Satellogic (NASDAQ:SATL) Announces Earnings Results, Misses Estimates By $0.79 EPS

Satellogic (NASDAQ:SATL) announced its earnings results on Monday. The company reported ($0.84) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.79), FiscalAI reports. Satellogic had a negative return on equity of 104.73% and a negative net margin of 443.06%.The company had revenue of $6.11 million for the quarter, compared to the consensus estimate of $5.27 million.

Satellogic Stock Performance

SATL traded up $0.56 during trading on Wednesday, reaching $8.11. 4,646,302 shares of the company’s stock were exchanged, compared to its average volume of 10,556,648. Satellogic has a fifty-two week low of $1.25 and a fifty-two week high of $8.90. The company has a quick ratio of 5.02, a current ratio of 5.12 and a debt-to-equity ratio of 0.93. The business has a 50 day moving average price of $5.62 and a 200 day moving average price of $3.64. The company has a market capitalization of $1.16 billion, a P/E ratio of -10.78 and a beta of 1.06.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the stock. Craig Hallum assumed coverage on shares of Satellogic in a research report on Wednesday, January 21st. They set a “buy” rating and a $5.00 target price on the stock. Citigroup reaffirmed an “outperform” rating on shares of Satellogic in a research report on Wednesday. Zacks Research raised shares of Satellogic to a “hold” rating in a research report on Thursday, February 19th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Satellogic in a research report on Thursday, January 22nd. Finally, Northland Securities set a $9.00 target price on shares of Satellogic in a research report on Wednesday. Five research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $7.70.

Insiders Place Their Bets

In other Satellogic news, insider Fitzgerald L. P. Cantor sold 500,000 shares of Satellogic stock in a transaction 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 sale, the insider owned 12,356,500 shares in the company, valued at $61,906,065. The trade was a 3.89% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 51.62% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Satellogic

Institutional investors have recently bought and sold shares of the business. Neuberger Berman Group LLC acquired a new stake in Satellogic during the fourth quarter worth $25,000. StoneX Group Inc. acquired a new stake in shares of Satellogic in the 4th quarter valued at $25,000. Abel Hall LLC acquired a new stake in shares of Satellogic in the 4th quarter valued at $25,000. Legal & General Group Plc acquired a new stake in shares of Satellogic in the 2nd quarter valued at $27,000. Finally, LMR Partners LLP acquired a new stake in shares of Satellogic in the 2nd quarter valued at $30,000. 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.