,000. Institutional investors and hedge funds own 17.58% of the company’s stock.

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.