Satellogic Inc. (NASDAQ:SATL) Given Average Rating of “Buy” by Analysts

Shares of Satellogic Inc. (NASDAQ:SATL) have earned an average recommendation of “Buy” from the eight ratings firms that are presently covering the company, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, five have assigned a buy recommendation and two have assigned a strong buy recommendation to the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $9.10.

SATL has been the subject of several recent research reports. Cantor Fitzgerald reiterated an “overweight” rating on shares of Satellogic in a report on Monday, June 15th. Northland Securities set a $11.00 price objective on Satellogic in a research report on Thursday, May 28th. Wall Street Zen upgraded Satellogic from a “sell” rating to a “hold” rating in a research note on Sunday, July 12th. Roth Capital boosted their target price on Satellogic from $10.00 to $15.00 and gave the stock a “buy” rating in a report on Wednesday, May 27th. Finally, Weiss Ratings raised Satellogic from a “sell (e+)” rating to a “sell (d-)” rating in a report on Wednesday, May 13th.

Satellogic Trading Down 6.5%

Shares of NASDAQ SATL opened at $3.57 on Tuesday. Satellogic has a 1 year low of $1.25 and a 1 year high of $12.00. The stock has a market cap of $529.22 million, a P/E ratio of -4.76 and a beta of 1.26. The firm has a 50-day moving average of $6.80 and a 200 day moving average of $5.37. The company has a debt-to-equity ratio of 0.93, a current ratio of 2.44 and a quick ratio of 2.41.

Satellogic (NASDAQ:SATL) last posted its quarterly earnings data on Tuesday, March 31st. The company reported ($0.84) EPS for the quarter. The business had revenue of $6.11 million for the quarter. Satellogic had a negative return on equity of 100.03% and a negative net margin of 443.06%. As a group, sell-side analysts expect that Satellogic will post -0.11 EPS for the current fiscal year.

Insider Activity

In other news, Director Liberty 77 Capital L.P. sold 10,000,000 shares of the stock in a transaction that occurred 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 sale, the director owned 10,000,000 shares in the company, valued at $97,700,000. This represents a 50.00% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CTO Alan Kharsansky sold 87,091 shares of the firm’s stock in a transaction that occurred on Thursday, May 14th. The shares were sold at an average price of $8.35, for a total transaction of $727,209.85. Following the sale, the chief technology officer directly owned 47,785 shares of the company’s stock, valued at $399,004.75. This trade represents a 64.57% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 38.84% of the stock is currently owned by insiders.

Institutional Trading of Satellogic

Institutional investors and hedge funds have recently modified their holdings of the business. Caitong International Asset Management Co. Ltd boosted its stake in shares of Satellogic by 223,650.0% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 277,450 shares of the company’s stock worth $519,000 after buying an additional 277,326 shares during the last quarter. Halter Ferguson Financial Inc. grew its holdings in shares of Satellogic by 116.0% in the fourth quarter. Halter Ferguson Financial Inc. now owns 839,832 shares of the company’s stock worth $1,570,000 after acquiring an additional 450,957 shares during the period. Counterpoint Mutual Funds LLC purchased a new stake in Satellogic during the first quarter valued at $584,000. Themes Management Co LLC bought a new position in Satellogic in the first quarter valued at about $121,000. Finally, Walleye Capital LLC bought a new position in Satellogic in the first quarter valued at about $1,045,000. Institutional investors 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.