Satellogic Inc. (NASDAQ:SATL) Given Average Rating of “Hold” by Brokerages

Shares of Satellogic Inc. (NASDAQ:SATLGet Free Report) have been assigned a consensus rating of “Hold” from the seven research firms that are presently covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $6.40.

A number of research firms have weighed in on SATL. Roth Mkm began coverage on shares of Satellogic in a research report on Friday. They set a “buy” rating and a $10.00 target price for the company. Northland Securities began coverage on shares of Satellogic in a research report on Wednesday, February 18th. They set an “outperform” rating and a $5.50 target price for the company. Wall Street Zen downgraded shares of Satellogic from a “hold” rating to a “sell” rating in a research report on Saturday. Loop Capital set a $4.50 target price on shares of Satellogic in a research report on Wednesday, March 11th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Satellogic in a research report on Thursday, January 22nd.

Read Our Latest Report on Satellogic

Satellogic Stock Up 14.9%

Shares of NASDAQ SATL opened at $8.70 on Thursday. The company has a 50 day simple moving average of $5.53 and a 200 day simple moving average of $3.60. The firm has a market cap of $1.24 billion, a PE ratio of -34.80 and a beta of 1.06. Satellogic has a 1 year low of $1.25 and a 1 year high of $8.90. The company has a debt-to-equity ratio of 0.93, a current ratio of 5.12 and a quick ratio of 5.02.

Satellogic (NASDAQ:SATLGet Free Report) last issued its quarterly earnings data on Tuesday, March 31st. The company reported ($0.84) earnings per share (EPS) for the quarter. The business had revenue of $6.11 million during the quarter. Satellogic had a negative net margin of 27.01% and a negative return on equity of 34.92%. On average, research analysts forecast that Satellogic will post -0.17 EPS for the current year.

Insiders Place Their Bets

In other Satellogic news, insider Fitzgerald L. P. Cantor sold 500,000 shares of the stock in a transaction that occurred on Monday, March 23rd. The shares were sold at an average price of $5.01, for a total transaction of $2,505,000.00. Following the completion of the sale, the insider owned 12,356,500 shares of the company’s stock, valued at approximately $61,906,065. This represents a 3.89% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 51.62% of the company’s stock.

Institutional Trading of Satellogic

Several large investors have recently modified their holdings of the stock. Cantor Fitzgerald L. P. grew its position in shares of Satellogic by 16.2% during the 4th quarter. Cantor Fitzgerald L. P. now owns 13,380,873 shares of the company’s stock worth $25,022,000 after buying an additional 1,863,696 shares during the period. Alyeska Investment Group L.P. acquired a new stake in shares of Satellogic during the 4th quarter worth approximately $16,830,000. Vanguard Group Inc. grew its position in shares of Satellogic by 44.4% during the 3rd quarter. Vanguard Group Inc. now owns 3,262,216 shares of the company’s stock worth $10,700,000 after buying an additional 1,002,400 shares during the period. Weiss Asset Management LP acquired a new stake in shares of Satellogic during the 4th quarter worth approximately $4,053,000. Finally, Geode Capital Management LLC grew its position in shares of Satellogic by 34.5% during the 4th quarter. Geode Capital Management LLC now owns 1,807,737 shares of the company’s stock worth $3,381,000 after buying an additional 463,811 shares during the period. Institutional investors and hedge funds own 17.58% of the company’s stock.

Satellogic News Roundup

Here are the key news stories impacting Satellogic this week:

Satellogic Company Profile

(Get Free Report)

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.

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Analyst Recommendations for Satellogic (NASDAQ:SATL)

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