Northland Securities Predicts Higher Earnings for Satellogic

Satellogic Inc. (NASDAQ:SATL) – Northland Securities lifted their Q3 2027 earnings estimates for Satellogic in a report issued on Thursday, May 28th. Northland Securities analyst M. Latimore now forecasts that the company will earn $0.00 per share for the quarter, up from their previous estimate of ($0.01). The consensus estimate for Satellogic’s current full-year earnings is ($0.11) per share.

Several other analysts have also recently weighed in on the stock. Citigroup reaffirmed an “outperform” rating on shares of Satellogic in a report on Wednesday, May 13th. Zacks Research raised shares of Satellogic to a “hold” rating in a report on Thursday, February 19th. Roth Mkm raised their target price on shares of Satellogic from $10.00 to $15.00 and gave the company a “buy” rating in a report on Wednesday. Loop Capital set a $4.50 target price on shares of Satellogic in a report on Wednesday, March 11th. Finally, Cantor Fitzgerald raised their price objective on shares of Satellogic from $7.00 to $10.00 and gave the stock an “overweight” rating in a report on Wednesday, May 13th. Five analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $9.10.

Satellogic Stock Performance

Shares of Satellogic stock opened at $9.85 on Friday. The business has a 50-day simple moving average of $7.21 and a 200-day simple moving average of $4.30. The company has a market cap of $1.46 billion, a PE ratio of -13.13 and a beta of 1.06. 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.

Satellogic (NASDAQ:SATL) last issued its quarterly earnings results on Tuesday, March 31st. The company reported ($0.84) earnings per share (EPS) 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.

Insider Transactions at Satellogic

In other news, insider Fitzgerald L. P. Cantor sold 500,000 shares of the firm’s 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 transaction, the insider directly owned 12,356,500 shares in the company, valued at approximately $61,906,065. This trade represents a 3.89% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CTO Alan Kharsansky sold 87,091 shares of the firm’s stock in a transaction that occurred on Thursday, May 14th. The stock was sold at an average price of $8.35, for a total transaction of $727,209.85. Following the transaction, the chief technology officer owned 47,785 shares in the company, valued at approximately $399,004.75. This trade represents a 64.57% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 10,587,091 shares of company stock worth $100,932,210. Insiders own 51.62% of the company’s stock.

Hedge Funds Weigh In On Satellogic

A number of hedge funds have recently modified their holdings of SATL. Geode Capital Management LLC grew its position in shares of Satellogic by 1,671.4% during the second quarter. Geode Capital Management LLC now owns 874,487 shares of the company’s stock worth $3,166,000 after acquiring an additional 825,121 shares during the last quarter. JPMorgan Chase & Co. purchased a new position in Satellogic in the 2nd quarter valued at $118,000. Legal & General Group Plc purchased a new position in Satellogic in the 2nd quarter valued at $27,000. Rhumbline Advisers purchased a new position in Satellogic in the 2nd quarter valued at $351,000. Finally, New York State Common Retirement Fund purchased a new position in Satellogic in the 2nd quarter valued at $97,000. 17.58% of the stock is currently owned by hedge funds and other 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.